Evolv Technologies Holdings ( (EVLV) ) has released a notification of late filing.
Evolv Technologies Holdings has announced a delay in filing its Form 10-K (Yearly Report) for the financial period ending December 31, 2024. The delay is primarily due to misstatements in financial data related to sales transactions, which were discovered following an investigation by an independent committee. These misstatements involved premature revenue recognition and were not initially reported to the company’s Audit Committee or its accounting firm, PwC. The company has been granted an extension by Nasdaq to file the necessary reports by May 19, 2025. Evolv Technologies is working to amend its financial statements and expects significant changes in its financial results due to these corrections. The company has also identified material weaknesses in its internal controls, which contributed to the reporting issues. The notification was signed by Rachel Roy, General Counsel and Secretary, as part of the company’s ongoing compliance efforts.
More about Evolv Technologies Holdings
YTD Price Performance: -23.93%
Average Trading Volume: 1,316,452
Technical Sentiment Signal: Strong Buy
Current Market Cap: $475.8M
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