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Dec 31, 2024
Evolv Q4 2024 Earnings Report
Reports Fourth Quarter and Full Year 2024 Financial Results
Key Takeaways
Evolv Technology reported a 41% year-over-year increase in Q4 2024 revenue to $29.1 million, achieving positive adjusted EBITDA. The company also completed the restatement of previously issued financial statements, regaining compliance with SEC reporting and NASDAQ listing requirements.
Q4 2024 revenue increased by 41% year-over-year to $29.1 million.
Achieved positive Adjusted EBITDA of $0.4 million in Q4 2024.
Completed restatement of financial statements and regained compliance with SEC and NASDAQ.
Ending ARR reached $99.4 million, up 39% year-over-year.
Evolv
Evolv
Evolv Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comSubscription Revenue
CapyFin.comService Revenue
CapyFin.comLicense Fee and Other Revenue
CapyFin.com Forward Guidance
Looking ahead, the company is focused on disciplined execution, transparent communication, and compliance, believing they are well-positioned for the next phase of growth.
Positive Outlook
- Company is focused on disciplined execution.
- Company is committed to transparent communication.
- Company is unwavering in its commitment to best-in-class compliance.
- Restatement and FTC resolution are now behind the company.
- Profitability goals achieved six months ahead of schedule.
Revenue & Expenses
Visualization of income flow from segment revenue to net income