Evgo Inc (OQ:EVGO)
Business Focus: N/A
| 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://investors.evgo.com |
| IR: | See website |
| Key People | ||
| David Nanus Chairman of the Board | Dennis G. Kish President | 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: | $310.21M 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: | 301,515,649 as of Feb 27, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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