Overview
- ChargePoint reported first-quarter fiscal 2027 revenue of about $101.8 million, marking the third straight quarter of year‑over‑year growth and beating guidance.
- The company narrowed losses with a GAAP net loss of $43.2 million and a non‑GAAP net loss of $18.3 million, both improved versus the prior year.
- Cash and cash equivalents declined to roughly $95.8 million, and the company gave second‑quarter revenue guidance of $100 million to $110 million.
- ChargePoint launched the Express Solo, a standalone DC fast charger capable of up to 600 kW to a single port, and said it will roll out multiple Express derivatives over the next 18 months while announcing new partnerships and a chief marketing and growth hire.
- Management is drawing down inventory (from about $215 million to $204 million), cutting operating expenses and adding AI to its software to boost margins and free working capital while warning of supply‑chain and competitive risks.