Company: EVLVW
Filing Date: 2025-04-28
Form Type: 10-K
Source: 0001628280-25-020355
Chunk: 193

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-04-28
Form: 10-K
Item: Item 8
Chunk 193
---
224 322 1,161 Loss from impairment of intangible asset983 — — Stock-based compensation24,756 24,129 22,520 Non-cash interest expense— 22 55 Amortization (accretion) of premium (discount) on marketable securities, net of change in accrued interest447 (575)— Non-cash lease expense1,420 478 811 Change in allowance for expected credit losses152 382 150 Loss on extinguishment of debt— 626 — Change in fair value of earn-out liability(16,310)14,901 (6,988)Change in fair value of contingently issuable common stock(2,529)3,138 (1,872)Change in fair value of public warrant liability(6,592)4,765 (4,906)Changes in operating assets and liabilitiesAccounts receivable(6,997)4,510 (20,112)Inventory(7,852)960 (10,633)Commission assets(1,360)(2,779)(3,493)Contract assets905 1,383 1,133 Other assets467 633 (419)Prepaid expenses and other current assets(964)(2,426)(3,317)Accounts payable192 (5,963)7,661 Deferred revenue12,815 39,488 23,388 Accrued expenses and other current liabilities4,534 3,857 1,462 Operating lease liability(1,080)(615)(946)Net cash used in operating activities(30,853)(9,801)(74,740)Cash flows from investing activities:Development of internal-use software(6,125)(3,535)(2,720)Purchases of property and equipment(31,189)(69,134)(21,461)Proceeds from sale of property and equipment— 270 312 Purchases of marketable securities(29,367)(89,898)— Proceeds from maturities of marketable securities65,282 39,184 — Net cash provided by (used in) investing activities(1,399)(123,113)(23,869)Cash flows from financing activities:Proceeds from exercise of stock options1,809 668 827 Proceeds from long-term debt— 1,876 29,683 Repayment of principal on long-term debt