Evolv Technologies Holdings Inc
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
EVLV$4.76+4.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share amounts)
| June 30, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $35,698 | $67,162 |
| Restricted cash | — | 275 |
| Marketable securities | 20,757 | 51,289 |
| Accounts receivable, net of allowance for expected credit losses of $785 and $582 as of June 30, 2024 and December 31, 2023, respectively * | 36,428 | 22,611 |
| Inventory | 18,604 | 9,507 |
| Current portion of contract assets | 1,690 | 3,707 |
| Current portion of commission asset | 4,810 | 4,339 |
| Prepaid expenses and other current assets | 19,912 | 16,954 |
| Total current assets | 137,899 | 175,844 |
| Restricted cash, noncurrent | 275 | — |
| Contract assets, noncurrent | 144 | 451 |
| Commission asset, noncurrent | 7,128 | 7,107 |
| Property and equipment, net | 120,045 | 112,921 |
| Operating lease right-of-use assets | 2,161 | 1,195 |
| Other assets | 865 | 1,202 |
| Total assets | $268,517 | $298,720 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $5,574 | $17,400 |
| Accrued expenses and other current liabilities | 15,913 | 15,578 |
| Current portion of deferred revenue | 56,168 | 47,677 |
| Current portion of operating lease liabilities | 1,754 | 1,391 |
| Total current liabilities | 79,409 | 82,046 |
| Deferred revenue, noncurrent | 23,655 | 23,813 |
| Operating lease liabilities, noncurrent | 566 | — |
| Contingent earn-out liability | 5,706 | 29,119 |
| Contingently issuable common stock liability | 2,256 | 6,530 |
| Public warrant liability | 3,852 | 10,889 |
| Total liabilities | 115,444 | 152,397 |
| Commitments and contingencies (Note 14) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.0001 par value; 100,000,000 authorized at June 30, 2024 and December 31, 2023; no shares issued and outstanding at June 30, 2024 and December 31, 2023 | — | — |
| Common stock, $0.0001 par value; 1,100,000,000 shares authorized at June 30, 2024 and December 31, 2023; 157,474,122 and 151,310,080 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively | 16 | 15 |
| Additional paid-in capital | 459,745 | 444,825 |
| Accumulated other comprehensive loss | (42) | (53) |
| Accumulated deficit | (306,646) | (298,464) |
| Stockholders’ equity | 153,073 | 146,323 |
| Total liabilities and stockholders’ equity | $268,517 | $298,720 |
*Includes related party accounts receivable, net of $2.9 million and $1.7 million as of June 30, 2024 and December 31, 2023, respectively.
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