Company: EVLVW
Filing Date: 2025-04-28
Form Type: 10-K
Source: 0001628280-25-020355
Chunk: 157

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-04-28
Form: 10-K
Item: Item 7
Chunk 157
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 EndedJune 30,20222021$ Change% Change(Restated)Revenue:Product revenue$9,358 $4,884 $4,474 92 %Subscription revenue6,776 2,748 4,028 147 Service revenue1,108 362 746 206 License fee and other revenue389 377 12 3 Total revenue17,631 8,371 9,260 111 Cost of revenue:Cost of product revenue10,553 4,419 6,134 139 Cost of subscription revenue3,549 1,803 1,746 97 Cost of service revenue1,152 540 612 113 Cost of license fee and other revenue1,102 432 670 155Total cost of revenue16,356 7,194 9,162 127 Gross profit1,275 1,177 98 8 Operating expenses:Research and development8,549 4,787 3,762 79 Sales and marketing21,277 7,732 13,545 175 General and administrative20,391 4,523 15,868 351 Loss from impairment of property and equipment849 — 849 *Total operating expenses51,066 17,042 34,024 200 Loss from operations(49,791)(15,865)(33,926)(214)Other income (expense), net:Interest expense(301)(5,657)5,356 95 Interest income559 — 559 *Other expense, net— — — *Loss on extinguishment of debt— (11,820)11,820 *Change in fair value of derivative liability(2,220)2,220 *Change in fair value of contingent earn-out liability2,509 — 2,509 *Change in fair value of contingently issuable common stock liability1,448 — 1,448 *Change in fair value of public warrant liability5,443 — 5,443 *Change in fair value of common stock warrant liability(921)921 *Total other income (expense), net9,658 (20,618)30,276 147 Net loss$(40,133)$(36,483)$(3,650)(10)%Gross profit margin:Product revenue(13) %10 %N