Evolv Technologies Secures Stadium Screening Deal, Forecasts 26% Q4 Revenue Growth
Evolv Technologies is set to report fourth-quarter results on March 10, with consensus forecasts calling for a $0.08 per share loss and revenue of $36.66 million, marking 26% year-over-year growth. The company won a contract to provide its touchless screening technology at Miami Freedom Park stadium.
1. Q4 Earnings Outlook
Evolv Technologies will release its fourth-quarter results on March 10. Analysts expect a net loss of $0.08 per share alongside $36.66 million in revenue, representing 26% year-over-year growth in sales.
2. Major Stadium Contract Win
Evolv secured a contract to deploy its touchless security screening system at Miami Freedom Park stadium. The deal covers guest ingress screening at the 25,000-seat venue, marking the company’s largest live sports installation to date.
3. Recent Stock Movement
Shares of Evolv jumped 3.06% following news of the stadium deal and ahead of the upcoming earnings report. Investors are weighing the revenue growth outlook against the projected quarterly loss.