secwatch.observer — SEC 8-K summary
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Issuer:     EVgo Inc. (EVGO)
CIK:        0001821159
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001558370-24-002539
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821159/000155837024002539/0001558370-24-002539-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821159/000155837024002539/evgo-20240306x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-002539

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