Evolv Aims For $1 Billion Revenue By 2030

Billion ****** **********

** *** *******'* *** **** ******** Day, *** *** **** *** ************ for * ******* *******:

**** ***********, ** *** ****** ** a ******* ******* ** ****** ********* revenue ** **** ******** *** ******* sales **** ***** ********* *********** ***** revenue.

*** ***** ***** ***** *** ***** of ****** ****** ** ******* ****, which ***** *** ** *********** * ~40% **** **** * *****:

Positive *******

***** *** ******* ******* **** *** working, **** ** *******, ** ***** work ******* *** $* ******* ** ARR ****, *********:

• **** ** ****** ********, ********* ** Schools
• ****** *******
• **** *********, **** ***** *** ********
• ****** **** *** "********* ************" *****
• ************ ** **********

Rise ** ****** ********, ********* ** *******

** *** **** * *****, **** shootings **** ******* *******, ***** *** helped ******* ****** ********* *********, ********* Evolv. ** ** ******** **** **** shootings ******** ** ******** ** *** same **** **** *** **** * years. ** *** ****** **** *******, this ***** ** * **** *** Evolv.

*** *******, ****** ******** ******* ******** * ******** **** * ***** ago:

********,********** **** ********* ******* ******** ** ****** ********* per ****:

***** **** ** *****'* ******** ** schools *****, **** **** ******** *** ~300 ****** *********, **** *** ************ majority *** *** ****** *****. ** school ********* ******** ** * ******* pace, ***** ***** ********** **** * multi-hundred ******* ****** ****** ******** **** in *******.

*******, ************ ** *** *****, ******* in *******, ** ***** ******* ***** result ** *** ********, **** ********* declining *************. ***'* ******* ** ***** reasonably ******* ******* ** ***'* ******* toward *** ****** ** **** *********.

More *********, **** ***** *** ********

***** *** ** *********** ** ************* grow *** ****** ** ***** *** customer.

*** *******, *** ********'* ******* **** has **** ********* **** * ***** to *, ** *** ****** **** during *****'* *** **** ******* ***.

**** ******* **** ********* **** ******* with *****'* ********, ***** ** ********* possible *** ***** ****** ** ** examine *** ******** ******* *******.

Higher ******

** ******** ** ******** *** ***** margins, ***** ***** ******* *** *****, with ***** ********* ** *** **** year, ** *** **** ******* **** during ***** **** ******* ***:

******* *** **** ** **** ****, that **% [***** ******* ** ************ revenue] ** ********** **three ***** ******* **** ****. *** ****** *** ****** **** **** ***. That's why I'm talking about 60%+ [gross margins] in the subscription lines. [emphasis added]

** ******* ** ** **** ** Evolv **** ***** ****** **** ****, this ****, *** ** ** ******** plausible *********** **** ** ******* *** actively ******* *** ******* ** ******** security ******* *********** ******* **********, *** Evolv ** ********** **** **** ** provides *** **** *****-**** ** *** market. *** *******, **'* **** ******* school ************** ***** **** *** ********** ************* ******* ** ****** ****** ************ capabilities **** ***** *** ****** ********* screening ******* *****'* ******** ***** *** more ********* **** ****'*.

********, ** ******** ********** ********* ****** the *** **** ******* ***, ***** is ******** ******* ** * *** product, *** *** *** *******, **** plan ** ***** *** ******* *** its ******** ****** **** *** *** current *******. ** ******** **** **** about ******* *** ***-*****, *** ** likely **** ** ****** ** ****.

Switch **** *** "********* ************" *****

** ****** ****,***** ********* **** ***** ** ****** sell "********* *************"** **** (******* ******** **** + monthly ***), ********** ********* *** *******'* ARR.

***** **** ******* ******* ***** **** roughly *** **** ******* **** *** first **** *****, *** "********* ************" option **** **** * **% ******* monthly *** ($*,*** **. $*,*** *** August **** *******), **** ************ **** to *****'* ***.

***** ******** **** ** ****, *** company's ******* ******* **** ********** ** only ~*% ** ***** *******, *** subscription ******* **** ** **% - which *** *********** ******* **** **% and **%, ************, ** ****, ** the ******* **** *** *******'* ***** deck ***** *****:

Improvements ** **********

***** *** ************* ****** *** ******* technical ******** ** *** ******* ** hide. ** **** **** * **** engineering ************ *** ** ***** ********* with ********* ********** ** *********** ******* for ******* ********* **** ** ********** scale **** ******* **** ** ******** in **** *&*.

** *** ****** **** ***** *** either (*) ****** ******* ******* ******* while *** ******** ** ****** ***/** (B) ****** ***** ****** ** ***********, water *******, ***. ***** *** ******* actual *******, ***** ***** ************* ************* itself **** *********** *** ****** ** eliminate ****** ******** ** ** ******.

**** ** ********* ***** *****'* ******* to ******* **** **** *** ******* generation ** ********** *** * ** 8 ***** ** ***** **** ****, raising *** *********** ** * *** generation **** ******** **** ** ***** issues. *** *******, ***** ******* *** a ******* ****** ****** "****" *** replaced ** **** "*******", *** ******* generation * ***** ***. ** ***** could ******* * ***** **********, **** could ************* **** *** ****** *******.

Negative *******

** *** ***** ****, ***** *** a ******* **** *** ****** *****'* ambitions:

• ********/****** ** ***** *********
• **** ** ************ **** ********* *********, Negative *****
• **** ** ************* ************
• *********** ******
• ********** *** ********** ************** ******* *****

Injuries/Deaths ** ***** *********

********* ** ********** ******* ** ***** for ******* ********* ***** ***** ******** about *****'* ***********. ** ****, ***** are *** ******** ******** ********* ** Evolv's *********, ********** ******** ** ***** **** ********* ********* ** * ***** **** ** Pennsylvania.

***** ** ** ***** ******* ******* the *** ***** **** ******* ***** in * ***** ****, **** ********* that ***** *** *********** ** *** day ** *** ******** ** ***** and *** *** ****** * ***** used *** ********.

*** **** ***** ***** ********, *** more ****** **** **** ******* *** missed *** ** ** ******** **** more ****** *** ******* ** **** killed. **** ***** ****** ** ******* negative ***** *** ******** **** ***** hinder ******* ***** ********.

Lack ** ************ **** ********* *********, ******** *****

******* ***** ********** ******** **** ************ on *** ******'* ************, ***** *** multiple ********* **** ***** ****** ** mention ************ ********* ** ****** ***/****** ****** *********** *** ***** ************ (****** ********* ******), ** **** ** ***** **** outlets, *** ********* ** **** - see***** ***** ******** **** ********, ***** Carolina, *** ****.

*********, *** **** **** ******* **** report ********* **** *** ******** ****** district,***** ****** ** $* ******* ******** with *****, *** *** ******** ***** ***** detection ************ *** **** *******:

***** *** *** ***** *** ***** after ***** ******* ** ****, ***** was ********* **** ***** ******* "******* detection" ************, *** ******* **** ** shifting ** **** ********, ***** *** negatively ****** *****'* ********** ***, *********, ability ** **** *** ******.

Lack ** ************* ************

** ** ************* ************ *** ****, it **** ** ****** *** ***** to ******* *** **** **** ** its *******, *********** **** ******* ************ metal ********* *** ** ***** **** that **** **** ********** **** *** false ***** ***** ** *****.

*** **** *******, ********* *** ********** **** *** ******* Metal ********* ******.

************, *****'* **** **********, ****, **** has* "******* ********" ****** ************ *** ******* *********** ******** ~**% ****.

Competitive ******

************, *****'* *********,**************, **** **** *** ******** ** publicly ******** ***** ******** ******* *****, as ***** ********* ** *********** ***-********, however, ** **** *******, ***** *** lose ********* *****.

************,****** ***(******** ******* *** ************) ** ******* Evolv's ********** **** *** ******* *** stadium *** ************* ***** ***** **** Evolv. *******, ** ******* **** **** is **** ** * *********** ****** to ***** **** ****** ***.

*** **** ********** ** *** ***** competitors, ********** ********* ** *********** ********** *****.

*********, *** ****** * ****** *******, the **** ******* *********** ******, ***** the ********** ** ******* *******. ** Evolv ********* * **** ***** ** a ******* ******* ** ****** *******, we ***** ****** **** **** *********** competition ** *****, ***** ***** ***** both ******* *** ****** *********.

*******

***** ********* *** ** *********** ** achieve **** *** *********** *********** ****** about *** ****** ** **** ********* (will ** ************* **** ** ****), how **** ***** ****** *** **********, and *** ***** *********** ******* (** not).

** ***** *********, ** ***** **** itself ******* **** ******* * $* per ***** ** ** *** **** year. *******, ** ***** ***** **** pace, ** **** ***, $**+ *** share ** ********* ********.