ChargePoint Holdings Third Quarter 2023 Earnings: Misses Expectations

ChargePoint Holdings (NYSE:CHPT) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$125.3m (up 93% from 3Q 2022).
• Net loss: US$84.5m (loss widened by 22% from 3Q 2022).
• US$0.25 loss per share (further deteriorated from US$0.21 loss in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ChargePoint Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) also missed analyst estimates by 7.8%.

Looking ahead, revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Electrical industry in the US.

Performance of the American Electrical industry.

The company's shares are down 8.5% from a week ago.

Risk Analysis

Be aware that ChargePoint Holdings is showing 3 warning signs in our investment analysis that you should know about...

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