Evolv Gives $1.25 Million Cash Bonus To Chief Growth Officer

By John Honovich, Published Apr 15, 2022, 08:28am EDT (Info+)

Evolv, whose stock is down 73% in the last year, quietly awarded Evolv's Chief Growth Officer a $1.25 million cash bonus.

IPVM Image

The company lost $54 million from operations last year and recently slashed revenue expectations for this year.

Inside this note, we examine the bonus and the challenges that Evolv faces.

**********'* *-* ****** *************:

** ***** *, ****, *** ************ Committee ** *** ***** ** ********* of ***** ************ ********, ***. (*** “Company”) ******** *one-time ************* **** ***** ***** ** *** ****** ** $*,***,***.** to Mr. **** *. ********, *** *******'* **-******* *** ***** Growth *******, ** ************* ** **. Chitkara’s *********** ************* ** *** ******* and ***expanded **************** ** *** *******’* ***** ****** *******. [emphasis added]

*** ****** **** *** ******* *** detail ** *** ******** *************.

********** ********* ****** *******'* ***** ****** "*******, **** ** ********* ***********" though **** ****** ******* ** *** been ******** ** ***** ****** ******* a **** ******** **** ***** **** COO, ***, ***, ***, ***. ** a**** *** ******* ********:

*** ****** ********* ***** ** *** C-suite ** *** **** ** “***** Growth *******” ** “***”. **** ******** has **** ****** ********* ** ** late, *******, **** ** *** *** first **** ** **** **** ** heard ** **** ****. ** * CGO * **** ***? ** ** this *** ****** “******* *******” ** the ****?

***** **** *** * *** (*.*. ******) *** *** (**** ****).

Cash ****

***** ****** $**.* ******* **** **** (i.e. ******** *** **** **** ** operating **********) *** *** $*** ******* cash ** **** **** ** *** end ** **** ****, *.* ****** ago, ********* ***** **** **********.

** *** **** ****, ***** ***** has ****** ** **** ** **** through. ** *** ******** ****, ***** expects ** **** ~$** ******* ** cash **** **** ***** ********** ******* by **** **** $** *******,**** *** **** ********* ***** *******:

IPVM Image

Stock **** **%

*****'* ***** ** **** **% ** the **** ****:

IPVM Image

* **** ***, ***** **** ********* it ******** ** **** ** **** than ** ** $**+ ******* **** year:

IPVM Image

*** ********, **** ******* **** ****** guidance **** $**.* ******* ** **** ~$30 *******.

Why *** ***** *****?

************, * **** ***** ***** **** sense ** ** **** * ***** award, ** *****'* ********* - *** stock ** ******* **** *** **** are ******* ******* ****. ******, ** the ********** ********** ***** * **** value ** $** *** ***** * year *** (*** ********** **** *** since **** **** ****** ** **** number), ********* ***** **** **** ***** executives ***** **'* **** * ****** value ** **** **** $*.

***** $*.** ******* ** **** ** a ******** ** *****'* **** ** hand, ** *** **** ***** ** burning **** *** **** *** *******'* reduced ******* ****** ********, ***** *** become ************* **** *********** ** *** next *** *****.

Growth **** *** ******?

*****'* ***** *** *********** * ***** run **** **** ** *** *** Mayor, ********* *** ******** **** ****** shooting, **** **** *** *********** ********** like *****.

*****'* *** ** ******* ***** **** potential ****, ********* ** *** *** that:

** **** *********** ****** ******* *** system, ** ***** **** ********** ** had * *** ** ***.We **** **** ** ***** **** ***** *******.

*** **** *** ****** ********, **** could ** *****'* ******* ****, ** far. (*** ************** *** *************** *** *** ** **** ****.) However, ** ** *** ****** **** analyzed, **** ************** ***** *********** ********** ********.

******* ***** ***** ** ********* **** here ** *** ******* ** ** seen *** *** ******** ** * million-plus ****** **** ***** ** **** junction ** ************.

Comments (5)

***** *** ** *** **** ***** Evolv ******* *** ****. *** *********, pretty ***** *** ***** ****, *** not *** *****. ****’* *** ******** backstory ****?

Agree: 1
Disagree: 5
Informative
Unhelpful: 3
Funny

***** *** ** *** **** ***** Evolv ******* *** ****.

**'* ******** *** **** **** ***** the ***** **.

***** *** **** * ******* **** provides * ******** *** ******* ********* - *** ***** ********** *** *********** of ***** *******'* **********, ******* **** their ******** ********** **** ***** ******* is * ******** *** ********** ***-******* frankly ***** ** ***** * ***.

*******, ** ******* ** ** **** this **** ** **** *** ** drastically ******* ** *** ***** ****** of ********* ********** ******* ** ***** wishing ** **** **** *******.

Agree: 2
Disagree
Informative
Unhelpful
Funny: 1

*****, ****'* **** ********* ****? ** we **** ** **** ******, ***** that ** ***** *** ***** ** are ******, * ** **** *** can ***** * **** ********, *********** rebuttal.

*'** **/** *** **** *** *** - * ******* ******* ******* * massive ****** ** ***** **** * stock ***** ******** ***** * **** bonus ** ** *********. ** ***** would **** ***** ***** ******* ** stock ******, ** ***** *** **** run * ***** *****'* **** * far **** ******** ******.

*** ** ******* ***, ** ***** execs *** ******* ***** *** ****** of *** ***** *****, ******'* **** be ******* ***** ******* ******* / shares? ** *** **** ** ***** shareholder, ******'* *** **** ***** ********** to ** ******* ** ** ****** right *** ****** **** ******* * million-dollar **** *****?

Agree: 3
Disagree
Informative: 1
Unhelpful
Funny

***’** **** ****** ********** **** ***** guys *** * ***** * *** just ********* ** ***** *** * backstory. * ***’* ***** ***** ******* with **** ********* ***** ** *** road **** **** *********, ****, * waged * **** ****** *** ******* to *** ********* ******* **** **** lol. (** ***** *** **** **** done * **** *** ** ** late *** ***** ***)

* ***’* **** *** ******** **** Evolv, *** ********* **** ** *** just **** ** ****** ** ***** were *** ******** *********.

Agree
Disagree
Informative
Unhelpful
Funny

******* ******** ******* ***** ** ******* or ********* ** ******** ** *** various ***** ********* ** **** ********** over *** **** ******-****.

Agree: 3
Disagree
Informative
Unhelpful
Funny
Login to read this IPVM report.
Why do I need to log in?
IPVM conducts reporting, tutorials and software funded by subscriber's payments enabling us to offer the most independent, accurate and in-depth information.
Loading Related Reports