Core Viewpoint - Investors in Evolv Technologies Holdings, Inc. have the opportunity to lead a securities fraud class action lawsuit due to substantial losses incurred during the class period from June 28, 2021, to March 13, 2024 [1][2]. Group 1: Allegations Against Evolv - The complaint alleges that Evolv materially overstated the efficacy of its products [2] - It is claimed that the products were ineffective in detecting knives and guns, increasing the risk of undetected weapons entering sensitive locations such as schools [2] - The company is accused of deceiving the public, customers, and investors regarding the effectiveness of its products, leading to misleading positive statements about its business and operations [2] Group 2: Class Action Participation - Investors do not need to take any action at this time to be part of the class action; they may choose to retain counsel or remain absent [3] - For more information regarding the class action or any questions about rights or interests, investors can contact the Law Offices of Howard G. Smith [3]

Key PointsEvolv stock fell more than 30% on news that the company is the target of a class-action lawsuit. The news made a bad earnings report look worse than it was. The long-term viability of EVLV stock will depend on the suit's validity, which claims the company overstated its product's effectiveness.  5 stocks we like better than Evolv TechnologiesA bad week continues to get worse for Evolv Technologies Holdings Inc. NASDAQ: EVLV. The AI-based weapons detection company's stock was subject to a limit up, ...

Evolv Technologies Holdings, Inc. (EVLV) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 42.86%. A quarter ago, it was expected that this company would post a loss of $0.14 per share when it actually produced a loss of $0.11, delivering a surprise of 21.43%.Over the last four quarters, the co ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to Commission file number: 001-39417 ___________________________________ Evolv Technologies Holdings, Inc. (Exact Name of Reg ...

Waltham, Massachusetts – May 9, 2024 – Evolv Technology (NASDAQ: EVLV), the leading security technology company pioneering AI-based screening to create safer experiences, today announced financial results for the quarter ended March 31, 2024. Results for the First Quarter of 2024 Total revenue for the first quarter of 2024 was $21.7 million, an increase of 17% compared to $18.6 million for the first quarter of 2023. Annual Recurring Revenue ("ARR") was $82.5 million at the end of first quarter of 2024, an i ...

New York City is testing this innovative technology on its subway system. Here's what it means for stockholders.There is something special about seeing events live, whether you like sports, concerts, or shows. I recently visited T-Mobile Arena in Las Vegas to watch the Vegas Golden Knights take on the Detroit Red Wings, and there was something different about getting into the arena. I'll explain below.A large part of any event is security. Sadly, mass shootings have skyrocketed over the past 20 years. New Y ...

NEW YORK, April 3, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Evolv Technologies Holdings, Inc. ("Evolv Technologies" or the "Company") (NASDAQ: EVLV) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Evolv Technologies investors who were adversely affected by alleged securities fraud between June 28, 2021 and March 13, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/psl ...

Evolv Technologies Holdings, Inc. (EVLV) shares rallied 14.8% in the last trading session to close at $5.11. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 12.1% gain over the past four weeks.Evolv is benefiting from an expanding clientele. It recently inked a partnership with Dignity Health Sports Park (DHSP), home of the five-time MLS Cup Champions, the LA Galaxy. The new partnership officially kicked off ...

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leading security technology company pioneering AI-based screening to create safer experiences, today announced its partnership with Melbourne Cricket Club (MCC), the largest – and one of the oldest - sports clubs in Australia. Melbourne Cricket Ground (MCG) recently hosted the Taylor Swift Era’s Tour partnering with Evolv to help keep nearly 300,000 fans safe. The partnership marks the first deployment of Evolv Express®, a detection sc ...

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), the leading security technology company pioneering AI-based weapons detection to create safer experiences, today announced a partnership with Footprint Center to use its state-of-the-art Evolv Express® screening solution. “We are excited to partner with Footprint Center to achieve a more sophisticated security posture and elevated fan experience,” said John Baier, Evolv’s vice president of sports. “Now fans can experience that same level o ...