Financial PerformanceEVGO delivered another impressive quarter with a +12% top-line beat supported by eXtend and +10% better throughput v Street.
Market ExpansionEVgo has a strong pipeline of sites to expand into, subject to strict underwriting criteria, and sees 100K potential stalls of interest, of which 10K could pencil at today’s penetration rates.
Revenue GrowthRevenue of $66.62MM beat our/Street's estimates of $60MM and $59MM by +11% and +12%, respectively driven by higher throughput q/q and eXtend revenue.