CHPT reports record Q2 revenue and gross-margin expansion, near-zero cash burn
CHPT says Q2 revenue and gross margins reached record highs, supported by strong hardware shipments and operational efficiencies. The company reported cash burn essentially zero, citing inventory reductions, and reiterated guidance for margin strength and revenue growth.
Q2 revenue and gross margins hit record highs, driven by strong hardware shipments, operational efficiencies, and early demand for new DC charging products.
Cash burn was essentially zero, with inventory reductions supporting liquidity.
Guidance calls for continued margin strength and revenue growt…