Company: EVLVW
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001628280-25-021091
Chunk: 85

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 85
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| One-time inventory charges                                           |     |                     |     |      |     |   |   2,729 |     |      |     |            |    1,925 |
| Other one-time legal and regulatory costs                            |     |                     |     |      |     |   |  12,285 |     |      |     |            |    1,611 |
| Adjusted EBITDA                                                      |     |                     |     |      |     | $ | -20,978 |     |      |     | $          |  -51,846 |

#### Key Performance Indicator
We use Annual Recurring Revenue, or “ARR”, to evaluate our operating results and decision-making purposes, which is why we present this information to investors. We define ARR as subscription revenue and the recurring service revenue related to purchase subscriptions for the final month of the quarter normalized to a one-year period. Our calculation of ARR is not adjusted for the impact of any known or projected future events (such as customer cancellations, upgrades or downgrades, or price increases or decreases) that may cause any such contract not to be renewed on its existing terms. In addition, the amount of actual revenue that we recognize over any 12-month period is likely to differ from ARR at the beginning of that period, sometimes significantly. This may occur due to new bookings, cancellations, upgrades, downgrades or other changes in pending renewals, as well as the effects of professional services revenue and acquisitions or divestitures. As a result, ARR should be viewed independently of, and not as a substitute for or forecast of, revenue and deferred revenue. Our calculation of ARR may differ from similarly titled metrics presented by other companies.

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