EVgo Q3 revenue up 70% YoY to $10.5M; network throughput +51% to 12.1 GWh

EVgo Inc.

2022-Q3 EPS reported -$0.33 revenue$27,285,000

Revenue $10.5M (+70% YoY); net loss $50.9M; adjusted EBITDA ($22.2M).
Network throughput 12.1 GWh (+51%); added 188 stalls, ending with 2,625 stalls in operation/under construction.
Customer accounts ~498,000 (+60% YoY); launched Autocharge+ nationwide; new site host deal with Lowe's.
Pipeline grew to 4,534 stalls (vs 2,494 year ago); first EVgo Optima deployment for Class 8 truck with MHX.
CapEx for 9M22 $133.9M; gross loss $3.2M; adjusted gross profit $2.0M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EVgo Inc. reported the quarter ended September 30, 2022 results: revenue $10.5 million, net income ($50.9) million.

Period: the quarter ended September 30, 2022
Revenue: $10.5 million
Net income: ($50.9) million
Result: reported results

Exact text from the filing

Revenue of $10.5 million ● Network throughput of 12.1 gigawatt-hours ● Customer account additions of approximately 54,000 accounts ● Gross loss of ($3.2) million ● Net loss of ($50.9) million

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Source: SEC EDGAR

accession 0001558370-22-016011

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