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๐ฃ JUST IN: $CHPT ChargePoint to Cut 15% of Workforce After Missing Revenue Forecasts $TSLA $EVGO $BLNK ๐ ๐๐๐ฒ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ: ๐ ๐๐ก๐๐ซ๐ ๐๐๐จ๐ข๐ง๐ญ plans to cut ๐๐% of its workforce after missing ๐ซ๐๐ฏ๐๐ง๐ฎ๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ๐ฌ. ๐ Layoffs are expected toโฆ https://t.co/aSwCk9b63V https://t.co/a4Fq3N7Gaz
ChargePoint, the operator of the largest electric vehicle charging network in the US, plans to cut 15% of its workforce after missing revenue forecasts https://t.co/Q4nDwHTeD6
$PHR | Post Market: +1% | Phreesia Q2 Earnings Report: Revenue up 19% YoY to $102.1M, Net Loss narrows to $18.0M, Adjusted EBITDA hits $6.5M ๐ ๐ Business Highlights: โก๏ธ Total revenue of $102.1M in Q2, up 19% YoY. โก๏ธ Average number of healthcare service clients (AHSCs) wasโฆ https://t.co/MYUxcjNe5L
ChargePoint, the operator of the largest electric vehicle charging network in the US, has announced plans to cut 15% of its workforce after missing revenue forecasts. The company reported second quarter fiscal 2025 revenue of $109 million, a decrease of 28% year-over-year. ChargePoint's GAAP net loss for the quarter was $68.9 million, down 45% from $125.3 million in the same quarter last year. Non-GAAP pre-tax net loss was $43.0 million, down 50% from $86.1 million in the prior year's same quarter. The company's gross margin stood at 24%. The GAAP EPS was ($0.16) and Non-GAAP EPS was ($0.10). The decision to reduce the workforce comes as part of efforts to streamline operations and improve financial performance.