Blink Charging (BLNK) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Blink Charging reported a revenue of $30.18 million for the quarter ended December 2024, which is a decrease of 29.3% compared to the same period last year [1] - The company's EPS was -$0.15, an improvement from -$0.28 in the year-ago quarter, indicating a positive trend in earnings despite the revenue decline [1] - The reported revenue fell short of the Zacks Consensus Estimate of $32.41 million by 6.87%, while the EPS exceeded the consensus estimate of -$0.18 by 16.67% [1] Revenue Breakdown - Product sales revenue was $17.17 million, significantly below the three-analyst average estimate of $21.57 million, reflecting a year-over-year decline of 48.6% [4] - Charging service revenue from company-owned charging stations reached $6.23 million, surpassing the average estimate of $5.14 million, and showed a year-over-year increase of 37.3% [4] - Grant and rebate revenue was $0.09 million, below the average estimate of $0.17 million, marking a year-over-year decrease of 53% [4] - Network fees generated $2.41 million, slightly below the average estimate of $2.52 million, with a year-over-year increase of 9% [4] - Car-sharing services revenue was $1.20 million, compared to the average estimate of $1.34 million, reflecting a modest year-over-year increase of 0.8% [4] - Other revenues amounted to $0.36 million, exceeding the average estimate of $0.19 million, with a substantial year-over-year increase of 220.5% [4] - Warranty revenue was reported at $2.73 million, significantly above the average estimate of $0.82 million, indicating a year-over-year increase of 149.2% [4] Stock Performance - Over the past month, shares of Blink Charging have returned -8.7%, compared to a -7.4% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]