About Cabling Installation & Maintenance

Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

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EVgo (NASDAQ: EVGO) Shares Q4 and FY 2022 Financial Results Showing Massive Revenue Growth, Issues Guidance For 2023

EVgo, Inc. (NASDAQ: EVGO) operates as a charging solutions provider, which focuses on building and operating charging infrastructure for electric vehicles. Shares of EV charging company are rallying 23% through afternoon trading on Thursday, March 30, 2023. Over the past three months, EVgo has seen average daily volume of 2.37 million shares. However, volume of 12.77 million shares or dollar volume of around $92.71 million, has already exchanged hands through afternoon trading.

Shares of EVgo are gaining after the company released fourth quarter and full-year 2022 financial results. For the fourth quarter of 2022, the EV charging company reported revenue of $27.3 million, which represents 283% year-over-year growth. The company reported a gross loss of $1.1 million and an overall net loss of $17 million. On an adjusted basis, EVgo saw an adjusted gross profit of $5 million and adjusted EBITDA of ($20.1) million. On the bright side, the company added 59,000 new accounts during the quarter and saw total network throughput of 14.4 gigawatt-hours.

Turning to the full-year 2022 financial results, EVgo reported total revenue of $54.6 million, which represented strong growth of 146% y/y compared to 2021. The company reported a net loss of $106.2 million, but an adjusted gross profit of $13.2 million and adjusted EBTIDA of ($80.2) million. For the year 2022, EVgo added 224,000 new accounts and produced a total of 44.6 gigawatt-hours across its charging network.

Management has also issued revenue and adjusted EBITDA guidance for full-year 2023. The company estimates total revenues coming in between $105 million and $150 million. Adjusted EBITDA is forecasted to be in a range of ($78) million to ($60) million. Furthermore, EVgo estimated to expand its charging network to a total of 3,400 and 4,000 stations in operation or under construction during 2023.

Overall, the company closed out 2022 with a total of 2,800 charging stations in operation or under construction. More than 180 new stations were added during the fourth quarter alone and over 670 total for the 2022 year.

During the fourth quarter, the company began delivering equipment for its projects with Pilot Flying J, which was a factor in the strong revenue growth for Q4. EVgo also launched its ReNew program, which is focused on enhanced maintenance and upgrading of stations across its network.

“In 2022 EVgo achieved record revenue reflecting the continued growth of EVgo’s ultra-fast DC charging network, blue-ribbon partnerships, and industry-leading technology offerings,” said Cathy Zoi, EVgo’s CEO. “EVgo remains focused on operational excellence and continuing to strengthen our network by adding new fast charging locations and upgrading stalls on our public network. Committed to creating a seamless charging experience for EV drivers and fleet operators, EVgo added new technology features like Autocharge+, PlugShare Premium, charging with Amazon Alexa, and we expanded EVgo AdvantageTM and EVgo OptimaTM. We expect 2023 will be another banner year for EVgo as we expand our network and revenue base, and deliver financial results that demonstrate discipline, agility, and innovation in serving the rapidly growing EV sector.”

Disclosure: No position. Spotlight Growth has no relationships with any of the companies mentioned in this article and did not receive payment in any form for its creation. This is an opinion article and is not meant to be financial advise. We are not broker-dealers or investment professionals. Please conduct your own due diligence. For more information on our disclosures, please visit: https://spotlightgrowth.com/disclosures/

The post EVgo (NASDAQ: EVGO) Shares Q4 and FY 2022 Financial Results Showing Massive Revenue Growth, Issues Guidance For 2023 appeared first on Spotlight Growth.

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