Evgo Inc (OQ:EVGO)

Sector:  Utilities Industry:  Electric Utilities
See Regulatory Filings on SEC
Company Contact
Address: 11835 West Olympic Boulevard, Suite 900E
Tel: N/A
Website: https://www.evgo.com
IR: See website
Key People
David Nanus
Chairman of the Board
Dennis G. Kish
Badar Khan
Chief Executive Officer, Director
Olga Shevorenkova
Chief Financial Officer
Stephanie Lee
Senior Vice President - Accounting
Ivo Steklac
Chief Technology Officer
Francine R. Sullivan
Chief Legal Officer and General Counsel
Business Overview
EVgo Inc. provides electric vehicle charging solutions. The Company is engaged in building and operating the infrastructure and tools to serve electric vehicles for individual drivers, rideshare and commercial fleets, and businesses. It has public fast charging networks, featuring over 950 fast charging locations across more than 35 states, including stations built through EVgo eXtend, its white label service offering. It provides transportation electrification through partnerships with automakers, fleet and rideshare operators, retail hosts such as grocery stores, shopping centers, and gas stations, policy leaders, and other organizations. Through its network and service offerings for drivers and partners including EVgo Optima, EVgo Inside, EVgo Rewards, and Autocharge+, it provides charging services. The Company is focused on building ultra-fast chargers. In addition to the provision of EV charging infrastructure, it develops and deploys software-based and value-added services.
Financial Overview
For the fiscal year ended 31 December 2023, Evgo Inc revenues increased from $54.6M to $161M. Net loss applicable to common stockholders increased 54% to $42.1M. Revenues reflect Extend Revenue segment increase from $18.4M to $72.4M, Charging revenue, retail segment increase from $18.9M to $45.7M. Higher net loss reflects Change in fair value of warrant liabilit decrease of 80% to $7.2M (income).
Employees: 292 as of Feb 15, 2024
Reporting Currency: U.S. Dollars
Enterprise value: $313.23M as of Dec 31, 2023
Annual revenue (TTM): $160.95M as of Dec 31, 2023
EBITDA (TTM): -$79.95M as of Dec 31, 2023
Net annual income (TTM): -$42.09M as of Dec 31, 2023
Free cash flow (TTM): -$195.95M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 301,953,526 as of Mar 20, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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