CHPT - ChargePoint Faced 'Challenging Macroeconomic Conditions And Execution Challenges' In Q3: What You Need To Know | Benzinga
ChargePoint Holdings Inc (NYSE: CHPT) reported third-quarter financial results after the close on Wednesday. Here's a rundown of the report.
Q3 Earnings: ChargePoint said third-quarter revenue decreased 12% year-over-year to $110.3 million, which missed the consensus estimate of $122.408 million, according to Benzinga Pro. The company reported a quarterly loss of 43 cents per share versus a loss of 25 cents per share in the prior year's quarter.
Networked charging systems revenue for the third quarter was $73.9 million, down 24%. Subscription revenue was $30.6 million, up 41%. Gross margin in ...