Evolv technology reports record second quarter financial results

Waltham, mass.--(business wire)--evolv technology (nasdaq: evlv), the leader in ai-based weapons detection security screening, today announced financial results for the quarter ended june 30, 2023 and raised its business outlook for 2023. results for the second quarter of 2023 total revenue for the second quarter of 2023 was $19.8 million, an increase of 119% compared to $9.1 million for the second quarter of 2022. annual recurring revenue (“arr”)1 was $54.3 million at the end of second quarter.
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