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ChargePoint reports Q1 EPS (12c), consensus (6c)

Reports Q1 revenue $97.6M, consensus $100.6M. “In Q1 ChargePoint (CHPT) continued to improve key metrics – including subscription margin and overall gross margin – while also announcing partnerships and products that are expected to deliver meaningful growth,” said Rick Wilmer, CEO at ChargePoint. “Our new partnership with Eaton has created the market’s only integrated EV charging and power management solutions, simultaneously giving ChargePoint access to Eaton’s extensive distribution channels in North America and Europe. Our new AC charging architecture introduces multiple new innovations that will drive demand across commercial, residential, and fleet applications.”

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