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Stock impact report

EVgo Inc (EVGO) Q3 2024 Earnings Call Highlights: Record Revenue Growth and Strategic Advances [Yahoo! Finance]

EVgo Inc. (EVGO) 
Company Research Source: Yahoo! Finance
XTEND Revenue: $21.9 million, a 109% year-over-year increase. Operational Stalls: 3,680 stalls, a 34% increase from the previous year. Customer Accounts: Over 1.2 million, a 57% increase year-over-year. Network Throughput: 78 gigawatt hours, more than doubled from last year. Network Utilization: Increased to 22% from 14% a year ago. Charging Network Margin: 32.9%, up from 28.6% in Q3 2023. Adjusted Gross Profit: $18 million, up from $9.3 million in Q3 2023. Adjusted EBITDA: Negative $8.9 million, a $5.4 million improvement from Q3 2023. Cash and Cash Equivalents: $153.4 million as of September 30, 2024. Cash from Operations: $12.1 million in the third quarter of 2024. Capital Expenditures: $25.8 million in the third quarter of 2024. 2024 Revenue Guidance: Increased to a range of $250 million to $265 million. 2024 Adjusted EBITDA Guidance: Increased to a range of negative $38 million to $32 million. Warning! GuruFocus has detected 2 Warning Signs with EVGO. Show less Read more
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