ChargePoint Holdings Inc (NYSE:CHPT) shares are losing ground Thursday after the company reported soft second-quarter financial results. Here’s a rundown of the report.
Q2 Revenue: $109 million, versus estimates of $113.6 million
Q2 EPS: Loss of 16 cents, in line with estimates
ChargePoint’s top-line results came in light as total revenue decreased 28% on a year-over-year basis and Network charging systems revenue fell 44% year-over-year to $64.1 million. Subscription revenue increased 21% to $36.2 million in the quarter.
ChargePoint also announced a reorganization ...
