EVGO - What's Happening With EV Charging Provider EVgo Shares Today? | Benzinga
EVgo Inc (NASDAQ:EVGO) reported first-quarter FY24 sales growth of 118.2% year-on-year to $55.16 million, beating the analyst consensus estimate of $52.389 million.
Revenue growth was primarily driven by year-over-year increases in charging revenues and eXtend revenue.
EVgo’s network throughput for the quarter was 53 Gigawatt-hours (GWh), a 194% Y/Y jump.
Adjusted EBITDA loss was $(7.2) million versus $(20) million last year. EPS of $(0.09) beat the analyst consensus estimate of $(0.14).
Gross profit for the quarter was $6.8 million versus $41 thousand last year. Adjusted gross margin expanded ...