Where Will ChargePoint Be in 10 Years? [Yahoo! Finance]
ChargePoint Holdings, Inc. (CHPT)
Company Research
Source: Yahoo! Finance
The $750 million market cap and 2023 revenue of $506.6 million puts the price-to-sales multiple at just 1.5 times, the lowest level since the company came public. The challenge over the next decade is making money. ChargePoint hasn't been able to do that, and 2024 will be a critical year for the company. The razor/razor blade model falls flat ChargePoint's strategy has long been to grow its installed base of chargers and make high-margin subscription revenue that grows as electric vehicle (EV) adoption increases. But that strategy has turned out to be flawed. The sale of EV chargers, or Networked Charging Systems, is ChargePoint's primary source of revenue -- and that's a problem because it's a money-losing endeavor so far. In 2023, the company generated $360.8 million in revenue from chargers and spent $386.1 million to build them. On top of the losses, revenue was down 1%, so this hasn't been a great business. Subscription revenue was up 41.2% to $120.4 million, and the gr
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CHPT
News
- ChargePoint Holdings, Inc. (CHPT) Rises Yet Lags Behind Market: Some Facts Worth Knowing [Yahoo! Finance]Yahoo! Finance
- Down 97%, Is ChargePoint Stock a Buy? [Yahoo! Finance]Yahoo! Finance
- How do you get reimbursed for recharging the company electric car at home? [Verge, The]Verge, The
- ChargePoint Releases an Enhanced Integrated Charging Experience for Fleets En-Route and At Home [Yahoo! Finance]Yahoo! Finance
- ChargePoint Releases an Enhanced Integrated Charging Experience for Fleets En-Route and At HomeBusiness Wire
CHPT
Earnings
- 3/5/24 - Miss
CHPT
Sec Filings
- 4/1/24 - Form S-8
- 4/1/24 - Form 10-K
- 3/29/24 - Form 4
- CHPT's page on the SEC website