ChargePoint reported first quarter fiscal year 2025 results with revenue of $107 million. The company achieved sequential gross margin improvements, a meaningful reduction in operating expenses, and an improvement in non-GAAP adjusted EBITDA loss. They are guiding to second quarter fiscal 2025 revenue of $108 to $118 million.
First quarter fiscal 2025 revenue was $107 million.
GAAP gross margin was 22% and non-GAAP gross margin was 24%.
Subscription revenue was $33 million, representing 27% year over year growth.
GAAP net loss improved by 10% and non-GAAP Adjusted EBITDA loss improved by 25% year over year.
ChargePoint expects revenue of $108 million to $118 million for the second fiscal quarter ending July 31, 2024. The Company reaffirms its goal to achieve positive non-GAAP Adjusted EBITDA in the fourth quarter of fiscal year 2025 ending January 31, 2025.
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