Welcome to our dedicated page for Chargepoint Holdings news (Ticker: CHPT), a resource for investors and traders seeking the latest updates and insights on Chargepoint Holdings stock.
ChargePoint Holdings, Inc. develops and markets electric vehicle charging solutions that combine networked charging hardware, cloud-based services and driver tools. News about CHPT commonly covers DC fast-charging products such as Express Solo, software and support offerings including Premier Care and the ChargePoint Support Portal, and deployments for charging providers, public agencies and commercial customers.
Company updates also track quarterly and annual financial results, subscription revenue trends, partnerships in North America and Europe, network usage data, and leadership changes tied to product management, software development and corporate operations.
ChargePoint Holdings, Inc. (CHPT) released its fourth quarter and full-year fiscal 2021 results, showing a fourth quarter revenue of $42.4 million, slightly down from $43.2 million year-over-year, while total fiscal year revenue rose to $146.5 million from $144.5 million. The GAAP net loss for Q4 was $90.7 million, significantly higher than $33.8 million in the previous year. The company anticipates fiscal 2022 revenue between $195 million and $205 million, marking a 37% growth at the midpoint. Cash on hand was $145 million, increasing to $615 million post-business combination.
ChargePoint Holdings (NYSE:CHPT) will announce its financial results for the fourth quarter and full fiscal year ended January 31, 2021, on March 11, 2021, after market close. A conference call is scheduled for 1:30 PM PT (4:30 PM ET) to discuss these results, accessible via a live webcast on their investor relations website. ChargePoint, a leader in the electric vehicle charging network, boasts over 88 million charging sessions delivered and hundreds of thousands of charging locations across North America and Europe.
ChargePoint Holdings, a leading EV charging network, has announced its virtual debut on the New York Stock Exchange (NYSE) as a publicly traded company following its merger with Switchback Energy Acquisition Corporation. This business combination closed on February 26, 2021. ChargePoint's share symbol is CHPT, with warrants trading under CHPT.WS. The company concluded the transaction with approximately $615 million in cash, aimed at supporting its growth and operations in North America and Europe, leveraging a decade of tested business models and favorable market conditions.
ChargePoint, Inc. has completed its business combination with Switchback Energy Acquisition Corporation, approved by Switchback stockholders on February 25, 2021. The combined company will be renamed ChargePoint Holdings, Inc., with common stock and warrants trading under the ticker symbols CHPT and CHPT.WS starting March 1, 2021. ChargePoint operates one of the largest electric vehicle charging networks, supporting numerous charging scenarios across North America and Europe with over 88 million charging sessions delivered.