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Dec 31, 2021
Evolv Q4 2021 Earnings Report
Reported strong fourth quarter results highlighted by a record number of new customers and continuing momentum.
Key Takeaways
Evolv Technology reported strong Q4 2021 results with a 236% increase in revenue to $6.8 million compared to Q4 2020. The company also saw a 201% increase in Total Contract Value to $17.9 million and a 220% increase in Annual Recurring Revenue to $12.9 million. Net income for the quarter was $2.5 million, or $0.02 per share, compared to a net loss of $9.6 million, or $1.06 per share, for the fourth quarter of 2020.
Total revenue for the fourth quarter of 2021 was $6.8 million, an increase of 236% compared to $2.0 million for the fourth quarter of 2020.
Total Contract Value of orders booked for the fourth quarter of 2021 was $17.9 million, an increase of 201% compared to $6.0 million in the fourth quarter of 2020.
Annual Recurring Revenue was $12.9 million at the end of fourth quarter of 2021, an increase of 220% compared to $4.0 million in the fourth quarter of 2020.
Net income for the fourth quarter of 2021 was $2.5 million, or $0.02 per basic and diluted share, compared to net loss of $9.6 million, or $1.06 per basic and diluted share, for the fourth quarter of 2020.
Forward Guidance
The Company today issued its business outlook for 2022. The Company's outlook is based on the current indications for its business, which may change at any time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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