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 +4.09% change in stock price 10 days leading up to the earnings, and a -1.73% change 10 days following the report. On the earnings day itself, the stock moves by -1.49%. 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
25.19M
-41.93%
-24.28%
Gross Margin
36.21%
22.87%
12.42%
Operating Margin
-72.90%
92.04%
21.93%
Net Margin
-346.96%
33.52%
475.29%
EPS
-0.86
-50.57%
330.00%
No Data Available
BLNK Earnings Analysis
Blink Charging Co. Common Stock Corporation (BLNK.O) Earnings Conference Call
Positive
Revenue Breakdown Analysis: Total company revenue was $25.2 million with service revenue representing $8.8 million or approximately 35% of the total company revenue.
Gross Margin Performance: Gross margin in the third quarter was 36%, significantly exceeding our fully year 2024 target guidance of 33%.
Charger Deployment Growth: During the third quarter we contracted, sold or deployed 6,978 chargers globally, representing a 17% increase year-over-year and a 70% increase sequentially.
Charger Growth Rate: As of September 30, we had 6,442 owned and operated chargers and that is 28% growth versus the same period last year.
DC Fast Charger Revenue Surge: Revenue generated by Blink owned and operated DC fast chargers went up 544% year-over-year.
Negative
Quarterly Revenue Comparison: Total revenue in the third quarter of 2024 was $25.2 million, compared to $43.4 million in the same period 2023.
Quarterly Product Sales Decline: Product sales in the third quarter of 2024 were $13.4 million compared to $35.1 million in the same period in 2023.
Adjusted EBITDA Loss Comparison: Adjusted EBITDA for the third quarter of 2024 was a loss of $14 million compared to a loss of $11.7 million in the prior year period.
Earnings Per Share Loss: Earnings per share for the third quarter of 2024 is a loss of $0.86 compared to a loss of $1.74 per share in the prior year period.
Operating Expenses Comparison: Operating expenses in the third quarter of 2024 were $97.3 million compared to $123.3 million in the prior year period.
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BLNK Earning Call Sentiment
Blink Charging Co. (BLNK) Q3 2024 Earnings Call Transcript
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BLNK.O
-5.38%Positive
The earnings call highlights a mix of positive and negative factors. While service revenue increased by 30% and operating expenses were reduced, total revenue and product sales declined significantly. The Q&A section indicates a focus on cost reduction and optimism about future partnerships, but also vague management responses on subsidies and SPVs. Despite a reduced cash burn, the ongoing financial pressures and lack of a shareholder return plan balance out the positives, leading to a neutral outlook.