ChargePoint to Trim Workforce to Drive Operational Efficiency
CHPTChargePoint(CHPT) ZACKS·2024-09-05 23:20

ChargePoint Holdings, Inc. (CHPT) , a provider of electric vehicle charging networks, plans to slash its headcount by 15% amid declining revenues. In the second quarter of fiscal 2025, the company’s revenues fell 28% to 108.5millionfrom108.5 million from 150.5 million in the corresponding quarter of fiscal 2024. Networked charging systems revenues dropped 44% year over year to 64.1million,whilesubscriptionrevenuesgrew2164.1 million, while subscription revenues grew 21% year over year to 36.2 million. In the second quarter of fiscal 2025, GAAP and non-GAAP gross ...