EVgo reports Q4 EPS (11c) vs. (12c) last year

Reports Q4 revenue $ $67.5M, consensus $69.09M.Charging network revenue totaled a record $46.5 million in the fourth quarter, an increase of 73% year-over-year, representing the 9th sequential quarter of double-digit charging revenue growth. Reports: Ended the fourth quarter with approximately 4,080 stalls in operation. Net Loss improved 3% year-over-year to ($35.6M) n the fourth quarter 2024, and improved 6% year-over-year to ($126.7M) for full year 2024. Adjusted EBITDA was ($8.4M) for the fourth quarter of 2024, and ($32.5M) for the full year 2024, at the high end of the annual guidance range. “EVgo (EVGO) finished 2024 strong, achieving record throughput and stall deployments,” said Badar Khan, EVgo’s CEO. “We’ve secured financing and expect to more than triple our installed base in five years, cementing our leadership in fast charging. As we look forward to 2025, we’ll continue to improve the EVgo customer experience, drive efficiencies and ramp stall development. With our resilient business model, we expect an estimated further 40% growth in revenues in 2025 and achieving Adjusted EBITDA breakeven, while continuing to make investments to develop our next generation charging experience.”