Chargepoint Holdings, Inc. · NYSE:CHPT
Chargepoint — Q1 2024 Earnings Presentation
11 slides from Chargepoint's earnings presentation, Jun 1, 2023
Slide 1: Q1 Fiscal 2024 Financial Results
Q1 Fiscal 2024 Financial Results June 1, 2023 © 2022 ChargePoint Holdings, Inc.
Slide 2: Safe Harbor
Safe Harbor This presentation may contain “forward-looking” statements within the meaning of Section revenue and gross margins; our ability to expand our operations and market share in 27A of the Securities Act and Section 21E of the Exchange Act that are based on our Europe; the need to attract add
Slide 3: Revenue Diversity
Revenue Diversity By Type By Geography $M $M $160 $153 $153 $160 $125 $130 $130 $125 $120 $108 $120 $108 $82 $82 $80 $80 $40 $40 -- -- Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Networked Charging Systems North America Subscriptions Europe Other Note: Unaudited.
Slide 4: Non-GAAP Gross Margin
Non-GAAP Gross Margin 30% 25% 25% 23% 20% 20% 19% 17% 15% 10% Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Note: Unaudited. Fiscal year ending on January 31. 4 © 2023 ChargePoint Holdings, Inc.
Slide 5: Non-GAAP Operating Expenses
Non-GAAP Operating Expenses $100 120% 103% 100% $80 $85 $84 $81 $80 $79 80% $60 74% $M 60% 63% 66% $40 53% 40% $20 20% -- 0% Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Non-GAAP Operating Expenses - Non-GAAP Operating Expenses as % of Revenue Note: Unaudited. Fiscal year ending on January 31. 5 © 2023 C
Slide 6: Appendix
Appendix © 2022 ChargePoint Holdings, Inc. 6
Slide 7: GAAP Income Statement
GAAP Income Statement ($ in thousands; unaudited; preliminary) Three Months Ended April 30, 2023 2022 Revenue Networked charging systems $ 98,320 $ 59,551 Subscriptions 26,365 17,646 Other 5,345 4,436 Total revenue 130,030 81,633 Cost of revenue Networked charging systems 80,922 56,266 Subscriptions
Slide 8: GAAP Balance Sheet
GAAP Balance Sheet ($ in thousands; unaudited; preliminary) April 30, January 31, 2023 2023 Assets Current assets: Cash and cash equivalents $ 283,347 $ 264,162 Restricted cash 30,400 30,400 Short-term investments — 104,966 Accounts receivable, net 165,109 164,892 Inventories 115,229 68,730 Prepaid
Slide 9: GAAP Statement of Cash Flows
GAAP Statement of Cash Flows ($ in thousands; unaudited; preliminary) Three Months Ended April 30, 2023 2022 Cash flows from operating activities Net loss $ (79,388) $ (89,266) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 7,053 6,220 Non-c
Slide 10: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation ($ in thousands; unaudited; preliminary) Three Months Ended Three Months Ended April 30, 2023 April 30, 2022 Reconciliation of GAAP Net Loss to Non-GAAP Net Loss and Non-GAAP Adjusted EBITDA Loss: GAAP net loss $ (79,388) $ (89,266) Stock-based compensation expense 23
Slide 11: 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 April 30, 2023 January 31, 2023 October 31, 2022 July 31, 2022 April 30, 2022 Reconciliation of GAAP gross profit (margin) to non-GA