EVLV - Evolv Technologies reports Q1 results raises FY 2023 revenue guidance

2023-05-10 16:47:46 ET

• Evolv Technologies press release ( NASDAQ: EVLV ): Q1 Non-GAAP EPS of -$0.12.
• Revenue of $18.6M (+113.8% Y/Y) beats by $3.25M .
• Q1 Ending ARR of $42.0 million, up 153% year-over-year.
• Q1 Ending RPO of $161.8 million, up 154% year-over-year.
• Sees FY 2023 revenue of $60M to $65M. EVLV had guided FY 2023 revenue of $55M to $60M. The consensus estimate is $60.92M.
• Sees FY 2023 ending annual recurring revenue of $67M to $71M. EVLV had guided FY 2023 ending annual recurring revenue of $65M to $70M.

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