ChargePoint recasts FY2021 financials for reverse recapitalization; revenue $146.5M, net loss $197M

ChargePoint Holdings, Inc.

Audited consolidated financial statements recast to retrospectively reflect reverse recapitalization with Switchback at exchange ratio 0.9966.
Revenue for FY2021 (Jan 2021) was $146.5M, up 1.4% from $144.5M in FY2020.
Net loss for FY2021 was $197M, compared to $134.3M in FY2020.
Accumulated deficit reached $679.4M as of Jan 31, 2021; cash and equivalents $145.5M.
Merger closed Feb 26, 2021, with PIPE investors purchasing $225M of common stock.

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