Company: EVLVW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001628280-25-026845
Chunk: 183

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 183
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10,634 — 10,634 Loss before income taxes(11,644)372 (11,272)Net loss$(11,644)$372 $(11,272)Weighted average common shares outstanding – basic and diluted153,076,719 — 153,076,719 Net loss per share - basic and diluted$(0.08)$0.01 $(0.07)Net loss$(11,644)$372 $(11,272)Other comprehensive lossCumulative translation adjustment3 — 3 Total other comprehensive loss3 — 3 Total comprehensive loss$(11,641)$372 $(11,269)(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:Cost of product revenue: ADJ 1 = $385, ADJ 3 = ($44), ADJ 4 = ($4)Cost of subscription revenue: ADJ 1 = ($56), ADJ 2 = ($1), ADJ 3 = ($171), ADJ 4  = $34Cost of service revenue: ADJ 2 = ($1), ADJ 4 = ($12) 

F-10

Table of ContentsEVOLV TECHNOLOGIES HOLDINGS, INC.NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited)

Research and development: ADJ 2 = $249, ADJ 4 =  ($58)Sales and marketing: ADJ 1 = ($11), ADJ 4 = ($135)Restated Condensed Consolidated Statement of Cash Flows(In thousands)Three Months Ended March 31, 2024As ReportedAdjustmentAs RestatedCash flows from operating activities:Net loss$(11,644)$372 $(11,272)Adjustments to reconcile net loss to net cash used in operating activities:Depreciation and amortization3,474 (17)3,457 Write-off of inventory and change in inventory reserve1,059 — 1,059 Stock-based compensation6,410 20 6,430 Amortization (accretion) of premium (discount) on marketable securities, net of change in accrued interest200 — 200 Non-cash lease expense354 — 354 Change in allowance for expected credit losses(267)— (267)Change in fair value