Evolv Raises Guidance, Preliminary Q3 2023 Results, New CCO Examined
Evolv raised its full-year outlook for the second time this month and announced its new chief commercial officer, but its stock continues to fall.
Inside this report, IPVM analyzes Evolv's preliminary Q3 2023 financial results and new CCO hire.
Executive *******
***** *****'* ***** ***** ******** **%+ in *** **** *****, ***** ****** guidance ***** *** *** ****** **** in **** *** ****** (*** *** third **** **** ****), ******* *** financial *********** ** ******* *** *** projections.** *** *********** ** *******, ***** ****** *** **** ****-**** revenue *** ***** ****** ******* ******** from *** ****** ********. ** **** announced *** *** ****** ************ * ******** ***** *******.
*** **** ** *****'* ******** **********, please ****:
- ***** ****** ********, ***** *****, ** 2023 ********* ******* ********
- ***** ****** ********, ***** ***** ** 2023
- ***** **** ********** *** **** ******* Examined
- ***** ****** ******** ** ****
- ***** ** **** **********
- ***** **** ***-**** ***, ********* *** Lower ************ *** ****
Evolv ****** ********
*********** ******** *** *** **** ****-***********, ****** ********* ******* (***), ***** margins, *** ******* ********** *** *** EBITDA **** *** *** *** **** this ****.
*** ******* ********* ********* *** **** full-year ******* **** *** *%-*% ******* growth ********* ** *** ***** ** this **** ** ** ******** **% - **% ****** ******* ****** **** the ****** ********.
***** ***** ****** *** ***** ****** and ****** ** *** *********** *******, it *** *** **** *** ******* explanation ** *** ***** *******, **** citing *********** *** *** ** ******** call ** ******** ***.
****: **** **** ******* *** ******* a ****** ********* *****'* ** ******** call **** *****.
New ***** ********** ******* **** - **************** *** **********
***** ********* *** *** ***, *** Muelhoefer, ** ****** *******, ********** **** ****** ****** ************** for *** *******'* *****, *********, *********, channels, *** ******** ******* *****, ** stated ** *** *******.
**. ********** **** ****** ****** ************** for *** *******’* *****, *********, *********, Channels, *** ******** ******* ***** ** help ****** ***** *********, ***** ******* growth ********, *** ****** *********** ******** experiences.
********** ******** * ******'* *** ********’* Degree ** ********** *********** **** *** and ** *** **** *******,********* ** *** ***** *******.
***** ** *****, ** *** ************* the ***** ********* ******* ** * SaaS ********* -********************. ****** ****, ** **** ********* executive ***** ** ***, ******** ******** services **********.
**********'* ******** **** ** ******* ******* ******* ** *** ********** ***** such **"************,""********** ********,"**"** ********,"** ******** ***** ********* **** **** has ***********.
Status ** ***** *** *** ***
**** *** **** * ******, *****'* CRO*.* ** ******** ******,*** ******(**** $***,***):
*******, *** ******** ***** ***** *** working ** *****:
****, *****'* ***,**** *********** *** ******** ~* ****** *** that *** ** *** * "******* student", ****** ******** ***** *** **** presently ******* ** *****:
Evolv's ********* *******
*****'* ********* *** **** ** *% in *** **** * ******, ********* to ******** ********:
*******, *** ***** ********* **** **% over *** ****** *** ** *** highest ****** ******* *** *** ****:
**** * ****-**** ******** *** **** Evolv ** *** **** ***** ******, per ******** ********. **** ** * good **** *** *** ****.
Evolv's ***** ********* ** ****
*****'* ***** ** **** ~*% *****:
*****'* ***** ** **** ****** **% in *** **** *****:
*******, *****'* ***** ** ** ****** 63% ****-**-****:
***** ** **** ******, *****'* ***** has **** **** ****** **%.
******:
***** ******** ** *** *****,**** *****, *** ******** **** *** ***** along **** ********'***** **********, *********** ** ***** *** ******. *** ****** ****** ***** ************ were *** * ****** ** * disagreement **** *******:
**********, *****'* *** ****** ******** ***** **************** ****** ** ~$*.**, ******* **** 3 ***** - ***** ** ******* indicates **** ** *********, **** **** hire *** *****.