ChargePoint Holdings Inc (CHPT)

[hyborianwar]

AH action baby

[BottomBounce]

$CHPT vs $MULN battery https://www.mullenusa.com/battery

[GoSing]

This stock will go BOOM

[$Green$]

BOOM

[uksausage]

Pretty decent financial report like many others seeing margin pressure on supply chain issues. good to see the charging revenues increasing nicely

ChargePoint Holdings, Inc. (NYSE:CHPT) (“ChargePoint”), a leading electric vehicle (EV) charging network, today reported results for its first quarter of fiscal 2023 ended April 30, 2022.

“Positive first quarter results, despite expected significant headwinds due to global supply constraints, are a testament to the strength of our business,” said Pasquale Romano, president and CEO of ChargePoint. “Our investments in a comprehensive portfolio for all verticals we serve continue to set us apart when customers seek a charging solution.”

First Quarter Fiscal 2023 Financial Overview

Revenue. For the first quarter, revenue was $81.6 million, an increase of 102% from $40.5 million in the prior year’s same quarter. Networked charging systems revenue for the first quarter was $59.6 million, an increase of 122% from $26.8 million in the prior year’s same quarter and subscription revenue was $17.6 million, up 63% from $10.8 million in the prior year’s same quarter.
Gross Margin. First quarter GAAP gross margin was 15%, down from 23% in the prior year's same quarter as newer, currently lower margin, products performed strongly relative to more mature, higher margin offerings, and due to supply chain disruptions, which affected both cost and supply availability. First quarter non-GAAP gross margin, which primarily excludes stock-based compensation expense and amortization from acquired intangible assets, was 17% compared to 23% in the prior year's same quarter due to the same factors.
Net Income/Loss. First quarter GAAP net loss was $89.3 million, which included a $2.9 million amortization expense from acquired intangible assets and $15.5 million in stock-based compensation expense. Non-GAAP pre-tax net loss in the first quarter, which excludes stock-based compensation expense and other items, was $71.7 million as compared to $39.4 million in the prior year's same quarter.
Liquidity. As of April 30, 2022, cash on the balance sheet was $541.0 million.
Shares Outstanding. As of April 30, 2022, there were approximately 337 million shares of common stock outstanding.

[$Green$]

$CHPT Show me the money

[SmokeSignals]

JULY-20calls...duh earnings 2maro

[hyborianwar]

what is the strike price?

[SmokeSignals]

ALERT!!!!(imo)HUGE~opTions position! someone bought 60,000 july 20 calls

[soflodiver]

I don't believe the transition away from fossil fuels can or will be abrupt but it should be as quick as possible. I currently believe Hydrogen will replace fossil fuels in many implementations but, because of the small molecular size, existing piping used to transport gases will be sunsetted. Instead, I believe we will see hydrogen produced locally from sources like biogas resulting from processes where pig manure, cow manure or green waste (parts of plants that are handled as waste) is processed down using anaerobic digestion into usable products like fertilizer and feed and the resulting biogas can and will be separated into usable gases including hydrogen while producing electricity. The hydrogen could then either be contained for use later and/or be used to generate electricity.

[game7alcs]

I don’t doubt that. My point is we need to combine all sources of energy. We shouldn’t be moving from one to another abruptly. There is no reason wind, solar and fossil fuels can’t all be used when where it is the best viable source. The disposal of solar panels, wind turbines, batteries and the enormous use of copper for EVs is going to have its own impact.

[soflodiver]

Clearly you are either not in an area suitable for solar and/or with low cost electricity from sources like hydroelectric. While for many years here in Florida there has been a movement to go off grid using solar, people in the Bahamas down through the Caribbean islands have been completely off grid using solar panels and salt water batteries for many years. People on some islands are predominately using electric vehicles charged from the solar.

[game7alcs]

Nothing is virtually free or very low cost. The day people realize this the better off we will be. This technology needs to be used along with existing sources of energy.

[soflodiver]

I suspect you live in Texas or somewhere in coal country. For us with homes in Florida with solar panels, charging can be virtually free if all driving is local. For us with homes in Washington with solar panels, cost is very low because the majority of the electricity is coming from hydroelectric dams.

[Gpheart2016]

Tesla owners who charge at home are kept up to date on their app with the exact cost of energy delivered to their auto. Mine averages about $25/month. Gasoline at 25 mpg would translate to about $125/month. My power comes mostly from hydroelectric sources. Long term most power will not come from fossil fuels (other than natural gas).

[envirogym]

Charging cars at night at the same time the street lights are on is cheep especially when using solar battery back up as their power source.

[livefree_ordie]

Everyone here understands that all EV Charging stations are loads in America that did not exist prior to this industry taking off and they add loads to existing electrical grid systems which have not changed in many years to handle these new loads. EV Charging Stations are all considered continuous loads those loads that operate at 3 hours or more is continuous, they range from 30Amps, 60Amp, 100Amps and up depending on the charging regulation of slow, medium or fast charge. All are considered continuous as they have to charge up to at least 4 hours to 8 hours of time using power the entire time. So in essence this will create yes less carbon emissions but add them by have to upgrade and increase Electrical Grid capacities to allow for all these new loads to be accounted for. I am sort of wondering for those folks who have EV Chargers at their homes how much has your Electric Bills increased since you started plugging in these continuous loads, I better you cannot even see the meter spinning it is going so fast. Although saving grace is at night less energy is being used or required but now these all charging at nighttime in a garage should have enough power to support it but hot daytime hours not so much load will be maxxed out. Just saying. Most folks think you install a EV Charging Station somehow the power comes out of the ground into it to power it up, NOPE, it has to be connected to a sometimes overloaded Electrical Grid powered by guess what Fossil Fuels, oh well it makes folks feel better and that is the goal say you are saving the planet sounds nice but not happening here folks on the front end. Oh well stupid is as stupid does.

[hyborianwar]

loaded this AM will hodl glta

[Caligula11]

Seems strange this stock is at such low price even with Biden economics

[Bluehotdog]

How does that position look now

[Curt D]

Took a position here this morning at 16.38. Looks like it could continue its stair step upwards trend.

[GoSing]

Yeah like two weeks ago.

[chico2663]

Hell, I remember when it was in 30’s.

[Liam859]

Next stop $20

[jonny_red]

What's happening? Price Level Updates for ChargePoint Holdings - CHPT

#CHPT $CHPT

YouTube Link:

[Squeejo]

Any idea why?

[Liam859]

$15.04 she’s mooning!!!

[Liam859]

$13/share bit too cheap here

[KOGT]

Might hold off on the add. Might throw something on hbar

[KOGT]

wonder if they are moving to gm. Be harder to get .5% of gm

[Squeejo]

3/9/21

[Squeejo]

Go back to 13g filing on 3/5/21

[Squeejo]

Looks like RHO partners reduced their holding of CHPT stock from 25 mill to 4 mill shares if I’m reading the filings correctly.

[KOGT]

May add a little more

[Squeejo]

https://www.investopedia.com/terms/s/schedule13g.asp

[KOGT]

https://ih.advfn.com/stock-market/NYSE/chargepoint-CHPT/stock-news/87276258/amended-statement-of-ownership-sc-13g-a?xref=ff_sidebar_quote

Is this bad news. Why the drop in the past few hours?

[Squeejo]

https://energydigital.com/top10/10-largest-electric-charger-companies-world

[KOGT]

Who is the biggest charging network in the world?

[Squeejo]

https://www.linsecapital.com/companies

[wochsac]

Biden says we need more charging stations

[Bluehotdog]

Check out T is looking pretty good

[Liam859]

Wow! $15??? Way too cheap. Yolo

[BottomBounce]

Others joining the EV heat. https://www.globenewswire.com/news-release/2021/12/16/2353486/0/en/Kaixin-Auto-Holdings-Announces-Intention-Order-for-10-000-Electric-Vehicles.html $CHPT

[da_stock_analyst]

#CHPT?? ChargePoint EV charging stock:Should you by at this price? Extra income possibility explained

[Timetravelerdos]

Motley fool actually being Positive today about CHPT !!!!
ChargePoint Holdings
Another crucial element of the EV growth story is robust charging infrastructure. EV adoption is not possible in the absence of easily accessible chargers. ChargePoint Holdings (NYSE:CHPT) has the largest network of public chargers in the U.S. The company has more than 118,000 ChargePoint ports globally.

ChargePoint earns revenue from hardware sales and subscriptions for its software. Its software-as-a-service model generates recurring revenue with a 100% attach rate to the hardware. The company also generates revenue through warranty services. ChargePoint estimates that over time, the total recurring revenue from a typical charging unit should grow to equal the hardware revenue from that unit.

ChargePoint is not profitable yet, but that may change over time. The business model for EV-charging companies is still evolving, and the companies face significant risks and competition. Still, as a top player with a recurring revenue stream, ChargePoint Holdings seems to have a better chance of succeeding than many of its competitors.

[GoSing]

Infrastructure bill awaits Bidens signature. ChargePoint should explode to the moon tomorrow.

[Glider549]

You nailed it and the Republicans are on board with that part of the infrastructure bill.

[Timetravelerdos]

That is why I bought CHPT back just before the elections. There was no doubt if biden became pres charging stations and EV's were coming fast. 500,000 stations is a huge move. Plus school buses to ev and govt trucks to ev's. They need charging stations!

[Timetravelerdos]

Biden just said the infrastructure bill will build out 500,000 Charging stations across the USA !

[ortco1]

Yes I should have bought more . I have 3000 so far.