Evolv Technologies Holdings ( (EVLV) ) has shared an announcement.
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Evolv Technology has announced a delay in filing its quarterly financial report due to an internal investigation revealing inaccuracies in revenue recognition. Certain financial statements from 2022 to mid-2024 should not be relied upon, as sales to channel partners involved undisclosed terms impacting reported revenue. The company is working with outside experts to amend affected financial statements and has self-reported the issue to the SEC, while ensuring stakeholders of its commitment to accurate disclosures and strong business fundamentals.
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