STOCK TITAN
  1. Home
  2. News
  3. EVLV

Evolv Technologies Holdings, Inc. - EVLV STOCK NEWS

Welcome to our dedicated page for Evolv Technologies Holdings news (Ticker: EVLV), a resource for investors and traders seeking the latest updates and insights on Evolv Technologies Holdings stock.

Evolv Technologies Holdings, Inc. (symbol: EVLV) is a pioneering company that leverages advanced technology to enhance public safety. Specializing in AI-based, touchless security screening systems, Evolv Technology develops innovative solutions that combine artificial intelligence software, cloud services, and state-of-the-art sensors. These systems are designed to detect potential threats such as dangerous weapons while ignoring harmless everyday items like cell phones, laptops, and keys.

Our products are utilized across various industries including casinos, industrial workplaces, schools, and ticketed venues, ensuring the safety and security of numerous public and private spaces. We primarily offer our products under a multi-year security-as-a-service subscription model, which not only delivers continuous value to our clients but also provides predictable revenue streams and opportunities for expansion and upsell.

Backed by notable investors such as Bill Gates, General Catalyst Partners, and Lux Capital, Evolv Technology is dedicated to addressing modern security and operational challenges through high-performance, cost-effective, and unobtrusive solutions. Our mission is to create products that significantly impact the safety of our communities and are easy to integrate into everyday operations.

Recent achievements include the development of new sensor technologies and enhancements to our AI algorithms, which have further improved the accuracy and efficiency of our security screening systems. We continue to work on several innovative projects aimed at expanding our product offerings and entering new markets.

Evolv Technology's commitment to innovation and safety makes it a significant player in the security technology industry, constantly pushing the boundaries to create safer environments for all.

News

Evolv Technology Chosen as ASM Global’s Preferred Patron Screening Technology Provider

Rhea-AI Summary
Evolv Technology (NASDAQ: EVLV) has partnered with ASM Global, the world's leading venue management company, to provide AI-based screening for patron screening in North America. The partnership aims to enhance the guest experience at over 350 prestigious arenas, stadiums, and convention centers. Early results show an 11% increase in arrival efficiency and a 13-point increase in NPS score for venues integrating Evolv Express vs. existing averages.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.79%
Tags
none
-
News

Partnership with Evolv Technology a Slam Dunk for Houston’s Toyota Center

Rhea-AI Summary
Evolv Technology (NASDAQ: EVLV) announced a partnership with Toyota Center, home of the NBA’s Houston Rockets, to provide weapons detection systems. The installation of Evolv Express® systems allows for faster and safer screening of fans entering the arena, with Toyota Center becoming the seventh NBA arena to partner with Evolv. The success of the technology is evidenced by close to 50 professional U.S. sports teams now using Evolv. Since the launch of Evolv Express in 2019, over 1 billion people have been screened, making it a significant player in the security technology industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.23%
Tags
partnership
-
News

Healthcare Leaders Turn to New Screening Technology to Address Workplace Violence

Rhea-AI Summary
Evolv Technology (NASDAQ: EVLV) continues to see growth in the healthcare sector as hospital leaders add advanced weapons detection to their safety plans, with over 70% of workplace violence taking place in a healthcare setting. The Express® concealed weapons detection system is being used in more than 250 hospital buildings to screen over 400,000 hospital visitors every day, compared to just 40,000 a year ago. The system has proven to be successful, with over 1,000 weapons being detected at Windsor Regional Hospital and over 500 guns and 200 knives being stopped at Temple University Health.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
Tags
none
News

Evolv Technology to Present at 26th Annual Needham Growth Conference

Rhea-AI Summary
Evolv Technology (NASDAQ: EVLV) announced that its President and CEO, Peter George, and CFO, Mark Donohue, will present at the 26th Annual Needham Growth Conference on January 18, 2024. The webcast will be available on the company's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.11%
Tags
conferences
-
News

Evolv Technology to Release Fourth Quarter Financial Results on February 29, 2024

Rhea-AI Summary
Evolv Technology (NASDAQ: EVLV) will release its financial results for the fourth quarter of 2023 on Thursday, February 29, 2024, after the market closes. A live conference call and webcast will be hosted by the management team at 4:30 p.m. Eastern Time on that day to discuss the financial results and management’s outlook for the business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.27%
Tags
earnings
-
News

Pennsylvania Security Leaders Turn to Evolv as Safety Partner

Rhea-AI Summary
Evolv Technology (NASDAQ: EVLV) has seen a 10x increase in the number of visitors screened at Pennsylvania venues since 2022, partnering with venues in nearly every state across the U.S. The company's state-of-the-art Express® system is an important layer in a safety plan, with over 100,000 visitors screened daily across PA schools, stadiums, and hospitals. Evolv's technology is used by more than 600 customers worldwide, including over 40 major league sports teams, schools, hospitals, iconic venues, arenas, and leading theme parks.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.52%
Tags
none
News

Jacksonville Jaguars Score With Evolv Technology Partnership

Rhea-AI Summary
Evolv Technology (NASDAQ: EVLV) announced a partnership with the NFL's Jacksonville Jaguars to use its AI-based Evolv Express® screening solution at their home field, EverBank Stadium, and at Daily's Place, a multi-use complex adjacent to the football field. The solution, also used at VyStar Veterans Memorial Arena, is managed by ASM Global - Jacksonville. The technology, screening over 1 million fans on any given Sunday, uses AI and sensor technology to provide accurate threat detection, reducing lines and allowing guests to enter the stadium quickly.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.12%
Tags
partnership
-
News

Denver’s Ball Arena Opens 2023-2024 Season with Evolv Technology

Rhea-AI Summary
Evolv Technology (NASDAQ: EVLV) expands partnership with Kroenke Sports & Entertainment to introduce Evolv Express® screening solution at Ball Arena for the 2023-2024 NBA, NHL, NLL, concert, and event seasons. The state-of-the-art AI-based weapons detection security screening system is set to enhance safety and visitor experience by reliably and quickly detecting threats while reducing wait times for fans. The partnership further solidifies Evolv's presence across all professional sports properties owned by KSE, demonstrating the company's commitment to providing superior fan experiences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.23%
Tags
none
-
News

Evolv Technology Announces Appointment of Chief Marketing Officer

Rhea-AI Summary
Evolv Technology (EVLV) appoints Courtney Cunnane as Chief Marketing Officer to accelerate growth and meet increasing demand for AI-based security screening. With a background in growth marketing and technology, Cunnane's expertise is expected to drive the company to its next level of expansion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.74%
Tags
management
News

Evolv Technology Surpasses One Billion Visitors Screened

Rhea-AI Summary
Evolv Technology (NASDAQ: EVLV) has extended its leadership in AI-based weapons detection security screening, surpassing 1 billion visitors screened, detecting nearly 300,000 guns and knives, and averaging over 2 million people screened per day. The company's non-intrusive screening process and trusted customer partnerships have solidified its industry-leading position in making places safer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.17%
Tags
none

FAQ

What is the current stock price of Evolv Technologies Holdings (EVLV)?

The current stock price of Evolv Technologies Holdings (EVLV) is $3.09 as of November 22, 2024.

What is the market cap of Evolv Technologies Holdings (EVLV)?

The market cap of Evolv Technologies Holdings (EVLV) is approximately 498.6M.

What does Evolv Technologies Holdings, Inc. specialize in?

Evolv Technologies specializes in AI-based, touchless security screening systems designed to detect dangerous weapons while ignoring harmless items.

What industries use Evolv Technology's products?

Evolv Technology's products are used in industries such as casinos, industrial workplaces, schools, and ticketed venues.

How does Evolv Technologies offer its security solutions?

Evolv Technologies offers its security solutions primarily under a multi-year security-as-a-service subscription model, ensuring ongoing value and predictable revenue.

Who are some of the notable investors backing Evolv Technologies?

Notable investors include Bill Gates, General Catalyst Partners, and Lux Capital.

What are the recent achievements of Evolv Technologies?

Recent achievements include advancements in sensor technologies and AI algorithms, improving the accuracy and efficiency of security screening systems.

What is the mission of Evolv Technologies?

Evolv Technologies aims to deliver high-performance, cost-effective security solutions that enhance public safety without disrupting everyday operations.

How does Evolv Technologies' AI-based system work?

The AI-based system uses advanced sensors and cloud services to detect dangerous weapons while ignoring harmless everyday items.

What type of pricing model does Evolv Technologies use?

Evolv Technologies uses a multi-year security-as-a-service subscription pricing model.

What sets Evolv Technologies apart from other security companies?

Evolv Technologies' innovation in touchless security screening, backed by AI and cloud services, sets it apart from traditional security solutions.

Why is Evolv Technologies considered a significant player in the security technology industry?

Evolv Technologies is considered significant due to its continuous innovation, notable investor backing, and effective solutions that address modern security challenges.

Stock EVLV logo
Evolv Technologies Holdings, Inc.

Nasdaq:EVLV

EVLV Rankings

#3130 Ranked by Market Cap
N/A Ranked by Dividends

EVLV Stock Data

498.65M
130.33M
17.08%
61.48%
8.69%
Security & Protection Services
Computer Peripheral Equipment, Nec
Link
United States of America
HOUSTON