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
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