Company: EVLVW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001805385-25-000017
Chunk: 64

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 4
Chunk 64
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 in this Quarterly Report on Form 10-Q and is incorporated by reference herein.

ITEM 1A. RISK FACTORS

Our business involves significant risks and uncertainties, some of which are described below. You should carefully consider the risks and uncertainties described below as well as in Management's Discussion and Analysis of Financial Condition and Results of Operations, Legal Proceedings, and Controls and Procedures and of this Quarterly Report on Form 10-Q. The realization of any of these risks and uncertainties could have a material adverse effect on our reputation, business, financial condition, results of operations, growth, and future prospects as well as our ability to accomplish our strategic objectives. In that event, the market price of our common stock could decline and you could lose part or all of your investment.

Summary Risk Factors

The principal risks and uncertainties affecting our business include, among other, things the following:

•We identified certain misstatements to our previously issued financial statements and have restated the financial statements described below, which has exposed us to a number of additional risks and uncertainties.

•We have identified material weaknesses in our internal control over financial reporting. 

•Our failure to prepare and timely file our periodic reports with the SEC limits our access to the public markets to raise debt or equity capital.

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•We have not been profitable historically and may not achieve or maintain profitability in the future.

•Our operating results may fluctuate for a variety of reasons.

•If we fail to maintain successful relationships with our reseller partners, or if our partners fail to perform, our ability to market, sell and 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