Blink Charging Stock Sinks After Mixed Q2 Earnings Report

Core Insights - Blink Charging Co. reported a quarterly loss of 26 cents per share, missing the consensus estimate of 18 cents [1] - Quarterly revenue reached $28.66 million, exceeding the Street estimate of $22.11 million [1] Financial Performance - The company achieved consolidated revenues of $28.7 million, reflecting a sequential growth of 38% compared to the first quarter of 2025 [2] - Product sales increased by 73% sequentially, while service revenues saw an 11% sequential increase [2] - Service revenues grew 46% year-over-year to $11.8 million [5] - The company incurred approximately $16.5 million in largely one-time, non-cash charges during the quarter [5] - Compensation expenses were reduced by 22% year-over-year, resulting in $8 million in annualized expense savings through efficiencies [5] Future Outlook - Blink expects to achieve continued sequential revenue growth in the second half of 2025 based on current visibility [3]