CHPT reports record Q2 revenue and gross margin, near-zero cash burn
CHPT says Q2 revenue and gross margins reached record highs on strong hardware shipments and operational efficiencies. Cash burn was essentially zero, supported by inventory reductions, and it guides for margin strength and revenue growth in Q3.
Q2 revenue and gross margins reached record highs, driven by strong hardware shipments, operational efficiencies, and early demand for new products.
Cash burn was essentially zero, with inventory reductions supporting liquidity.
Guidance calls for continued margin strength and revenue growth in Q3…