Evolv cuts 14% workforce; reports Q4 deployments of 6,000+ Express units and 470 new subscriptions

Evolv Technologies Holdings, Inc.

Reduction in force of 40 employees (14% of workforce); expects $2.3M pre-tax charges, $9M annualized cash savings.
Q4 2024: Surpassed 6,000 Express units deployed; activated ~470 new multi-year subscriptions.
Added 60 new customers, including ~100 school buildings and 30+ hospital buildings; now serves 1,200+ schools and 450+ hospitals.
Booked first orders for new Expedite bag-screening AI product, introduced months ago.
Cash and equivalents ~$52M, no debt; restatement progress ongoing, no unsurmountable roadblocks.

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