ChargePoint Holdings (CHPT 9.02%) stock leapt 7.8% higher through 9:55 a.m. ET Thursday morning after reporting mixed Q3 earnings last night.
The electric vehicle charging equipment maker is still a relatively new company that isn't profitable. But its numbers impressed.
ChargePoint shares rallied after a Q3 revenue beat, but street estimates had come down quite dramatically in recent months. The company's operating and net losses remain a significant percentage of current revenues. The balance sheet has weakened, with rising debt and negative cash flow, and the share count has been rising over time.
ChargePoint Holdings reported better-than-expected Q3/FY2025 results, with sales coming in well above consensus estimates. While higher-margin subscription revenues continued to increase, sales of charging systems deteriorated to new multi-year lows. Lower operating expenses resulted in substantially reduced Adjusted EBITDA losses and reduced cash outflows.
ChargePoint Holdings, Inc. (NYSE:CHPT ) Q3 2025 Earnings Conference Call December 4, 2024 4:30 PM ET Company Participants Nandan Amladi - Vice President, Finance & Investor Relations Rick Wilmer - Chief Executive Officer Mansi Khetani - Chief Financial Officer Conference Call Participants Colin Rusch - Oppenheimer Bill Peterson - JPMorgan Mark Delaney - Goldman Sachs Steven Fox - Fox Advisors Joseph Osha - Guggenheim Partners Chris Dendrinos - RBC Capital Markets Chris Pierce - Needham Gabe Daoud - TD Cowen Patrick Ouellette - Stifel Craig Irwin - Roth Capital Partners Operator Ladies and gentlemen, good afternoon. My name is Abby, and I'll be your conference operator for today's call.
ChargePoint Holdings, Inc. (CHPT) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.29 per share a year ago.
ChargePoint (CHPT -2.46%) 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.
ChargePoint (CHPT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In the closing of the recent trading day, ChargePoint Holdings, Inc. (CHPT) stood at $1.15, denoting a +1.77% change from the preceding trading day.
In the closing of the recent trading day, ChargePoint Holdings, Inc. (CHPT) stood at $1.12, denoting a +1.82% change from the preceding trading day.
Could the stock for this out-of-favor EV charging company bounce back in the future?
ChargePoint Holdings, Inc. (CHPT) closed the most recent trading day at $1.23, moving +0.82% from the previous trading session.