Security tech company Evolv investigates sales misconduct, warning recent financials are unreliable ...Middle East

NEW YORK (AP) — Evolv is warning its shareholders to no longer rely on recent financial statements, as the security technology company investigates employee misconduct related to “certain sales.” In a Friday announcement, Evolv disclosed that a group of independent board directors is currently conducting an internal investigation into the company’s sales practices. While this investigation is ongoing, the committee has found that at least some sales were “subject to extra-contractual terms and conditions” and were not shared with accounting personnel. The committee has also determined that certain employees were engaged with this misconduct, but no further specifics were shared Friday. Evolv

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Last updated : 25 October 2024 clock 10:13 PM

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Security tech company Evolv investigates sales misconduct, warning recent financials are unreliable ...Middle East

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