ChargePoint Holdings Fiscal Q3 Net Loss Narrows, Revenue Falls; Shares Rise After-Hours

MT Newswires Live

2024/12/05

ChargePoint Holdings (CHPT) reported late Wednesday its fiscal Q3 net loss narrowed to $0.18 per diluted share, from $0.43 a year earlier.

Analysts polled by FactSet expected a loss of $0.18.

Revenue for the quarter ended Oct. 31 was $99.6 million, down from $110.3 million a year earlier.

Analysts surveyed by FactSet expected $89.8 million.

The company said it is focusing on achieving growth and optimizing operations to reach positive non-GAAP Adjusted EBITDA, targeted for a quarter in fiscal year 2026.

Shares of ChargePoint jumped more than 18% in recent Wednesday trading.

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