8-K
filed December 1, 2022, 6:59 PM ET
ticker CHPT
CIK 0001777393
earnings
confidence high
sentiment neutral
materiality 0.80
ChargePoint Q3 revenue up 93% YoY to $125.3M; guides FY23 revenue to $475-485M
ChargePoint Holdings, Inc.
2023-Q3 EPS reported
-$0.79
revenue$315,267,000
- Revenue $125.3M (+93% YoY); networked charging systems $97.6M (+105%).
- GAAP gross margin 18% (down from 25% YoY); non-GAAP gross margin 20%.
- GAAP net loss $84.5M vs $69.4M YoY; non-GAAP pre-tax loss $56.4M.
- Q4 revenue guidance $160-170M (~108% YoY growth at midpoint).
- Full-year revenue guidance raised $5M to $475-485M; non-GAAP op ex cut $30M to $325-335M.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
ChargePoint Holdings, Inc. reported fourth quarter fiscal 2023 ending January 31, 2023 and full fiscal year 2023 ending January 31, 2023 results: revenue $160-$170 million for Q4; $475-$485 million for full year. Guidance raised.
- Period
- fourth quarter fiscal 2023 ending January 31, 2023 and full fiscal year 2023 ending January 31, 2023
- Revenue
- $160-$170 million for Q4; $475-$485 million for full year
- Guidance
- raised
- Result
- guidance update
Exact text from the filing
ChargePoint guides to fourth quarter fiscal 2023 revenue of $160-$170 million; full-year revenue guidance range revised upward $5 million from previous midpoint to $475 million to $485 million
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
ChargePoint Holdings, Inc. reported third quarter fiscal 2023 ended October 31, 2022 results: revenue $125.3 million, net income $84.5 million.
- Period
- third quarter fiscal 2023 ended October 31, 2022
- Revenue
- $125.3 million
- Net income
- $84.5 million
- Result
- reported results
Exact text from the filing
• Revenue. Third quarter revenue was $125.3 million, up 93% from $65.0 million in the prior year’s same quarter. Networked charging systems revenue for the third quarter was $97.6 million, up 105% from $47.5 million in the prior year’s same quarter and subscription revenue was $21.7 million, up 62% from $13.4 million in the prior year’s same quarter. • Gross Margin. Third quarter GAAP gross margin was 18%, down from 25% in the prior year's same quarter primarily due to supply chain disruptions, which affected both cost and supply availability, and increased new product introduction and transition costs. Third quarter non-GAAP gross margin, which primarily excludes stock-based compensation expense and amortization from acquired intangible assets, improved sequentially to 20%, but was down from 27% in the prior year's same quarter due to the same factors. • Net Income/Loss. Third quarter GAAP net loss was $84.5 million, as compared to $69.4 million in the prior year's same quarter. Non-G
View on SEC.gov
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