EVgo Q2 revenue up 90% to $9.1M; net income of $17M; eXtend partnership with GM and Pilot

EVgo Inc.

2022-Q2 EPS reported -$0.14 revenue$16,776,000

Revenue of $9.1M (+90% YoY); GAAP net income $17.0M vs. ($18.4M) loss YoY.
Adjusted EBITDA loss widened to ($19.8M); adjusted gross margin improved to 37.2%.
Network throughput 10.1 GWh (+66% YoY); added ~67,000 new customer accounts; total 444,000.
Announced EVgo eXtend with GM/Pilot for ~2,000 stalls at up to 500 U.S. locations.
Entered charger supply agreement with Delta Electronics for 1,000 chargers (2,000 stalls).

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