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 9.5% growth forecast for the Electrical industry in the US.
The company's shares are down 2.9% from a week ago.
Before you take the next step you should know about the 2 warning signs for ChargePoint Holdings that we have uncovered.
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