ChargePoint Holdings (NYSE: CHPT) reported fiscal second-quarter results that exceeded analyst expectations. Shares jumped more than 16% in after-hours trading following the announcement. Revenue reached $116.1 million, representing an 18% increase from the previous year. This figure surpassed the consensus estimate of $105.43 million.
Networked charging systems revenue grew 25%, driving the overall performance. The company reported a loss of $1.35 per share. This result beat the analyst consensus estimate of a $1.60 loss per share.
The adjusted EBITDA loss narrowed to $4.8 million. This marks a significant improvement from the $22.1 million loss reported in the same period last year. ChargePoint projects third-quarter revenue between $105 million and $115 million.