Despite the impact of global supply chain issues, ChargePoint (CHPT) managed to beat top-line expectations in FQ1. The EV charging station leader’s revenue more than doubled to reach $81.63 million, coming in ahead of the Street’s $76.05 million forecast. Networked charging systems revenue rose by 122% from the same period last year to $59.6 million and subscription revenue increased by 63% to clock in at $17.6 million. With a 67% sequential increase, the company also attained record quarterly growth in Europe, where ChargePoint now has roughly 57,000 activated ports under management (as of the end of April), out of a total of 188,000+. However, marring the print, EPS of -$0.
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ChargePoint (NYSE:CHPT)
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