Company: EVLVW
Filing Date: 2025-04-28
Form Type: 10-Q
Source: 0001628280-25-020353
Chunk: 188

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-04-28
Form: 10-Q
Item: Part I, Item 1
Chunk 188
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 — 34 1 — 1 Total other comprehensive income (loss)34 — 34 1 — 1 Total comprehensive income (loss)$6,033 $(953)$5,080 $(89,363)$(1,486)$(90,849)(a) Category references are described above. Where adjustments relate to multiple categories, the adjustment amounts of each category are noted below and sum to the total adjustment reflected in the table above:Three months ended:Subscription revenue: ADJ 1 = ($373)Service revenue: AD1 = ($90)Cost of product revenue: ADJ 1 = $346, ADJ 2 = ($3)Cost of subscription revenue: ADJ 1 = ($75), ADJ 2 = $1Sales and marketing: ADJ 1 = ($14), ADJ 2 = $503Nine months ended:Subscription revenue: ADJ 1 = ($907), ADJ 2 = ($21)Service revenue: ADJ 1 = ($397), ADJ 2 = $21Cost of product revenue: ADJ 1 = $2,128, ADJ 2 = ($306)Cost of subscription revenue: ADJ 1 = ($174), ADJ 2 = ($38)Sales and marketing: ADJ 1 = $26, ADJ 2 = $280Restated Condensed Consolidated Statement of Cash Flows(In thousands)Nine Months Ended September 30, 2023As ReportedAdjustmentAs RestatedCash flows from operating activities:Net loss$(89,364)$(1,486)$(90,850)Adjustments to reconcile net loss to net cash used in operating activities:Depreciation and amortization6,781 (211)6,570 Write-off of inventory and change in inventory reserve581 (303)278 Loss from impairment of property and equipment322 — 322 Stock-based compensation17,303 468 17,771 Non-cash interest expense22 — 22 Amortization (accretion) of premium (discount) on marketable securities, net of change in accrued interest(482)— (482)Non-cash lease expense136 — 136 Change in allowance for expected credit losses237 — 237 Loss on extinguishment of debt626 — 626 Change in fair value of earn-out liability17,353 — 17,353 Change in fair value