ChargePoint Q4 2023 Earnings Report
Key Takeaways
ChargePoint reported its Q4 fiscal year 2023 financial results, achieving $153 million in revenue, a 93% increase year-over-year. The company's annualized subscription revenue crossed $100 million, and both GAAP and Non-GAAP gross margins improved sequentially. However, revenue was below the guidance range due to supply challenges for DC solutions and quarter-end shipment issues.
Q4 revenue reached $153 million, representing 93% year-over-year growth.
Full fiscal year revenue was $468 million, a 94% increase year-over-year.
Annualized subscription revenue exceeded $100 million.
GAAP and Non-GAAP gross margins improved sequentially by 4 and 3 percentage points, respectively.
ChargePoint
ChargePoint
ChargePoint Revenue by Segment
Forward Guidance
For the first fiscal quarter ending April 30, 2023, ChargePoint expects revenue of $122 million to $132 million, representing an anticipated increase of 56% compared to the prior year's same quarter at the midpoint.
Revenue & Expenses
Visualization of income flow from segment revenue to net income