NEWS ER
EVgo Inc. Reports Record Third Quarter 2024 Results
Positive
Record revenue of $67.5 million, up 92% YoY
Network throughput increased 111% YoY to 78 GWh
Customer base grew 57% YoY to 1.2 million accounts
$1.05 billion DOE conditional loan commitment secured
Raised 2024 revenue and Adjusted EBITDA guidance
Successfully sold 2023 30C tax credits for $11.0 million
Record revenue of $67.5 million, up 92% YoY
Network throughput increased 111% YoY to 78 GWh
Customer base grew 57% YoY to 1.2 million accounts
$1.05 billion DOE conditional loan commitment secured
Raised 2024 revenue and Adjusted EBITDA guidance
Successfully sold 2023 30C tax credits for $11.0 million
Negative
Net loss of $33.3 million, increased 18% YoY
Negative Adjusted EBITDA of $8.9 million
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