NEW YORK, Oct. 27, 2024 (GLOBE NEWSWIRE) -- Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Evolv Technologies Holdings, Inc. (NASDAQ: EVLV) resulting from allegations that Evolv may have issued materially misleading business information to the investing public. So What: If you purchased Evolv securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fe ...

Core Viewpoint - Evolv Technologies Holdings, Inc. is under investigation for potential violations of federal securities laws following a significant drop in its stock price due to an internal investigation revealing material misstatements in revenue recognition dating back to 2022 [1][2]. Group 1: Company Financial Issues - On October 25, 2024, Evolv Technologies announced a delay in filing its quarterly financial report due to an internal investigation [1]. - The investigation uncovered material misstatements in revenue recognition, indicating that certain financial statements from 2022 to mid-2024 should not be relied upon [1]. - Sales to channel partners, including one of Evolv's largest partners, involved undisclosed terms that impacted reported revenue [1]. Group 2: Stock Market Reaction - Following the announcement, Evolv's stock price declined by more than 40% during trading on October 25, 2024 [2]. Group 3: Legal and Representation Options - Investors in Evolv Technologies are encouraged to seek legal options and submit their information to Bleichmar Fonti & Auld LLP, which operates on a contingency fee basis [2]. - Bleichmar Fonti & Auld LLP is recognized as a leading international law firm specializing in securities class actions and shareholder litigation [2].

NEW YORK, Oct. 26, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Evolv Technologies Holdings, Inc. (NASDAQ: EVLV) resulting from allegations that Evolv may have issued materially misleading business information to the investing public. So What: If you purchased Evolv securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee ar ...

Core Viewpoint - Evolv Technologies Holdings, Inc. experienced a significant decline in share price, dropping over 40% after announcing misconduct related to sales practices and the need to restate financials for a two-year period [1][2]. Group 1: Company Financials and Misconduct - Evolv stated that it would not file its quarterly report on Form 10-Q for the quarter ended September 30, 2024, raising concerns about its financial reporting [2]. - The company made a preliminary determination that certain sales, including those to a major channel partner, were subject to extra-contractual terms and conditions, and that misconduct occurred among certain personnel [2]. - Revenue was found to have been prematurely or incorrectly recognized in financial statements for periods between Q2 2022 and Q2 2024, leading to warnings against relying on financial statements for multiple reporting periods [2]. Group 2: Market Reaction and Investigation - Following the announcement, Evolv's share price plummeted approximately 46% during intraday trading on October 25, 2024 [3]. - Hagens Berman has initiated an investigation into Evolv, focusing on whether the company intentionally misrepresented its financials and the implications of the pending restatements [3].

BOSTON, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Evolv Technologies Holdings, Inc. (Nasdaq: EVLV) for potential securities law violations. Investors who have lost money in their Evolv Technologies Holdings investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/evlv. What is this all about? Shares in Evolv Technologies Holdings have fallen on Friday, October 25, following the Company's shock ...

NEW YORK, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Evolv Technologies Holdings, Inc. (NASDAQ: EVLV) for potential violations of the federal securities laws. If you invested in Evolv Technologies, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/evolv-technologies-holdings-inc. Why Did Evolv Technologies's Stock Drop? On October 25, 2024, Evolv announced a delay in filing ...

In a challenging year for many tech stocks, Evolv Technologies (EVLV) has seen its share price plummet 18% year to date, significantly underperforming the Zacks Computer and Technology sector's return of 22.6%. This sharp decline has left investors wondering whether the current dip presents a buying opportunity or signals deeper issues for this AI-powered security screening company. Evolv Technologies, founded in 2013, has been at the forefront of modernizing security screening through its innovative use of ...

Evolv Technologies Holdings, Inc. (EVLV) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following ye ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, September 3rd: Idaho Strategic Resources, Inc. (IDR) : This explorer and developer of gold, silver, and base metal mineral resources has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 166.7% over the last 60 days. Idaho Strategic Resources' shares gained 36.5% over the last three months compared with the S&P 500's advance of 6.7%. The company possesses ...

Oleh_Slobodeniuk Introduction Evolv Technologies (NASDAQ:EVLV) is an overhyped SPAC that merged in 2021 valuing the offering at around $1.7bn. The company is backed by Bill Gate's VC firm "Gates Frontier" who remains the largest shareholder with a 12% stake. Today the business is valued at $530m running at ARR of $89m ($100m in revenue expected by year end), however the business is yet to be profitable. So what does Evolv do? Evolv provides physical security screens integrated with "AI" software (this could ...