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Stock impact report

Volta Inc. Reports Third Quarter Financial Results

Volta, Inc. Class A (VLTA) 
Company Research Source: Business Wire
Third quarter revenue increased 69% year-over-year to $14.4 millionRecord media revenue of $12.2 million, an increase of 9% quarter-over-quarter and 66% year-over-yearVolta’s network of installed charging stalls was 3,093 as of September 30, 2022, adding 173 charging stalls, up 6% quarter-over-quarter and up 45% year-over-yearVolta Media™ Network surpassed 5,700 screens and one billion monthly media impressions; new advertisers included Google, Neiman Marcus, FIJI Water, Peacock, and Capital One; repeat advertisers included Jeep, Target, Disney, Bank of America, and Coca-ColaVolta reduced run-rate cash SG&A by 43%, which included a 54% reduction of U.S. full-time headcount NEW YORK--(BUSINESS WIRE)--Volta Inc. (NYSE: VLTA, VLTA WS) (“Volta” or the “Company”), an industry-leading electric vehicle (“EV”) charging and media company, today announced financial results for its third quarter ended September 30, 2022.“Volta’s business continues to grow, demonstrating the power and value of Show less Read more
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