Loading...
•
Jun 30, 2021
Evolv Q2 2021 Earnings Report
Reported strong second quarter results with significant revenue growth and increased demand.
Key Takeaways
Evolv Technology reported a 590% increase in revenue for the second quarter of 2021, reaching $4.5 million compared to $0.6 million in the same period last year. The company's TCV of orders booked also saw a substantial increase of 361%, amounting to $10.9 million. However, the GAAP net loss increased to $22.4 million, or $0.71 per share.
Revenue increased by 590% to $4.5 million compared to Q2 2020.
TCV of orders booked increased by 361% to $10.9 million compared to Q2 2020.
GAAP net loss was $22.4 million, or $0.71 per share.
Cash and cash equivalents totaled $10.0 million as of June 30, 2021.
Forward Guidance
The Company issued its full year outlook for TCV of orders booked and total revenue. The Company’s outlook is based on the current indications for its business, which may change at any time.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...