Core Insights - ChargePoint Holdings has been one of the worst-performing stocks in the market over the last four years, with shares peaking in the mid $40s in late 2020 and currently trading below $1.50 [1] Company Performance - ChargePoint Holdings' stock performance has significantly declined, indicating potential challenges in the electric vehicle charging sector [1] Market Context - The electric vehicle charging industry is facing scrutiny as ChargePoint's stock struggles, reflecting broader market trends and investor sentiment towards EV-related companies [1]

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Financial Data and Key Metrics Changes - Revenue for Q3 2025 was $100 million, exceeding guidance of $85 million to $95 million [11][29] - Non-GAAP gross margins remained steady at 26%, with a significant improvement of 44 percentage points compared to Q3 of the previous year [33] - Operating expenses decreased to $59 million from $66 million in the previous quarter, reflecting a 12% sequential decline [12][33] - Cash consumption was reduced to $24 million, down 64% from Q1 of the same year [12][36] Business Line Data and Key Metrics Changes - Networked charging systems generated $53 million, accounting for 53% of total revenue, down 18% sequentially and 29% year-on-year [29] - Subscription revenue was $36 million, representing 37% of total revenue, up 1% sequentially and 19% year-on-year [29] - Other revenue increased to $11 million, up 28% sequentially and 81% year-on-year, driven by growth in transaction fees and one-time project revenue [29] Market Data and Key Metrics Changes - North America accounted for 83% of Q3 revenue, while Europe represented 17%, with Europe facing challenges due to policy uncertainties [32] - The U.S. saw record EV sales in Q3, up 11% year-over-year, contributing to a record EV market share [18][19] - The managed port count exceeded 329,000, marking a 20% increase in active ports year-over-year [19] Company Strategy and Development Direction - The company is focused on a three-year strategic plan centered on software platform leadership, hardware innovation, driver experience, and operational excellence [20] - Year two of the plan will prioritize the rollout of next-generation software and hardware products, enhancing customer management capabilities [21][22] - The company aims to achieve positive non-GAAP adjusted EBITDA in fiscal year 2026, with a focus on revenue growth and operational efficiency [28][37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term prospects for electric vehicles, citing a diverse selection of EVs entering the market [59] - There are indications of demand growth, with expectations for closing deals that were previously pushed out [60] - Management noted no significant changes in customer buying behavior due to political shifts, maintaining a stable outlook [72] Other Important Information - The company has access to a $150 million revolving credit facility, which remains undrawn, and has no debt maturities until 2028 [36] - Inventory balance decreased by $7 million, with expectations to free up cash next year as inventory is sold down [35][36] Q&A Session Summary Question: Margin trajectory expectations - Management expects gross margins to remain flat to slightly improve in Q4, with more significant improvements anticipated next year as inventory is sold through [42] Question: Sales process efficiency - The new sales leader has positively impacted sales and marketing execution, with improvements in deal processes and partner programs [45] Question: Impact of incoming administration on tariffs - The company does not manufacture in China and has U.S. manufacturing operations, allowing flexibility in production location if needed [52] Question: Commitment to Europe - Management remains committed to the European market despite current challenges, citing long-term prospects and multinational customer advantages [54] Question: Confidence in business momentum - Confidence stems from a broader selection of EVs and expected revenue growth from existing deals and sectors [60][61] Question: Operating expenses and sustainability - The company expects to maintain a lower operating expense run rate following the September restructuring, with ongoing evaluations for efficiencies [66][68] Question: Cash OpEx burn and future improvements - Cash burn is expected to mirror EBITDA loss closely, with continued focus on reducing inventory to free up cash [88] Question: Long-term outlook for achieving positive EBITDA - Revenue growth and gross margin improvement are key levers for achieving positive EBITDA, with expectations for growth from existing products [96][97] Question: New product contributions to growth - Most revenue in the upcoming fiscal year is expected to come from the existing portfolio, with new products contributing in subsequent years [132] Question: Availability of hardware for network operators - The company is prepared with its Omni Port solution, which is expected to generate incremental service revenue as customers upgrade [136]

分组1 - ChargePoint Holdings, Inc. reported a quarterly loss of $0.10 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.09, and an improvement from a loss of $0.29 per share a year ago, indicating an earnings surprise of -11.11% [1] - The company posted revenues of $99.61 million for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 11.79%, but down from $110.28 million in the same quarter last year [2] - ChargePoint has surpassed consensus EPS estimates only once in the last four quarters, while it has topped consensus revenue estimates two times during the same period [2] 分组2 - ChargePoint shares have declined approximately 50.4% since the beginning of the year, contrasting with the S&P 500's gain of 26.8% [4] - The current consensus EPS estimate for the upcoming quarter is -$0.07 on revenues of $101.23 million, and for the current fiscal year, it is -$0.38 on revenues of $405.34 million [8] - The Zacks Industry Rank for Automotive - Original Equipment is in the bottom 41% of over 250 Zacks industries, indicating that the outlook for the industry can significantly impact stock performance [9]

| --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | | | | Q3 Fiscal 2025 Financial Results December 4, 2024 You can find information regarding our use of non-GAAP financial measures in our earnings release dated December 4, 2024, found on the Investor Relations section ...

Revenue Performance - Third quarter fiscal 2025 revenue was $100 million, a decrease of 10% from $110.3 million in the same quarter last year[2] - Total revenue for the three months ended October 31, 2024, was $99,612, a decrease of 10% compared to $110,283 for the same period in 2023[22] - Networked charging systems revenue was $52,662, down 29% from $73,893 year-over-year[22] - Subscription revenue for the third quarter was $36 million, representing a 19% year-over-year growth[2] - Subscriptions revenue increased by 19% to $36,417 from $30,559 in the prior year[22] Profitability Metrics - GAAP gross margin for the third quarter was 23%, compared to (22)% in the prior year's same quarter[3] - Gross profit for the three months ended October 31, 2024, was $22,786, compared to a gross loss of $(23,946) in the same quarter last year[22] - The company reported a non-GAAP gross profit margin of 26% for the three months ended October 31, 2024, compared to a negative margin of (18)% in the same period last year[31] Operating Expenses - GAAP operating expenses for the third quarter were $91 million, down 30% from $129.8 million in the prior year's same quarter[3] - Total operating expenses decreased to $90,952 from $129,821 year-over-year, reflecting a reduction of 30%[22] - Non-GAAP operating expenses for the three months ended October 31, 2024, were $58,597, accounting for 59% of revenue, compared to 74% for the same period in 2023[35] Net Loss - GAAP net loss for the third quarter was $77.6 million, down 51% from $158.2 million in the prior year's same quarter[3] - Net loss for the three months ended October 31, 2024, was $(77,590), an improvement from $(158,219) in the same quarter of 2023[22] - GAAP net loss for the three months ended October 31, 2024, was $77,590, representing 78% of revenue, while the nine months ended October 31, 2023, showed a net loss of $362,861, or 93% of revenue[37] - Non-GAAP net loss for the three months ended October 31, 2024, was $42,240, or 42% of revenue, compared to $105,939, or 96% of revenue, for the same period in 2023[37] Future Outlook - ChargePoint expects fourth quarter fiscal 2025 revenue to be between $95 million and $105 million[8] - ChargePoint aims to achieve positive non-GAAP Adjusted EBITDA in a quarter during fiscal year 2026[8] Cash and Assets - As of October 31, 2024, ChargePoint had cash and cash equivalents of $219.8 million and a $150 million undrawn revolving credit facility[3] - Cash and cash equivalents decreased to $219,409 from $327,410 at the beginning of the period[25] - Total assets decreased to $966,338 from $1,103,363 since January 31, 2024[25] - Total liabilities increased to $785,357 from $775,687 at the end of the previous period[25] Other Financial Metrics - Stock-based compensation expense for the nine months ended October 31, 2024, totaled $61,083, while the same period in 2023 recorded $91,946[37] - Non-GAAP Adjusted EBITDA loss for the three months ended October 31, 2024, was $28,586, representing 29% of revenue, while the nine months ended October 31, 2023, showed a loss of $227,420, or 58% of revenue[37] - Interest expense for the three months ended October 31, 2024, was $9,315, significantly higher than $3,820 for the same period in 2023[37] - Amortization of intangible assets for the nine months ended October 31, 2024, was $9,130, slightly up from $9,085 in the same period of 2023[37] - Restructuring costs for the three months ended October 31, 2024, amounted to $9,828, compared to $15,601 for the same period in 2023[37] - Other adjustments for the nine months ended October 31, 2024, totaled $5,729, compared to $893 in the same period of 2023[37] - Provision for income taxes for the three months ended October 31, 2024, was $1,511, contrasting with a benefit of $(315) for the same period in 2023[37] Product Developments - ChargePoint introduced the CPF50, an affordable Level 2 charging solution aimed at fleet electrification[6] - The new ChargePoint Essential cloud plan enhances accessibility for small businesses and multi-family housing[7]

ChargePoint (CHPT -2.52%) is at the leading edge of the electric vehicle (EV) transition. Although it doesn't make vehicles, it does provide the vital charging products and services that are needed for widespread adoption of EVs. It is an exciting story in many ways, but there's a small problem that investors need to understand before they buy it. ChargePoint is bleeding red ink, and there's no sign that this is going to change anytime soon.What does ChargePoint do?Without getting too deep into the technolo ...

ChargePoint Holdings, Inc. (CHPT) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended October 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be release ...

ChargePoint Holdings, Inc. (CHPT) ended the recent trading session at $1.15, demonstrating a +1.77% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 0.35%. Meanwhile, the Dow experienced a rise of 0.97%, and the technology-dominated Nasdaq saw an increase of 0.17%.Shares of the company witnessed a loss of 13.08% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its gain of 27.65% and the S&P 500's gain of ...

In the latest trading session, ChargePoint Holdings, Inc. (CHPT) closed at $1.12, marking a +1.82% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.61%. On the other hand, the Dow registered a loss of 0.47%, and the technology-centric Nasdaq decreased by 0.64%.Coming into today, shares of the company had lost 17.91% in the past month. In that same time, the Auto-Tires-Trucks sector gained 25.32%, while the S&P 500 gained 3.07%.Market participants will be closely following the fin ...