Market Position and Revenue - The company claims to have seven times more market share than its closest competitor in North America and serves 80% of the Fortune top 50 companies [1] - In Q3 2024, the company generated approximately $100 million in revenue, with subscription revenues growing nearly 20% year-over-year [1] Financial Performance - The company is unprofitable, with a net loss of $78 million in Q3 2024, or $0.18 per share, an improvement from a loss of $0.43 per share in Q3 2023 [5] - The company has a history of losses and negative cash flows, with significant expenses expected to continue in the near term [6] Business Model and Operations - ChargePoint provides EV charging products and services for both consumer and fleet vehicles, with a network of over 329,000 charging points across the US and Europe [4] - The company operates in the early-stage EV adoption market, requiring substantial R&D investment to stay competitive [9] Investment Perspective - ChargePoint is a high-risk/high-reward investment, with potential to become a dominant player in the EV charging network industry [6] - The stock has lost 95% of its peak value since late 2020, presenting a low-cost entry point for investors who believe in the EV future [2] Challenges and Risks - The company faces risks such as inability to raise capital at attractive rates and potential technology missteps that could leave it behind competitors [3] - Despite the positive narrative around EVs, ChargePoint's financial struggles and high operating costs remain significant challenges [7][10]

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

This little EV charging company still faces an uphill battle.ChargePoint (CHPT -1.72%) has disappointed a lot of investors since its public debut. The electric vehicle (EV) charging infrastructure builder went public by merging with a special purpose acquisition company (SPAC) in March 2021, and its stock opened at $32.30.But today, it trades at about $1.25. Its investors headed for the exits as it broadly missed its initial growth estimates and racked up staggering losses. Yet ChargePoint is still a divisi ...

Key TakeawaysChargePoint and General Motors are teaming up to install hundreds of new electric vehicle (EV) chargers, the companies announced Wednesday.The companies said they plan to make and install up to 500 new EV chargers, branded as GM Energy chargers, across the U.S.The new charging stations are expected to become available to the public by the end of next year. ChargePoint (CHPT) and General Motors (GM) are teaming up to install hundreds of new electric vehicle chargers, the companies announced Wedn ...

Core Viewpoint - ChargePoint's shares experienced a significant increase following the announcement of a partnership with General Motors to enhance the installation of fast EV charging stations across the U.S. [1] Group 1: Partnership Details - ChargePoint and General Motors plan to install hundreds of new ultra-fast chargers in strategic locations over the next year, utilizing ChargePoint's Omni Port system for compatibility with both CCS and NACS charging ports [2] - The collaboration aims to provide a seamless charging experience without the need for EV owners to use adapters or select specific charger parking spaces based on connector type [2] Group 2: Company Statements - ChargePoint's CEO emphasized that the partnership represents a significant investment in infrastructure to facilitate fast and easy charging for all, leveraging reliable hardware and an industry-leading software platform [3] - General Motors aims to enhance customer experiences by providing more reliable, accessible, and convenient charging options for EV buyers [3] Group 3: Market Reaction - Despite the initial surge in ChargePoint's stock price by over 12%, the shares later settled with only a 3% increase, indicating that investors may have overreacted to the news [1][4] - Both companies are banking on the growth of EV sales to drive more profitable business outcomes, with this partnership being a strategic step towards that goal [4]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 001-39004 ChargePoint Holdings, Inc. (Exact name of registrant as specified in its charter) ...

Core Insights - ChargePoint Holdings has been one of the worst-performing stocks in the market over the last four years, with shares peaking in the mid $40s in late 2020 and currently trading below $1.50 [1] Company Performance - ChargePoint Holdings' stock performance has significantly declined, indicating potential challenges in the electric vehicle charging sector [1] Market Context - The electric vehicle charging industry is facing scrutiny as ChargePoint's stock struggles, reflecting broader market trends and investor sentiment towards EV-related companies [1]

I am mostly a trader engaging in both long and short bets intraday and occasionally over the short- to medium term. My historical focus has been mostly on tech stocks but over the past couple of years I have also started broad coverage of the offshore drilling and supply industry as well as the shipping industry in general (tankers, containers, drybulk). In addition, I am having a close eye on the still nascent fuel cell industry.I am located in Germany and have worked quite some time as an auditor for Pric ...

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was $100 million, exceeding guidance of $85 million to $95 million [11][29] - Non-GAAP gross margins remained steady at 26%, with a significant improvement of 44 percentage points compared to Q3 of the previous year [33] - Operating expenses decreased to $59 million from $66 million in the previous quarter, reflecting a 12% sequential decline [12][33] - Cash consumption was reduced to $24 million, down 64% from Q1 of the same year [12][36] Business Line Data and Key Metrics Changes - Networked charging systems generated $53 million, accounting for 53% of total revenue, down 18% sequentially and 29% year-on-year [29] - Subscription revenue was $36 million, representing 37% of total revenue, up 1% sequentially and 19% year-on-year [29] - Other revenue increased to $11 million, up 28% sequentially and 81% year-on-year, driven by growth in transaction fees and one-time project revenue [29] Market Data and Key Metrics Changes - North America accounted for 83% of Q3 revenue, while Europe represented 17%, with Europe facing challenges due to policy uncertainties [32] - The U.S. saw record EV sales in Q3, up 11% year-over-year, contributing to a record EV market share [18][19] - The managed port count exceeded 329,000, marking a 20% increase in active ports year-over-year [19] Company Strategy and Development Direction - The company is focused on a three-year strategic plan centered on software platform leadership, hardware innovation, driver experience, and operational excellence [20] - Year two of the plan will prioritize the rollout of next-generation software and hardware products, enhancing customer management capabilities [21][22] - The company aims to achieve positive non-GAAP adjusted EBITDA in fiscal year 2026, with a focus on revenue growth and operational efficiency [28][37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term prospects for electric vehicles, citing a diverse selection of EVs entering the market [59] - There are indications of demand growth, with expectations for closing deals that were previously pushed out [60] - Management noted no significant changes in customer buying behavior due to political shifts, maintaining a stable outlook [72] Other Important Information - The company has access to a $150 million revolving credit facility, which remains undrawn, and has no debt maturities until 2028 [36] - Inventory balance decreased by $7 million, with expectations to free up cash next year as inventory is sold down [35][36] Q&A Session Summary Question: Margin trajectory expectations - Management expects gross margins to remain flat to slightly improve in Q4, with more significant improvements anticipated next year as inventory is sold through [42] Question: Sales process efficiency - The new sales leader has positively impacted sales and marketing execution, with improvements in deal processes and partner programs [45] Question: Impact of incoming administration on tariffs - The company does not manufacture in China and has U.S. manufacturing operations, allowing flexibility in production location if needed [52] Question: Commitment to Europe - Management remains committed to the European market despite current challenges, citing long-term prospects and multinational customer advantages [54] Question: Confidence in business momentum - Confidence stems from a broader selection of EVs and expected revenue growth from existing deals and sectors [60][61] Question: Operating expenses and sustainability - The company expects to maintain a lower operating expense run rate following the September restructuring, with ongoing evaluations for efficiencies [66][68] Question: Cash OpEx burn and future improvements - Cash burn is expected to mirror EBITDA loss closely, with continued focus on reducing inventory to free up cash [88] Question: Long-term outlook for achieving positive EBITDA - Revenue growth and gross margin improvement are key levers for achieving positive EBITDA, with expectations for growth from existing products [96][97] Question: New product contributions to growth - Most revenue in the upcoming fiscal year is expected to come from the existing portfolio, with new products contributing in subsequent years [132] Question: Availability of hardware for network operators - The company is prepared with its Omni Port solution, which is expected to generate incremental service revenue as customers upgrade [136]

ChargePoint Holdings, Inc. (CHPT) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -11.11%. A quarter ago, it was expected that this company would post a loss of $0.08 per share when it actually produced a loss of $0.10, delivering a surprise of -25%.Over the last four quarters, the company ha ...