ChargePoint Fiscal Q2 Revenue Up 18% to $116.1M, Net Loss Narrows
ChargePoint reported fiscal second-quarter revenue of $116.1 million, up 18% from $98.6 million a year earlier, with GAAP net loss narrowing to $35.6 million from $66.2 million. GAAP gross margin was 36%, and the company forecast third-quarter revenue of $105 million to $115 million. Shares outstanding were about 27 million. Insiders traded CHPT 10 times in the prior six months, with 9 sales and 1 purchase.