Why ChargePoint Stock Surged 7% This Morning [Yahoo! Finance]
ChargePoint Holdings, Inc. (CHPT)
Company Research
Source: Yahoo! Finance
Heading into the report, analysts forecast ChargePoint would lose $0.09 per share on sales of just under $90 million. In fact, ChargePoint beat the sales forecast, reporting $100 million in revenue. However, its loss was twice as big as expected at $0.18 per share. Are You Missing The Morning Scoop? Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Sales declined 10% year over year, with revenue from electric-car charging , in particular, taking a big hit -- down 29% year over year. Subscription revenue, by contrast, rose 19%. To mitigate the sales slowdown, ChargePoint cut operating expenses 30%, with the result that the bottom-line net losses were roughly halved year over year. Per-share net losses declined even more steeply (58% lower than in last year's Q3). However, this was largely due to the company growing its share count by nearly 16%, spreading out losses among more shares outstanding The reason ChargePoint needed to sell more shares is
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CHPT
News
- Should You Buy ChargePoint Stock While It's Below $4? [Yahoo! Finance]Yahoo! Finance
- GM, ChargePoint Team Up To Install Up to 500 EV Chargers [Yahoo! Finance]Yahoo! Finance
- GM and ChargePoint plan to install hundreds of fast EV chargers by the end of 2025 [Verge, The]Verge, The
- GM, ChargePoint to install up to 500 ultrafast charging stations in US [USA TODAY]USA TODAY
- ChargePoint Inks Pact With General Motors - Eyes Installing Ultra-fast Charging Ports At Key Locations [Yahoo! Finance]Yahoo! Finance
CHPT
Earnings
- 12/4/24 - Miss
CHPT
Sec Filings
- 12/19/24 - Form 8-K
- 12/6/24 - Form 10-Q
- 12/5/24 - Form 4
- CHPT's page on the SEC website