ChargePoint Reports Mixed Q2 Results, Maintains Full-Year Guidance

This post was originally published on this site —  ChargePoint reported Tuesday mixed second-quarter results as losses were wider than expected as higher revenue was offset by a jump in costs.  

ChargePoint Holdings (NYSE:CHPT) was up more than 4% in aftermarket hours following the report.

The electric vehicle charging company reported a loss of 28 cents on revenue of $108.3 million. Analysts polled by anticipated a loss of 22 cents a share on revenue of $103.0 million.

Total operating expenses jumped to $108.5 million from $85.1 million. 

Looking ahead, the company forecast third-quarter revenue in a range of $125 million to $135 million, in line with estimates of $130.28 million. 

For the full-year 2022, the outlook on revenue was maintained in a range of $450 million to $500 million