Evolv Shares Climb After 1Q Preliminary Sales Beat

Dow Jones

05/16

By Katherine Hamilton

Shares of Evolv Technologies rose after the company shared preliminary results for the first quarter and said it was still in compliance with the Securities and Exchange Commission despite delayed filings.

The stock gained 20% to $5.02 on Friday, at one point touching a 52-week high of $5.25. Shares are up 27% this year.

The Waltham, Mass., security-technology provider on Friday said it expects first-quarter revenue to be about $31 million to $32 million. That would be ahead of the $28 million projected by analysts, according to FactSet.

Evolv said it will post a final first-quarter earnings release on May 20. It also filed a notification of late filing for that report, which provides for additional time to file while the company remains in compliance with SEC requirements.

The company had to file a restatement of some previous financial reports, which put pressure on management's time and ability to file the first-quarter report, Evolv said.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

May 16, 2025 11:37 ET (15:37 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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