Blink Charging (NASDAQ:BLNK) Reports Sales Below Analyst Estimates In Q3 Earnings

Core Insights - Blink Charging (NASDAQ:BLNK) reported Q3 CY2025 revenue of $27.03 million, which represents a 7.3% year-on-year growth but fell short of market expectations of $29.88 million [1][6][7] - The company recorded a non-GAAP loss of $0.10 per share, aligning with analysts' consensus estimates [1][6] - Analysts project a revenue growth of 17.6% over the next 12 months, indicating potential for improved performance driven by new products and services [7] Company Overview - Blink Charging is a pioneer in the EV charging sector, involved in manufacturing, owning, operating, and providing electric vehicle charging equipment and networked services [3] Revenue Growth - Over the past five years, Blink Charging achieved an impressive annualized revenue growth of 88.5%, surpassing the average growth of industrial companies [4] - However, the company has experienced a decline in revenue over the last two years, with an annualized decrease of 5.9% [5] Financial Performance - Q3 CY2025 revenue was $27.03 million, a 7.3% increase year-on-year, but a 9.6% miss compared to analyst estimates [6] - Adjusted EBITDA was -$8.87 million, with a margin of -32.8%, which was a 3% beat against expectations [6] - Operating margin improved to -0.8%, a significant increase from -350% in the same quarter last year [6] - Free cash flow was -$3.70 million, an improvement from -$10.09 million in the same quarter last year [6] - The company's market capitalization stands at $171.7 million [6]