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Business
Mangeet Kaur Bouns

Is Now the Time to Go All in on ChargePoint Holdings?

CHPT ChargePoint Holdings Mangeet Kaur BounsMangeet Supply chain ChargePoint Holdings Inc Environment

Electric Vehicle (EV) charging technology solutions provider ChargePoint Holdings, Inc. (CHPT) reported disappointing results for its third quarter of fiscal 2023 ended October 31, 2022. The company’s gross margin was 18%, down from 25% in the prior-year quarter, primarily due to supply chain disruptions and increased new product introduction and transition costs.

During the quarter, CHPT’s net loss worsened by 21.7% from the year-ago value to $84.48 million, while its net loss per share widened by 19.5% year-over-year to $0.25.

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