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. (CHPT) drives innovation in electric vehicle charging infrastructure through its networked solutions and cloud-based services. This page serves as a centralized repository for official company announcements, providing stakeholders with direct access to verified updates about operational developments.
Investors and industry professionals will find timely press releases covering earnings reports, product launches, strategic partnerships, and technology advancements. Each update is curated to highlight CHPT's role in advancing sustainable transportation while maintaining compliance with financial disclosure standards.
The collection emphasizes critical business activities including charging network expansions, software platform enhancements, and industry collaborations. Users can track the company's progress in addressing EV adoption challenges through infrastructure innovation and smart energy management solutions.
Bookmark this page for streamlined access to CHPT's evolving position in the electric mobility sector. Return regularly to monitor how the company's technology developments align with broader shifts toward renewable transportation infrastructure.
ALD Automotive has partnered with ChargePoint Holdings (NYSE: CHPT) to launch a new electric vehicle (EV) charging business in Europe. This initiative aims to enhance corporate fleet electrification by offering a unique electric Mobility Service Provider (eMSP) that simplifies charging access for corporate clients. Powered by ChargePoint's technology, the service will feature a network of over 485,000 charging ports and provide consolidated reporting for fleet managers. Headquartered in Paris, the eMSP is set to launch in Q4 2023, starting in France and the Netherlands, with plans to expand to eight European countries by 2025.
ChargePoint Holdings reported Q4 2023 revenue of $153 million, a 93% increase year-over-year, while full fiscal year revenue reached $468 million, up 94%. The annualized subscription revenue surpassed $100 million. GAAP gross margin improved to 22% in Q4, with a non-GAAP gross margin of 23%. However, Q4 GAAP net loss widened to $78 million from $60 million in the prior year, driven by increased stock-based compensation. ChargePoint expects Q1 2024 revenue guidance between $122-$132 million, indicating a 56% anticipated growth compared to the same quarter last year.
Fisker Inc. (NYSE: FSR) has partnered with ChargePoint (NYSE: CHPT) to enhance public charging solutions for Fisker electric vehicle (EV) owners in North America. This collaboration provides access to over 210,000 activated charging ports managed by ChargePoint, including over 16,700 DC fast charge ports. Fisker drivers will benefit from easy access to local chargers and a streamlined payment system. The partnership aims to ensure that Fisker Ocean owners enjoy convenient and efficient charging experiences upon delivery. This strategic alliance aligns with Fisker's commitment to sustainable mobility and innovation in the electric vehicle sector.
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