Company: EVLVW
Filing Date: 2025-04-28
Form Type: 10-Q
Source: 0001628280-25-020353
Chunk: 255

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-04-28
Form: 10-Q
Item: Part I, Item 8
Chunk 255
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Three Months Ended September 30, 2023Nine Months Ended September 30, 2023Adj. Reference(a)As ReportedAdjustmentAs RestatedAs ReportedAdjustmentAs RestatedRevenue:Product revenueADJ 1$3,191 $265 $3,456 $19,188 $1,732 $20,920 Subscription revenueADJ 1, ADJ 210,231 (373)9,858 24,661 (928)23,733 Service revenueADJ 1, ADJ 24,435 (90)4,345 11,126 (376)10,750 License fee and other revenueADJ 12,334 (32)2,302 3,622 (40)3,582 Total revenue20,191 (230)19,961 58,597 388 58,985 Cost of revenue:Cost of product revenueADJ 1, ADJ 23,153 343 3,496 21,453 1,822 23,275 Cost of subscription revenueADJ 1, ADJ 24,231 (74)4,157 9,988 (212)9,776 Cost of service revenue1,219 — 1,219 2,816 — 2,816 Cost of license fee and other revenue198 — 198 772 — 772 Total cost of revenue8,801 269 9,070 35,029 1,610 36,639 Gross profit11,390 (499)10,891 23,568 (1,222)22,346 Operating expenses:Research and developmentADJ 26,409 (23)6,386 18,193 (23)18,170 Sales and marketingADJ 1, ADJ 213,919 489 14,408 40,336 306 40,642 General and administrativeADJ 211,273 (12)11,261 31,073 (19)31,054 Loss from impairment of property and equipment28 — 28 322 — 322 Total operating expenses31,629 454 32,083 89,924 264 90,188 Loss from operations(20,239)(953)(21,192)(66,356)(1,