- First quarter of 2022 revenue of €30.5 million, an increase of 221% compared to the first quarter of 2021, driven by charging revenues more than doubling and a three-fold increase in services revenues.
- Charging revenues benefitted from a 96% increase in the total number of charging sessions on company-owned sites to nearly 1.6 million in the first quarter of 2022 from 0.8 million in the first quarter of 2021.
- Utilization rate1 was 7.7% for the first quarter of 2022, compared to 4.5% for the corresponding period in 2021.
- Net loss was €350.9 million for the first quarter of 2022, compared to €54.1 million in the first quarter of 2021.
- Operational EBITDA was €1.5 million in the first quarter of 2022, compared to a loss of €0.5 million in the first quarter of 2021, showing strong resilience despite inflation.
- Through April and May of 2022, utilization rates accelerated to an average of 9.0% versus an average rate of 4.9% in the comparable prior-year period.
Related Posts
Benzinga Bulls And Bears Of The Week: Coinbase, Tesla, Apple, Nvidia, Planet Fitness And This Legacy Automaker
Benzinga has examined the prospects for many investors' favorite stocks over the past week, while offering a 24/7 news feed, live chat and charting software on Benzinga Pro.
Hey, Coinbase. Want To Boost Shareholder Value? Lay Off Employees, Analyst Says
Sure, Coinbase Global Inc (NASDAQ: COIN) may benefit from FTX’s collapse.
B of A Securities Upgrades Atlantica Sustainable to Buy, Announces $33 Price Target
B of A Securities analyst Julien Dumoulin-Smith upgrades Atlantica Sustainable (NASDAQ:AY) from Neutral to Buy and announces $33 price target.