Sector: Utilities | Industry: Electric Utilities |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 11835 West Olympic Boulevard, Suite 900E LOS ANGELES CA 90064 |
Tel: | N/A |
Website: | https://www.evgo.com |
IR: | See website |
Key People | ||
David Nanus Chairman of the Board | Cathy Zoi Chief Executive Officer, Director | Olga Shevorenkova Chief Financial Officer |
Dennis G. Kish Chief Operating Officer | Ivo Steklac Chief Technology Officer | Francine R. Sullivan Chief Legal Officer and General Counsel |
Business Overview |
EVgo Inc. (EVgo) owns and operates the public direct current (DC) fast-charging network in a number of locations, which is powered by renewable electricity using renewable energy certificates (RECs). The Company's business is in the development and operation of electric vehicle (EV) charging sites through which it dispenses electricity to EVs driven by individuals, commercial drivers and fleet operators. Its network of charging stations provides EV charging infrastructure to consumers and businesses. It is engaged in the provision of charging services for EVs of all types on the Company's network. It develops and deploys fleet-charging solutions for light, medium and heavy-duty EV fleets. It is developing, building, operating and servicing charging assets for fleets at its own depot locations, at off-site charging hubs. It integrates EVgo Optima software to connect to a fleet's logistics platform. It owns and operates charging network of approximately 900 fast charging locations. |
Financial Overview |
For the three months ended 31 March 2023, Evgo Inc revenues increased from $7.7M to $25.3M. Net loss applicable to common stockholders decreased 8% to $13.1M. Revenues reflect Charging revenue, retail segment increase of 89% to $6.6M, Network revenue, OEM segment increase from $490K to $2.7M. Lower net loss reflects Change in fair value of warrant liabilit decrease of 72% to $6.4M (expense). |
Employees: | 292 as of Dec 31, 2022 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,037M as of Mar 31, 2023 |
Annual revenue (TTM): | $72.19M as of Mar 31, 2023 |
EBITDA (TTM): | -$110.43M as of Mar 31, 2023 |
Net annual income (TTM): | -$26.12M as of Mar 31, 2023 |
Free cash flow (TTM): | -$295.53M as of Mar 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 464,237,313 as of May 1, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |