EVgo Q3 revenue $6.2M, net income $23.6M; raises FY2021 guidance to $20-22M

EVgo Inc.

2021-Q3 EPS reported $0.09 revenue$15,095,000

Revenue $6.2M (+29% QoQ); network throughput 8.0 GWh (+31% QoQ); customer accounts 310k.
GAAP net income $23.6M vs. Q2 net loss $18.4M; adjusted EBITDA loss $14.3M.
Ending cash $521M; capital expenditures $16.3M in Q3 (excl. Recargo).
Raised FY2021 revenue guidance to $20-22M; network throughput to 24-26 GWh.
Expanded GM partnership: +500 stalls to 3,250 by 2025; launched EVgo Optima fleet software.

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