Overview

* Evolv Technologies ( EVLV ) Q2 revenue grows 29%, beating analyst expectations, per LSEG data

* Adjusted EPS for Q2 beats consensus

* Co raises 2025 revenue growth outlook to 27%-30%

Outlook

* Evolv ( EVLV ) expects 2025 revenue between $132 mln and $135 mln

* Company anticipates 2025 revenue growth of 27% to 30%

* Evolv ( EVLV ) aims for positive full-year Adjusted EBITDA in 2025

* Company expects to be cash flow positive in Q4 2025

Result Drivers

* CUSTOMER ACQUISITION - Co attributes revenue growth to strong customer acquisition and expansion

* AI SOLUTIONS - Increased market trust in AI-based security solutions contributed to results, per CEO John Kedzierski

* RECURRING REVENUE - ARR rose 27% to $110.5 mln, reflecting a solid subscription base

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $32.50 $30.90

Revenue mln mln (4

Analysts

)

Q2 Beat -$0.02 -$0.04

Adjusted (2

EPS Analysts

)

Q2 Net -$40.50

Income mln

Q2 $110.50

Annual mln

Recurrin

g

Revenue

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the communications & networking peer group is "buy"

* Wall Street's median 12-month price target for Evolv Technologies Holdings Inc ( EVLV ) is $7.50, about 0.1% above its August 13 closing price of $7.49

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)