![]() On the 3rd of September, ChargePoint release its second quarter 2021 earnings. Les's see how the company stands according to the latest report. None of this is actually bad, it may well be worth the wait, but investors should be aware that they are buying into a company whose market cap, values the present value of cash flows above US$6.6b! Additionally, we looked at the projections, and it is hard to see this company becoming profitable in the next 3 years. Always keep in mind the end-game when looking at a business, it is their ability to generate cash flows to investors (and lenders), not revenues, not even net income (statutory profits).įrom the get-go we have a large red flag, as the company is operating since 2007 and has incurred net operating losses and negative cash flows from operations every year since its inception. We will take a quick overview of the current performance of the company, and a deeper dive into the capacity of ChargePoint to finance growth projects, which should yield cash flows for investors. ViriCiti is a Netherlands-based provider of electrification solutions for eBus and commercial fleets. (“ViriCiti”) for approximately Euro 75.0 million in cash, subject to adjustments. has.to.be is an Austria-based e-mobility provider with a European charging software platform. ![]()
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