ChargePoint, an EV charging infrastructure provider, shifts focus from growth to profitability.
ChargePoint, an EV charging infrastructure provider, shifts focus from growth to profitability. Despite Q1 FY25 revenue decline, it aims for profit margins and recurring revenue through software-driven strategy, partnering with AcBel and LG Electronics. Management expects positive adjusted EBITDA in Q4 FY25. The pivot offers a cheaper entry point for investors willing to accept risk in the growing EV market.
August 04, 2024
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