Evolv Technologies Holdings, Inc. provides AI-based touchless security screening systems. The company offers an array of AI- based touchless screening technologies for weapons detection, identity verification, and health-related threats. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives as visitors walk through at a normal pace, individually or in groups; Evolv Insights that provides detailed analytics about visitor flows and Evolv Express detection performance; Evolv Thermal Imaging Package; and Evolv Edge to detect non-metallic explosive devices, metallic explosive devices, firearms, and tactical knives without requiring visitors to divest or empty their pockets. The company is based in Waltham, Massachusetts.
IPO Year: 2020
Exchange: NASDAQ
Website: evolvtechnology.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/21/2025 | $7.50 | Market Perform → Outperform | Northland Capital |
| 10/28/2024 | Outperform → Market Perform | Northland Capital | |
| 5/20/2024 | $8.50 → $5.75 | Buy | Craig Hallum |
| 5/10/2024 | $6.00 → $3.50 | Buy → Hold | Lake Street |
| 11/21/2023 | $6.00 | Buy | Lake Street |
| 4/28/2023 | $6.00 | Buy | Craig Hallum |
| 2/8/2023 | $5.40 | Overweight | Cantor Fitzgerald |
| 3/15/2022 | $10.00 → $2.00 | Buy → Hold | Stifel |
| 8/26/2021 | $12.00 | Buy | Stifel |
— Company Surpasses 6,600 Total Subscriptions — — Company Expects Revenue Growth of 20%-25% with Positive Full Year Adjusted EBITDA in 2025 — Q1'25 Revenue of $32.0 million, up 44% year-over-year Q1'25 Ending ARR1 of $106.0 million, up 34% year-over-year Q1'25 Net Loss of $(1.7) million, compared to $(11.3) million in Q1'24 Q1'25 Net Profit Margin of (5)%, compared to (51)% in Q1'24 Q1'25 Adjusted EBITDA1 of $1.7 million, with Adjusted EBITDA Margin1 of 5% Evolv Technologies Holdings, Inc (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to help create safer experiences, today announced financial results for the quarter ended March 31,
— Company Estimates Revenue Growth of 40%+ in Q1'25 — — Company Reiterates Plans to Issue Final Q1'25 Results on May 20, 2025 — Evolv Technologies Holdings, Inc (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to help create safer experiences, today provided an update on its preliminary financial results for the first quarter of 2025 as well as its upcoming plans to file its related Quarterly Report on Form 10-Q with the Securities and Exchange Commission. Company Provides Preliminary Update for First Quarter of 2025 The Company today provided an update on preliminary results for the first quarter of 2025. Based on preliminary estimates which a
Evolv Technologies Holdings, Inc. (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today announced its scheduled participation in the Cowen Technology Conference on Thursday, May 29, 2025 in New York, New York. Presenting on behalf of the Company will be Mr. John Kedzierski, the Company's President and Chief Executive Officer and Mr. Chris Kutsor, the Company's Chief Financial Officer. Additional details including a link to the associated webcast will be available at the Company's investor relations website at https://ir.evolvtechnology.com. About Evolv Technology Evolv Technology (NASDAQ:EVLV) is designed to transform
Rahway Public Schools adopts Evolv Express® and Evolv eXpedite™ to strengthen entryway safety Evolv Technologies Holdings, Inc. (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today announced its partnership with Rahway Public Schools in Rahway, NJ. The district recently installed Evolv Express® and Evolv eXpedite™ systems at its gymnasium and performing arts entrances, marking a significant step forward in school security. The combination of Express and eXpedite will allow students to be screened without having to take laptops out of their bags. "Our top priority is the safety and well-being of our staff, students,
Evolv Technologies Holdings, Inc (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to help create safer experiences, today announced that the Company will release financial results for the first quarter of 2025 on Tuesday, May 20, 2025, after the market closes. Members of the Company's management team plan to host a live webcast at 4:30 p.m. Eastern Time on that day to discuss the financial results as well as management's outlook for the business. The conference call will be webcast live at http://ir.evolvtechnology.com. About Evolv Technology Evolv Technologies Holdings, Inc (NASDAQ:EVLV) is designed to transform human security to make a safer, f
— Company Regains Compliance with SEC Reporting and NASDAQ Listing Requirements — — Company Achieves Positive Adjusted EBITDA1 in Q4'24 — Q4'24 Revenue of $29.1 million, up 41% year-over-year Q4'24 Ending ARR2 of $99.4 million, up 39% year-over-year Q4'24 Adjusted EBITDA of $0.4 million Q4'24 Ending RPO3 of $266.7 million Evolv Technologies Holdings, Inc (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to help create safer experiences, today announced financial results for the quarter and year ended December 31, 2024 and the filing of its 2024 Annual Report on Form 10-K with the U.S. Securities and Exchange Commission ("SEC"). The Com
–Evolv Welcomes Proven High-Tech Public Company CFO as Company Enters New Stage of Growth– Evolv Technologies Holdings, Inc. (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to help create safer experiences, today announced the appointment of Mr. Chris Kutsor as Chief Financial Officer. The appointment will be effective one business day following the filing of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250423812661/en/Chris Kutsor, Chief Financial Officer "We are thrilled to welcome Chris to our le
- No Immediate Effect on the Company's Securities Listed on Nasdaq - Evolv Technologies Holdings, Inc. (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today announced it received an expected delinquency notification letter (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") on April 16, 2025. The Notice indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Nasdaq Listing Rule") as a result of the delayed filing of the Company's Annual Report on Form 10-K for the period ended December 31, 2024 (the "Annual Report"). As previously annou
Evolv brings advanced fan-friendly screening experience to Cosm's initial sites in Los Angeles and Dallas Evolv Technologies Holdings, Inc. (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today announced that it recently entered a partnership with Cosm, the immersive entertainment company pioneering news ways to experience sports and entertainment content. The partnership brings Evolv's advanced Express® systems to Cosm's first two locations, in the Los Angeles and Dallas metro areas. Express will be used to help deliver the secure, fast, and convenient entry screening process at the Cosm sites for major events that p
Oracle Park upgrades Evolv Express systems initially deployed in 2021 to a new fleet, becoming the first professional sports team to renew its four-year subscription Evolv Technologies Holdings, Inc. (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to help create safer experiences, today announced an extended and expanded relationship with the San Francisco Giants. Under the new agreement, which will see Evolv designated as a Proud Partner of the team, the existing fleet of 20 Evolv Express security systems will be swapped for Evolv's latest Gen2 units offering enhanced mobility and easier deployment. Evolv Express systems have been used to screen
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10-Q - Evolv Technologies Holdings, Inc. (0001805385) (Filer)
8-K - Evolv Technologies Holdings, Inc. (0001805385) (Filer)
NT 10-Q - Evolv Technologies Holdings, Inc. (0001805385) (Filer)
DEFA14A - Evolv Technologies Holdings, Inc. (0001805385) (Filer)
DEF 14A - Evolv Technologies Holdings, Inc. (0001805385) (Filer)
10-K - Evolv Technologies Holdings, Inc. (0001805385) (Filer)
10-Q - Evolv Technologies Holdings, Inc. (0001805385) (Filer)
8-K - Evolv Technologies Holdings, Inc. (0001805385) (Filer)
8-K - Evolv Technologies Holdings, Inc. (0001805385) (Filer)
8-K - Evolv Technologies Holdings, Inc. (0001805385) (Filer)
Northland Capital upgraded Evolv Technologies Holdings from Market Perform to Outperform and set a new price target of $7.50
Northland Capital downgraded Evolv Technologies Holdings from Outperform to Market Perform
Craig Hallum resumed coverage of Evolv Technologies Holdings with a rating of Buy and set a new price target of $5.75 from $8.50 previously
Lake Street downgraded Evolv Technologies Holdings from Buy to Hold and set a new price target of $3.50 from $6.00 previously
Lake Street initiated coverage of Evolv Technologies Holdings with a rating of Buy and set a new price target of $6.00
Craig Hallum initiated coverage of Evolv Technologies Holdings with a rating of Buy and set a new price target of $6.00
Cantor Fitzgerald initiated coverage of Evolv Technologies Holdings with a rating of Overweight and set a new price target of $5.40
Stifel downgraded Evolv Technologies Holdings from Buy to Hold and set a new price target of $2.00 from $10.00 previously
Stifel initiated coverage of Evolv Technologies with a rating of Buy and set a new price target of $12.00
— Company Surpasses 6,600 Total Subscriptions — — Company Expects Revenue Growth of 20%-25% with Positive Full Year Adjusted EBITDA in 2025 — Q1'25 Revenue of $32.0 million, up 44% year-over-year Q1'25 Ending ARR1 of $106.0 million, up 34% year-over-year Q1'25 Net Loss of $(1.7) million, compared to $(11.3) million in Q1'24 Q1'25 Net Profit Margin of (5)%, compared to (51)% in Q1'24 Q1'25 Adjusted EBITDA1 of $1.7 million, with Adjusted EBITDA Margin1 of 5% Evolv Technologies Holdings, Inc (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to help create safer experiences, today announced financial results for the quarter ended March 31,
— Company Estimates Revenue Growth of 40%+ in Q1'25 — — Company Reiterates Plans to Issue Final Q1'25 Results on May 20, 2025 — Evolv Technologies Holdings, Inc (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to help create safer experiences, today provided an update on its preliminary financial results for the first quarter of 2025 as well as its upcoming plans to file its related Quarterly Report on Form 10-Q with the Securities and Exchange Commission. Company Provides Preliminary Update for First Quarter of 2025 The Company today provided an update on preliminary results for the first quarter of 2025. Based on preliminary estimates which a
Evolv Technologies Holdings, Inc (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to help create safer experiences, today announced that the Company will release financial results for the first quarter of 2025 on Tuesday, May 20, 2025, after the market closes. Members of the Company's management team plan to host a live webcast at 4:30 p.m. Eastern Time on that day to discuss the financial results as well as management's outlook for the business. The conference call will be webcast live at http://ir.evolvtechnology.com. About Evolv Technology Evolv Technologies Holdings, Inc (NASDAQ:EVLV) is designed to transform human security to make a safer, f
Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) (the "Company" or "Evolv Technology"), a leading security technology company pioneering AI-powered solutions designed to create safer experiences, today announced that on January 31, 2025, it received a letter from the Nasdaq Stock Market ("Nasdaq") informing the Company that Nasdaq has granted the Company's request for an exception to Nasdaq's Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission. The exception gives the Company until May 19, 2025 to file its Quarterly Report on Form 10-Q for the period ended September 30, 2024 (the "Quarterl
– Company Reaffirms Outlook for Positive Adjusted EBITDA1 by Q2 2025 – – Company Provides Update on Restatement Effort and Regulatory Inquiry – Evolv Technology, Inc. (NASDAQ:EVLV) (the "Company"), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today provided an update on select strategic metrics for the three-month period ended December 31, 20242. The Company also provided an update on its pending restatement effort and other regulatory matters. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250123179310/en/ According to preliminary estimates which are subject to ch
Q2 Revenue of $25.5 million, up 29% year-over-year Q2 Ending ARR1 of $88.9 million, up 64% year-over-year Q2 Ending RPO2 of $262.9 million, up 33% year-over-year Q2 Ending Evolv Express® subscriptions of 5,323, up 57% year-over-year Evolv Technology (NASDAQ:EVLV), a leading security technology company pioneering AI-based screening designed to help create safer experiences, today announced financial results for the quarter ended June 30, 2024. Results for the Second Quarter of 2024 Total revenue for the second quarter of 2024 was $25.5 million, an increase of 29% compared to $19.8 million for the second quarter of 2023. Annual Recurring Revenue ("ARR")1 was $88.9 million at
Evolv Technology (NASDAQ:EVLV), a leading security technology company pioneering AI-based screening to create safer experiences, announced that the Company will release financial results for the second quarter of 2024 on Thursday, August 8, 2024, after the market closes. Members of the Company's management team plan to host a live conference call and webcast at 4:30 p.m. Eastern Time on that day to discuss the financial results as well as management's outlook for the business. The conference call may be accessed in the United States by dialing +1.877.692.8955 and using access code 825879. The conference call may be accessed outside of the United States by dialing +1.234.720.6979 and using t
Q1 Revenue of $21.7 million, up 17% year-over-year Q1 Ending ARR1 of $82.5 million, up 96% year-over-year Q1 Ending RPO2 of $254.1 million, up 57% year-over-year Q1 Ending Evolv Express® subscriptions of 4,882, up 75% year-over-year Evolv Technology (NASDAQ:EVLV), the leading security technology company pioneering AI-based screening to create safer experiences, today announced financial results for the quarter ended March 31, 2024. Results for the First Quarter of 2024 Total revenue for the first quarter of 2024 was $21.7 million, an increase of 17% compared to $18.6 million for the first quarter of 2023. Annual Recurring Revenue ("ARR")1 was $82.5 million at the end of fir
Evolv Technology (NASDAQ:EVLV), the leading security technology company pioneering AI-based screening to create safer experiences, announced that the Company will release financial results for the first quarter of 2024 on Thursday, May 9, 2024, after the market closes. Members of the Company's management team plan to host a live conference call and webcast at 4:30 p.m. Eastern Time on that day to discuss the financial results as well as management's outlook for the business. The conference call may be accessed in the United States by dialing +1.877.692.8955 and using access code 825879. The conference call may be accessed outside of the United States by dialing +1.234.720.6979 and using the
Q4 Revenue of $21.8 million, up 4% year-over-year Q4 Ending ARR1 of $75.0 million, up 120% year-over-year Q4 Ending RPO2 of $240.5 million, up 66% year-over-year Q4 Ending Evolv Express® subscriptions of 4,505, up 99% year-over-year Evolv Technology (NASDAQ:EVLV), the leading security technology company pioneering AI-based weapons detection to create safer experiences, today announced financial results for the quarter and year ended December 31, 20233 and issued its outlook for 2024. Results for the Fourth Quarter of 2023 Total revenue for the fourth quarter of 2023 was $21.8 million, an increase of 4% compared to $20.9 million for the fourth quarter of 2022. Annual Recurri
–Evolv Welcomes Proven High-Tech Public Company CFO as Company Enters New Stage of Growth– Evolv Technologies Holdings, Inc. (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to help create safer experiences, today announced the appointment of Mr. Chris Kutsor as Chief Financial Officer. The appointment will be effective one business day following the filing of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250423812661/en/Chris Kutsor, Chief Financial Officer "We are thrilled to welcome Chris to our le
Evolv brings advanced fan-friendly screening experience to Cosm's initial sites in Los Angeles and Dallas Evolv Technologies Holdings, Inc. (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today announced that it recently entered a partnership with Cosm, the immersive entertainment company pioneering news ways to experience sports and entertainment content. The partnership brings Evolv's advanced Express® systems to Cosm's first two locations, in the Los Angeles and Dallas metro areas. Express will be used to help deliver the secure, fast, and convenient entry screening process at the Cosm sites for major events that p
Oracle Park upgrades Evolv Express systems initially deployed in 2021 to a new fleet, becoming the first professional sports team to renew its four-year subscription Evolv Technologies Holdings, Inc. (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to help create safer experiences, today announced an extended and expanded relationship with the San Francisco Giants. Under the new agreement, which will see Evolv designated as a Proud Partner of the team, the existing fleet of 20 Evolv Express security systems will be swapped for Evolv's latest Gen2 units offering enhanced mobility and easier deployment. Evolv Express systems have been used to screen
FTC-Related Cancellation Period Closes as Value of Evolv Express to Education Customers Remains Strong ARR2 and Unit Impact of Cancellation Program Minimal, Currently Estimated at $445 thousand and 24 Units, respectively Evolv Remains Committed to Innovation, Integrity and Customer Trust Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) (the "Company"), a leading security technology company pioneering AI-based solutions designed to help create safer experiences, today announced the expiration of the previously disclosed 60-day cancellation period, under which a limited number of the Company's K-12 education customers could cancel the remainder of their subscription contracts with the Compa
Ballpark-wide utilization of Evolv Express® expands upon initial 2024 deployment; A dozen pro baseball teams partner with Evolv for fan screening as season openers kick off Evolv Technologies Holdings, Inc. (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to help create safer experiences, today announced that its Evolv Express® weapons detection systems will be deployed at entrances at T-Mobile Park, home of Major League Baseball's Seattle Mariners, for the team's 2025 Opening Day. The ballpark-wide deployment represents an expansion of the relationship between Evolv and the Mariners, which began with a partial Express deployment in September 2024
Evolv Express® to be deployed at all main gates for improved entry process into the Harrison, NJ-based sports and entertainment venue Evolv Technologies Holdings, Inc. (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to help create safer experiences, today announced that it recently entered a business partnership with Sports Illustrated Stadium, home of Major League Soccer's New York Red Bulls. The partnership, through which Evolv has been designated as the Stadium's "Official Fan Screening Partner," will include deployment of Evolv Express® systems at the Stadium's main entrances. In addition to fan screening, Express will also be used at staff
Evolv Technologies Holdings, Inc. (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today announced the appointment of Richard Shapiro to its Board of Directors, effective February 3, 2025. Shapiro will also serve on the Board's Audit Committee. Shapiro has nearly three decades of investment management experience. Since 2021, Shapiro has served as the Founder and Chief Investment Officer of Ridge Run Partners, LLC, a family office firm. Previously, Shapiro served as Portfolio Manager at Millennium Management, a multi-billion dollar hedge fund, where he was focused on equity investments and was a Partner at Wexford Capi
– Company Welcomes 20 Year Motorola Sales Leader to Drive and Accelerate Revenue Growth – Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) (the "Company" or "Evolv Technology"), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today announced the appointment of Mr. Robert E. Marshall, Jr. to the position of Chief Revenue Officer, effective February 3, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250124101173/en/Mr. Robert E. Marshall, Jr. (Photo: Business Wire) Mr. Marshall will assume global responsibility for the Company's sales and service operations with a pri
Evolv Earns Two Awards on Built In's Best Places to Work List Built In announced that Evolv Technology was honored in its 2025 Best Places To Work Awards. Specifically, Evolv earned a place on both the ‘100 Best Midsize Places to Work in Boston' and the ‘100 Best Places to Work in Boston' 2025 lists. The annual awards program includes companies of all sizes, from startups to those in the enterprise, and honors both remote-first employers as well as companies in large tech markets across the U.S. "We're thrilled to be honored for the culture and benefits we offer employees as we work towards our mission of helping to keep people and places safer," said John Kedzierski, President and CE
Evolv Technology ("Evolv" or the "Company") (NASDAQ:EVLV), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today announced that its Board of Directors (the "Board") has appointed John Kedzierski as the Company's new Chief Executive Officer, President and as a member of the Board, effective December 16, 2024. Mr. Kedzierski will succeed Michael Ellenbogen, who has been serving as the Company's Interim President and Chief Executive Officer since October. Mr. Ellenbogen will continue to serve as the Company's Chief Innovation Officer and a member of the Board. This press release features multimedia. View the full release here: https://
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