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Mar 31, 2022
Evolv Q1 2022 Earnings Report
Reported strong first quarter results with significant revenue growth and new customer acquisition.
Key Takeaways
Evolv Technology reported a strong first quarter with a 118% increase in revenue compared to the previous year. The company's Total Contract Value and Annual Recurring Revenue also saw substantial growth. They reaffirmed their business outlook for 2022.
Total revenue increased by 118% year-over-year, reaching $8.7 million.
Total Contract Value of orders booked increased by 128% year-over-year, reaching $19.2 million.
Annual Recurring Revenue increased by 207% year-over-year, reaching $16.6 million.
The company reaffirmed its business outlook for 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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