Loading...
Loading...
- ChargePoint Holdings Inc CHPT reported second-quarter revenue growth of ~61% year-over-year to $56.12 million, beating the consensus of $49.06 million.
- The company says revenue growth was significant in North America and Europe across the commercial, fleet, and residential verticals.
- Revenue by segments: Networked charging systems $40.87 million (+91.3% Y/Y), Subscriptions $12.08 million (+23.15% Y/Y) and Others $3.16 million (-16.2 Y/Y).
- EPS was $(0.29). Net loss attributable to common stockholders narrowed to $(92.4) million.
- Gross profit increased by 19.4% Y/Y to $10.78 million, and margin contracted by 660 bps to 19.2%.
- Loss from operation expanded to $(74.29) million, compared to a loss of $(23.5) million a year ago.
- The company held cash and equivalents of $618.5 million as of July 31, 2021.
- ChargePoint cash used in operating activities year-to-date was $61.19 million, compared to $50.07 million a year ago.
- The company’s activated ports exceed 118,000 as of July 31, with over 5,400 in Europe and over 3,700 DC fast charge ports.
- Q3 outlook: ChargePoint expects revenue of $60 million - $65 million versus the consensus of $54.65 million.
- FY22 Outlook: The company expects revenue of $225 million - $235 million (prior $195 million - $205 million) versus the consensus of $206.56 million.
- Price Action: CHPT shares are trading higher by 14.23% at $24.25 during the premarket session on Thursday.
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in