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Blink Charging Co (BLNK)
NASDAQ:BLNK
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.14Last 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:Mar 13, 2025
|% Change Since: 4.44%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant progress in service revenue growth, cost reduction, and expansion of Blink-owned chargers. However, the decrease in total revenues and increased loss per share indicate ongoing challenges in achieving profitability. The company is taking strategic actions to improve its financial position and capitalize on market opportunities.Company Guidance
During the Blink Charging Co.'s fourth quarter 2024 earnings call, the company presented several financial and strategic metrics highlighting its performance and future direction. The consolidated revenue for Q4 2024 reached $30 million, marking a 20% sequential increase from Q3 2024, while service revenues grew by 24% year-over-year to $9.8 million. Network fees increased 9% year-over-year to $2.4 million, and the total energy dispersed across their networks reached 42.5 gigawatt hours, a 100% increase from the previous year. For the full year, Blink Charging Co. reported total revenues of $126 million with a gross margin of 32%. The company also achieved a 51% reduction in cash burn, bringing quarterly operating cash burn down from $18 million at the end of 2023 to $9 million by the end of 2024. Additionally, Blink Charging Co. aimed to continue this trajectory into 2025, focusing on increasing service revenues, optimizing operations, and pursuing strategic growth in the owner-operator model for its charging networks.Record Service Revenue Growth
Blink Charging Co. achieved record full-year service revenues of $35 million, a 32% increase year over year, driven by increased utilization and a greater number of Blink-owned chargers.
Significant Reduction in Cash Burn
Operating expenses were reduced by 24% in 2024, and cash burn was cut by 51%, from $18 million per quarter at the end of 2023 to $9 million per quarter at the end of 2024.
Expansion of Blink-Owned Chargers
Blink Charging Co. increased its number of company-owned chargers by 33% year over year, ending 2024 with 6,867 chargers. This expansion significantly contributed to the revenue increase.
Strong Performance in Europe
Blink Charging Co. maintained a strong presence in Europe with notable EV sales growth in the UK and Belgium, contributing to revenue and profitability diversification.
Gross Margin Improvement
The full-year gross margin improved to 32%, and could have been 35% excluding asset adjustment impacts. This reflects efficient cost management and improved operational efficiency.
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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 |
|---|---|---|---|
| Mar 13, 2025 | $0.90 | $0.95 | +5.56% |
| 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% |
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 May 08, 2025, TBA Not Confirmed.
What is Blink Charging Co (BLNK) earnings time?
Blink Charging Co (BLNK) earnings time is at May 08, 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 2025 (Q1) is -0.14.
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