EVgo FY2021 revenue up 52% to $22.2M; net loss widens to $57.8M; partnerships with Toyota, Subaru announced

EVgo Inc.

Revenue $22.2M (+52% YoY); Q4 revenue $7.1M (+70% YoY, +15% QoQ).
Network throughput 26.4 GWh (+68% YoY); customer accounts ~340,000 (+47% YoY).
GAAP gross loss narrowed to $6.8M; adjusted gross profit $5.2M (23% margin) vs $0.5M (3%) in 2020.
Net loss $57.8M for FY2021 vs $48.2M in 2020; adjusted EBITDA ($51.4M).
Active engineering pipeline ~3,100 stalls; new charging deals with Toyota bZ4X and Subaru Solterra.

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