Breaking: Schools Stick With Evolv After FTC Action As Weapons Detection Company Hopes To Rebuild Trust With New CEO

It was a brutal autumn for the weapons detection company Evolv. An estimated $4-6 million accounting error cost it $300 million in market cap. Its CEO and CFO were forced out, just weeks before a settlement with the FTC over allegations of misleading marketing. An SEC probe appears to be ongoing. And they even got caught up in the drama surrounding New York City Mayor Eric Adams.

 

But the crazy thing about Evolv? Its customers — who use the technology to protect high-stakes venues like NBA arenas, NFL stadiums, Disney theme parks, and schools — seem to love it, no matter the headlines.

 

“This is about saving kids,” said one director of safety for a school system, who told Hunterbrook he confiscated multiple firearms on his first day using Evolv. He says he will not ditch the platform. In fact, he says, he’s hoping to buy more systems. 

 

With a new CEO named this morning, is this the start of a vibe shift for Evolv?

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