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 | ||
Dennis G. Kish President | Badar Khan Chief Executive Officer, Director | Stephanie Lee Interim Chief Financial Officer, Principal Accounting Officer |
Keith Hutchison Chief People 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 six months ended 30 June 2024, Evgo Inc revenues increased 61% to $121.8M. Net loss applicable to common stockholders remained flat at $20.1M. Revenues reflect Charging revenue, retail segment increase from $9.1M to $40.7M, Extend Revenue segment increase of 41% to $46.8M. Net loss reflects Stock-based Compensation in SGA decrease of 33% to $9.9M (expense). |
Employees: | 292 as of Feb 15, 2024 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,193M as of Jun 30, 2024 |
Annual revenue (TTM): | $206.88M as of Jun 30, 2024 |
EBITDA (TTM): | -$52.37M as of Jun 30, 2024 |
Net annual income (TTM): | -$42.06M as of Jun 30, 2024 |
Free cash flow (TTM): | -$125.16M as of Jun 30, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 498,425,488 as of Jul 25, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |