EVgo Q1 revenue $55.2M (+118% YoY); net loss $28.2M; 250 stalls added

EVgo Inc.

2024-Q1 EPS reported -$0.09 revenue$55,158,000

Revenue of $55.2M, up 118% YoY from $25.3M; network throughput 53 GWh, up 194% YoY.
Net loss of $28.2M; adjusted EBITDA loss of $7.2M; gross profit $6.8M.
Added 250 new DC fast charging stalls; total stalls in operation/under construction ~3,780.
Customer accounts reached 981,000, adding ~109,000 in Q1; utilization rate ~19% vs 9% YoY.
CEO expects adjusted EBITDA breakeven in 2025 based on operating leverage and EV adoption tailwinds.

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 0.9

EVgo Inc. reported the quarter ended March 31, 2024 results: revenue $55.2 million, net income Net Loss of $28.2 million.

Period: the quarter ended March 31, 2024
Revenue: $55.2 million
Net income: Net Loss of $28.2 million
Result: reported results

Exact text from the filing

be expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- EVgo Inc. Reports Record First Quarter 2024 Results ● Revenue reached a record $55.2 million in the first quarter, representing an increase of 118 % year-over-year . ● Network throughput reached a record 53 gigawatt-hours (“GWh”) in the first quarter, an increase of 194%

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Source: SEC EDGAR

accession 0001558370-24-006918

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