secwatch.observer — SEC 8-K summary
======================================

Issuer:     EVgo Inc. (EVGO)
CIK:        0001821159
Form:       8-K
Filed at:   2021-11-10T23:59:59+00:00
Accession:  0001104659-21-136618
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821159/000110465921136618/0001104659-21-136618-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821159/000110465921136618/tm2132362d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-136618

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer