NASDAQ$EVLV
Evolv Technologies Holdings Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported strong third quarter results with record revenues and increased business outlook for 2021.
Evolv Technology reported a significant increase in revenue for Q3 2021, with total revenue reaching $8.4 million, a 473% increase compared to Q3 2020. The company's TCV of orders booked also saw a substantial rise, increasing by 365% year-over-year to $16.9 million. GAAP net income for the quarter was $23.2 million, or $0.15 per diluted share.
- Total Contract Value (TCV) increased by 365% year-over-year.
- Revenue increased by 473% year-over-year.
- GAAP net income was $23.2 million, or $0.15 per diluted share.
- The company raised its business outlook for 2021.
Headline financials
Revenue & EPS history
Evolv · Revenue · Quarterly
$8.37M
Revenue by segment
Evolv · $8.37M total across 3 segments · Q3 2021
- Product Revenue$5.35M—63.9%
- Subscription Revenue$2.31M—27.5%
- Service Revenue$717K—8.6%
Forward guidance
The Company raised its business outlook for 2021. The Company’s outlook is based on the current indications for its business, which may change at any time.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2021
+0.9%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+6.3%
Avg return
30 days after
59%
13 / 22 earnings
Positive
+29.2%
Q3 2022
Best reaction
-45.0%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.6% | -17.6% | -11.3% | |
| Q4 2025 | +9.7% | -1.1% | +13.5% | |
| Q3 2025 | -8.7% | -10.0% | +6.5% | |
| Q1 2025 | +7.8% | +3.1% | +3.4% | |
| Q3 2024 | -0.9% | -5.4% | +22.3% | |
| Q4 2024 | -1.4% | +4.3% | +31.3% | |
| Q2 2024 | -1.7% | +4.1% | +23.2% | |
| Q1 2024 | -38.9% | -26.9% | -36.3% | |
| Q4 2023 | -13.7% | -18.0% | -3.3% | |
| Q3 2023 | -11.8% | +0.8% | +13.8% | |
| Q2 2023 | +26.4% | +28.4% | +12.6% | |
| Q1 2023 | +25.2% | +28.6% | +50.4% | |
| Q4 2022 | +10.2% | +4.7% | +13.5% | |
| Q3 2022 | +29.2% | +29.2% | +31.4% | |
| Q2 2022 | +14.5% | +18.8% | -16.7% | |
| Q1 2022 | +12.8% | +20.9% | +57.2% | |
| Q4 2021 | -45.0% | -42.1% | -18.4% | |
| Q3 2021 | +17.5% | +9.8% | -23.3% | |
| Q2 2021 | -13.1% | -5.8% | -33.9% | |
| Q1 2021 | +0.1% | +0.3% | +0.1% | |
| Q4 2020 | +0.2% | -0.4% | -0.8% | |
| Q3 2020 | +0.4% | +0.7% | +2.6% | |
| Q2 2020 | — | — | — |
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