ChargePoint falls on downbeat Q3 revenue forecast

ChargePoint Holdings

04/09/2024 22:57

** Shares of electric-vehicle charger maker ChargePoint
Holdings  CHPT.N  fall 9.5% to $1.53 in extended trading
    ** ChargePoint forecasts Q3 revenue of $85 mln to $95 mln,
below LSEG ests. of $136.8 mln
    ** Company says it is "concentrating on returning to growth
and streamlining operations to continue on its path to positive
non-GAAP adjusted EBITDA, which is now targeted during fiscal
year 2026"
    ** Posts Q2 revenue of $108.5 mln, down 28%, missing ests.
of $113.6 mln
    ** CHPT has fallen ~28% YTD

 (Reporting by Juby Babu in Mexico City)
 ((Juby.Babu@thomsonreuters.com;))