Reported 2 months ago
ChargePoint, a charging infrastructure company, faces challenges including an 18% decline in revenue and increased share dilution. In response, it is shifting its focus from growth to profitability, particularly emphasizing software development with partnerships aimed at enhancing product offerings. The company anticipates improved financial results, potentially leading to positive adjusted EBITDA by Q4 of fiscal 2025, presenting a risk-worthy investment opportunity in the expanding EV market.
Source: YAHOO