earnings
confidence high
sentiment positive
materiality 0.75
ChargePoint Q1 FY2024 revenue $130M (+59% YoY); guides Q2 rev $148-158M
ChargePoint Holdings, Inc.
2024-Q1 EPS reported
-$0.23
revenue$130,030,000
- Revenue $130.0M, up 59% YoY; networked charging systems $98.3M (+65%), subscriptions $26.4M (+49%).
- GAAP gross margin 23% (15% prior year); non-GAAP gross margin 25% (17% prior year).
- GAAP net loss $79.4M improved from $89.3M; Adjusted EBITDA loss $48.9M improved from $67.1M.
- Cash $313.7M as of Apr 30, 2023; shares outstanding ~353M.
- Q2 FY2024 revenue guidance $148-158M (41% YoY growth at midpoint).