Evolv Q2 2022 Financials
Evolv started Q2 off all time lows with the company strengthening with the rise of mass shootings in the Unites States.
Evolv has now announced full Q2 results after its rollercoaster first half, reporting stronger than expected Q2 revenue, while projecting a second half decline.
Expecting **** ******* ** **
***** *** ****** *** ******, ******* over ******* ****** *** ****. ****, despite ********** ********* ***** **** $**.** to $**.**.
******** ** *** ***** **** ** the ****, ***** ** *** *********** declines ** -**% ** -**% *** the ****** **** ** ****, ***** on **** **** ******* *********** ** $29-31M. *****'* *** ************ *** *******, explaining **** *** ********* ***** ** focus ** ************* **. ******** *******:
**'** ***** ** ** ********* *** salespeople *** *** ******* ** **** with ************ **** ** *** **** half ** *** **** *** ***** only ***** **** **** ****.
***** **** ***** * ************ *** cautious ******** ** ***********:
** ** **** ** **** ************ and ******** *** ******* ******** ** guidance
Channel/Motorola *** *********
***** ******** ******* ******** *** ******** 50% ** ***** ********, **** ******** ~25% ** ******* ********:
*** ******** *********** ** **** **% to *** ***** ******** ** *** second *******, *** ****** **** ** that **** ** ******** ********* **** whom ** **** * ********* *** partnership.
**** ** ** **** **** ************ reported ** ** (***:***** ******* ***** **********; ***** ******* Growth **** *-**% **** ** ****).
********, ***** ******** ********* ** *** top ******* *** *****, ***** ***** markets ** *******.
**% ** *** *** **** **** the ********* ******** *** *** ********* included *** ***** ******* *******, ***** operates ** ********* ******* ****** ******* across ******* **** **** **,*** ******** Guilford ****** ******* ** ***** ********, one ** *** ** ******* ****** districts ** *** ****** ******, ******* more **** **,*** ********.
**** ********** **** ****** ********* *** driving *****'* *******. *******, ***** *********** **** ******** **** ************** ***** ****** ** ******* (***:***** ****** ** ******* *** ***** Bottles, ****** ***** ****** ****).
Aggressive ****** ******** ** **** ***********
***** ***** ** ******* ********** ****** *** **** ******* ******(*** ********* ** $*** **. $***) they ****** * *-**** **** ** 20,000 ***** ******** (***** ******** **** over *,*** ***** ******** ** *** end ** **).
*** **** **** *** **** **** years ** ** **** **** **,*** Evolv ******* ******* ******** ********
*** *** **** *** ******** ***** added ~*** ***** ****. ** ******* the **,*** **** ****, ***** ***** need ** ** **** ** ******* units **** ** **** *** **** three *****.
** *** *** ** ****, ***** projects ** **** *,*** ***** ********, which ** **** ****** **. ******* in *** ****.
*****'* **** *********** **** ********* **********, seeking ** ******* $**** ** ******* by ****.
Minimal ***** ***** ********
***** ****** **** ******* **** ********** little ********, ******* *** ********** ************* share ***** *******. ** **** **** as * **** *** ****** ** taking * **** *** *** ******** to *** *******.