earnings
confidence high
sentiment neutral
materiality 0.75
ChargePoint Q1 revenue $81.6M (+102% YoY); net loss widens to $89.3M
ChargePoint Holdings, Inc.
2023-Q1 EPS reported
-$0.27
revenue$81,633,000
- Revenue $81.6M (+102% YoY); networked charging systems $59.6M (+122%), subscriptions $17.6M (+63%).
- GAAP gross margin 15% (down from 23%); non-GAAP gross margin 17% (down from 23%).
- GAAP net loss $89.3M (incl. $15.5M SBC); non-GAAP pre-tax net loss $71.7M vs $39.4M prior year.
- Over 188k activated ports under management; Europe revenue grew 67% sequentially.
- Full-year FY2023 revenue guidance reaffirmed at $450-500M; Q2 guidance $96-106M.