Evolv reports Q3 EPS (1c), consensus (3c)

Reports Q3 revenue $42.85M, consensus $33.68M. “We made meaningful progress across many key measures of the business in the third quarter-including subscribers, revenue, and annual recurring revenue, as well as important indicators of profitability and liquidity,” said John Kedzierski, President and Chief Executive Officer of Evolv (EVLV) Technology. “Through strong new customer acquisition and expanding deployments with existing customers, we continue to deliver real-world impact at scale-screening millions of visitors every day across over 1,000 customers. Looking ahead, we’re encouraged by the growing demand for our solutions and are confident in our ability to close the year with momentum as we advance on our goal of building a high-growth, profitable, and cash-generative business.”