EVgo Stock Slides After Q4 EPS & Sales Miss Estimates

EVgo Inc. EVGO shares are trading lower on Tuesday.

The company reported fourth-quarter loss per share of 11 cents, missing the analyst consensus estimate of 9 cents loss.

Quarterly sales of $67.51 million (up 35% year over year) missed the street view of $69.1 million.

Charging network revenue totaled $46.5 million in the fourth quarter, an increase of 73% year over year, while Network throughput reached 84 gigawatt-hours, an increase of 68%.

The company added more than 480 new operational stalls during the fourth quarter, ending the quarter with approximately 4,080 stalls in operation.

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Adjusted EBITDA was a loss of $8.4 million for the fourth quarter, marking a 40% improvement from the loss of $13.96 million in the year-ago period.

Adjusted gross margin in the quarter under review expanded by 720 basis points to 33.7%.

The company exited the quarter with cash and equivalents worth $120.5 million.

Total liabilities at the end of the quarter expanded to $360.03 million from $266.23 million in the year-ago period.

“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,” said Badar Khan, EVgo’s CEO.

Outlook: EVgo has provided 2025 financial guidance, projecting total revenue between $340 million and $380 million versus the $357.813 million estimate.

The company expects an adjusted EBITDA ranging from $(5) million to $10 million.

Price Action: EVGO shares are trading lower by 4.10% to $2.34 at last check Tuesday.

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