Earnings Call Summary | EVgo Inc(EVGO.US) Q1 2024 Earnings Conference
Earnings Call Summary | EVgo Inc(EVGO.US) Q1 2024 Earnings Conference
The following is a summary of the EVgo, Inc. (EVGO) Q1 2024 Earnings Call Transcript:
以下是EVGo, Inc.（EVGO）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
EVgo reported Q1 revenue of $55.2 million, a 118% increase year-over-year.
Retail charging revenues were $18.3 million, a 177% rise from the Q1 2023.
Their adjusted gross profit reached $17.3 million, rising from $6.4 million in Q1 2023, and resulted in an adjusted gross margin of 31.3%.
EVgo's projections indicate an annual adjusted EBITDA of $200 million by 2025.
The company's adjusted EBITDA for Q1 was negative $7.2 million, an improvement from negative $20.1 million the previous year.
EVgo reported a gross margin of over 30%, with an expectation to maintain the gross margin in the mid to high 20s for the rest of 2024.
Cash, cash equivalents, and restricted cash totaled at $175.5 million.
EVgo anticipates full year 2024 revenue to range between $220 million and $270 million.
EVgo公佈的第一季度收入爲5,520萬美元，同比增長118％。
零售充電收入爲1,830萬美元，較2023年第一季度增長177％。
他們調整後的毛利潤從2023年第一季度的640萬美元增至1730萬美元，調整後的毛利率爲31.3％。
EVgo的預測表明，到2025年，調整後的年度息稅折舊攤銷前利潤將達到2億美元。
該公司第一季度調整後的息稅折舊攤銷前利潤爲負720萬美元，較去年的負2,010萬美元有所改善。
EVgo報告的毛利率超過30％，預計在2024年的剩餘時間裏，毛利率將保持在20年代中高點。
現金、現金等價物和限制性現金總額爲1.755億美元。
EVGO預計，2024年全年收入將在2.2億美元至2.7億美元之間。
Business Progress:
業務進展：
EVgo added 250 new operational stalls during Q1, bringing their total to around 3,000 stalls.
They plan to install 800 to 900 new owned and operated stalls in 2024.
EVgo is focusing on customer experience, increased efficiency, customer retention, and securing financing for self-sustainability.
They're working to reduce CapEx costs, enhance customer charging experience, and develop a next-generation charging architecture, aiming to reduce CapEx per stall by up to 30%.
Throughput on EVgo's network tripled year-over-year, and stall count grew 38% in Q1 compared to last year.
The company added 109,000 new customer accounts in Q1 2024 (a 63% increase year-over-year), making a total of over 981,000 customer accounts.
EVgo is capitalizing on the growth gap left by Tesla's slowed expansion of charging stations.
They expect their dynamic demand-based pricing model rollout across the network to improve margins.
EVgo is improving its network uptime by benefiting from software updates for predictive maintenance and diagnostics, which is reducing costs.
The company remains highly liquid with $176 million, expected to last through 2025 without requiring external funding.
EVgo在第一季度增加了250個新的運營攤位，使攤位總數達到約3,000個。
他們計劃在2024年安裝800至900個新的自有和經營的攤位。
EVGo專注於客戶體驗、提高效率、留住客戶以及爲自我可持續發展籌措資金。
他們正在努力降低資本支出成本，增強客戶充電體驗，並開發下一代充電架構，旨在將每個攤位的資本支出降低多達30％。
與去年相比，EVGo網絡的吞吐量同比增長了三倍，第一季度的攤位數量增長了38％。
該公司在2024年第一季度增加了10.9萬個新客戶賬戶（同比增長63％），使客戶賬戶總數超過98.1萬個。
EVGo正在利用特斯拉充電站擴張放緩所留下的增長缺口。
他們預計，在整個網絡中推出的基於需求的動態定價模型將提高利潤率。
EVGo通過受益於用於預測性維護和診斷的軟件更新，從而降低了成本，從而延長了網絡的正常運行時間。
該公司保持高流動性，擁有1.76億美元，預計將持續到2025年，無需外部資金。
More details: EVgo Inc IR
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譯文內容由第三人軟體翻譯。