Evolv Hits All-Time Low, Admitting Far Lower Expectations For 2022

Published Mar 15, 2022 14:00 PM

*****'* ***** *******, *** **** **% in *** **** **** **** *** company ******** ******* ************ *** **** year.

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****** **** ***** *** *** * surprise ** **** *******, *.*.***** ******* ******* *********** ** *************** ** *** * "******* ********", It ** * ******* ***** ***************** ******* ** ***** ** ****** speak**** **** *** ********* ******* ** ****'* ********* ** its **********.

** **** ******, ** ******* *** Q4 ******** ****, **** *****'* ********** said ***** ***** ***********, *** ***** disclosed **** ******* ********, *** *****’* dramatic ******* ***** ****’*** **** *****, and *****’* ********* *** ****** ****** while ****** ********* *********** *** ********* about *** **********.

*** **** ********* ******* ***** *******.

2022 ******* ************ **** $** *******

***********’* ******* ****, *****’* ***,***** ******, ******* ****’* ******* ************ ** more **** $** *******, ************* * **** *** **** **** SPACed.

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***** ******* **** ********** ******* ************, aiming ** ***** ****** $*** ******* in **** *****. ******, ** ****, Evolv ******** ** ******* $**.* ******* in ****** *******, * ***% ******** versus ****, ** ***** ** **** March **** **********:

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*******, **** ** ****** *****, ******* of ********** ***% ******, **** *** now **** ********** ~**%, * ****** that ************* ****** *** ******* ****** trajectory ** *** *******.

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********, * **** ***, ***** ******** EBITDA ** -$**.* ******* *** **** year. ***, **** ****** *** **** to ** **** **** ****** ** ~$65 *******.

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After ***** ***** ******

*********** ***** *****’* **********, *** ***** plummeted ** ***-**** ****. ***** ******* at ~$** *** ***** *** ** now ***** $*, ** ***** *****:

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*** ******** ******** ** ******* ************, for * ******* **** *** **** public *** **** *** ****, ****** concerns ***** *****'* ******* ******** ******** and *** ******* ** ********** ** meet ************’ ************.

~$900 ******* ******* ** *********

*** **** ***,***** **** ****** **** * *.*** valuation. *****, *** ******* *** * market ************** ** **** ***** $*** million, ******* ** ~$*** ******* ******* in *********.

Trading ** **** **** **** ** *** ****

***** ** *** ******* **** * market ************** (~$*** *******) ***** **** the ****** **** *** ** **** in *** **** ** *** *** of *** ******* - ** ******* sign.

*******, **** ** ******** ********, ***** the ******* ******* ** **** ************* more ***** ** *** ***** ****.

Hiring ******* ** ****

***** ***** ****** ******* ********* ** 2021 (**** ** ** *** ********), Evolv ***** ** **** *** ****** rate ** **% ** ****:

** ***** ***** *** ****** ** 2021. ** ** *** * *** investment ** ****** *** ************** ****** the **** **** ** **** ******. Our **** *** **** ** ** add ***** ** ** ** **** heads.

*** ******* **** **** ** ************* increase *** ***** ********** **** *** slower ********* ******.

Channel ******

** *** ******** **** *** *****, the ******* ********** *** ******** ******* partnerships, ******:

*** **** ** *** ********* ** 2021 *** ** ****** **% ** our *** **** ********. ** ***** up ******** **** ** **%, ****** evidence ** **** ******** ****** *** partner **********.45% ** *** ****** ******* *** ******** *** *******, and we're now starting to see transactions closed with channel partners without any involvement at all from us.

** *** ****** ***** ******** ****** 3 ***** ********** ******* ******** ***several ********* ****** ******** ** ******* ********, ******* ***** & ******, *** ** ******, ******** *********, where incidentally, the number of qualified opportunities in our pipeline more than doubled in the fourth quarter to over 500 prospects. [emphasis added]

** *** ****** **** *** ******* embraces *****, **** ***** ****** **** of ***** **********. *******, *** ****'* report:*****: "**'** * ******* ***** *******".

90% ** ***** *********** - ***** ** ***********

***** ***** ** *** **** **** the **** ******** ** ***** ***** are *** ******* ***********.

** **% ** *** ***** ******** to ** ***********. **** ** **** to ******* *****, **'* ******** * metal ******** *******, *** ** **** our *** **** **** ** **** to ******* **** ****

**** ** ********, ***** *****'* ***** advantage ** ********* ********* ** ***** and *********. *** *********** *** ********* significantly ******* *** *** ****** ** dedicate ******* ********* ** ******* *****.

*******, * ****** ******* ** *********** occurred **** ******* * ****-**-**** **** ** ** Illinois ****** ******– **** *** ****** *********** **** CEIA ********* ********* ** *** ***** cost *** ******* *****'* *********** ** pay * ************.

** **** *** ***** *********** *** increase ***** ***** *** ********* **********, it ** * ******* **** ** Evolv.

NCS4 ******

***********, *****'* **** *********** ******** ****** has *** **** ******** - **** four ****** ***** *** ********** *** announced. (***:***** *** ********** ******* ** **** Says "************ ** * ********"). **** **** ****** ** **** public, **** **** ***** *** ******** and ******* ********.

**** *** ****** * ***** ***** of ********** ****** **** ****** ******* as **** ** ****** **** ** sports ******** *** ***** ***** ********** for *** ***************.

*** *******, ***** ***** **** *** sports ** *** ******* ******** *********, explaining ****:

**% ** *** *** **** **** professional ****** ******** ** ** ******* another *** *********, *** ***** *** football **** ** **** ** ******* MLB ****, *** ***** ************ ******** franchise. ** *** **** **% ** the *** *** ****** **% ** the *** *** *** ***** ******* customers. ** **** ****** ** ********* opportunity ** ******* *** ******* *** Arena ** **********, *.*.

Outlook – **********’* *********** ** ********

*****’* *********** ******* *********** ***** ********** losses ***** ********** ***** * ******* credibility *********. ****, **** *** ***** down **** **** **%, ** ***** cannot **** *** ****** *******, ** risks ****** ** *********** *********.

Comments (23)
JH
John Honovich
Mar 15, 2022
IPVM

****: **** **** ** **** ***** forward ***** ** ***** ******** *******, ******** ***** ***** ** ** ********* ********.

******* ******** ** *****, **** **** winning ** ****** *****, *********** ********* claims ********, ***. ***** ****** ** the ****+ ****.

***: *** ******** ******* ** ******** $199 ****+ ****

(3)
JH
John Honovich
Mar 15, 2022
IPVM

*** ***** ***** ********, *** **** 42%:

IPVM Image

***** ***** ******, ** ** ***** be ********** *** ** ** ****** back **** ***** (** *** *** fortune ******* ** ***'* ******* **** gyrations) *** *** **** **** ** plunged **** ****, ***** ****** ******* already **% ****** *** ******* **** shows * ********** **** ** ******** confidence ** *****'* ******.

JH
John Honovich
Mar 15, 2022
IPVM

**'* **** *******:

IPVM Image

** **** ***** *****, ***** **** be **** ********* ******** **** ** a ********* ***. ** ** *****, obviously, ****** ***'* **** ** ****** it ** **** *** **** *********** from **** **** *** ** **** market *** ($*** *******), ***** ****** needs ** ***** ***** *** ** business.

** *** ********, **** ** ****** than * ***** ******** *** **** have * ***** ***** ************ (*********, on *** ***** ****, ** * disaster) ** ** ** ********* ******** that **** *** ** * ****** business.

JH
John Honovich
Mar 15, 2022
IPVM

***** ***** *** *** ** *.** after ******* ** *.** *** **** 43% *** *** ***:

IPVM Image

***, ***** ***** ******** ******** ~*.* million ** ***** ******* **** * strike ***** ** $*.**, ***** *** now **********, *.*.*** ***** ******'* ******:

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UM
Undisclosed Manufacturer #1
Mar 15, 2022

* ******** *** ** * ***** that *** ***** **** ** ******. I ******* *** *** ***** *** my *** (**'* ** *** ** the ********) ***** **** **** ** do? * ********* **** ** *** like * ***** ********, *** ******. As ** ****** ******* *** ******** he ***** **** ** **** **** for? * ********* **** *** ******, etc. **** ** *** **** *** entrance *** ****** *** ******, ** pulled *** ********* ***** *** ** his ****** *** **** "* ***** it *****'* **** *** ****."

*** ***** **** ** ** **** they **** ******* ***, *** ********** a *" ********* ***** *** *** on *** ****.

(6)
(3)
UE
Undisclosed End User #3
Mar 15, 2022

*** **** ** *** ********* *****, hollow ***** *********. ** ******* **** it **** ***** ****** ** *** magnetic ********* ** *** *****. ***** is *** **** ******* *********** ** brass ******* **** **** ******* **** on ****. *** ***** *** ** someone *** ****** ** **** * gun ** *****, *** **** ***** likely ****, *** ****** *** ****** pin ***** ****, *** *** ******** would ** ******, ***** *** *** "most ********* ****" ** *** ******. Same **** *****. *** ** ***** pass, *** *** "****" ******* ******'*. It ****'* **** **** **** **** that ******* ***** ****** ** **** as **** ******** **********. **** **** the ** *******, ******* *** ** without * ******* ******'* ** **** damage ******* *** ******** **** *** housing (********* ** *** *********). *'* not **** * ***** **** ** be *** *** ***** ****** ** close ********* ** *** '********** ********' C4, ** * ****'* **** **** on **** **** ** ** ******. Better ******* ********* *** * **** thing, *** * **** ***'* **** waiting ** ** ******* * ***** detector ** *** ****** **** **** the **** ***** **** *******. ***** Evolv **** *** *****, ** ** there, * ***'* ****. *** ** preventing **** ******** ** *** **** factor, *** *'* *** *** *** gets ******* ** *** *****, **'* hard ** *****.

(1)
(2)
JH
John Honovich
Mar 15, 2022
IPVM

***** ***** **** *** *****, ** is *****, * ***'* ****. *** if ********** **** ******** ** *** only ******, *** *'* *** *** who **** ******* ** *** *****, it's **** ** *****.

*** ******* ** ******* ** **** when ******** ******** ** *****, *** company ********** **** *** ******* ** "mass ******** *******" *** ***** ****** marketing **** **** ******** ***** **** distinction, **** ******* ******* ** * 4" ********* *****, ** ** ***** mentions.

(1)
PR
PATRICK RADOMSKY
Mar 16, 2022

*** *** ** *** ********* ** us ** ***** ** **** *** that *** **** ** ********* ** these ******* ***** *** * *****-*** for *** ******** ** **** ***. While ** *** ****** ** "*************" or "****-********" **********, **** **** ****** clear ***** ********* **** ** ** being ******** *** "********* ******* ** mass ********" *** ****** ****, ****** the *********** ** ******* *** **, small ***** **** ****** ** * zip *** **** **** ** ******* undetected.

**, * ***** *** ******** ** "What ** *** ********** ** ** incident ** ****** **** * ****** of **** ******** **. **** ** the ********** ** ** *****-****** ******? And, **** ********** *** **** ****** threat ** **** ******** ****** ***** accepting *** **** ** * *******-***** event ******* *** **** ** *****?"

***** ** ***** ******* *********, ** looks **** **** ***-***** ***'* ***** so.

UI
Undisclosed Integrator #2
Mar 15, 2022

********, *** ******* ** ******** *********.

(1)
JH
John Honovich
Mar 15, 2022
IPVM

********* ********** ** ********* ********** ** be, "********** *** ** *** *** ********* to ***, ****** ******* ** ** only * ******* ** ******* ** is ***** ***** ******* ** ********."

** *** *** ****, * ***** disagree **** ******* ** *********, ******* the ****** *** ********** ****** ******* (at ***** **** ** ****) *** can ********** *** ***** ***** ** common ***** (*****, ** ***** **** of ****).

*** ** *** ***** *****'* **** aggressive *********** ****** ***** *** ***** a ***** ******** *** *** ********* to *** ******* *********** ** **** have, *** ***** **** **** ** argument *** ** ***** ********* ******** to *** ******** *********** **** **** made.

UI
Undisclosed Integrator #2
Mar 15, 2022

*********, ** *** ***** * ********* the *** **** ***** ******** ********** of **** ** *** **, *** with * ***** ***** "** ***** some ** *****" ********* ** ******** disappointments. * ***** ** **** *** the *** **** ** ********, *** the *********** ** *****.

* ******* **** ****** ** **** fronting *** *** ******* ******* *** thinking ****** *** * **** *** and ********** ** * ********, **** customer ********* *********'* *** **** *** VMS ********* ******* (****** ***) *** I ****** ******* *********** *** **** defeated * ****'* ** **** ******** on **** * *** *******. ** was * ***** ***** ** **** for ******** *** **.

(2)
(1)
JH
John Honovich
Mar 15, 2022
IPVM

**** ** * **** *******. ***** I ***** *** **** "*********" *** be ********** ****, *** ******* ***** you ******** (******** ********** **** **** to **************), * *****.

**'* **** * *** ****** **** I ***** ** ***** *** ****** more ****** *** ***** ***** **** they ***** **, **** ***** ****** have **** ****** ** *** **** run. **'* ********** ** *** **** as * ********** *** ** ********** is **** *** ****-** ***** **** been ****** *** **** ***** **** avoided **** ******* ****** ******* (********* crash) **** **** *** ************ ***** now *** ***** **** **** *** ahead ** *** ****** **** *** now **.

(1)
MR
Michael Reiter
Mar 21, 2022

** * ******** ********** *** ******* clients *** *** *** ***** ******* at ***** ******, * **** *********** tested *** ******* ** **** ***** conditions *** ** **** ********* **** perform ** **********. **** ****** ******** and *********** ** ********* *** ********* who ******* ******** ********* **** ** alarm, *** ******* *********** ********** **** persons ******** ************ ******** **** ** acceptable ***** ** ***** ******.

(1)
(1)
U
Undisclosed #4
Mar 22, 2022

**, *****, *** **** **** ***** it ***** **** ** **** ***** what *** ***** ******** *** ******* do.

(1)
MR
Michael Reiter
Mar 22, 2022

*** ********** ** ***** ** ** compares ** *********** ***** ******** ********** is **** ******* ***** ******** ** not **** ** ****** ***** ******* such ** ****, **** ******, ***. as ***** *** ************* ******* ******** and ***** *****, *** ***** ****** much ******* *** ****** **********.

U
Undisclosed #4
Mar 22, 2022

** * ********** **, ** **** only **** ** ** ****** ****** firearms *** *** **** *** *********** down ** *** ***** **** ***** things **** **** ****** ** *******.

* ******* *****'* ***** *** **** you *** ***** ****** ******* ******* without *********** ********, *** **** ******** make ** ***** **** **** * gun ******** ****, ***** ** **** impressive ***.

** **** ***** *** **** *** for ** ********* **** ** ** conducted ** ******* ***** ******.

(1)
MR
Michael Reiter
Mar 22, 2022

*** ***** ******* *** *********** ** adjusted ** ****** ******* ***** *****. I **** ****** ** **** ******** to ****** ******* ***** *** ** works ***********, ******** *** ********** ** detect ******, ***. **** ************* ******* increased ******** ** ***** ***** *******. At *** ********** ***** ******* **** average, *** ******* ********* ***** ***** knives *** **** ****** ** ***** cell ****** *** ***** ***** *******. As * **** ****, *********** ********* frequently **** **** **** **** ****** in ***** **** ** ***** *********** the *****.

(1)
U
Undisclosed #5
Mar 22, 2022

**** *** *** ********* *** ******** to * ******** *** *********?

MR
Michael Reiter
Mar 22, 2022

**** ** ********** ** *** ******** and ***** **** ****** ***** ****. My ******* **** *** *********** ******** present *** **** *** ******** **** a *** ** ********. ****** *** enforcement ******** **** *********** *** ********* to *****, ****** *** **** ********* weapons ******* **** ****** ********** ** the ******* ****** ********. **** *** client, ***** *** ******* ******* ** the ****** **** *** ******* **** not **** * ***. **** ******* rarely. ******* ******** * ********* ******* illegally *** ********* ********.

U
Undisclosed #5
Mar 22, 2022

**** ** ********** ** *** ******** and ***** **** ****** ***** ****.

*'* **** **** ** *** ****. like ** ********* ** ****** *** ** ***.

* ***** *** ****** ***************** *******'**** ****** ***** ****' ** ******* it's ***** ***** ****** ***** *********** falls **** -even **** ***** **** *****.

****** ***** ** ****** *** *********at *** ********* ******, in real world applications where the bad actor is intent on doing bad things, the positive detection provides maybe a second or two to mitigate the threat. this is simply not enough time to prevent a determined bad guy to begin doing the bad things.

JH
John Honovich
Mar 21, 2022
IPVM

*********** ******,***** ********, *** *** ** *** **** (NewHold) **** *** *** ****** *** Evolv ** ** ******,*** ****** ***,*** ****** ** ~$*.** per *****.

IPVM Image

****'* ********** ******** * **** **** or ** ***** * *** ***** price **** **** ** **** **** he ****** **** ***** ** ~$** a **** ***.

** **** ****, ******** ****** ***** was "**** **********" ** *** ***** which ** **** **** ** **** it ** ***,********** ** ******:

** *** ***** ********** ***** ** think ** **** ********** ** *.** 2025 ******* *** *.** **** ******.

** ***** ** **** ********** ** Evolv *** ******** **** **** ** do *** $*** ******* ** **** that **************** ** ***** **. *******, ** we ******** ** **** ****, ***** has ******* ********* ******* *** ******* projections *** ****.

U
Undisclosed #4
Mar 22, 2022

***** **** ***** ** ***** **** their *** **** ****** ** * minimum:

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(1)
JH
John Honovich
Mar 22, 2022
IPVM

*** *******, *** ******, **** ****** *** ***** ***** ******* ************:

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**** ** ** ** *** **** banter *****, *.*.:

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