Summary by Moomoo AI
ChargePoint reported Q1 fiscal 2025 revenue of $107 million, down 18% YoY, with networked charging systems revenue declining 34% to $65.4 million. However, subscription revenue grew 27% to $33.4 million. The company maintained a GAAP gross margin of 22% and reduced its GAAP net loss by 10% to $71.8 million.Operating expenses decreased 18% YoY to $90.7 million, while non-GAAP Adjusted EBITDA loss improved by 25% to $36.5 million. The company ended the quarter with $292.3 million in cash and maintains an undrawn $150 million credit facility. ChargePoint's network now enables access to over one million charging ports worldwide.Looking ahead, ChargePoint projects Q2 fiscal 2025 revenue between $108-118 million and reaffirms its goal to achieve positive non-GAAP Adjusted EBITDA by Q4 fiscal 2025. The company has secured over 120 National Electric Vehicle Infrastructure Program awards totaling approximately $71 million in grant opportunities.
