BLNK Earnings Prediction
The chart below shows how BLNK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BLNK sees a +1.16% change in stock price 10 days leading up to the earnings, and a -1.08% change 10 days following the report. On the earnings day itself, the stock moves by -0.93%. This data can give you a slight idea of what to expect for the next quarter's release.
BLNK Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
30.18M
-29.34%
19.82%
Gross Margin
24.95%
0.65%
-31.10%
Operating Margin
-51.75%
22.20%
-29.01%
Net Margin
-243.58%
428.37%
-29.80%
EPS
-0.73
-160.71%
-15.12%
No Data Available
BLNK Earnings Analysis
Blink Charging Co Corporation (BLNK.O) Earnings Conference Call
Positive
Earnings Surprise: Blink Charging Co. beat earnings expectations with an EPS of $-0.15 compared to the expected $-0.18.
Revenue Increase Q4 2024: In Q4 2024, consolidated revenue was $30 million, a sequential increase of 20% from Q3 2024.
Service Revenue Surge: Service revenues grew 24% in Q4 2024 to $9.8 million compared to Q4 2023, contributing to a record full-year service revenue of $35 million.
Energy Distribution Increase: The company dispersed 42.5 gigawatt hours of energy across all networks, a year-over-year increase of over 100%.
Charger Expansion and Revenue Growth: Blink Charging Co. ended 2024 with 6,867 company-owned chargers, a 33% increase compared to 2023, driving service revenue growth.
DC Fast Charger Revenue Surge: Revenue from DC fast chargers increased nearly 500% in 2024 compared to 2023, highlighting a strong focus on this segment.
EV Charging Network Growth: The company has the third largest EV charging network in the U.S., which positions it well for growth amid industry consolidation.
European Charging Services Leadership: In Europe, Blink Charging Co. is a leading provider of charging services, with significant operations in the UK and Belgium, contributing to revenue diversification.
Expense Reduction and Management: Operating expenses were reduced by 24% in 2024, with a 51% reduction in cash burn, indicating improved financial management.
EBITDA Loss Improvement: Adjusted EBITDA loss improved by 25% year-over-year in Q4 2024, showing progress towards profitability.
Negative
Increased Loss per Share: Loss per share for Q4 2024 was $0.73, compared to $0.28 in the prior year period, indicating a significant increase in losses.
Increased Loss Per Share: For the full year 2024, loss per share was $8.6 compared to $2.3 in the prior year, showing a worsening financial position year-over-year.
Revenue Decline Analysis: Total revenues for 2024 were $126.2 million, down from $140.6 million for the full year 2023, reflecting a decline in overall sales.
Product Revenue Decline: Product revenues for the fourth quarter were $17.2 million and $81.7 million for the full year, indicating a decrease in product sales compared to previous periods.
Gross Profit Decline: Gross profit for Q4 was $7.5 million, down from $10.6 million in Q4 2023, highlighting a decline in profitability despite revenue growth.
Adjusted EBITDA Loss Analysis: Adjusted EBITDA for the fourth quarter of 2024 was a loss of $10.6 million, compared to a loss of $14 million in the prior year, indicating ongoing financial struggles despite some improvement.
Operating Expenses Reduction: Operating expenses for Q4 2024 were $23.1 million, down from $29.5 million in Q4 2023, but still represent a significant cost burden on the company.
Cash Burn Analysis: Despite a reduction in cash burn by 51% in 2024, the company still reported a cash burn of $9 million per quarter at the end of 2024, which is substantial.
Sales Challenges and Volatility: The company faced challenges in product sales due to a tough comparison with 2023, where significant sales were made to auto dealerships, indicating potential volatility in revenue streams.
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BLNK Earning Call Sentiment
Blink Charging Co. (NASDAQ:BLNK) Q4 2024 Earnings Call Transcript
BLNK.O
1.81%Positive
The earnings call presents mixed signals: strong growth in specific revenue areas and reduced cash burn, but overall revenue declined, and losses continue. The Q&A reveals optimism for future sales and strategic moves, but lacks concrete guidance on margins and cost reductions. The absence of a share repurchase program and unclear management responses add uncertainty. Positive aspects are balanced by challenges and uncertainties, leading to a neutral sentiment.
