Evolv Technologies Reports Mixed Q4: Details

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) shares dipped in Tuesday's extended trading after the company released a mixed fourth-quarter earnings report.

Here's a look at the details in the report. 

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The Details: Evolv Technologies reported quarterly losses of three cents per share, which missed the consensus estimate for a loss of two cents.

Quarterly revenue came in at $38.5 million, which beat the Street estimate of $36.44 million and was up from $29.1 million in the same period last year.

The company reported the following highlights:

• Q4 Ending ARR of $120.5 million, up 21% year-over-year
• Q4 Net Income of $10.9 million, with Net Profit Margin of 28%
• Q4 Adjusted EBITDA2 of $1.8 million, with Adjusted EBITDA Margin2 of 5%
• Q4 Ending Cash, Cash Equivalents and Marketable Securities of $69.0 million, up $12.8 million sequentially

“We are pleased to be reporting solid fourth quarter results, which capped a year of significant improvement across the Company,” said CEO John Kedzierski.

EVLV Stock Price: According to data from Benzinga Pro, Evolv stock slipped 0.20% to $5.24 in Tuesday's extended trading.  

Photo: vectorfusionart / Shutterstock

This article Evolv Technologies Reports Mixed Q4: Details originally appeared on Benzinga.com