secwatch.observer — SEC 8-K summary
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Issuer:     EVgo Inc. (EVGO)
CIK:        0001821159
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001558370-24-006918
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821159/000155837024006918/0001558370-24-006918-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821159/000155837024006918/evgo-20240507x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-006918

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer