Loading...
•
Apr 30, 2023
ChargePoint Q1 2024 Earnings Report
ChargePoint's Q1 2024 earnings showcased strong revenue growth and improved gross margins.
Key Takeaways
ChargePoint reported a 59% year-over-year increase in revenue, reaching $130 million in Q1 2024. The company's gross margin also improved to 23% GAAP and 25% Non-GAAP. ChargePoint anticipates revenue between $148 million and $158 million for the second fiscal quarter.
Revenue increased by 59% year-over-year, reaching $130 million.
GAAP gross margin improved to 23%, up from 15% in the prior year.
Non-GAAP gross margin increased to 25%, up from 17% in the prior year.
Networked charging systems revenue grew by 65% year-over-year, totaling $98.3 million.
ChargePoint
ChargePoint
ChargePoint Revenue by Segment
Revenue by Segment
Networked Charging Systems Revenue
CapyFin.comSubscriptions Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
ChargePoint anticipates revenue between $148 million and $158 million for the second fiscal quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income