secwatch.observer — SEC 8-K summary
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Issuer:     EVgo Inc. (EVGO)
CIK:        0001821159
Form:       8-K
Filed at:   2022-03-23T23:59:59+00:00
Accession:  0001558370-22-004108
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821159/000155837022004108/0001558370-22-004108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821159/000155837022004108/evgo-20220323x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-004108

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