Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) shares are trading lower on Friday.
The company registered Evolv Express subscriptions of 4,882, up 75% year-over-year.
Adjusted EBITDA for the first quarter was $(10.7) million compared to $(15.4) million in the first quarter of 2023.
As of March 31, the company had cash and equivalent worth $81.3 million and no debt.
The company sees FY24 total revenue of $100 million versus the $114.6 million estimate, lower than the prior view of $115 million. Adjusted EBITDA is expected to rise by 40% year over year.
According to Benzinga Pro, EVLV stock has lost over 35% in the past year.
EVLV Price Action: Evolv Technologies shares are trading lower by 36.33% to $2.44 at last checked Friday.
Read Next: Benzinga’s ‘Stock Whisper’ Index: 5 Stocks Investors Secretly Monitor But Don’t Talk About Yet
Photo: Illustrated using artificial intelligence with Midjourney
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
