Volta, the company which operates ad supported electric vehicle charging stations release it’s second quarter 2022 financials yesterday. Here are the highlights from Volta’s earnings release, Volta’s earnings presentation and the conference call.
- Total revenue increased by 121% to $15.3 million. Media revenue (e.g. ad revenue on charging stations) increased by 73% to $11 .2 million. Here’s a breakdown of second quarter revenue.
- The company expects third quarter revenue to be $17-18 million.
- Volta had 5,425 screens installed at 2,920 charging stalls at June 30, 2022, an increase of 15% during the quarter to 2,920.
- Adjusted EBIDTA was a negative $33.4 million for the second quarter of 2022 down from a negative $41.4 million during the first quarter.
- Cash and marketable securities totaled $103 million at June 30, 2022.
Volta CEO Vince Cubbage on Media Sales
Media Sales contributed almost $4,000 per charger in this quarter alone…
Chief Commercial Officer Brandt Hasting on the media platform
The Volta media network is a robust media platform…including capabilities such as data driven audience targeting, programmatic media buying, dynamic creative triggers, mobile retargeting and a suite of measurement analytics…we strategically place out infrastructure just steps away from popular retail locations…enabling Volta in influence in-store sales…
Brandt Hastings the importance of showing advertisers results
I was on the phone with a CMO just the other day. She was telling me how her company is going through and reprioritizing all their marketing spend for the back half of the year really to focus on media companies that can deliver measurable results – cutting the nice to have and prioritizing the must have…
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