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.
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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.