Company: EVLVW
Filing Date: 2025-04-28
Form Type: 10-K
Source: 0001628280-25-020355
Chunk: 182

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-04-28
Form: 10-K
Item: Item 8
Chunk 182
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$15 $419,212 $(10)$(192,599)$226,618 Issuance of common stock upon exercise of stock options1,735,978 — 668 — — 668 Issuance of common stock upon vesting of restricted stock units3,265,155 — — — — — Issuance of common stock upon exercise of warrants1,103,973 — 464 — — 464 Stock-based compensation cost (restated)— — 24,481 — — 24,481 Cumulative translation adjustment— — — (43)— (43)Net loss (restated)— — — — (108,048)(108,048)Balances at December 31, 2023 (restated)151,310,080 15 444,825 (53)(300,647)144,140 Issuance of common stock upon exercise of stock options2,557,792 1 1,809 — — 1,810 Issuance of common stock upon vesting of restricted stock units5,734,197 — — — — — Stock-based compensation cost— — 25,697 — — 25,697 Cumulative translation adjustment— — — 21 — 21 Net loss— — — — (54,017)(54,017)Balances at December 31, 2024159,602,069 $16 $472,331 $(32)$(354,664)$117,651 

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

119

EVOLV TECHNOLOGIES HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

Year Ended December 31, 202420232022(Restated)(Restated)Cash flows from operating activities:Net loss$(54,017)$(108,048)$(86,795)Adjustments to reconcile net loss to net cash used in operating activities:Depreciation and amortization17,375 9,702 5,443 Write-off of inventory and change in inventory reserve2,578 1,309 1,582 Adjustment to property and equipment for sales type leases— — (625)Loss from impairment of property and equipment