EVgo Rises 5% After Earnings Topper, Guiding for 2025 EBITDA Breakeven

seekingalpha05-07

EVgo reported revenue soared 118% year-over-year to a record tally of $55.2M in Q1. The company said the revenue growth was primarily driven by year-over-year increases in charging revenues and eXtend...

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The company said the revenue growth was primarily driven by year-over-year increases in charging revenues and eXtend...</p>\n\n<a href=\"https://seekingalpha.com/news/4101078-evgo-rises-after-earnings-topper-guiding-for-2025-ebitda-breakeven\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EVgo Rises 5% After Earnings Topper, Guiding for 2025 EBITDA Breakeven</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEVgo Rises 5% After Earnings Topper, Guiding for 2025 EBITDA Breakeven\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-07 20:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4101078-evgo-rises-after-earnings-topper-guiding-for-2025-ebitda-breakeven><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>EVgo reported revenue soared 118% year-over-year to a record tally of $55.2M in Q1. The company said the revenue growth was primarily driven by year-over-year increases in charging revenues and eXtend...</p>\n\n<a href=\"https://seekingalpha.com/news/4101078-evgo-rises-after-earnings-topper-guiding-for-2025-ebitda-breakeven\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EVGO","symbol_name":"EVgo Inc.","start_time":0,"source_url":"https://seekingalpha.com/news/4101078-evgo-rises-after-earnings-topper-guiding-for-2025-ebitda-breakeven","article_id":"1161231936","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1161231936","pubTimestamp":1715086581,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"EVgo reported revenue soared 118% year-over-year to a record tally of $55.2M in Q1. 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The overall number of customer accounts was more than 981,000 at quarter end.Gross margin improved to 12.4% of sales from 0.2% year ago. Adjusted EBITDA was -$7.2M vs.- $20.1M a year ago. EPS was -$0.09 vs. -$0.14 consensus and -$0.18 a year ago.CEO update: \"EVgo’s business continues to grow and achieve record results, demonstrating the strength of our business model of owning and operating a fast-charging network as more Americans drive electric vehicles... We continue to build new stalls across the U.S. and see throughput growth outpacing growth of EVs in operation. EVgo’s compelling unit economics, operating leverage, along with the tailwind of long-term EV adoption, gives us confidence that we will achieve adjusted EBITDA breakeven in 2025 and create significant shareholder value.\"In a C-suite development, EVgo (EVGO) announced that Olga Shevorenkova will be stepping down as Chief Financial Officer and departing the company, effective on or about May 31, 2024, for a role with a private company. Shevorenkova's departure was not the result of any disagreement with EVgo (EVGO) on any matter relating to the operations, policies, or practices, including the company's accounting principles and practices and internal controls. 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