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Blink Charging Stock Falls After Revenue Miss, Weak 2026 Outlook
Benzinga· 2026-03-27 13:56
Group 1: Financial Performance - Blink reported an adjusted loss of 11 cents per share, in line with the consensus estimate [2] - Revenue for the quarter was $27.04 million, missing the consensus estimate of $28.56 million [2] - Service revenue increased 62.0% year-over-year to $14.7 million, accounting for 54% of total revenue, up from 32% in the prior-year period [2] - Product revenue declined 35.7% year-over-year to $11.04 million, while other revenue fell 25.5% to $1.33 million [2] Group 2: Cash Position and Cost Management - Blink ended the quarter with $39.6 million in total cash, cash equivalents, and marketable securities [3] - The company has reduced cash burn by 85% since the first quarter to approximately $2 million per quarter [3] Group 3: Strategic Initiatives - The company completed a $20 million public equity offering in December 2025, which strengthened liquidity and supports continued investment in its DC fast charging network [4] Group 4: Future Outlook - Blink expects fiscal-year 2026 revenue of $105.00 million to $115.00 million, compared to the consensus estimate of $128.25 million [5] Group 5: Stock Performance and Trends - Blink is trading 9.6% below its 20-day simple moving average (SMA) and 36.9% below its 100-day SMA, indicating a downward trend [6] - Shares are down 39.41% over the past 12 months and are closer to their 52-week lows than highs [6] - The RSI is at 45.03, suggesting neutral territory with easing downside momentum, while MACD indicates a bullish configuration [7] Group 6: Current Share Price - At the time of publication, Blink shares are trading 8.20% lower at 56 cents [8] - Key resistance level is at $1.00, while key support is at 50 cents [8]