NasdaqCM:EVLVElectronic
Evolv (EVLV) Stock Sinks As EBITDA Turns Positive But Doubts Linger
Evolv Technologies Holdings stock closed at US$5.72, down about 5% on the day, as investors reacted quickly to fresh Q2 numbers. The move comes after a softer week and month for the shares, which have both slipped around 4%. The emotional trigger today is clear: management put front and center a double headline of 34% year on year revenue growth to US$43.8 million and a 10.1% adjusted earnings before interest, taxes, depreciation and amortization margin. The question now is whether that...