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Blink Charging Co (BLNK)
NASDAQ:BLNK
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Earnings Data
Report Date
Apr 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.17Last Year’s EPS
-$0.17Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -25.87%
|Next Earnings Date:Apr 03, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong growth in service revenue, gross margins, and efficiency improvements, particularly in cash burn reduction and DC fast charger performance. However, these positive aspects were offset by significant declines in total revenue and product sales, and non-cash impairment charges impacting financial statements. The sentiment reflects cautious optimism with substantial challenges yet to be addressed.Company Guidance
During the third quarter of 2024, Blink Charging reported total revenue of $25.2 million, with service revenue contributing $8.8 million, equating to 35% of total revenue. The company's gross margin reached 36%, surpassing its full-year target of 33%. Blink deployed 6,978 chargers, marking a 17% year-over-year increase and a 70% sequential rise, largely driven by L2 chargers. Energy dispersion across its networks hit 37 gigawatts, a 126% increase from the previous year. The company significantly reduced its cash burn by $3.6 million, amounting to a 27% decrease compared to the prior year, while maintaining a strong owner-operated portfolio of 6,442 chargers, reflecting a 28% increase. Revenue from DC fast chargers surged by 544% year-over-year. Blink adjusted its full-year revenue guidance to a range of $125 million to $135 million, with a continued goal to achieve a gross margin of 33% and positive adjusted EBITDA in the second half of 2025.Gross Margin Exceeds Target
Gross margin in Q3 was 36%, significantly exceeding the full-year 2024 target guidance of 33%.
Charger Deployment Growth
Deployed 6,978 chargers globally, a 17% increase year-over-year and a 70% increase sequentially.
Energy Dispersion Increase
Dispersed nearly 37 gigawatts of energy, a 126% increase year-over-year.
Cash Burn Reduction
Reduced cash burn by $3.6 million or 27% compared to Q3 of last year, and by $45 million or 50% year-to-date.
DC Fast Chargers Revenue Surge
Revenue from owned and operated DC fast chargers increased by 544% year-over-year.
Collaboration and Strategic Initiatives
Announced strategic alliances with WEX and Create Energy, and received a $2 million grant from the State of Illinois.
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BLNK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BLNK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $2.01 | $1.67 | -16.92% |
| Aug 07, 2024 | $2.52 | $2.13 | -15.48% |
| May 09, 2024 | $2.84 | $2.82 | -0.70% |
| Mar 14, 2024 | $3.43 | $2.92 | -14.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Blink Charging Co (BLNK) report earnings?
Blink Charging Co (BLNK) is schdueled to report earning on Apr 03, 2025, TBA Not Confirmed.
What is Blink Charging Co (BLNK) earnings time?
Blink Charging Co (BLNK) earnings time is at Apr 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BLNK EPS forecast?
BLNK EPS forecast for the fiscal quarter 2024 (Q4) is -$0.17.
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