USX:EVLV - Evolv Technologies Holdings Inc Evolv Technologies Holdings In
Sector: Information Technology, Industry: Electronic Equipment & Instruments
Next Earnings: 8 May 2024
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USD 3.63    +0.06 (+1.68%)

27 Mar 2024


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General

CEO: Mr. Peter Gustav George

IPO: 2020-09-22

Headquarters: US

Employees: 223

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Description

Evolv Technologies Holdings Inc offers an AI-based touchless security screening. Its touchless security screening systems use artificial intelligence software, cloud services, and advanced sensors to reliably detect dangerous weapons while ignoring harmless items like cell phones, laptops, and keys. It offers products for purchase and primarily under a multi-year security-as-a-service subscription pricing model that delivers ongoing value to customers, generates predictable revenue, and creates expansion and upsell opportunities. The firm operates in a single segment that develops, manufactures, markets, and sells security screening products and specific services. Its products are used in different industries such as casinos, industrial workplaces, schools, and ticketed venues.

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