NYSE$CHPT
Chargepoint Holdings Inc. · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
ChargePoint's first quarter of fiscal year 2023 showed strong revenue growth and strategic investments.
ChargePoint reported a 102% year-over-year increase in revenue, reaching $81.6 million in Q1 2023, driven by growth across all verticals and a 67% sequential quarterly revenue increase in Europe. The company's GAAP net loss was $89.3 million, and it confirmed its full-year revenue guidance of $450 million to $500 million.
- Revenue increased by 102% year-over-year, reaching $81.6 million.
- Networked charging systems revenue increased 122% year-over-year to $59.6 million.
- Subscription revenue increased 63% year-over-year to $17.6 million.
- Cash on the balance sheet totaled $541.0 million.
Headline financials
Revenue & EPS history
ChargePoint · Revenue · Quarterly
$81.6M
Revenue by segment
ChargePoint · $81.6M total across 3 segments · Q1 2023
- Networked Charging Systems$59.6M—73.0%
- Subscriptions$17.6M—21.6%
- Other$4.44M—5.4%
Forward guidance
For the second fiscal quarter ending July 31, 2022, ChargePoint expects revenue of $96 million to $106 million. For the full fiscal year ending January 31, 2023, ChargePoint continues to expect revenue of $450 million to $500 million and Non-GAAP gross margin of 22% to 26%.
Tailwinds
- Revenue of $96 million to $106 million is expected for the second fiscal quarter ending July 31, 2022.
- Anticipated revenue increase of 80% as compared to the prior year’s same quarter.
- Full fiscal year revenue is expected to be $450 million to $500 million.
- Anticipated revenue increase of 96% as compared to the prior year for the full year.
- Non-GAAP gross margin of 22% to 26% is expected for the full fiscal year.
Headwinds
- Global supply constraints are expected to cause significant headwinds.
- Newer, currently lower margin, products performed strongly relative to more mature, higher margin offerings.
- Supply chain disruptions affected both cost and supply availability.
- GAAP net loss was $89.3 million.
- Non-GAAP operating expenses of $350 million to $370 million are expected for the full year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
+0.8%
Avg return
Earnings day
-2.2%
Avg return
5 days after
-6.7%
Avg return
30 days after
52%
13 / 25 earnings
Positive
+21.8%
Q3 2026
Best reaction
-18.2%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | +7.9% | -10.0% | — | |
| Q4 2026 | -9.2% | -16.8% | -26.2% | |
| Q3 2026 | +21.8% | +9.5% | -17.4% | |
| Q2 2026 | -6.7% | -2.6% | +10.8% | |
| Q1 2026 | -4.6% | -3.0% | -39.1% | |
| Q4 2025 | +9.6% | +4.5% | -12.6% | |
| Q3 2025 | +16.4% | +20.7% | +0.0% | |
| Q2 2025 | -18.2% | -24.7% | -16.5% | |
| Q1 2025 | +8.9% | +6.0% | +8.9% | |
| Q4 2024 | -6.8% | -7.2% | -12.1% | |
| Q3 2024 | +13.1% | +17.1% | +12.1% | |
| Q2 2024 | -13.4% | -20.8% | -40.6% | |
| Q1 2024 | -6.2% | -2.1% | -9.1% | |
| Q4 2023 | +0.0% | -7.3% | -5.5% | |
| Q3 2023 | -6.3% | -12.3% | -23.3% | |
| Q2 2023 | +8.2% | -3.6% | -0.7% | |
| Q1 2023 | -7.4% | +8.3% | +1.8% | |
| Q4 2022 | +5.0% | +10.1% | +37.9% | |
| Q3 2021 | +1.2% | -2.6% | -16.3% | |
| Q3 2022 | +1.2% | -2.6% | -16.3% | |
| Q2 2021 | +8.6% | +4.1% | -8.7% | |
| Q1 2021 | +3.0% | +8.1% | +17.3% | |
| Q4 2020 | -2.8% | -13.7% | -3.4% | |
| Q4 2021 | -2.8% | -13.7% | -3.4% | |
| Q3 2020 | +0.5% | +0.5% | +0.9% | |
| Q2 2020 | — | — | — | |
| Q1 2019 | — | — | — |
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