RE:RE:Evolv's new sale today, Magnificent news ! EVLV's Revenue and Net Income numbers for the last two fiscal years:
| | Increase | 2022 | 2021 |
| | | | |
| Revenue | 73.93% | $41,207,000 | $23,692,000 |
| | | | |
| Net Income | 393.50% | -$53,584,000 | -$10,858,000 |
| | | | |
So Revenues increased by 73.9% but LOSSES increased by almost 400%.
It gets worse after the company admitted that their system can't detect large knives.
EVLV's Financial Statements prove that the more their Revenues increase and the more systems they sell, the more money the company loses. That is not a winning strategy.