Company: EVLVW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001628280-25-026845
Chunk: 174

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 174
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 maturities of marketable securities14,800 29,241 Net cash used in investing activities(9,361)(6,720)Cash flows from financing activities:Proceeds from exercise of stock options20 302 Net cash provided by financing activities20 302 Effect of exchange rate changes on cash and cash equivalents(46)3 Net decrease in cash, cash equivalents and restricted cash(11,926)(22,566)Cash, cash equivalents and restricted cashCash, cash equivalents and restricted cash at beginning of period37,015 67,437 Cash, cash equivalents and restricted cash at end of period$25,089 $44,871 Supplemental disclosure of non-cash activitiesTransfer of property and equipment to inventory$564 $468 Capital expenditures incurred but not yet paid3,098 12,030 Capitalization of stock compensation247 175 Operating lease liabilities arising from obtaining right-of-use assets— 1,694 Reconciliation of cash, cash equivalents and restricted cash:Cash and cash equivalents$25,089 $44,596 Restricted cash, noncurrent— 275 Total cash, cash equivalents and restricted cash shown in the statements of cash flows$25,089 $44,871 

The accompanying notes are an integral part of these condensed consolidated financial statements.

F-4

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

1. Nature of the Business and Basis of Presentation

Evolv Technologies Holdings, Inc. (the “Company”), a Delaware corporation, is a leading security technology company with products designed to transform human security to make a safer, faster, and better experience for the world's most iconic venues and companies as well as schools, hospitals, and public spaces, using industry leading artificial intelligence (AI)-powered screening and analytics. The Company recently launched a new product offering, Evolv eXpedite™, an autonomous AI-based weapons detection system for bags. This new offering, as well as existing products such as Evolv Express®, are designed to be integrated layers for detection as part of a unified Evolv Safer Experience System™. These products and their associated services are designed to capture valuable visitor data customers can leverage to inform their security operations, while providing end-users with an approachable and non-intrusive security experience. The Company is headquartered in Waltham, Massachusetts.As used in this Quarterly Report