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Stock impact report

EVgo Inc. Reports Record Fourth Quarter 2024 Results

EVgo Inc. (EVGO) 
Company Research Source: Business Wire
Issues 2025 Guidance of $340 - $380 Million of Revenue and Adjusted EBITDA of ($5) Million - $10 Million1Revenue of $67.5 million in the fourth quarter, representing an increase of 35% year-over-year.For the full year 2024, revenue reached a record $256.8 million, an increase of 60% over the full year 2023, meeting the annual guidance range.Charging network revenue totaled a record $46.5 million in the fourth quarter, an increase of 73% year-over-year, representing the 9th sequential quarter of double-digit charging revenue growth.For the full year 2024, charging network revenue reached a record $155.7 million, an increase of 110% over the full year 2023.Network throughput reached a record 84 gigawatt-hours (“GWh”) in the fourth quarter, an increase of 68% year-over-year.Network throughput for the full year 2024 increased to a record 277 GWh, representing growth of 116% over the full year 2023.Added more than 480 new operational stalls during the fourth quarter and over 1,230 operatio Show less Read more
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