Blink Charging Third Quarter 2024 Earnings: Misses Expectations

Blink Charging 0.00%

Blink Charging

BLNK

1.58

0.00%

Blink Charging (NASDAQ:BLNK) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$25.2m (down 42% from 3Q 2023).
  • Net loss: US$87.4m (loss narrowed by 23% from 3Q 2023).
  • US$0.86 loss per share (improved from US$1.74 loss in 3Q 2023).
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NasdaqCM:BLNK Earnings and Revenue Growth November 9th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Blink Charging Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 28%. Earnings per share (EPS) also missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Electrical industry in the US.

The company's shares are down 18% from a week ago.

Risk Analysis

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