ChargePoint
ChargePoint stock falls 13% on wider quarterly loss, missed revenue
ChargePoint stock falls 13% on wider quarterly loss, missed revenue
Claudia Assis
Thu, March 2, 2023 at 10:29 PM GMT+1
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ChargePoint Q4 revenue USD 125.8 million
Shares of ChargePoint Holdings Inc. (CHPT) dropped more than 13% in the extended session Thursday after the EV charging company reported a wider-than-expected quarterly loss and sales also disappointed. ChargePoint lost $78 million, or 23 cents a share, in the fiscal 2023 fourth quarter, compared with a loss of $60.1 million, also 23 cents a share, in the year-ago quarter. ChargePoint missed its own quarterly guidance range as “supply challenges” persisted, Chief Executive Pasquale Romano said in a statement.