Evolv CEO Addresses FTC "Inquiry" Into Evolv's Marketing
Legal issues are rising for Evolv, who has been sued for the first time by a student stabbed at an Evolv-equipped school and, last month, issued a short disclosure about "questions" from the FTC.
Now, Evolv's CEO answered an investor's question about the FTC.
For background on FTC's involvement with technology companies, see FTC Warns: Keep Your AI Claims In Check.
Evolv's ******** ** ******** ***** *** *** *****
*****'* *** ***** ****** **** ** the *******'* ** **** ******** ****'* Q&A *******:
**'** *** ** ******* ** **** too **** ***** ****, *** ** areworking **** *** *** ** ***** ******* around questions about our marketing. And we're answering every question that they have.
*****'*no ******** ** ********* ****** *** **********. We stand by that it's really ***** ********* ******, and we're very confident going forward that we'll *** ** ** * ****** **** *****. [Emphasis added]
** ***'* **** **** ***** **. What ** *** *** **it ****'* *** *** ****** ** *** ** *** ********. Our customers are talking about it. It is not getting in the way of anything, and we're out serving our customers, living to the mission and keeping kids and people safe every day.
"No ******** ** ********* ****** *** **********"
****** ********** **** *** ******* *** "really ***** ********* ******," ****** *****'* "no ******** ** *********" ****** *** technology.
** ******* **** ** ** ***** somewhat **** ***** *** **** ** the ***, ** ** ******** ******* to ********** *********, ** ***** ****** or ********* *********. *** *******, ******'* ******* ***** ** *********** **** *********** ** *********** *********.
*******, ******** ** *** ******* **** marketing ****** ** ******* ***** ****** have ********** **************, ** **** *** warning ****, *** *******:
**** *********** ****** ***** ** ********* if **** **** ********** ******* ** if **** ***** **** ** ******* types ** ***** ** ***** ******* conditions.
** **** ********* **** ***** *** not ******** ********** ********, *.*.,***** ********* *** *****, ******* ** Substantiate *** ********** *****.
"Has *** *** ** ****** ** *** ** *** ********"
****** ******* **** ******'* "*******" **** *** ********* ******"*** *** *** *** ******" ** its ******** ** *** ** **** earnings ****.
*******, *** ***** ******** **** **% ** *** *** of *** ********* ** *** *************, ** ~$** ******* **** ** market **************. *** *******'* ***** ***** has ***** ********** ***** *** *****, but ** ** ***** ******** ***** when *** ********* *** **** (***** came ** *** **** **** **** Evolv ****** *** ********, * ********* positive ****** *** ***** ******).
Impacts ** ***** **** **** ** ** **** *** *** ********* **** *****
*** *** ********** **** *****, ******* on ***** ** ********* **** **** are ******** ***** ***** ************ **** months, ****** ******** ***** ********** ***** customers **** ****** ********* *****. ******* the *** ***** **** ******* ****** Evolv's ***** ** *** ****** ******** remains ** ** ****. ** ** possible **** *** *** **** *******, and **** ** ***** ****** ** impact ** ***. *******, ** ** when *** *** **** **** ******, the ****** **** ****** ** **** exactly *** ***** ***.
Possible ********** **** *** ***
*****'* *** ****, "**'** **** ********* going ******* **** **'** *** ** in * ****** **** *****." ***** he ******** ** ******* *******, *** cannot ** ******* ** *** *******, but *********, **** ********* *** ** two *****:
- ***** ******** **** *** *** **** just **** *** *******, ***** ***** be * "****** **** *****" *** Evolv.
- ***** ** *********** * ********** **** the ***, *** ***** ** ********* that *** ***** ** *** ********** will ** **** **** ** **** be ******* ******** *** *****.
**** *****'* ***, *** *** * track ****** ** *********** (*.*.,***** ***'* "********** *** *** *** Weapons ** *** *****" ***** **************** *** ***** *********: "**** **** Nobody *** * ******,") ** ** **** ** ** certain.
*******, **** ********* ** *****'* ******** growing ****** *** ****** *** *** government, **** ** ** ********* ********* for *** *******.
******: ** *** *******'* **** *** now ********* **** ** "**************", ********* the *** *** **** *** ******* after *** ***'*: