Evolv Technologies Delays Quarterly Report Due to Investigations

Evolv Technologies Holdings ((EVLV)) shared an announcement.

Evolv Technology has announced a delay in filing its quarterly financial reports because an internal investigation uncovered inaccuracies in revenue recognition. Certain financial statements from 2022 through mid-2024 should not be relied upon as sales to distributors included undisclosed terms that affected reported revenue. The company is working with outside experts to amend the affected financial statements and has self-reported the issue to the SEC, while reassuring stakeholders that it is committed to accurate disclosures and sound business fundamentals.

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