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
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

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