Why Evolv Technology Stock Jumped 17.9% on Thursday

Shares of security company Evolv Technologies Holdings (NASDAQ: EVLV) jumped as much as 26.1% in trading on Thursday after reporting third-quarter 2021 financial results. Shares closed the day up 17.9%. 

Total revenue in the quarter was up 473% from a year ago to $8.4 million, and the total contract value of orders booked in the quarter was $16.9 million. Net income was $23.2 million in the quarter, or $0.15 per share, but that included $41.7 million of gains on the fair value of items.

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Source Fool.com