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What's Happening With EV Charging Provider EVgo Shares Today?

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 ...