Evolv Technologies Holdings, Inc. (NASDAQ: EVLV) saw its stock price surge 5.42% in after-hours trading on Tuesday following the release of its impressive first-quarter 2025 financial results and an optimistic outlook for the full year.
The security technology company, specializing in AI-based solutions, reported a significant 44% year-over-year increase in total revenue, reaching $32.0 million for Q1 2025. This figure surpassed analyst expectations of $27.94 million. Evolv also posted an adjusted loss of $0.02 per share, beating the consensus estimate of a $0.04 loss and showing substantial improvement from the $0.08 loss per share in the same quarter last year.
Adding to the positive sentiment, Evolv Technologies raised its revenue guidance for the full year 2025. The company now expects revenue to be between $125 million and $130 million, surpassing the average analyst forecast of $124.3 million. This upward revision in the outlook, coupled with the strong Q1 performance, appears to have fueled investor enthusiasm and driven the stock's after-hours rally.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.