Evolv Technologies Q2 revenue up 29%, beats estimates
Overview
Evolv Technologies Q2 revenue grows 29%, beating analyst expectations, per LSEG data
Adjusted EPS for Q2 beats consensus
Co raises 2025 revenue growth outlook to 27%-30%
Outlook
Evolv expects 2025 revenue between $132 mln and $135 mln
Company anticipates 2025 revenue growth of 27% to 30%
Evolv aims for positive full-year Adjusted EBITDA in 2025
Company expects to be cash flow positive in Q4 2025
Result Drivers
CUSTOMER ACQUISITION - Co attributes revenue growth to strong customer acquisition and expansion
AI SOLUTIONS - Increased market trust in AI-based security solutions contributed to results, per CEO John Kedzierski
RECURRING REVENUE - ARR rose 27% to $110.5 mln, reflecting a solid subscription base
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $32.50 mln | $30.90 mln (4 Analysts) |
Q2 Adjusted EPS | Beat | -$0.02 | -$0.04 (2 Analysts) |
Q2 Net Income |
| -$40.50 mln |
|
Q2 Annual Recurring Revenue |
| $110.50 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the communications & networking peer group is "buy"
Wall Street's median 12-month price target for Evolv Technologies Holdings Inc is $7.50, about 0.1% above its August 13 closing price of $7.49
Press Release: ID:nBwbFvTmza
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