EVgo Q2 revenue $66.6M record, up 32% YoY; raises FY revenue guidance midpoint by $10M

EVgo Inc.

2024-Q2 EPS reported -$0.19 revenue$121,777,000

Charging network revenue $36.4M (+146% YoY); network throughput 66 GWh (+164% YoY).
Net loss $29.6M, adjusted EBITDA ($8.0M); gross profit $6.4M, adj. gross profit $17.7M.
Added ~3,440 stalls in operation, 220+ new stalls in Q2; customer accounts >1M (+59% YoY).
Subaru extended $500 charging credit for Solterra drivers; Autocharge+ sessions up 202% YoY.
Raises FY total revenue guidance midpoint by $10M (specific range not provided in release).

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