Monty Rakusen When I last wrote about the EV charging solutions provider Blink Charging (NASDAQ:BLNK) in May, I had anticipated an upgrade in the company's revenue projections for 2024. I couldn't have been more wrong. The company's numbers took a nosedive in the second quarter (Q2 2024) earlier this month, prompting a downgrade in the outlook for the year. Here, however, I explore whether there are any redeeming factors for the company for the remainder of the year and beyond based on the following: The de ...

Making chargers hasn't been a profitable business and the slowdown in EVs won't help. The electric vehicle market's growth has slowed in 2024, making the total addressable market for EV chargers smaller than once thought. Blink Charging (BLNK 13.61%) was losing money when the market was growing faster, a problem that won't change, as Travis Hoium explains. *Stock prices used were end-of-day prices of Aug. 12, 2024. The video was published on Aug. 12, 2024. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Nevada 03-0608147 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 5081 Howerton Way, Suite A Bowie, Maryland 20715 (Address of principal executive offices) (Zip Code) Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock BLNK The NASDAQ Stock Market LLC FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...

Earnings left a lot to be desired. The slowdown in electric vehicle (EV) demand around the world hasn't been isolated to electric vehicle manufacturers. Suppliers across the industry are also seeing demand slow and that's exacerbating losses. This week was one of the worst EV suppliers have seen. According to data provided by S&P Global Market Intelligence, shares of Blink Charging (BLNK -3.99%) have fallen as much as 25.8% this week, Luminar (LAZR 0.57%) dropped 34%, and Solid Power (SLDP -1.09%) was down ...

3alexd Introduction As one of the top charging station networks in terms of station size in operation, Blink Charging Co. (NASDAQ:BLNK) consistently develops charging products to accelerate the growth of EV usage. Blink currently owns 90,000 chargers globally, which is a significant player with strong growth potential given the rising carbon-free narrative and EV manufacturers. Most importantly, the CEO, Brendan Jones, in the Q2 2024 announcement, affirms that the management is committed to positioning Blin ...

Blink Charging Co. (NASDAQ:BLNK) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Vitalie Stelea - Vice President of Investor Relations Brendan Jones - President & Chief Executive Officer Michael Battaglia - Chief Operating Officer Michael Rama - Chief Financial Officer Conference Call Participants William Grippin - UBS Stephen Gengaro - Stifel Sameer Joshi - H.C. Wainwright Noel Parks - Tuohy Brothers Operator Good afternoon everyone and welcome to the Blink Charging Company ...

Blink Charging (BLNK) reported $33.26 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 1.3%. EPS of -$0.18 for the same period compares to -$0.44 a year ago. The reported revenue represents a surprise of -15.37% over the Zacks Consensus Estimate of $39.3 million. With the consensus EPS estimate being -$0.14, the EPS surprise was -28.57%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wal ...

Blink Charging (BLNK) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $0.44 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -28.57%. A quarter ago, it was expected that this company would post a loss of $0.23 per share when it actually produced a loss of $0.13, delivering a surprise of 43.48%. Over the last four quarters, the company has surpass ...

Exhibit 99.1 1 BLINK CHARGING ANNOUNCES SECOND QUARTER 2024 RESULTS ● Second quarter 2024 total revenues of $33.3 million, an increase over total revenues of $32.8 million in second quarter of 2023; 30% increase in year-to-date 2024 total revenues to $70.8 million ● Second quarter 2024 product revenues of $23.6 million compared to $24.6 million in second quarter of 2023; 25% increase in year-to-date 2024 product revenues to $51.1 million ● 15% increase in service revenues to $8.0 million in second quarter o ...

Second quarter 2024 total revenues of $33.3 million, an increase over total revenues of $32.8 million in second quarter of 2023; 30% increase in year-to-date 2024 total revenues to $70.8 million Second quarter 2024 product revenues of $23.6 million compared to $24.6 million in second quarter of 2023; 25% increase in year-to-date 2024 product revenues to $51.1 million 15% increase in service revenues to $8.0 million in second quarter of 2024 compared to $7.0 million in second quarter 2023; 38% increase in ye ...