11:04 AM EST, 01/23/2025 (MT Newswires) -- Evolv Technologies ( EVLV ) said Thursday its preliminary Q4 estimates showed more than 6,000 Evolv Express deployments globally, with the activation of about 470 new multi-year subscriptions.

The security technology company also said it expected around $52 million in cash, cash equivalents, marketable securities and restricted cash as of Dec. 31, with no outstanding debt.

As of Thursday, Evolv ( EVLV ) said no customers had used their contract cancellation rights granted under a settlement previously reached with the US Federal Trade Commission. Most of these cancellation rights are set to expire by March 14, the company added.

Meanwhile, the company said it submitted on Jan. 17 a plan to regain Nasdaq compliance after its delayed 10-Q filing for the quarter ended September 2024.

Shares of Evolv Technologies ( EVLV ) were up more than 14% in recent Thursday trading.

Price: 3.70, Change: +0.48, Percent Change: +14.75