Evolv technologies (evlv) shares crash after admitting to improper revenue recognition - hagens berman

San francisco, ca / accesswire / november 22, 2024 / on nov. 13, 2024 evolv technologies holdings, inc. (nasdaq:evlv) announced that it would not timely file its quarterly report with the securities and exchange commission because of its pending investigations into the company's sales practices. the company said that "certain sales, including sales to one of its largest channel partners, were subject to extra-contractual terms and conditions, some of which were not shared with the company's accounting personnel, and that certain company personnel engaged in misconduct in connection with those transactions.
EVLV Ratings Summary
EVLV Quant Ranking