Evolv Technology is the world’s leading provider of weapons detection security screening systems that enhance safety without sacrificing the visitor, student and employee experience. Built on top of its Evolv Cortex AI™ software platform, the company provides an array of AI touchless screening technologies for weapons detection, identity verification and health-related threats. Led by a team of security industry leaders with a track record for delivering first-to-market products, Evolv’s investors include Bill Gates, Florida Governor Jeb Bush’s firm, Finback Investment Partners, DCVC, General Catalyst Partners, Lux Capital, SineWave Ventures, Motorola Solutions and STANLEY Ventures. The company’s strategic channel partners include Motorola Solutions, STANLEY Security and Johnson Controls. Evolv Express® has earned industry accolades such as the 2020 Edison Awards™, two Campus Safety 2020 BEST Awards, Campus Security & Life Safety magazine’s Secure Campus 2020 Awards and Best Places to Work by Inc. Magazine and Built in Boston.
Company profile
Ticker
EVLV, EVLVW
Exchange
Website
CEO
Kevin M. Charlton
Employees
Location
Fiscal year end
Industry (SIC)
Xerox • Logitech International • Fortinet • Corsair Gaming • Palo Alto Networks • Stratasys • Forescout • Mandiant • Identiv • Markforged Holding ...
Former names
NewHold Investment Corp.
SEC CIK
Corporate docs
Subsidiaries
Evolv Technologies, Inc. • Evolv Technology UK Ltd. • Give Evolv LLC ...
EVLV stock data
Latest filings (excl ownership)
8-K
Evolv Technology Announces $75 Million in Non-Dilutive Debt Financing with Silicon Valley Bank
21 Dec 22
10-Q
2022 Q3
Quarterly report
9 Nov 22
8-K
Evolv Technology Reports Record Third Quarter Financial Results
9 Nov 22
EFFECT
Notice of effectiveness
1 Nov 22
8-K
Departure of Directors or Certain Officers
31 Oct 22
POS AM
Prospectus update (post-effective amendment)
27 Oct 22
UPLOAD
Letter from SEC
7 Oct 22
CORRESP
Correspondence with SEC
21 Sep 22
424B3
Prospectus supplement
7 Sep 22
8-K
Departure of Directors or Certain Officers
7 Sep 22
Latest ownership filings
Financial summary
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| Annual (USD) | Dec 21 | Dec 20 | |
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| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 219.17 mm | 219.17 mm | 219.17 mm | 219.17 mm | 219.17 mm | |
| Cash burn (monthly) | 8.06 mm | 9.60 mm | 8.87 mm | 7.98 mm | 2.16 mm | |
| Cash used (since last report) | 34.05 mm | 40.55 mm | 37.44 mm | 33.70 mm | 9.14 mm | |
| Cash remaining | 185.13 mm | 178.63 mm | 181.74 mm | 185.47 mm | 210.04 mm | |
| Runway (months of cash) | 23.0 | 18.6 | 20.5 | 23.2 | 97.1 | |
Institutional ownership, Q3 2022
83.7% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 114 |
| Opened positions | 19 |
| Closed positions | 12 |
| Increased positions | 37 |
| Reduced positions | 23 |
| 13F shares | Current |
|---|---|
| Total value | 214.76 mm |
| Total shares | 120.98 mm |
| Total puts | 0.00 |
| Total calls | 492.80 k |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Gates William H Iii | 15.05 mm | $0.00 |
| General Catalyst Group Management | 13.30 mm | $28.19 mm |
| General Catalyst Group Management Holdings GP | 13.30 mm | $59.30 mm |
| Finback Evolv | 11.18 mm | $0.00 |
| Data Collective IV | 10.60 mm | $0.00 |
| Data Collective IV GP | 10.60 mm | $22.48 mm |
| Lux Venture Partners III | 7.37 mm | $21.16 mm |
| Edge Capital | 5.52 mm | $11.70 mm |
| Magnetar Financial | 5.11 mm | $10.53 mm |
| BLK Blackrock | 5.11 mm | $10.82 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 27 Jan 23 | Anil Chitkara | Class A Common Stock | Sell | Dispose S | No | Yes | 3 | 50,000 | 150.00 k | 1,097,972 |
| 27 Jan 23 | Anil Chitkara | Class A Common Stock | Option exercise | Acquire M | No | No | 0.24 | 50,000 | 12.00 k | 1,147,972 |
| 27 Jan 23 | Anil Chitkara | Stock Option Class A Common Stock | Option exercise | Dispose M | No | No | 0.24 | 50,000 | 12.00 k | 1,159,078 |
| 5 Jan 23 | Anthony John DeRosa | Class A Common Stock | Sell | Dispose S | No | No | 2.37 | 1,102 | 2.61 k | 1,398 |
| 5 Jan 23 | Mark Donohue | Class A Common Stock | Sell | Dispose S | No | No | 2.37 | 388 | 919.56 | 612 |
| 5 Jan 23 | Anil Chitkara | Class A Common Stock | Sell | Dispose S | No | No | 2.37 | 963 | 2.28 k | 1,097,972 |
| 5 Jan 23 | Michael Ellenbogen | Class A Common Stock | Sell | Dispose S | No | No | 2.37 | 963 | 2.28 k | 2,858,874 |
News
Evolv Technologies Granted U.S. Patent #11568734: Personnel Inspection With Threat Detection And Discrimination
31 Jan 23
TSMC, CommScope Holding And Other Big Stocks Moving Higher On Thursday
12 Jan 23
12 Information Technology Stocks Moving In Friday's Pre-Market Session
23 Dec 22
Dow Dips 600 Points; AMC Entertainment Shares Plunge
22 Dec 22
Why AMC Entertainment Shares Are Trading Lower By Around 13%? Here Are 59 Stocks Moving In Thursday's Mid-Day Session
22 Dec 22
Press releases
HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Evolv Technologies Holdings (EVLV) Investors to Contact Firm's Attorneys, Firm Investigating Possible Securities Law Violations
2 Feb 23
Niagara Falls City School District Prioritizes Learning Through Up Leveling Security for More Than 6,000 Students, Faculty and Staff with Evolv Technology
26 Jan 23
Evolv Technology® Works with James Island Charter High School to Help Make Safer Classrooms and Athletic Facilities
19 Jan 23
Evolv Technology® Named A 2023 Best Place to Work By Built In
18 Jan 23
Evolv Technology® Named Official Fan Screening Provider of Bridgestone Arena
11 Jan 23