{"id":173271,"date":"2023-03-30T15:26:37","date_gmt":"2023-03-30T15:26:37","guid":{"rendered":"https:\/\/precoinnews.com\/?p=173271"},"modified":"2023-03-30T15:26:37","modified_gmt":"2023-03-30T15:26:37","slug":"evgo-rallies-23-on-surge-in-q4-revenue","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/evgo-rallies-23-on-surge-in-q4-revenue\/","title":{"rendered":"EVgo Rallies 23% On Surge In Q4 Revenue"},"content":{"rendered":"
Shares of charging solutions provider EVgo, Inc. (EVGO) are surging more than 23% Thursday morning after reporting more than 200% growth in fourth-quarter revenue.<\/p>\n
Revenue in the fourth quarter increased to $27.3 million from $7.1 million last year, primarily driven by retail charging, eXtend, and ancillary revenues.<\/p>\n
The company reported a loss of $4.44 million or $0.06 per share for the fourth quarter, narrower than $12.04 million or $0.18 per share in the same quarter a year ago.<\/p>\n
Looking forward to the full year, the company expects revenue to be in the range of $105 million – $150 million.<\/p>\n
EVGO is at $7.12 currently. It has traded in the range of $3.64-$14.23 in the last 1 year. <\/p>\n