Evolv Raises Guidance Q3 2022

***** ****** *** ****-**** ******* ** higher **** ******** ** *******, ********* stronger ****** **** *** ********* ******** and *** ********** ****** ** ******** mass *********.

*****'* ***, ***** ******, ****** *** earnings **** ** *************** *** "****" of *****'* ****** ****** *** ******** and **** *********:

At *** **** ** **** ******** ******* ****** are several key trends that I'd like to take a few moments to discuss. First, ** ********** *** ********. We all see the daily reports of mass casualty events in what should be considered weapons free zones, schools, hospitals, warehouses and houses of worship. These are the places where we gathered to learn to work, play and to live. It's in these very same places where we expect to see yet another year of tragic gun violence. In **** ***** **** ******* **** *** **** ********* every day of the year here in 2022. [emphasis added]

****** **** ******, **** ******** *** financial *******.

Q3 ******* ***** ************

** *********'* ** ***********, ***** ******** ** ******* ** $16.5M, ** **% ***. **** ** a ******** **** *** *****, ********* **** *** **** **** ******** in ******** ************ ******* **** ******* ****** ** June.

Demand **** *******

***** ********** ********** *** ********* ******* were ** ***** ********. *** ******* transaction ** **, **** $**, *** an ********* ** ********* *********** ****** District.

*** ******* *********** ** ** *** a ** **** **** ********* ***** for *** ********* *********** ****** ******** in ***** ******** ** **** *********** their **** ****** *** ******** **** Schools *** **** *** ****** *******. Within **** **** ******. **** ******** has **** **** ***** * ********* lead *** * ****** ******* ********* customer **** **** *** ****** ******* units ******** ****** ****** ** *********.

*** ****** ******** *** ******** ******* in * **** ************* (***:‘*** ***** **** ***’: ******* ** Gun-Detecting ** ******** ** ******* *** Been * ‘*******,’ ****** ****). ********,**** *********** ***** ***** ***** ******** at *** *************** ** ******** ******* ********* *** water ******* ***** ***** ***** ***** walking ******* ** ***** ******.

***** ********* ** ********* ******* ** investors *** *** ******, ********** *** demand *** ***** ** **** ** security *******:

***** ********* **** **** ****** ********* and ********* *** * ******* ** reasons ****we *** **** ****** **% ** *** ****** ******* ** *** ****** ****** ** *** **** * ***** ******** ***. **'** **% ** ******** *******. ** *******, *****'* * ****** *** ******** *** ****** ** *******. But today, no viable solution for weapons detection. Until Evolv. [emphasis added]

Raising **** ********, *** ***** ***** **** Original *******

*** ** ******* ********* ***** **** its ******** **** **** ******* ** $29M-$31M. ***********, ***** ****** *** **** guidance ** $**-$***, ******** **** **'* projected ******* ** ******** ** ***** Q3's *******:

*******, *** *** ****-**** ******* ******* ($46M-$48M) ** ***** ***** *****'* ******** 2022 ******** ** $***, ***** *** revised **** ** *****:

Channel ****** ****

***** ******* ******** ******* ******** *** * strategic ********** *** **-**-****** ********, **** *** goal *********** * **/** ***** ** ******* to ****** *****.

***** ** ******* ******** ******* ******** ********* **% of ***** ********, **** ******** ~**% ** ******* activity, ** ***** * ******** ***** with ***** *** ********* ******* ******** contributing ** **% ** "***** ********":

**'** ****** ***** ******** ****** *** dozens ** ********** ******* ********, ********* several ********* ****** ********, **** ** Johnson ********, ***** ****** ********* **********, Motorola *********. **'** **** ***** ***** our ***** ** *********** ***** *** company ** ********** *** ****** *********** with *** ********. ** ******** ** see ******** ** *** ******** **** as ****70% ** *** ***** ******** ** *** ***** ******* **** **** *** ******* ********. [emphasis added]

*****'* *** ********** ***** **** ******** *********** ** $2.3M ** *****'* ** ******* ** 14% ** *****.

*****'*2023 *******

***** *********** **** **** ******* ** focused ** *** *** **** **** will ******* ************ **** ******* **** customers.

** ***** **** ****** ** ****** deployed ***** ** *,***, *****'* ****** full-year ******* ******** *** **** ***** only ****** ******* ****** *** ** early ***** ********** *******, +**% ** year ***:

**'** ********* ******** **** **** ******** next **** ******* ** *** ** million ********** ****** ** ***** **% year **** ****.

******, **** ***** ****'* ** ****, they ********* ***% *** ****** ** 2023, ***** *** *** ** **** higher **** ******* ****, $**.** **. $46-$48M (*******):

Price ********

***** **** ******** * **** ***** increase ** ** **** ****** ** the ********* ** *** ****, ****** by "******** ** *** ******" *** inflation:

** ** *** **'** ******** ** do * ***** ******** ** ** January *. **'** ******* ****** ******* that **'** ******* ** **** ** our ******* ******* *** ** **** as ** **** **** **** **** with *** ***** ***** ** **. You ****, *** ****** *** ** isI ***** **'** **** ******, *** ****, ******** ** *** ****** for our product. We know we're entering a time where inflation has been high.[emphasis added]

Positive ****** ********

***** ****** **** ******* ** **.*%, trading ** $* * *****. **** is ***** ***** **** ***** ** Q1 *** *** ****-**** ***** ***** $10 ** ****:

Outlook **** ****

***** *** ******* ******* *** *****, in ***** ** *****, ******* *****, and ********** ** ***** ******. *******, the **** **** *** ***** *** not ******** ** **** **** (** is ***** **** **% ***** ***** public) ********* **** ********* ***** **** concerns ***** *****'* ****-**** ***********.

** *** *** * ******* ***** for ***** ***** (*) *********** **** a *** *****-****, ******* ********** *******, such ** **** ******** (****** *****'* sales *** *********, ********* *******, ** far ********) *** (*) ******* ********* of *** ******* *********** **** *****'* system ***, ********** ** *******. ** the ***** ****, ******* **** ***** a *********** ** ******* *** ***** heavily ** ****** **********, ********** ***** as ***** *****, *** ********** ** so ******* *********** **** *********.