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-chargepoin + ChargePoint Reports Second Quarter Fiscal 2022 Financial Results ; Raises Full - Year Revenue Guidance 9/1/2021 • Quarterly revenue increased 61 % year over year • Full - year revenue guidance raised 15 % to $ 225 - $ 235 million • Activated ports exceed 118,000 as of July 31 with over 5,400 in Europe and over 3,700 DC fast charge ports • Announced agreement to acquire European e - mobility technology provider has · to · be , and acquired eBus and commercial vehicle management provider ViriCiti • Introduced global fleet charging portfolio and announced seamless charging integration in - vehicle and in - app with Mercedes - Benz USA CAMPBELL , Calif .-- ( BUSINESS WIRE ) -- ChargePoint Holdings , Inc. ( NYSE : CHPT ) ( " ChargePoint " ) , a leading electric vehicle ( EV ) charging network , today reported results for its second quarter of fiscal 2022 ended July 31 , 2021 . " ChargePoint's strong second quarter results demonstrate our continued growth and leadership in the electric revolution , " said Pasquale Romano , President and CEO of ChargePoint . " We achieved record revenue , significantly grew our commercial , fleet and residential businesses , launched a charging integration with Mercedes , announced our agreement to acquire e - mobility technology provider has to be and acquired eBus and commercial vehicle management provider ViriCiti . " Second Quarter Fiscal 2022 Financial Overview Revenue . For the second quarter , revenue was $ 56.1 million , an increase of 61 % from $ 35.0 million in the prior year's same quarter . Networked charging revenue for the second quarter was $ 40.9 million , an increase of 91 % from $ 21.4 million in the prior year's same quarter . Revenue growth was significant in North America and Europe across the commercial , fleet and residential verticals . Commercial customers of all types are investing in charging for their consumers , employees and visitors and demand for residential products has grown as vehicle arrivals accelerate . Gross Margin . Second quarter GAAP gross margin was 19.2 % , down from 25.8 % in the prior year's same quarter primarily as a result of increased stock - based compensation expense , lower regulatory credits , product mix , and increased supply chain costs , partially offset by product cost improvements . Second quarter 1