Chargepoint Holdings, Inc. · NYSE:CHPT
Chargepoint — Q4 2024 Earnings Presentation
10 slides from Chargepoint's earnings presentation, Mar 5, 2024
Slide 1: Q4 Fiscal 2024 Financial Results
Q4 Fiscal 2024 Financial Results March 5, 2024 You can find information regarding our use of non-GAAP financial measures in our earnings release dated March 5, 2024, found on the Investor Relations section of our website at https://www.chargepoint.com/ © 2024 ChargePoint Holdings, Inc.
Slide 2: Revenue Diversity
Revenue Diversity By Type By Geography $M $M $160 $153 $150 $153 $150 $160 $130 $130 $116 $116 $120 $110 $120 $110 $80 $80 $40 $40 -- -- Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Networked Charging Systems North America Subscriptions Europe Other Note: Unaudited
Slide 3: Non-GAAP Gross Margin
Non-GAAP Gross Margin 30% 25% 23% 22% 20% 10% 3% 0% Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 -10% -18% -20% -30% Note: Unaudited. Fiscal year ending on January 31. 3 © 2024 ChargePoint Holdings, Inc.
Slide 4: Non-GAAP Operating Expenses
Non-GAAP Operating Expenses $100 80% 74% $80 $89 70% $85 65% $81 $81 $75 $60 66% 60% $M 59% $40 50% 53% $20 40% -- 30% Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Non-GAAP Operating Expenses - Non-GAAP Operating Expenses as % of Revenue Note: Unaudited. Fiscal year ending on January 31. 4 © 2024 ChargeP
Slide 5: Appendix
Appendix © 2024 ChargePoint Holdings, Inc. 5
Slide 6: GAAP Income Statement
GAAP Income Statement ($ in thousands; unaudited; preliminary) Three Months Ended Twelve Months Ended January 31, January 31, 2024 2023 2024 2023 Revenue Networked charging systems $ 74,034 $ 122,331 $ 360,822 $ 363,622 Subscriptions 33,510 25,735 120,445 85,296 Other 8,289 4,761 25,372 19,176 Total
Slide 7: GAAP Balance Sheet
GAAP Balance Sheet ($ in thousands; unaudited; preliminary) January 31, January 31, 2024 2023 Assets Current assets: Cash and cash equivalents $ 327,410 $ 264,162 Restricted cash 30,400 30,400 Short-term investments — 104,966 Accounts receivable, net 124,049 164,892 Inventories 198,580 68,730 Prepai
Slide 8: GAAP Statement of Cash Flows
GAAP Statement of Cash Flows ($ in thousands; unaudited; preliminary) Twelve Months Ended January 31, 2024 2023 Cash flows from operating activities Net loss $ (457,609) $ (345,108) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 28,486 25,05
Slide 9: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation ($ in thousands; unaudited; preliminary) Three Three Twelve Twelve Months Ended Months Ended Months Ended Months Ended January 31, 2024 January 31, 2023 January 31, 2024 January 31, 2023 Reconciliation of GAAP Net Loss to Non-GAAP Net Loss and Non-GAAP Adjusted EBITDA
Slide 10: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation ($ in thousands; unaudited; preliminary) Three Months Ended Three Months Ended Three Months Ended Three Months Ended Three Months Ended January 31, 2024 October 31, 2023 July 31, 2023 April 30, 2023 January 31, 2023 Reconciliation of GAAP gross profit (margin) to non-