Blink Charging missed Q4 sales targets, with revenue falling 29.3%

From Barchart: 2025-03-13 16:48:22

In Q4 CY2024, Blink Charging (NASDAQ:BLNK) missed revenue expectations, with sales dropping 29.3% to $30.18 million. Non-GAAP loss per share was $0.15, 6.3% above analysts’ estimates. The company aims for profitability and global expansion, positioning itself as a charging infrastructure leader. Blink Charging offers electric vehicle charging equipment and services, with a focus on renewable energy growth and long-term sales performance. Despite a revenue decline, analysts expect a 24% revenue growth. Operating margin remains a concern, with consistent losses. EPS improved from negative $0.28 to negative $0.15, beating estimates by 6.3%. Stock traded up 2.2% after reporting.

Key Takeaways:
– Revenue fell 29.3% to $30.18 million
– Non-GAAP loss per share was $0.15
– Operating margin at negative 244%
– EPS improved from negative $0.28 to negative $0.15
– Analysts forecast break-even EPS of negative $0.62 in the next 12 months
– Stock traded up 2.2% post-reporting.



Read more at Barchart: Blink Charging (NASDAQ:BLNK) Misses Q4 Sales Targets