ChargePoint Holdings, Inc. (NYSE:CHPT) Q1 2025 Earnings Call Transcript June 5, 2024 4:30 PM ET Company Participants Patrick Hamer - VP of Capital Markets and IR Rick Wilmer - CEO Mansi Khetani - Interim CFO Conference Call Participants James West - Evercore ISI Colin Rusch - Oppenheimer Bill Peterson - JPMorgan Matt Summerville - D.A. Davidson Chris Pierce - Needham & Company Mark Delaney - Goldman Sachs Steven Fox - Fox Advisors LLC Chris Dendrinos - RBC Capital Markets Craig Irwin - Roth MKM Operator Lad ...

This quarterly report represents an earnings surprise of 15.38%. A quarter ago, it was expected that this company would post a loss of $0.12 per share when it actually produced a loss of $0.13, delivering a surprise of -8.33%. ChargePoint Holdings, Inc. (CHPT) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.15 per share a year ago. These figures are adjusted for non-recurring items. The sustainability of the stock's immedi ...

Revenue Diversity | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|---------|---------|---------|---------|---------|-----------|---------|---------|--------------|---------|---------| | $M | | $150 | By Type | | | $M \n$160 | | $150 | By Geography | | | | | $130 | | | | | | $130 | | | | | | | | | | $116 | | | | | | | | | | | | $110 | | $107 | $120 | | | $110 | $116 | $107 | | | | | | | | | | | | | | | $80 | | | | | | $80 | | | | | | | $40 | | | | | | $40 | | | | | | | -- | ...

Key Points ChargePoint Holdings Inc. NYSE: CHPT is a leading electric vehicle (EV) charging infrastructure company. With over 31,000 EV charging stations and 56,000 ports, ChargePoint is the country's largest EV charging network. It is a key player in enabling the widespread adoption of EVs and electrification and helping to combat range anxiety, which is the fear of running out of electricity during a trip and being stranded. ChargePoint implements artificial intelligence (AI) driven analysis to streamline ...

ChargePoint is building an asset-light EV charging business, but that doesn't mean investors shouldn't worry about the model. Where is ChargePoint's money going? For example, in fiscal 2024, ChargePoint spent roughly $221 million on research and development (R&D). Another $150 million or so went toward sales and marketing. It doesn't break out the cost of trying to influence regulatory issues, but that isn't really needed here. That's because the company's gross profit was just over $30 million. Its gross p ...

NEW YORK, May 28, 2024 /PRNewswire/ -- Moore Law, PLLC, a securities and shareholder law firm located on Wall Street, is investigating potential claims against: ChargePoint Holdings, Inc. ("ChargePoint") (NYSE: CHPT) Shareholders who acquired before December 7, 2021 should email: [email protected] ChargePoint provides networked solutions for charging electric vehicles, including the ChargePoint cloud subscription platform and charging hardware. In September and November 2023, ChargePoint announced impairmen ...

The past few years brought a great deal of excitement for green energy stocks and the renewable energy space overall. A flood of government investments and subsidies in the sector helped build investor interest. Meanwhile overseas disruptions, such as Russia's invasion of Ukraine, placed traditional fossil fuel power sources at risk. That helped further prioritize green power solutions. However, that momentum has now gone into reverse. Green power stocks have slumped over the past 18 months as government su ...

Group 1: Growth Stocks Overview - Growth stocks have attracted significant investor interest, with some achieving returns of 1,000% over five years, providing generational returns for early investors [1] - Not all growth stocks perform well; many have high valuations due to expectations and risks, leading to potential underperformance compared to the stock market [2] Group 2: ChargePoint (CHPT) - ChargePoint went public in 2021 via a SPAC, benefiting from the electric vehicle market hype, but has since seen its stock decline by approximately 80% over the past year [3][4] - The company reported a 24% year-over-year decrease in revenue for Q4 FY24, with net losses increasing from $78.7 million to $94.7 million, a 20.3% year-over-year rise [4] - Declining electric vehicle sales negatively impact ChargePoint's business, as reduced demand for EVs diminishes the need for its charging solutions [5] Group 3: Snap (SNAP) - Snap's Q1 2024 revenue increased by 21% year-over-year, but net losses remained significant, narrowing slightly from $329 million to $305 million [6][7] - Profitability is a major concern, with Snap unlikely to achieve profitability soon, especially compared to other social media companies that have reported profitable quarters [7] - Daily active users grew by 10% year-over-year to 422 million, but competition and net losses may hinder future growth potential [8] Group 4: Etsy (ETSY) - Etsy is currently rated as a "Hold" by analysts, with a lowest price target of $45 per share indicating a potential 25% decline [9] - The company reported a 3.7% year-over-year decline in consolidated gross merchandise sales in Q1 2024, which could threaten long-term growth [10] - Revenue increased by 0.8% year-over-year, but net income fell by 15.5% year-over-year to $63 million, indicating financial strain [11]

Rivian and ChargePoint are still worth buying, but Lucid is too risky to touch. The electric vehicle (EV) market has gone through some wild swings over the past few years. Dozens of EV- related companies went public during the buying frenzy in growth and meme stocks in 2020 and 2021, but many of those stocks burned out in 2022 and 2023 as rising interest rates popped the speculative bubble. Many investors might want to shun all EV stocks after that wipeout, but there are still plenty of beaten-down plays th ...

Judging which growth stocks are good long-term bets is trickier than you might expect. These fast-moving businesses can be hard to forecast, and changes in their broader industries could quickly lift up (or sink) these growth names in short order. However, there is one metric you need to keep in mind above all else: profitability. This is by far the most important factor, a lesson I've learned the hard way. Investors should avoid scooping up growth stocks that are far from achieving profitability and don't ...