1/5/2024 0 Comments Charge point earning report![]() To date, more than 98 million charging sessions have been delivered, with drivers plugging into the ChargePoint network every two seconds or less. ![]() Today, one ChargePoint account provides access to hundreds-of-thousands of places to charge in North America and Europe. ChargePoint’s cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions available today. A replay will be available three hours after the conclusion of the webcast and archived for one year.ĬhargePoint is creating a new fueling network to move people and goods on electricity. ![]() Investors may access the webcast, supplemental financial information and investor presentation at ChargePoint’s investor relations website ( ) under the “Events and Presentations” section. Eastern to review its third quarter fiscal 2022 financial results and its outlook for the fourth quarter of and full-year fiscal 2022. As of October 31, 2021, there were approximately 331 million shares of common stock outstanding.įor a reconciliation of our GAAP to non-GAAP results, please see the tables below.ĬhargePoint expects revenue of $73 - $78 million for its fourth quarter ending January 31, 2022, and is raising its full year revenue outlook to $235 - $240 million, from $225 - $235 million, for the fiscal year ending January 31, 2022.ĬhargePoint will host a webcast today at 1:30 p.m. As of October 31, 2021, cash on the balance sheet was $365.9 million following approximately $210 million of cash payments for both acquisitions. Non-GAAP pre-tax net loss, which excludes stock-based compensation expense and other items, in the third quarter was $47.3 million as compared to $32.5 million in the prior year's same quarter. Third quarter GAAP net loss was $69.4 million, which included a $2.4 million loss from the change in fair value of warrant liabilities and $16.0 million in stock-based compensation expense. Third quarter non-GAAP gross margin, which primarily excludes stock-based compensation expense and amortization from acquired intangible assets, was 27% compared to 20% in the prior year's same quarter. Third quarter GAAP gross margin was 25%, up from 20% in the prior year's same quarter primarily as a result of product cost improvements and the impact of acquisitions. Revenue growth was significant in North America and Europe across ChargePoint's commercial, fleet and residential verticals. Networked charging revenue for the third quarter was $47.5 million, an increase of 111% from $22.6 million and subscription revenue was $13.4 million, up 24% from $10.8 million in the prior year’s same quarter. For the third quarter, revenue was $65.0 million, an increase of 79% from $36.4 million in the prior year’s same quarter. Third Quarter Fiscal 2022 Financial Overview ![]() This quarter we added more customers at an accelerated rate, while also successfully closing two acquisitions." “The investments we have made over many years have enabled us to capture charging demand from customers preparing for an electric future. ![]() “ChargePoint has delivered another strong quarter, as we have continued to scale our commercial, fleet and residential verticals across two continents,” said Pasquale Romano, President and CEO of ChargePoint.
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