Evolving Systems Inc. (EVOL) stock declined by 6.99% in the last trading close while the EVOL stock price is rising in the current market trading session. There is no recent news available related to this rise in EVOL stock price. Evolving Systems help Communications Service Providers (CSPs) to flourish in fast-changing, disruptive telecom environments. This is done by integrating Individuals, Systems, and Networks, allowing CSPs to enable, engage, and maintain their customers.

Recent Past Events

Quite recently on March 17, 2021, Evolving Systems reported its fourth quarter and full-year 2020 financial results. Given below is the summary:

• EVOL has reported its full-year 2020 revenue as $26.4 million, this shows an increase of $0.6 million compared to the previous year. Whereas the revenue generated for the fourth quarter was $7.0 million, a rise of $0.3 million from the fourth quarter of 2019.
• The operating income calculated for the full year 2020 was $1.0 million whereas for the fourth quarter it was $0.5 million.
• Also, EVOL has managed to generate a positive cash flow from its operations in 2020.
• Lastly, the positive adjusted EBTIDA for the fourth quarter of 2020 was $0.8 million whereas for the full year the adjusted EBTIDA was $2.4 million.

Post Covid-19 Business Scenario

Evolving Systems being a communication service provider has been bringing commerce to people through its connectivity technologies which in result makes its marketing ideas more relevant and valuable to use for the people and this definitely works to increase the revenue.

Consumers had no choice but to curtail their activities due to initial government mandates of lockdowns and non-essential business restrictions. Many brick-and-mortar businesses were forced to reconsider their business models as a result, raising the investment profile of EVOL stock organically. Despite the fact that Covid-19 cases are decreasing, there are still serious concerns about mixing with the general public. It is assumed that contactless systems can maintain a lot of their utility until we can get back to normal. And under these circumstances, EVOL is one of the reliable service providers for people which makes it interesting for investors.