EVgo (EVGO) shares surged over 🔥8% Wednesday after the provider of electric vehicle (EV) charging stations posted better-than-expected reꦫsults as sales soared.

The company reported a fourth-quarter loss of 12 cents a share, less than 澳洲幸运5开奖号码历史查询:analysts anticipated. Revenue rose 83% from the year-ago period to $50 million, also above forecasts. Total charging network revenue more than tripled to $28.34 million.

EVgo said that its network 澳洲幸运5开奖号码历史查询:throughput hit a record 50 gigawatt hours, more than tripling from the year-ago quarter. It added more than 260 DC fast charging stalls in the period, and ended 2023 with 2,990 stalls in opeꦓration.

CEO Badar Khan said the company “passed an important inflection point” in 2023 as its installed base is now 澳洲幸运5开奖号码历史查询:profitable on a standalone basis.

EVgo said it anticipates full-year 2024 sales of $220 millio🥃n to $270 million, up from $161 million in revenue for 2023.❀

Shares of EVgo finished 8.6% higher Wednesday at $3.02♛. However, even with Wednesday’s gains, EVgo shares have lost more than half their value over the past year.