ChargePoint Holdings Inc
CHPT
ISIN US15961R1059 / Valor 59369805
ChargePoint Holdings Inc
UMushroom community rating:
About company
ChargePoint Holdings Inc is a leading company in the electric vehicle (EV) charging industry, with a strong presence in North America and a growing footprint in Europe. The company offers a comprehensive portfolio of hardware, software, and services for commercial, fleet, and residential customers, facilitating mass EV adoption. ChargePoint has a capital light business model that is directly tied to the increasing penetration of EVs, positioning it as a market leader in networked fueling. With over 4,000 commercial and fleet customers and more than 87 million charging sessions delivered to date, ChargePoint is well positioned to capitalize on the expected growth in EV charging infrastructure investment in the United States and Europe in the coming years.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (05.01.2025):
Revenue Decline
ChargePoint Holdings Inc. reported a revenue of $99.6 million for the third quarter of fiscal year 2025, which ended on October 31, 2024. This represents a 10% decrease compared to the $110.3 million reported in the same quarter of the previous year. The decline was primarily driven by a reduction in networked charging systems revenue.
Subscription Revenue Growth
Despite the overall revenue decline, ChargePoint Holdings Inc. saw a positive trend in its subscription revenue for the third quarter of fiscal year 2025. Subscription revenue increased by 19% to $36.4 million, up from $30.6 million in the same quarter of the prior year. This growth highlights the company's expanding customer base and the increasing adoption of its subscription services.
Improved Gross Margin
ChargePoint Holdings Inc. achieved a significant improvement in its gross margin for the third quarter of fiscal year 2025. The GAAP gross margin was 23%, compared to a negative 22% in the same quarter of the previous year. The non-GAAP gross margin also improved to 26% from a negative 18%, primarily due to the absence of a $42.0 million inventory impairment charge that was recorded in the prior year.
Reduced Operating Expenses
In the third quarter of fiscal year 2025, ChargePoint Holdings Inc. successfully reduced its operating expenses. GAAP operating expenses were $91.0 million, a 30% decrease from $129.8 million in the same quarter of the previous year. Non-GAAP operating expenses also decreased by 28% to $58.6 million, reflecting the company's focus on cost management and operational efficiency.
Net Loss Reduction
ChargePoint Holdings Inc. reported a significant reduction in its net loss for the third quarter of fiscal year 2025. The GAAP net loss was $77.6 million, down 51% from $158.2 million in the same quarter of the prior year. The non-GAAP pre-tax net loss also decreased by 62% to $40.7 million, demonstrating the company's progress in improving its financial performance.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2494 M
Market cap (USD)
22,640,789
Daily traded volume (Shares)
1.12 / 1.08
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
Hein Sweerts de Landas
O O
Tonia Zimmermann
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