Core Insights - Evolv Technologies Holdings, Inc. is a 12-year-old security technology company that specializes in AI-powered screening and analytics solutions, having started selling its products and services in 2019 [1] Company Overview - Evolv Technologies focuses on providing advanced security solutions that leverage artificial intelligence for screening and analytics [1]

Core Insights - Xtract One Technologies Inc. reported a record backlog of over $53 million, indicating strong revenue growth potential for fiscal 2026 and beyond [3] - The company successfully ramped up the commercial deployment of its Xtract One Gateway, with new bookings totaling $5.1 million from seven customers in the first quarter [3] - A public offering raised gross proceeds of over $11.5 million, enhancing the company's capacity to meet customer demand and invest in business development [3] Financial Performance - Consolidated revenue for the first quarter ended October 31, 2025, was $4.6 million, up from $3.6 million in the same period last year, driven by the initial commercial deployments of Xtract One Gateway [4][6] - Gross profit was $2.7 million, with a gross profit margin of 58%, compared to $2.3 million and a margin of 64% in the prior-year period, due to higher initial production and installation costs [4][6] - Comprehensive loss for the quarter was $3.0 million, slightly higher than the $2.7 million loss in the same period last year, primarily due to unrealized foreign currency translation adjustments [5][6] Operational Highlights - The total contract value of new bookings reached $8.4 million for the quarter, compared to $4.2 million in the prior-year period [6] - Contractual backlog at the end of the first quarter was $14.1 million, a slight increase from $14.0 million in the previous year, excluding an additional $39.1 million in agreements pending installation [6] - The company is working with its manufacturing partner to increase production capacity to meet current and forecasted demand for Xtract One Gateway by the end of the second quarter of fiscal 2026 [3] Cash Flow and Financial Position - Cash and cash equivalents increased to $9.1 million as of October 31, 2025, from $8.2 million at the end of the previous quarter [17][18] - The company reported cash used in operating activities of $1.2 million for the quarter, an improvement compared to $1.95 million in the same period last year [18] - Total assets as of October 31, 2025, were $23.7 million, up from $23.4 million at the end of July 2025 [17]

Core Viewpoint - ScanTech AI Systems Inc. is facing potential delisting from the Nasdaq Global Market due to non-compliance with listing requirements, specifically the market value of listed securities and timely filing of financial reports [1][2][4]. Group 1: Nasdaq Delisting Notification - On November 26, 2025, Nasdaq notified ScanTech AI that its securities are subject to delisting due to failure to meet the minimum market value requirement of $50 million for 30 consecutive trading days [1][2]. - The company was given until November 23, 2025, to regain compliance but did not do so, leading to the delisting notice [2]. - If the company does not request a hearing by December 3, 2025, trading of its common stock will be suspended on December 5, 2025 [2]. Group 2: Compliance Actions - ScanTech AI has requested a hearing before the Nasdaq Hearings Panel and paid the associated fee, which will provide a 15-day stay of suspension related to the periodic reporting rule violation [3]. - The company intends to present a comprehensive compliance plan at the hearing to address both the market value and filing status issues [3]. Group 3: Financial Reporting Issues - The company failed to timely file its Quarterly Reports on Form 10-Q for the periods ended June 30, 2025, and September 30, 2025, which is a separate basis for delisting [4]. - Since the notice, ScanTech AI has filed its amended Form 10-Q for the quarter ended March 31, 2025, and is finalizing the Form 10-Q for the quarter ended September 30, 2025 [4]. Group 4: Listing Transfer Application - Prior to receiving the delisting notice, ScanTech AI submitted an application to transfer its listing to the Nasdaq Capital Market, where the minimum market value requirement is $35 million [5]. - This application is currently under review and does not affect the company's day-to-day operations [5]. Group 5: Company Overview - ScanTech AI Systems Inc. specializes in advanced AI-powered security screening and imaging systems, utilizing proprietary technology to detect hazardous materials and contraband [6]. - The company's solutions are designed for high-security environments such as airports, seaports, and government buildings [6].

Atlanta, GA, Nov. 28, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (Nasdaq: STAI), a developer of advanced AI-powered security screening and imaging systems, today announced that it has filed restated financial statements for the quarter ended March 31, 2025 (Q1 2025) and reviewed financial statements for the quarter ended June 30, 2025 (Q2 2025) with the U.S. Securities and Exchange Commission (SEC). The filings were completed under the oversight of the Company’s new i ...

Core Viewpoint - The Department of Homeland Security's (DHS) $1 billion modernization plan for Transportation Security Administration (TSA) infrastructure highlights the urgent need for advanced screening technologies, which Liberty Defense is well-positioned to provide [1][2][4]. Group 1: Modernization Initiative - The DHS plan aims to refresh aging screening systems, including new advanced imaging technology (AIT) and upgraded X-ray equipment, to enhance aviation security and passenger experience [2][3]. - This initiative is one of the most significant investments in airport screening technology in over a decade, emphasizing the need for technological advancement in national security [1][2]. Group 2: Company Positioning - Liberty Defense supports the DHS initiative, viewing it as a reflection of the growing demand for innovative threat-detection systems that can efficiently identify concealed weapons [3][4]. - The company's technologies, including the HD-AIT upgrade kit and HEXWAVE™ system, are designed to meet modern security demands by providing contactless screening solutions capable of real-time detection of both metallic and non-metallic threats [3][4]. Group 3: Market Implications - The DHS announcement is seen as a major catalyst for the security technology market, presenting an opportunity for accelerated adoption of modern screening systems across various high-traffic venues [4]. - Liberty Defense's commitment to enhancing security through advanced detection solutions aligns with the urgent need for next-generation technologies in the current threat environment [4][5].

Atlanta, GA, Nov. 25, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (Nasdaq: STAI), a developer of advanced AI-powered security screening and imaging systems, today announced a strategic partnership with unival group, a global leader in security systems integration headquartered in Bonn, Germany. The partnership combines ScanTech AI’s SENTINEL® CT security platform—featuring multi-angle computed tomography, AI-based automatic threat detection, and real-time analytics, wi ...

Core Insights - OSI Systems, Inc. has announced a $20 million order from an international customer for a radiological threat detection solution [1] - The solution will support the deployment of a radiation monitoring network designed to detect radioactive threats over a wide area [1] - The integrated network is expected to operate continuously for effective monitoring [1]

Core Viewpoint - ScanTech AI Systems Inc. has announced a non-binding term sheet with ARC Group International Ltd. for a proposed $20 million subordinated convertible note facility financing, aimed at enhancing liquidity and supporting growth objectives [1][4]. Financing Details - The proposed financing includes access to up to $6 million upon initial closing, with subsequent tranches of $2 million available every forty-five trading days, contingent on certain conditions [3]. - The convertible notes will bear a 9% annual dividend and a 3% original issue discount, convertible into common stock at a price of 110% of the closing price prior to signing, with a minimum price of $1.00 per share [3]. - The term sheet also includes five-year warrants representing up to 30% of each disbursed tranche, with an exercise price based on the average closing price of the common stock prior to each tranche closing [3]. Strategic Implications - The CEO of ScanTech AI emphasized that this financing will strengthen the company's liquidity position and support the scaling of its technology platform across various sectors, including aerospace and industrial [4]. - The financing is expected to provide flexibility in managing working capital and support ongoing commercial deployments [2]. Company Overview - ScanTech AI Systems Inc. specializes in advanced AI-powered security screening and imaging systems, utilizing proprietary technology to detect hazardous materials and contraband [5]. - The company's solutions are designed for high-security environments such as airports, seaports, and government buildings, highlighting its focus on security [5].

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was $42.9 million, representing a 57% year-over-year increase, driven by strong new customer acquisition and expanded deployments [7][21] - Annual recurring revenue (ARR) reached $117.2 million, reflecting a 25% year-over-year growth [11][25] - Adjusted EBITDA was positive at $5.1 million, compared to a loss of $3 million in the same quarter last year, resulting in an adjusted EBITDA margin of 12% [28][29] - Adjusted gross margin was 51% in Q3, down from 64% in the same period last year [27][29] Business Line Data and Key Metrics Changes - The company welcomed over 60 new customers in Q3, raising the year-end estimate for active subscriptions to between 8,000 and 8,100 [12][21] - The deployment of the new autonomous AI-powered bag screening solution, Expedite, gained traction with 12 new customers added in Q3, primarily in schools [13][19] - The company reported a sequential 8% increase in remaining performance obligation (RPO), which stood just shy of $300 million at the end of Q3 [12][25] Market Data and Key Metrics Changes - The company noted strong demand across various sectors, including education, healthcare, and sports, with significant contracts signed in these markets [16][17] - The largest customer contract in the company's history, involving more than 250 units, contributed approximately $3 million in revenue in Q3 [25][30] Company Strategy and Development Direction - The company is transitioning to a direct distribution model, which is expected to enhance recurring revenue and cash flow over time [10][23] - The management emphasized the importance of ARR growth and plans to add more units in 2026 than in 2025, with expectations for ARR growth to outpace total revenue growth [22][35] - A new strategic partnership with Plexus aims to expand production capacity and operational resiliency [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's market position and the ongoing transition to a direct fulfillment model, which simplifies the buying process for channel partners [45][46] - The company raised its 2025 revenue growth outlook to 37%-40%, up from previous guidance of 27%-30% [21][29] - For 2026, the company anticipates revenue of $160 million to $165 million, with ARR expected to grow by at least 20% year-over-year [34][35] Other Important Information - The company has made significant product updates, including new software versions aimed at improving performance and user experience [19][20] - The company screened over 3 billion visitors since the launch of Evolv Express, demonstrating the impact of its technology on community safety [13][14] Q&A Session Summary Question: Can you help me understand the revenue recognition for the large contract? - Management explained that the legacy distribution model results in more upfront revenue, but they expect normalization in revenue recognition as they transition to direct fulfillment [40][41] Question: What impact do you expect from the new strategic contract manufacturer agreement? - Management anticipates cost synergies and larger scale manufacturing capabilities from the partnership with Plexus, which will eventually include all product lines [42] Question: What is the attachment rate for Expedite with Express machines? - Management reported that 11 out of 12 new Expedite customers also acquired Express, indicating strong cross-selling success [43] Question: What percentage of bookings came from existing customers? - Over 50% of bookings came from existing customers, with significant expansions noted [47] Question: Are there promising new verticals for growth? - The company sees opportunities in various sectors, including sports, entertainment, education, and healthcare, while maintaining a consistent vertical mix [48]

Core Insights - SoundThinking, Inc. reported worse-than-expected Q3 financial results, with losses of 16 cents per share compared to the analyst consensus estimate of 6 cents per share [1] - Quarterly sales were $25.100 million, missing the analyst consensus estimate of $27.953 million [1] - The company cut its FY2025 sales guidance from a range of $111 million-$113 million to $104 million [2] Financial Performance - Q3 losses were reported at 16 cents per share, missing expectations [1] - Sales for the quarter were $25.100 million, below the expected $27.953 million [1] Guidance Update - FY2025 sales guidance was revised down from $111 million-$113 million to $104 million [2] Company Developments - The company is focused on enhancing community safety through data and technology, with recent expansions in its ShotSpotter footprint and new AI capabilities [3] - The Net Promoter Score increased from 66 to approximately 70, indicating strong customer satisfaction and retention [3] Market Reaction - Following the earnings announcement, SoundThinking shares fell by 19.6%, trading at $6.78 [3] Analyst Ratings - Cantor Fitzgerald analyst maintained an Overweight rating but lowered the price target from $20 to $16 [6] - Citizens analyst also maintained a Market Outperform rating while reducing the price target from $19 to $16 [6]