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Sep 30, 2021
Evolv Q3 2021 Earnings Report
Reported strong third quarter results with record revenues and increased business outlook for 2021.
Key Takeaways
Evolv Technology reported a significant increase in revenue for Q3 2021, with total revenue reaching $8.4 million, a 473% increase compared to Q3 2020. The company's TCV of orders booked also saw a substantial rise, increasing by 365% year-over-year to $16.9 million. GAAP net income for the quarter was $23.2 million, or $0.15 per diluted share.
Total Contract Value (TCV) increased by 365% year-over-year.
Revenue increased by 473% year-over-year.
GAAP net income was $23.2 million, or $0.15 per diluted share.
The company raised its business outlook for 2021.
Revenue by Segment
Forward Guidance
The Company raised its business outlook for 2021. The Company’s outlook is based on the current indications for its business, which may change at any time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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