EVgo Q4 revenue $50M (+83% YoY); FY23 revenue $161M (+195%), exceeds guidance

EVgo Inc.

Q4 revenue $50.0M, up 83% YoY; full year revenue $161.0M, up 195% YoY, exceeding guidance range.
Network throughput Q4 record 50 GWh (+257%); full year 130 GWh (+189%); 884k customer accounts (+60%).
Net loss Q4 $36.6M; full year $135.5M; Adjusted EBITDA ($58.8M) for FY23, outperforming high end of guidance.
Added >260 operational stalls in Q4; total ~3,550 stalls in operation or under construction.
CEO Badar Khan: 'fantastic 2023'; throughput growth exceeds EV growth; digital-first strategy.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EVgo Inc. reported financial results for the fourth quarter and fiscal year ended December 31, 2023.

Period: the fourth quarter and fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

EVgo Inc. (the “Company”) issued a press release on March 6, 2024, announcing its financial results for the fourth quarter and fiscal year ended December 31, 2023.

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EVgo Inc. filing history →

Source: SEC EDGAR

accession 0001558370-24-002539

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