Reported results
- Total revenue was $116.1 million, up 18% from $98.6 million in the prior year quarter
- Networked charging systems revenue was $62.9 million, up 25% from $50.4 million year-over-year
- Subscription revenue was $43.7 million, up 10% from $39.9 million year-over-year
- GAAP gross margin was 36% compared to 31% in the prior year quarter; non-GAAP gross margin was 38% compared to 33%
- GAAP net loss was $35.6 million, down 46% from $66.2 million year-over-year; non-GAAP net loss was $9.2 million, down 72% from $33.0 million
- Non-GAAP adjusted EBITDA loss was $4.8 million, down 78% from $22.1 million year-over-year
Guidance
- Q3 FY2027 revenue expected between $105 million and $115 million
Notes
Current period GAAP and non-GAAP gross margins include a 4 percentage point benefit from tariffs refunds. Cash, cash equivalents and restricted cash as of July 31, 2026 was $95.7 million. Approximately 27 million shares outstanding as of July 31, 2026.
Price and volatility reaction
Source
The figures above come from the earnings release the company filed with the SEC on 2026-09-02 (8-K, Item 2.02). Read the original filing on sec.gov.
