Evolv Technologies Inc. (NASDAQ: EVLV) is a leader in AI weapons/gun/concealed weapon detection. The company delivered its fourth-quarter earnings report after the market closed on March 10. The results were solid, starting with a double beat on the top and bottom lines.
Revenue for the quarter came in at $38.50 million, topping the forecast of $36.44 million by 5.65%. The bigger story, however, was the company’s bottom line. Adjusted earnings per share came in at 6 cents, well ahead of expectations for a loss of 8 cents per share.
