| --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | | | | Q3 Fiscal 2025 Financial Results December 4, 2024 You can find information regarding our use of non-GAAP financial measures in our earnings release dated December 4, 2024, found on the Investor Relations section ...

Revenue Performance - Third quarter fiscal 2025 revenue was $100 million, a decrease of 10% from $110.3 million in the same quarter last year[2] - Total revenue for the three months ended October 31, 2024, was $99,612, a decrease of 10% compared to $110,283 for the same period in 2023[22] - Networked charging systems revenue was $52,662, down 29% from $73,893 year-over-year[22] - Subscription revenue for the third quarter was $36 million, representing a 19% year-over-year growth[2] - Subscriptions revenue increased by 19% to $36,417 from $30,559 in the prior year[22] Profitability Metrics - GAAP gross margin for the third quarter was 23%, compared to (22)% in the prior year's same quarter[3] - Gross profit for the three months ended October 31, 2024, was $22,786, compared to a gross loss of $(23,946) in the same quarter last year[22] - The company reported a non-GAAP gross profit margin of 26% for the three months ended October 31, 2024, compared to a negative margin of (18)% in the same period last year[31] Operating Expenses - GAAP operating expenses for the third quarter were $91 million, down 30% from $129.8 million in the prior year's same quarter[3] - Total operating expenses decreased to $90,952 from $129,821 year-over-year, reflecting a reduction of 30%[22] - Non-GAAP operating expenses for the three months ended October 31, 2024, were $58,597, accounting for 59% of revenue, compared to 74% for the same period in 2023[35] Net Loss - GAAP net loss for the third quarter was $77.6 million, down 51% from $158.2 million in the prior year's same quarter[3] - Net loss for the three months ended October 31, 2024, was $(77,590), an improvement from $(158,219) in the same quarter of 2023[22] - GAAP net loss for the three months ended October 31, 2024, was $77,590, representing 78% of revenue, while the nine months ended October 31, 2023, showed a net loss of $362,861, or 93% of revenue[37] - Non-GAAP net loss for the three months ended October 31, 2024, was $42,240, or 42% of revenue, compared to $105,939, or 96% of revenue, for the same period in 2023[37] Future Outlook - ChargePoint expects fourth quarter fiscal 2025 revenue to be between $95 million and $105 million[8] - ChargePoint aims to achieve positive non-GAAP Adjusted EBITDA in a quarter during fiscal year 2026[8] Cash and Assets - As of October 31, 2024, ChargePoint had cash and cash equivalents of $219.8 million and a $150 million undrawn revolving credit facility[3] - Cash and cash equivalents decreased to $219,409 from $327,410 at the beginning of the period[25] - Total assets decreased to $966,338 from $1,103,363 since January 31, 2024[25] - Total liabilities increased to $785,357 from $775,687 at the end of the previous period[25] Other Financial Metrics - Stock-based compensation expense for the nine months ended October 31, 2024, totaled $61,083, while the same period in 2023 recorded $91,946[37] - Non-GAAP Adjusted EBITDA loss for the three months ended October 31, 2024, was $28,586, representing 29% of revenue, while the nine months ended October 31, 2023, showed a loss of $227,420, or 58% of revenue[37] - Interest expense for the three months ended October 31, 2024, was $9,315, significantly higher than $3,820 for the same period in 2023[37] - Amortization of intangible assets for the nine months ended October 31, 2024, was $9,130, slightly up from $9,085 in the same period of 2023[37] - Restructuring costs for the three months ended October 31, 2024, amounted to $9,828, compared to $15,601 for the same period in 2023[37] - Other adjustments for the nine months ended October 31, 2024, totaled $5,729, compared to $893 in the same period of 2023[37] - Provision for income taxes for the three months ended October 31, 2024, was $1,511, contrasting with a benefit of $(315) for the same period in 2023[37] Product Developments - ChargePoint introduced the CPF50, an affordable Level 2 charging solution aimed at fleet electrification[6] - The new ChargePoint Essential cloud plan enhances accessibility for small businesses and multi-family housing[7]

ChargePoint (CHPT -2.52%) is at the leading edge of the electric vehicle (EV) transition. Although it doesn't make vehicles, it does provide the vital charging products and services that are needed for widespread adoption of EVs. It is an exciting story in many ways, but there's a small problem that investors need to understand before they buy it. ChargePoint is bleeding red ink, and there's no sign that this is going to change anytime soon.What does ChargePoint do?Without getting too deep into the technolo ...

ChargePoint Holdings, Inc. (CHPT) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended October 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be release ...

ChargePoint Holdings, Inc. (CHPT) ended the recent trading session at $1.15, demonstrating a +1.77% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 0.35%. Meanwhile, the Dow experienced a rise of 0.97%, and the technology-dominated Nasdaq saw an increase of 0.17%.Shares of the company witnessed a loss of 13.08% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its gain of 27.65% and the S&P 500's gain of ...

In the latest trading session, ChargePoint Holdings, Inc. (CHPT) closed at $1.12, marking a +1.82% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.61%. On the other hand, the Dow registered a loss of 0.47%, and the technology-centric Nasdaq decreased by 0.64%.Coming into today, shares of the company had lost 17.91% in the past month. In that same time, the Auto-Tires-Trucks sector gained 25.32%, while the S&P 500 gained 3.07%.Market participants will be closely following the fin ...

Could the stock for this out-of-favor EV charging company bounce back in the future?ChargePoint (CHPT 7.08%) hasn't minted any millionaires since its public debut. The builder of electric vehicle (EV) charging stations went public by merging with a special purpose acquisition company (SPAC) on March 1, 2021, and its stock opened at $32.30 with an enterprise value of nearly $9 billion.But today, ChargePoint's stock trades at just over $1 a share with an enterprise value of about $550 million. It lost more th ...

The latest trading session saw ChargePoint Holdings, Inc. (CHPT) ending at $1.23, denoting a +0.82% adjustment from its last day's close. This move outpaced the S&P 500's daily gain of 0.74%.Heading into today, shares of the company had lost 10.95% over the past month, lagging the Auto-Tires-Trucks sector's gain of 7.29% and the S&P 500's gain of 3.16% in that time.Market participants will be closely following the financial results of ChargePoint Holdings, Inc. in its upcoming release. On that day, ChargePo ...

The continued, fairly rapid growth of U.S. plug-in vehicle sales, along with ChargePoint's (NYSE: CHPT ) alliance with giant South Korean battery maker LG, bode well for ChargePoint's longer-term outlook. Also, importantly, ChargePoint is well-positioned to benefit from the proliferation of battery-electric trucks in the Analyst's Disclosure: I/we have a beneficial long position in the shares of EVGO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses ...

The EV market isn't growing as quickly as hoped, and that will put pressure on companies that aren't industry leaders. The electric vehicle market has been on a wild ride for the last few months. Demand for electric vehicles (EVs) has been disappointing, trade barriers are going up around the world, and a rush of planned stimulus spending in China changed the market's tune last week. According to data provided by S&P Global Market Intelligence, Luminar Technologies (LAZR 7.18%) fell 11.8% in September, Luci ...