Blink Charging Q3 Earnings: Revenue Miss, Product Sales Slump, 2024 Outlook Cut & More

Blink Charging Co. (NASDAQ:BLNK) reported its third-quarter financial results Thursday after the bell. The stock is down 8% premarket Friday as it revised its fiscal 2024 outlook.

Q3 Earnings: Blink Charging reported third-quarter revenue of $25.19 million, down by 41.9% year-on-year, missing analyst consensus estimates of $35.50 million.

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The company reported an adjusted loss of 16 cents per share, beating analyst consensus estimates for a loss of 17 cents per share.

Product revenue was $13.45 million, down from $35.06 million in the prior year’s quarter. Service ...