ChargePoint Holdings Reports Net Loss of $125.3 Million in Q2 2023
Company Records $150.5 Million in Revenue Amidst Challenging Operating Environment
ChargePoint Holdings, Inc.,(CHPT) a leading electric vehicle (EV) charging network provider, released its preliminary condensed consolidated financial statements for the second quarter (Q2) of 2023, revealing a net loss of $125.3 million. Despite this loss, the company generated $150.5 million in revenue during the same period, demonstrating resilience in a challenging operating environment.
Strong Revenue Growth
In Q2 2023, ChargePoint reported total revenue of $150.5 million, a significant increase compared to $108.3 million in the same period last year. This impressive revenue growth was driven by robust contributions from various segments of the business:
- Networked Charging Systems: The networked charging systems segment generated $114.6 million in revenue in Q2 2023, compared to $84.1 million in Q2 2022.
