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ChargePoint Reports Mixed Q2 Results, Maintains Full-Year Guidance

By Yasin Ebrahim 

Investing.com --  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 Investing.com 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

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.