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

Issuer:     EVgo Inc. (EVGO)
CIK:        0001821159
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001558370-22-012741
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821159/000155837022012741/0001558370-22-012741-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821159/000155837022012741/evgo-20220809x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-012741

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