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EVgo Q2 Earnings Call Highlights
['Danessa Lincoln']
Markets Daily
“Throughput and charging revenue per kWh drove approximately 75% and 25% of the year-over-year revenue growth, respectively,” Lehner said.
EVgo had 240 NACS stalls operating across about 100 sites at the end of the quarter.
Second-quarter charging network gross profit increased 15% to $22 million, although charging network gross margin declined to 36% from 37% a year earlier.
About 60% of the year’s planned build is expected to occur in the fourth quarter, including the energization of EVgo Supercharger sites.
It forecast eXtend revenue of $90 million to $95 million and autonomous-vehicle ancillary revenue of $40 million to $45 million.