EVgo (EVGO) Tops Q4 EPS by 12c, Offers Guidance

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Go back to EVgo (EVGO) Tops Q4 EPS by 12c, Offers Guidance

EVgo Inc. Reports Fourth Quarter and Full Year 2022 Results

March 30, 2023 7:00 AM EDT

Revenue grew to $27.3 million in the fourth quarter, representing an increase of 283% year-over-year driven by increasing throughput and execution of Pilot Flying J contract. For the full year 2022, revenue grew to $54.6 million, an increase of 146% over 2021. Network throughput reached 14.4 Gigawatt-hours (GWh) in the fourth quarter, an increase of 76% year-over-year. 2022 network throughput of 44.6 GWh grew 69% over 2021. Ended the fourth quarter with over 2,800 stalls in operation or under construction, with more than 180 new stalls added to the EVgo network during the quarter and approximately 670 added during 2022. Added approximately 59,000 new customer accounts in the fourth quarter and... More