ChargePoint Reports Second Quarter Fiscal 2022 Financial Results; Raises Full-Year Revenue Guidance
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Go back to ChargePoint Reports Second Quarter Fiscal 2022 Financial Results; Raises Full-Year Revenue Guidance
September 2, 2021 8:09 AM EDT
Shares of ChargePoint (NYSE: CHPT) are trading over 16% higher after the company delivered a beat-and-raise quarter.
Chargepoint reported a Q2 net loss of $40.4 million. Revenue for the quarter came in at $56.1 million versus the consensus estimate of $48.9 million.
ChargePoints strong second quarter results demonstrate our continued growth and leadership in the electric revolution. We achieved record revenue, significantly grew our commercial, fleet and residential businesses, launched a charging integration with Mercedes, announced our agreement to acquire e-mobility technology provider has·to·be and acquired eBus and commercial vehicle... More
September 2, 2021 7:00 AM EDT
Needham & Company analyst Vikram Bagri lowered the price target on ChargePoint Holdings Inc. (NYSE: CHPT) to $35.00 (from $39.00) while maintaining a Buy rating.
The analyst commented, "CHPT's 2QF22 revenue beat company guidance and street consensus by 16% and 14%, respectively. Gross margin in 2QF22 was... More
