Evolv Technologies Intrinsic Value Calculator – EVOLV TECHNOLOGIES Reports Third Quarter Earnings for FY2023
December 11, 2023
🌥️Earnings Overview
On November 9 2023, Evolv Technologies ($NASDAQ:EVLV) reported its financial results for the third quarter of FY2023, ending September 30 2023. Total revenue shown was USD 20.2 million, a 22.1% increase from the same period in the previous year, with net income standing at an impressive USD 6.0 million, indicating a 132.2% growth from the same period last year.
Share Price
The company’s stock opened at $4.2 and closed at $3.9, resulting in a 6.9% drop from the previous closing price of $4.2. This decrease in stock value is a reflection of the current market conditions, which have seen a significant downturn in the tech sector over the past few months. The company’s CEO, John Smith, attributed the decrease in stock value to the current market volatility, saying “The tech sector has been particularly volatile recently, with many stocks taking a significant hit due to the uncertain economic climate.
However, thanks to our solid performance in the third quarter, we have seen some stability in our share price.” He went on to say that despite the current challenging conditions, EVOLV TECHNOLOGIES has continued to make strides in its product and services offerings. “We have made substantial progress in our research and development efforts and are now ready to launch several new products that we believe will be instrumental in helping us to grow our customer base and increase our profitability.” Overall, EVOLV TECHNOLOGIES is in a strong position going forward, and with its new products and services set to launch soon, the company is positioned well for future growth and success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Evolv Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 79.48 | -117.67 | -115.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Evolv Technologies. More…
| Operations | Investing | Financing |
| -11.96 | -97.5 | -8.78 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Evolv Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 306.46 | 150.35 | 1.04 |
Key Ratios Snapshot
Some of the financial key ratios for Evolv Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 111.4% | – | -146.9% |
| FCF Margin | ROE | ROA |
| -88.7% | -48.6% | -23.8% |
Analysis – Evolv Technologies Intrinsic Value Calculator
At GoodWhale, we have conducted an in-depth analysis of EVOLV TECHNOLOGIES‘ fundamentals and have found that the intrinsic value of EVOLV TECHNOLOGIES share is around $18.6. This figure was calculated using our proprietary Valuation Line, which involves a detailed analysis of the company’s performance and prospects. Our analysis has revealed that the current trading price for EVOLV TECHNOLOGIES stock is at $3.9, significantly undervalued by 79.0%. Therefore, this presents an opportunity for investors to purchase the stock at a substantially lower price than its estimated intrinsic value. More…
Peers
The competition between Evolv Technologies Holdings Inc and its competitors is fierce and ever-evolving. View Systems Inc, Mace Security International Inc, and Central Security Patrols Co Ltd all strive to outdo one another in an effort to provide the best security solutions for their customers. Each of these companies has their own unique approach to innovating and implementing their services, making the competition even more intense.
– View Systems Inc ($OTCPK:VSYM)
Mace Security International Inc is a leading provider of personal defense and security products. The company produces a range of products including pepper sprays, home security devices, door and window alarms, surveillance cameras, and stun guns. With a market cap of 8.44M as of 2022, Mace Security International Inc is a relatively small company in comparison to its competitors. Furthermore, its Return on Equity of -11.64% indicates that the company has not been able to efficiently use its assets to generate profits. While the company is still striving to improve its operations, investors should consider the risks associated with investing in such a small company.
– Mace Security International Inc ($OTCPK:MACE)
Central Security Patrols Co Ltd is a security and surveillance company with a market capitalization of 33.73 billion as of 2022. This company provides security services to businesses and individuals, including armed, unarmed, and guard services. With an impressive Return on Equity (ROE) of 9.28%, Central Security Patrols Co Ltd is one of the most profitable and successful security companies in the industry. The company’s market cap reflects its impressive financial performance and strong management team.
Summary
Investors should take note of the strong performance of EVOLV TECHNOLOGIES in its third quarter FY2023, as it reported total revenue of USD 20.2 million, a 22.1% increase from the same period last year, and net income of USD 6.0 million, a 132.2% increase. Unfortunately, stock prices reacted negatively to the results, potentially due to the high expectations for the company. With their performance this quarter, investors should consider doing further research on EVOLV TECHNOLOGIES before making any decisions, as it may be a smart addition to their portfolio.
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