2023 Q4 Form 10-Q Financial Statement

#000162828023038311 Filed on November 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $21.82M $20.19M
YoY Change 4.48% 22.15%
Cost Of Revenue $11.56M $8.801M
YoY Change -44.51% -46.02%
Gross Profit $10.26M $11.39M
YoY Change 18901.85% 4962.22%
Gross Profit Margin 47.02% 56.41%
Selling, General & Admin $25.91M $25.19M
YoY Change 18.17% 22.38%
% of Gross Profit 252.46% 221.18%
Research & Development $6.262M $6.409M
YoY Change 29.81% 14.12%
% of Gross Profit 61.03% 56.27%
Depreciation & Amortization $3.151M $2.700M
YoY Change 87.23% 92.86%
% of Gross Profit 30.71% 23.71%
Operating Expenses $32.17M $31.63M
YoY Change 20.27% 17.9%
Operating Profit -$21.91M -$20.24M
YoY Change -17.93% -23.92%
Interest Expense $1.630M $0.00
YoY Change 22.46% -100.0%
% of Operating Profit
Other Income/Expense, Net $3.437M $26.24M
YoY Change -221.84% 228.51%
Pretax Income -$16.84M $6.000M
YoY Change -40.51% -132.23%
Income Tax $51.00K $0.00
% Of Pretax Income 0.0%
Net Earnings -$16.89M $5.999M
YoY Change -40.33% -132.23%
Net Earnings / Revenue -77.4% 29.71%
Basic Earnings Per Share $0.04
Diluted Earnings Per Share -$0.11 $0.03
COMMON SHARES
Basic Shares Outstanding 151.1M shares 150.0M shares
Diluted Shares Outstanding 174.0M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $118.5M $139.1M
YoY Change -48.45% -36.34%
Cash & Equivalents $67.16M $99.62M
Short-Term Investments $51.29M $39.50M
Other Short-Term Assets $1.334M $21.40M
YoY Change 19.75% 1773.91%
Inventory $9.507M $7.826M
Prepaid Expenses $1.868M
Receivables $22.61M $29.79M
Other Receivables $0.00 $0.00
Total Short-Term Assets $175.8M $201.8M
YoY Change -39.9% -26.56%
LONG-TERM ASSETS
Property, Plant & Equipment $112.9M $94.00M
YoY Change 152.58% 131.9%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.202M $8.600M
YoY Change -34.5% 24.15%
Total Long-Term Assets $122.9M $104.7M
YoY Change 121.27% 105.79%
TOTAL ASSETS
Total Short-Term Assets $175.8M $201.8M
Total Long-Term Assets $122.9M $104.7M
Total Assets $298.7M $306.5M
YoY Change -14.19% -5.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.40M $13.89M
YoY Change -4.36% 24.67%
Accrued Expenses $16.97M $13.80M
YoY Change 34.05% 59.87%
Deferred Revenue $47.68M $53.04M
YoY Change 160.92% 234.6%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $82.05M $80.75M
YoY Change 38.76% 97.04%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $70.35M $69.60M
YoY Change 66.23% 122.36%
Total Long-Term Liabilities $0.00 $0.00
YoY Change -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $82.05M $80.75M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $152.4M $150.4M
YoY Change 25.81% 94.65%
SHAREHOLDERS EQUITY
Retained Earnings -$298.5M -$281.6M
YoY Change 55.28% 71.79%
Common Stock $15.00K $15.00K
YoY Change 0.0% 7.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $146.3M $156.1M
YoY Change
Total Liabilities & Shareholders Equity $298.7M $306.5M
YoY Change -14.19% -5.88%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$16.89M $5.999M
YoY Change -40.33% -132.23%
Depreciation, Depletion And Amortization $3.151M $2.700M
YoY Change 87.23% 92.86%
Cash From Operating Activities -$3.143M $1.850M
YoY Change -40.78% -110.93%
INVESTING ACTIVITIES
Capital Expenditures $17.49M $18.48M
YoY Change 346.24% -399.27%
Acquisitions
YoY Change
Other Investing Activities -$12.83M -$39.61M
YoY Change 1536.73% 12163.16%
Cash From Investing Activities -$30.32M -$58.08M
YoY Change 544.69% 793.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 52.00K 270.0K
YoY Change -99.75% -133.21%
NET CHANGE
Cash From Operating Activities -3.143M 1.850M
Cash From Investing Activities -30.32M -58.08M
Cash From Financing Activities 52.00K 270.0K
Net Change In Cash -33.41M -55.96M
YoY Change -405.71% 130.89%
FREE CASH FLOW
Cash From Operating Activities -$3.143M $1.850M
Capital Expenditures $17.49M $18.48M
Free Cash Flow -$20.63M -$16.63M
YoY Change 123.62% 54.68%

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Revenues
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Revenues
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CY2022Q3 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
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us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
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us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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us-gaap Provision For Doubtful Accounts
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us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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AllowanceForDoubtfulAccountsReceivable
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CY2023Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
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InventoryFinishedGoodsNetOfReserves
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InventoryFinishedGoodsNetOfReserves
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CY2023Q3 us-gaap Inventory Net
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CY2022Q4 us-gaap Property Plant And Equipment Gross
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CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2022Q4 us-gaap Property Plant And Equipment Net
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CY2023Q3 us-gaap Depreciation Depletion And Amortization
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2700000 usd
CY2022Q3 us-gaap Depreciation Depletion And Amortization
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1400000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2023Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
0 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
317000 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
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CY2022Q4 us-gaap Long Term Debt
LongTermDebt
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CY2023Q3 us-gaap Long Term Debt Current
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CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
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CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
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CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.042
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
3.12
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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173976375 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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144117273 shares
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5571000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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CY2023Q3 us-gaap Income Tax Expense Benefit
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CY2022Q3 us-gaap Income Tax Expense Benefit
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CY2023Q3 us-gaap Net Income Loss
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5999000 usd
CY2022Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2023Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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CY2022Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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CY2022Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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EarningsPerShareBasic
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CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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EarningsPerShareDiluted
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EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
62896713 shares

Files In Submission

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nhic-20230930_cal.xml Edgar Link unprocessable
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0001628280-23-038311-index.html Edgar Link pending
0001628280-23-038311.txt Edgar Link pending
0001628280-23-038311-xbrl.zip Edgar Link pending
evlv-20230930xexx311.htm Edgar Link pending
evlv-20230930xexx312.htm Edgar Link pending
evlv-20230930xexx321.htm Edgar Link pending
evlv-20230930xexx322.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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nhic-20230930.htm Edgar Link pending
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R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
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R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
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