Evolv Technologies Holdings, Inc. (EVLV) shares jumped 15.5% in early Friday trading after the AI-powered contactless security screening system provider raised its 2025 revenue growth forecast to 27%-30% while continuing to advance its direct sales strategy.
The company reported second-quarter revenue of $32.5 million, representing a 29% year-over-year increase and marking the third consecutive quarter of positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA).
Evolv Technologies Holdings is actively working to expand its customer base and enhance its product portfolio.
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