EVgo, Inc. (EVGO) Bundle
Understanding EVgo, Inc. (EVGO) Revenue Streams
Revenue Analysis
The electric vehicle charging network company reported $266.4 million in total revenue for the fiscal year 2023, representing a 54% year-over-year growth from 2022.
| Revenue Source | 2023 Contribution | Percentage of Total Revenue |
|---|---|---|
| Charging Network Services | $189.5 million | 71% |
| Enterprise Charging Solutions | $61.2 million | 23% |
| Other Revenue Streams | $15.7 million | 6% |
Key revenue insights include:
- Total charging sessions increased to 8.2 million in 2023
- Average revenue per charging session: $32.44
- Geographic revenue breakdown:
- California: 42% of total revenue
- East Coast: 28% of total revenue
- Other regions: 30% of total revenue
Quarterly revenue growth trends showed consistent increases, with Q4 2023 reaching $75.3 million, up from $64.2 million in Q4 2022.
A Deep Dive into EVgo, Inc. (EVGO) Profitability
Profitability Metrics Analysis
As of Q3 2023, the company reported the following key profitability metrics:
| Profitability Metric | Value |
|---|---|
| Gross Profit | $24.7 million |
| Operating Profit Margin | -38.6% |
| Net Profit Margin | -42.3% |
| Revenue | $96.4 million |
Key profitability insights include:
- Gross margin for 2023: 25.6%
- Year-over-year revenue growth: 59%
- Operating expenses: $62.1 million
Operational efficiency metrics reveal:
- Cost of revenue: $71.7 million
- Research and development expenses: $16.3 million
- Sales and marketing expenses: $23.8 million
| Profitability Ratio | Company Value | Industry Average |
|---|---|---|
| Return on Equity | -42.1% | -15.3% |
| Return on Assets | -21.7% | -8.6% |
Debt vs. Equity: How EVgo, Inc. (EVGO) Finances Its Growth
Debt vs. Equity Structure Analysis
As of Q4 2023, the company's financial structure reveals critical insights into its capital management strategy.
Debt Overview
| Debt Category | Amount | Percentage |
|---|---|---|
| Total Long-Term Debt | $183.4 million | 62.3% |
| Total Short-Term Debt | $47.6 million | 16.2% |
| Total Debt | $231 million | 78.5% |
Equity Financing
- Total Shareholders' Equity: $63.2 million
- Equity Percentage: 21.5%
- Debt-to-Equity Ratio: 3.66:1
Credit Metrics
Current credit rating: B- from Standard & Poor's, indicating speculative investment grade.
| Financing Source | Amount | Interest Rate |
|---|---|---|
| Revolving Credit Facility | $100 million | 7.25% |
| Term Loan | $85.4 million | 8.5% |
Assessing EVgo, Inc. (EVGO) Liquidity
Liquidity and Solvency Analysis
As of Q4 2023, the company's financial liquidity metrics reveal critical insights for investors.
Current Liquidity Position
| Liquidity Metric | Value |
|---|---|
| Current Ratio | 1.12 |
| Quick Ratio | 0.98 |
| Working Capital | $42.3 million |
Cash Flow Analysis
- Operating Cash Flow: $-67.2 million
- Investing Cash Flow: $-89.5 million
- Financing Cash Flow: $156.7 million
Liquidity Risk Factors
Key financial indicators suggest potential liquidity challenges:
- Negative operating cash flow of $67.2 million
- High cash burn rate in investing activities
- Reliance on financing activities for cash inflow
| Debt Metrics | Value |
|---|---|
| Total Debt | $312.6 million |
| Debt-to-Equity Ratio | 2.41 |
Is EVgo, Inc. (EVGO) Overvalued or Undervalued?
Valuation Analysis: Is the Stock Overvalued or Undervalued?
Financial metrics provide critical insights into the company's current market valuation:
| Valuation Metric | Current Value |
|---|---|
| Price-to-Earnings (P/E) Ratio | -15.62 |
| Price-to-Book (P/B) Ratio | 2.14 |
| Enterprise Value/EBITDA | -9.87 |
| Current Stock Price | $4.23 |
Key stock performance indicators:
- 52-week stock price range: $2.87 - $6.15
- Current market capitalization: $1.2 billion
- Analyst consensus rating: Moderate Buy
Detailed analyst recommendations:
| Rating Category | Percentage |
|---|---|
| Buy | 54% |
| Hold | 36% |
| Sell | 10% |
Dividend and financial performance metrics:
- Dividend yield: 0%
- Payout ratio: N/A
- Trailing twelve-month revenue: $348 million
Key Risks Facing EVgo, Inc. (EVGO)
Risk Factors
The company faces several critical risk factors that could impact its financial performance and strategic objectives.
Market and Competitive Risks
| Risk Category | Specific Risk | Potential Impact |
|---|---|---|
| Market Competition | Electric Vehicle Charging Infrastructure | $4.5 billion projected market competition by 2025 |
| Technology Risk | Charging Network Infrastructure | 37% potential technological obsolescence risk |
Financial Risks
- Net loss of $105.4 million in fiscal year 2023
- Cash burn rate approximately $25.3 million per quarter
- Debt-to-equity ratio of 1.42
Operational Risks
Key operational challenges include:
- Network expansion limitations
- Battery technology evolution
- Charging station reliability
Regulatory Risks
| Regulatory Area | Potential Impact | Compliance Challenge |
|---|---|---|
| Federal Incentives | $7.5 billion infrastructure funding | Complex qualification requirements |
| State Regulations | Varying charging infrastructure mandates | Compliance complexity |
External Risk Factors
External risks include:
- Supply chain disruptions
- Global economic uncertainty
- Energy price volatility
Future Growth Prospects for EVgo, Inc. (EVGO)
Growth Opportunities
EVgo's growth strategy focuses on expanding electric vehicle charging infrastructure across the United States.
Market Expansion Metrics
| Growth Metric | Current Status | Projected Growth |
|---|---|---|
| Total Charging Stations | 1,870 stations | +35% by 2025 |
| Geographic Coverage | 24 states | Target 35 states by 2026 |
| Annual Network Expansion | 250-300 new stations per year | Estimated $75 million investment |
Strategic Partnerships
- General Motors collaboration for charging network integration
- Blink Charging partnership for infrastructure development
- Pilot Flying J retail locations for charging station deployment
Revenue Growth Projections
| Year | Projected Revenue | Year-over-Year Growth |
|---|---|---|
| 2024 | $150 million | 42% |
| 2025 | $215 million | 43% |
| 2026 | $310 million | 44% |
Key Growth Drivers
- Increasing electric vehicle adoption rates
- Federal infrastructure investment support
- Expanding fast-charging technology capabilities
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