Company: EVLVW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001805385-25-000009
Chunk: 326

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 326
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 distribute our products will be limited.

•Increases in component costs, long lead times, and supply shortages and changes could disrupt our supply chain.

•Delays in production, increases in prices charged or the loss of a limited or sole source supplier could have an adverse effect on our business, financial condition and operating results.

•We recognize a substantial portion of our revenue ratably over the term of our agreements with customers and, as a result, downturns or upturns in sales may not be immediately reflected in our operating results.

•If we are unable to compete effectively with new entrants and other potential competitors, our sales and profitability could be adversely affected.

•A portion of our revenue is generated by sales to government entities, which are subject to challenges and risks. 

•If we are not able to maintain and enhance our brand or reputation as an industry leader, our business and operating results may be adversely affected.

•We may acquire or invest in other companies or technologies in the future, which brings with it risks.

•If our products fail or are perceived to fail to detect threats, or if our products contain undetected errors or defects, these failures or errors could result in injury or loss of life.

•If our customers are unable to implement our products successfully, or if we fail to effectively assist our customers in installing our products and provide effective ongoing support and training, customer perceptions of our products may be impaired, or our reputation and brand may suffer.

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•The loss of designation of our Evolv Express system as a Qualified Anti-Terrorism Technology under the Homeland Security SAFETY Act could result in adverse reputational and financial consequences.

•The AI-based weapons detection for security screening market is new and evolving and may not grow as expected or may develop more slowly or differently than we expect. 

•We use AI and machine learning in our development process and in our AI-based weapon detection products.

•We may be unable to acquire new customers or sell additional products to our customers and maintain retention rates.

•We may not successfully anticipate market needs and enhance our existing products or develop new products that meet those needs on a timely basis.

•We incorporate technology and components from third parties into our products, and our inability to obtain or maintain rights to the technology could harm our business.

•Our use of “open source” software could subject our proprietary software to certain disclosure obligations, negatively affect our ability to offer our products and subject us to possible litigation.

•Our products collect and store personal data about individuals.

•If we do not effectively