earnings
confidence high
sentiment negative
materiality 0.75
EVgo Q4 revenue $27.3M (+283% YoY); net loss $17M; full-year revenue $54.6M
EVgo Inc.
- Q4 revenue $27.3M (+283% YoY); full-year revenue $54.6M (+146% YoY), at high end of guidance.
- Q4 network throughput 14.4 GWh (+76% YoY); full-year 44.6 GWh (+69%).
- Q4 net loss $17.0M; full-year net loss $106.2M; adjusted EBITDA ($20.1M) Q4, ($80.2M) FY.
- Ended Q4 with over 2,800 stalls in operation/construction; added ~670 stalls in 2022.
- Customer accounts ~553,000 (+63% YoY); added ~224,000 accounts in 2022.