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Jun 30, 2024
Blink Charging Q2 2024 Earnings Report
Blink Charging's Q2 2024 financial performance reflected revenue increase, reduced operating expenses, and strategic positioning in the EV charging market.
Key Takeaways
Blink Charging Co. reported a revenue increase for Q2 2024, alongside a significant reduction in operating expenses. The company is adjusting its full-year revenue target to $145 million - $155 million and aims to achieve positive adjusted EBITDA in 2025.
Total revenues reached $33.3 million, slightly up from $32.8 million in Q2 2023.
Product revenues totaled $23.6 million, compared to $24.6 million in Q2 2023.
Operating expenses decreased by 41% compared to Q2 2023, driven by reductions in compensation and G&A expenses.
Net loss was $(20.1) million, or $(0.20) per share, compared to a net loss of $(41.5) million, or $(0.67) per share in Q2 2023.
Revenue by Segment
Forward Guidance
Blink is adjusting its full year 2024 revenue target to between $145 million and $155 million. The Company is also updating its timeline to achieve positive adjusted EBITDA during 2025. The Company targets gross margin for full year 2024 of approximately 33%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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