<span item_type="fundamental" item_id="f00efdfdfffce5890fc0047fa66e0c50" counter_id="ST/US/EVLVW" env="prod"></span><span item_type="announcement" item_id="518281792722371073" env="prod"></span><p>Revenue: As of FY2025 Q1, the actual value is USD 32.01 M.</p><p>EPS: As of FY2025 Q1, the actual value is USD -0.01.</p><p>EBIT: As of FY2025 Q1, the actual value is USD -1.626 M.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Total Revenue</strong>: $32,007,000 for the three months ended March 31, 2025, compared to $22,181,000 for the same period in 2024, representing a 44% increase.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1805385/000162828025026845/evlv-20250331.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Loss</strong>: $1,689,000 for the three months ended March 31, 2025, compared to $11,272,000 for the same period in 2024, representing an 85% decrease.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1805385/000162828025026845/evlv-20250331.htm"></span></li><li><strong>Gross Profit</strong>: $19,150,000 for the three months ended March 31, 2025, compared to $12,155,000 for the same period in 2024, representing a 58% increase.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1805385/000162828025026845/evlv-20250331.htm"></span></li><li><strong>Operating Expenses</strong>: Total operating expenses were $33,539,000 for the three months ended March 31, 2025, compared to $34,061,000 for the same period in 2024, representing a 2% decrease.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1805385/000162828025026845/evlv-20250331.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Used in Operating Activities</strong>: $2,539,000 for the three months ended March 31, 2025, compared to $16,151,000 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1805385/000162828025026845/evlv-20250331.htm"></span></li><li><strong>Net Cash Used in Investing Activities</strong>: $9,361,000 for the three months ended March 31, 2025, compared to $6,720,000 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1805385/000162828025026845/evlv-20250331.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Change in Fair Value of Contingent Earn-out Liability</strong>: Gain of $8,976,000 for the three months ended March 31, 2025, compared to a gain of $6,899,000 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1805385/000162828025026845/evlv-20250331.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The company plans to continue investing in research and development, sales and marketing, and general administration to support business growth. It expects to strategically invest in various areas to support growth and may require additional capital to respond to expected growth in demand for equipment, technological advancements, and competitive dynamics.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1805385/000162828025026845/evlv-20250331.htm"></span></li><li><strong>Non-Core Business</strong>: The company may engage in debt financings or enter into credit facilities for prudent capital management purposes and to provide additional readily available capital for strategic and other purposes.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1805385/000162828025026845/evlv-20250331.htm"></span></li></ul>

Evolv Tech Holdings - CW25 | 10-Q: FY2025 Q1 Revenue: USD 32.01 M