Evolv Technology releases updated security screening software

WALTHAM, Mass. - Evolv Technology (NASDAQ:EVLV), a security technology company with a market capitalization of $1.32 billion and impressive revenue growth of 37% in the last twelve months, has released new software updates for its AI-based security screening solutions, the company announced in a press release.

The updates apply to the company’s Evolv Express and Evolv eXpedite screening systems, as well as its MyEvolv and Evolv Insights analytics platforms, which are currently deployed across more than 7,000 systems serving over 1,000 customers worldwide. According to InvestingPro data, this expanding market presence has contributed to the company’s strong performance, with the stock surging over 154% in the past six months.

Key features in the update include an integrated tablet that allows security personnel to manage alerts from both Express and eXpedite systems on a single device, enhanced detection capabilities for firearms, expanded alert tag options for more precise threat categorization, and customizable sensitivity settings.

The company has also added real-time service monitoring that automatically identifies system issues and creates support cases without requiring customer intervention.

"At Evolv, innovation means never settling. With every release, we challenge ourselves to do better, for our customers, for safety, and for the future," said John Kedzierski, CEO and President of Evolv Technology, according to the press release.

Michelle Ryan, Senior Security Director at New York-Presbyterian, noted that the expanded alert tags improve reporting precision and security measures, while Chris Pearson, Director of School Safety at Harnett County Schools, highlighted the value of the new sensitivity tuning capabilities.

Evolv Technology states its systems have screened more than three billion people since 2019. The company’s security solutions are designed to detect potential threats while maintaining efficient screening experiences at venues including schools, hospitals, and public spaces.

The announcement comes as part of Evolv’s ongoing efforts to enhance its security technology through regular software updates delivered to its cloud-connected systems. While the company maintains a moderate debt level and shows promising growth, InvestingPro analysis suggests the stock is currently trading above its Fair Value. For detailed insights and 8 additional ProTips about EVLV, including comprehensive valuation metrics and growth projections, investors can access the full Pro Research Report on InvestingPro.

In other recent news, Evolv Technologies Holdings Inc. reported strong financial results for the second quarter of 2025, with revenue reaching $32.5 million, marking a 29% increase year-over-year. This exceeded consensus expectations of $30.9 million, driven largely by new customer acquisitions. The company’s earnings per share also outperformed forecasts, coming in at -0.02 USD compared to the expected -0.05 USD. Following these results, Cantor Fitzgerald raised its price target for Evolv to $9.00, maintaining an Overweight rating. Lake Street Capital Markets upgraded Evolv’s stock rating from Hold to Buy, also setting a $9.00 price target. TD Cowen reinstated its coverage with a Buy rating and a $10.00 price target, citing improved management and diminished regulatory concerns. Additionally, Evolv has renewed and expanded its security screening partnership with Gillette Stadium, increasing the number of entry points utilizing their AI-based systems. The company also secured a new industrial contract with a Fortune 50 company, highlighting its ongoing expansion across various sectors.

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