EVLV’s Financials What a mess. Some highlights from the last 12 months:
$79mm revenue
$116mm G&A
$23mm R&D
$117mm net loss
These guys have been living off a $350mm cash pile from a raise in 2021. And there was only $139mm left as of last September.
Makes XTRA’s ever decreasing $3mm cash burn last quarter laughable.