ChargePoint Holdings, Inc. (NYSE:CHPT) released its fourth-quarter results after Tuesday's closing bell. Here's a look at the details from the report.
The Details: ChargePoint reported quarterly losses of 14 cents per share, in line with the analyst consensus estimate. Quarterly revenue clocked in at $101.88 million which beat the analyst consensus estimate of $101.71 million.
Non-GAAP gross margin was 30% as compared to 22% in the prior year’s same quarter.
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“We delivered significant sequential improvement in cash usage throughout fiscal 2025,” said Mansi Khetani, CFO of ChargePoint.
“Cash used for operating activities, a close proxy for our total cash consumption, declined significantly to $3 million in the fourth quarter, down from $31 million in the third quarter. This was due to higher gross margins, lower operating expenses, reduced inventory and other improvements to working capital. ChargePoint’s focus on operational excellence is delivering results,” Khetani added.
Outlook: For the first fiscal quarter, ChargePoint expects revenue of $95 million to $105 million, versus the $101.53 million estimate.
CHPT Price Action: According to data from Benzinga Pro, ChargePoint shares are up 2.6% at 68 cents during after-hours trading on Tuesday.
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Image: Courtesy of ChargePoint Holdings, Inc.
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