ChargePoint Stock Slides After Q2 Results: Here's Why
1. CHPT reported losses of $1.42 per share, missing estimates. 2. Quarterly revenue was $98.59 million, exceeding expectations of $96.64 million. 3. Networked charging systems revenue fell 21% year-over-year to $50.4 million. 4. Subscription revenue increased 10% to $39.9 million compared to last year. 5. CHPT anticipates third-quarter revenue of $90-$100 million, short of analyst estimates.