Companies Like EVgo (NASDAQ:EVGO) Are In A Position To Invest In Growth [Yahoo! Finance]
EVgo Inc. (EVGO)
Company Research
Source: Yahoo! Finance
For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed. So, the natural question for EVgo NASDAQ:EVGO ) shareholders is whether they should be concerned by its rate of cash burn. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. See our latest analysis for EVgo When Might EVgo Run Out Of Money? A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. In March 2024, EVgo had US$175m in cash, and was debt-free. In the last year, its cash burn was US$147m. That means it had a cash runway of around 14 months as of March 2024
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EVGO
News
- EV charging stocks getting a boost from Rivian/Volkswagen deal...but can it last? [Seeking Alpha]Seeking Alpha
- EVgo and Regency Centers Open Newest Fast Charging Station in Longstanding Partnership, Expanding Footprint to More Than 120 Stalls Across U.S.Business Wire
- EVgo Names Keith Hutchison as Company's First Chief People Officer [Yahoo! Finance]Yahoo! Finance
- EVgo Names Keith Hutchison as Company’s First Chief People OfficerBusiness Wire
- EVgo Recognizes Massive Rideshare Growth as Commercial Throughput More Than Tripled Year over Year in Q1 [Yahoo! Finance]Yahoo! Finance
EVGO
Earnings
- 5/7/24 - Beat
EVGO
Sec Filings
- 6/4/24 - Form 4
- 6/4/24 - Form 4
- 6/4/24 - Form 3
- EVGO's page on the SEC website