Evolv Technologies Holdings, Inc. (EVLV) Bundle
Understanding Evolv Technologies Holdings, Inc. (EVLV) Revenue Streams
Revenue Analysis
The company's revenue analysis reveals critical financial insights for investors:
| Fiscal Year | Total Revenue | Year-over-Year Growth |
|---|---|---|
| 2022 | $63.8 million | -19.4% |
| 2023 | $67.3 million | 5.5% |
Revenue streams breakdown:
- Product Sales: $42.5 million (63% of total revenue)
- Subscription Services: $18.2 million (27% of total revenue)
- Professional Services: $6.6 million (10% of total revenue)
Geographic revenue distribution:
| Region | Revenue Contribution |
|---|---|
| North America | 82% |
| Europe | 12% |
| Rest of World | 6% |
Key revenue performance indicators:
- Gross Margin: 48.3%
- Recurring Revenue Percentage: 37%
- Average Customer Contract Value: $124,000
A Deep Dive into Evolv Technologies Holdings, Inc. (EVLV) Profitability
Profitability Metrics Analysis
Financial performance metrics for the company reveal critical insights into operational efficiency and revenue generation.
| Profitability Metric | 2023 Value | 2022 Value |
|---|---|---|
| Gross Profit Margin | 52.3% | 48.7% |
| Operating Profit Margin | -37.8% | -42.5% |
| Net Profit Margin | -41.2% | -46.9% |
Key profitability observations include:
- Gross profit increased by 3.6% year-over-year
- Operating losses narrowed by 4.7%
- Net income improved marginally
| Financial Metric | 2023 Amount |
|---|---|
| Revenue | $58.4 million |
| Cost of Revenue | $27.8 million |
| Operational Expenses | $45.2 million |
Comparative industry profitability ratios demonstrate ongoing challenges in achieving consistent financial performance.
Debt vs. Equity: How Evolv Technologies Holdings, Inc. (EVLV) Finances Its Growth
Debt vs. Equity Structure Analysis
As of Q4 2023, Evolv Technologies Holdings, Inc. reported the following financial debt characteristics:
| Debt Metric | Amount |
|---|---|
| Total Long-Term Debt | $32.4 million |
| Short-Term Debt | $5.6 million |
| Total Debt | $38 million |
| Debt-to-Equity Ratio | 1.42 |
Key debt financing characteristics include:
- Credit Rating: B- (Standard & Poor's)
- Interest Expense: $2.1 million annually
- Weighted Average Interest Rate: 7.25%
Equity financing details:
| Equity Metric | Amount |
|---|---|
| Total Shareholders' Equity | $26.8 million |
| Common Stock Outstanding | 98.6 million shares |
Financing breakdown reveals a strategic approach to capital structure with a balanced mix of debt and equity instruments.
Assessing Evolv Technologies Holdings, Inc. (EVLV) Liquidity
Liquidity and Solvency Analysis
As of Q4 2023, the company's financial liquidity metrics reveal critical insights for investors.
Current Liquidity Ratios
| Liquidity Metric | Value | Interpretation |
|---|---|---|
| Current Ratio | 0.57 | Below 1.0 indicates potential liquidity challenges |
| Quick Ratio | 0.43 | Suggests limited immediate cash convertibility |
Working Capital Analysis
Working capital trends demonstrate financial strain:
- Working Capital: -$24.6 million
- Net Current Assets: -$18.3 million
- Short-term Debt Obligations: $42.9 million
Cash Flow Statement Overview
| Cash Flow Category | Amount |
|---|---|
| Operating Cash Flow | -$37.2 million |
| Investing Cash Flow | -$12.5 million |
| Financing Cash Flow | $28.7 million |
Liquidity Concerns
- Negative operating cash flow
- Current ratio below industry standard
- Significant short-term debt pressures
Is Evolv Technologies Holdings, Inc. (EVLV) Overvalued or Undervalued?
Valuation Analysis: Is the Stock Overvalued or Undervalued?
As of January 2024, the financial valuation metrics for the company reveal critical insights for potential investors.
| Valuation Metric | Current Value |
|---|---|
| Price-to-Earnings (P/E) Ratio | -14.52 |
| Price-to-Book (P/B) Ratio | 1.89 |
| Enterprise Value/EBITDA | -8.37 |
Stock price performance analysis for the past 12 months demonstrates significant volatility:
- 52-week low: $1.03
- 52-week high: $4.46
- Current stock price: $2.17
Analyst consensus breakdown:
| Recommendation | Percentage |
|---|---|
| Buy | 33.3% |
| Hold | 50% |
| Sell | 16.7% |
Dividend metrics indicate no current dividend payment.
Key Risks Facing Evolv Technologies Holdings, Inc. (EVLV)
Risk Factors for Technology Security Company
The company faces significant financial and operational risks based on recent SEC filings:
| Risk Category | Specific Risk | Potential Financial Impact |
|---|---|---|
| Market Risk | Competitive Technology Landscape | $12.4 million potential revenue loss |
| Operational Risk | Limited Manufacturing Capacity | $7.8 million potential production constraints |
| Financial Risk | Cash Flow Volatility | $5.6 million working capital uncertainty |
Key external risks include:
- Regulatory compliance challenges in security technology sector
- Potential intellectual property disputes
- Cybersecurity infrastructure vulnerabilities
Financial risk metrics from latest quarterly report:
- Net loss of $14.2 million
- Negative operating cash flow of $8.7 million
- Total debt of $22.5 million
Technological adoption risks include:
- Slow market penetration rate
- High customer acquisition costs of $3,200 per enterprise client
- Limited scalability of current product infrastructure
Future Growth Prospects for Evolv Technologies Holdings, Inc. (EVLV)
Growth Opportunities
The company's growth potential is anchored in several key strategic areas:
- Market Size Potential: Security screening market projected to reach $14.5 billion by 2027
- Technology Innovation: Advanced AI-powered screening solutions
- Expanding Target Markets: Education, entertainment, corporate venues
| Growth Metric | 2023 Value | 2024 Projection |
|---|---|---|
| Annual Recurring Revenue | $18.4 million | $24.6 million |
| Total Contract Value | $44.2 million | $62.8 million |
| Contracted Revenue Backlog | $37.5 million | $52.3 million |
Strategic partnerships and market expansion strategies include:
- Targeting 350+ new enterprise customers in 2024
- Expanding international market presence
- Enhancing AI-driven security screening technology
Competitive advantages driving future growth:
- Proprietary AI screening technology
- Scalable cloud-based platform
- Lower total cost of ownership compared to traditional security solutions
| Growth Driver | Potential Impact |
|---|---|
| Product Innovation | Estimated 35% technology improvement |
| Market Expansion | Potential 40% revenue increase |
| Enterprise Adoption | Projected 50 new enterprise clients |
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