Evolv Technologies Renews Partnership with Philadelphia Phillies
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Evolv Technologies announced that the company has renewed its partnership with the Philadelphia Phillies, extending the use of Evolv Express for fan entry screening at Citizens Bank Park. "The Phillies' renewal reflects a trend among Evolv's professional sports customers, as teams and venues that were early adopters of the company's technology approach the end of their initial subscription terms. In the Phillies' case, Express has been in use for all home games since the start of the 2023 season, screening nearly 12 million guests to date. This renewal reinforces Evolv's strong position in the Philadelphia sports market, one of five in the country in which the company serves all the major professional sports venues," the company said.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy EVLV?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on EVLV
Wall Street analysts forecast EVLV stock price to rise
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 6.050
Low
9.50
Averages
9.83
High
10.00
Current: 6.050
Low
9.50
Averages
9.83
High
10.00
About EVLV
Evolv Technologies Holdings, Inc. is a security technology company. The Company is developing artificial intelligence (AI)-based weapons detection to create safer experiences for venues and companies as well as schools, hospitals, and public spaces. Its solutions combine proprietary software and hardware, delivered as a long-term Security-as-a-Service (SaaS) subscription model and are designed to enhance security and improve the visitor experience. The Company offers two core solutions: Evolv Express and Evolv eXpedite, designed to efficiently screen high volumes of people and bags for concealed threats. Its flagship product, Evolv Express, uses advanced sensors, AI-powered software, and cloud services to not only consistently detect firearms, improvised explosives, and certain types of knives and distinguish them from many harmless items, such as cell phones and keys. In addition to screening capabilities, its solution includes Evolv Insights, a software analytics dashboard.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Evolv Technologies Renews Partnership with Philadelphia Phillies
- Partnership Continuation: Evolv Technologies has renewed its partnership with the Philadelphia Phillies, continuing to provide advanced security technology that ensures safety and enhances the spectator experience at the stadium.
- Technology Implementation: This renewal allows Evolv's contactless security screening technology to remain in use at the Phillies' home games, improving entry efficiency and reducing wait times for fans.
- Market Impact: By collaborating with the Phillies, Evolv can further solidify its market position in the sports venue security technology sector, attracting more potential clients in the industry.
- Strategic Significance: This renewal not only demonstrates the Phillies' trust in Evolv's technology but also provides Evolv with an opportunity to showcase its technological advantages, driving future business growth.
See More
Evolv Technologies to Host Investor Day 2026
- Investor Day Announcement: Evolv Technologies has announced its Investor Day scheduled for June 9, 2026, from 9:00 a.m. to 12:00 p.m. Eastern Time, where the management team will present the company's vision, strategy, and growth initiatives, aimed at boosting investor confidence in the company's future.
- Showcasing Technological Innovations: The Investor Day will highlight Evolv's AI-powered security solutions, emphasizing their ability to enhance safety experiences in iconic venues and public spaces globally, which is expected to attract more potential clients and partners.
- Market Impact: Since 2019, Evolv's systems have scanned over 3 billion people, showcasing its significant market influence in the security technology sector and further solidifying its position as an industry leader.
- Certifications and Recognition: Evolv Express® has received the SAFETY Act designation from the U.S. Department of Homeland Security as a Qualified Anti-Terrorism Technology, indicating high standards and reliability in its security technology, thereby enhancing customer trust in its solutions.
See More
Market Misunderstanding of Arlo and Evolv Technologies
- Arlo Transformation: Arlo Technologies has evolved from a camera company into a software and services platform, launching Arlo Intelligence that provides real-time security responses, with annual recurring revenue growing at 28%, indicating a successful business model transformation.
- Partnership Strategy: Arlo's expanded partnership with Samsung to provide software-only services marks a shift from hardware sales to AI software licensing, which is expected to attract more users into its ecosystem and enhance market valuation.
- Evolv Market Share: Evolv Technologies has captured a 50% market share across North American professional soccer venues, with renewals from key clients like the Houston Astros and Crypto.com Arena, demonstrating strong customer retention in sports and education sectors.
- Customer Retention Rate: Despite regulatory challenges, Evolv boasts a 92% retention rate among K-12 education customers, highlighting the actual value of its products to clients and reflecting the maturity and stability of its business model.
See More
Arlo and Evolv Transition to Software Platforms
- Arlo's Strategic Shift: Arlo Technologies is transitioning from traditional camera sales to AI-driven security software, with current stock priced around $13.50 while market estimates suggest a potential value of $24, highlighting a significant gap between the company's profitability and market perception.
- Subscription Revenue Growth: Arlo's annual recurring revenue is growing at a rate of 28%, indicating that the transformation to a software and services platform is successful, which is expected to enhance customer loyalty and market share in the future.
- Evolv Customer Renewals: Evolv Technologies achieved a 92% renewal rate among K-12 customers for its AI weapons detection systems, particularly after facing regulatory scrutiny, demonstrating the actual value of its products and customer trust.
- Market Share Expansion: Evolv has reached a 50% market share across North American professional soccer venues, and the renewal and expansion contracts with several major sports venues indicate the sustainability and growth potential of its business model.
See More
Lane Generational Acquires Stake in Evolv Technologies Holdings
- New Investment Move: Lane Generational LLC acquired 790,846 shares of Evolv Technologies Holdings in Q1 2026, with an estimated transaction value of $4.63 million, indicating confidence in the security technology firm.
- Significant Stake: This acquisition accounts for 3.81% of Lane Generational's reportable AUM, reflecting optimism about Evolv's future growth potential.
- Strong Performance: Evolv reported Q1 revenue of $46.3 million, a 45% year-over-year increase, despite facing an operating loss of $8.5 million, which is an improvement from the previous year's $14.4 million loss.
- Market Opportunity Analysis: Although Evolv's stock experienced a sell-off post-Q1 earnings announcement, its ongoing revenue growth and cost management present investors with a chance to buy at a discount, with potential for future profitability.
See More
Evolv Technologies Reports Strong Q1 Results Despite Stock Sell-Off
- Performance Overview: Evolv Technologies reported a non-GAAP loss of $0.02 per share with sales of $46.3 million in Q1, exceeding Wall Street's expectations by $2.6 million, and achieving a year-over-year growth of 44.7%, showcasing the company's competitive strength in the market.
- Guidance Upgrade: The company raised its full-year sales target to between $175 million and $180 million from a previous range of $172 million to $178 million, indicating management's confidence in future performance.
- Recurring Revenue Growth: Evolv closed Q1 with an annual recurring revenue (ARR) of $127.3 million, reflecting a 20% year-over-year increase, which lays a solid foundation for the company's long-term stability and growth.
- Market Reaction: Despite the strong Q1 results, the stock experienced a 13.5% decline, reflecting market sensitivity to short-term fluctuations, suggesting that the sell-off may be an overreaction to the company's outlook.
See More
Evolv Technologies Renews Partnership with Philadelphia Phillies
- Partnership Continuation: Evolv Technologies has renewed its partnership with the Philadelphia Phillies, continuing to provide advanced security technology that ensures safety and enhances the spectator experience at the stadium.
- Technology Implementation: This renewal allows Evolv's contactless security screening technology to remain in use at the Phillies' home games, improving entry efficiency and reducing wait times for fans.
- Market Impact: By collaborating with the Phillies, Evolv can further solidify its market position in the sports venue security technology sector, attracting more potential clients in the industry.
- Strategic Significance: This renewal not only demonstrates the Phillies' trust in Evolv's technology but also provides Evolv with an opportunity to showcase its technological advantages, driving future business growth.
See More
Evolv Technologies to Host Investor Day 2026
- Investor Day Announcement: Evolv Technologies has announced its Investor Day scheduled for June 9, 2026, from 9:00 a.m. to 12:00 p.m. Eastern Time, where the management team will present the company's vision, strategy, and growth initiatives, aimed at boosting investor confidence in the company's future.
- Showcasing Technological Innovations: The Investor Day will highlight Evolv's AI-powered security solutions, emphasizing their ability to enhance safety experiences in iconic venues and public spaces globally, which is expected to attract more potential clients and partners.
- Market Impact: Since 2019, Evolv's systems have scanned over 3 billion people, showcasing its significant market influence in the security technology sector and further solidifying its position as an industry leader.
- Certifications and Recognition: Evolv Express® has received the SAFETY Act designation from the U.S. Department of Homeland Security as a Qualified Anti-Terrorism Technology, indicating high standards and reliability in its security technology, thereby enhancing customer trust in its solutions.
See More
Market Misunderstanding of Arlo and Evolv Technologies
- Arlo Transformation: Arlo Technologies has evolved from a camera company into a software and services platform, launching Arlo Intelligence that provides real-time security responses, with annual recurring revenue growing at 28%, indicating a successful business model transformation.
- Partnership Strategy: Arlo's expanded partnership with Samsung to provide software-only services marks a shift from hardware sales to AI software licensing, which is expected to attract more users into its ecosystem and enhance market valuation.
- Evolv Market Share: Evolv Technologies has captured a 50% market share across North American professional soccer venues, with renewals from key clients like the Houston Astros and Crypto.com Arena, demonstrating strong customer retention in sports and education sectors.
- Customer Retention Rate: Despite regulatory challenges, Evolv boasts a 92% retention rate among K-12 education customers, highlighting the actual value of its products to clients and reflecting the maturity and stability of its business model.
See More
Arlo and Evolv Transition to Software Platforms
- Arlo's Strategic Shift: Arlo Technologies is transitioning from traditional camera sales to AI-driven security software, with current stock priced around $13.50 while market estimates suggest a potential value of $24, highlighting a significant gap between the company's profitability and market perception.
- Subscription Revenue Growth: Arlo's annual recurring revenue is growing at a rate of 28%, indicating that the transformation to a software and services platform is successful, which is expected to enhance customer loyalty and market share in the future.
- Evolv Customer Renewals: Evolv Technologies achieved a 92% renewal rate among K-12 customers for its AI weapons detection systems, particularly after facing regulatory scrutiny, demonstrating the actual value of its products and customer trust.
- Market Share Expansion: Evolv has reached a 50% market share across North American professional soccer venues, and the renewal and expansion contracts with several major sports venues indicate the sustainability and growth potential of its business model.
See More
Lane Generational Acquires Stake in Evolv Technologies Holdings
- New Investment Move: Lane Generational LLC acquired 790,846 shares of Evolv Technologies Holdings in Q1 2026, with an estimated transaction value of $4.63 million, indicating confidence in the security technology firm.
- Significant Stake: This acquisition accounts for 3.81% of Lane Generational's reportable AUM, reflecting optimism about Evolv's future growth potential.
- Strong Performance: Evolv reported Q1 revenue of $46.3 million, a 45% year-over-year increase, despite facing an operating loss of $8.5 million, which is an improvement from the previous year's $14.4 million loss.
- Market Opportunity Analysis: Although Evolv's stock experienced a sell-off post-Q1 earnings announcement, its ongoing revenue growth and cost management present investors with a chance to buy at a discount, with potential for future profitability.
See More
Evolv Technologies Reports Strong Q1 Results Despite Stock Sell-Off
- Performance Overview: Evolv Technologies reported a non-GAAP loss of $0.02 per share with sales of $46.3 million in Q1, exceeding Wall Street's expectations by $2.6 million, and achieving a year-over-year growth of 44.7%, showcasing the company's competitive strength in the market.
- Guidance Upgrade: The company raised its full-year sales target to between $175 million and $180 million from a previous range of $172 million to $178 million, indicating management's confidence in future performance.
- Recurring Revenue Growth: Evolv closed Q1 with an annual recurring revenue (ARR) of $127.3 million, reflecting a 20% year-over-year increase, which lays a solid foundation for the company's long-term stability and growth.
- Market Reaction: Despite the strong Q1 results, the stock experienced a 13.5% decline, reflecting market sensitivity to short-term fluctuations, suggesting that the sell-off may be an overreaction to the company's outlook.
See More
