Blink Q2 revenue up 1.3% to $33.3M; net loss narrows to $20.1M; revenue guidance trimmed

Blink Charging Co.

2024-Q2 EPS reported -$0.37 revenue$70,830,000

Q2 total revenue $33.3M vs $32.8M YoY; product rev $23.6M (-4.1%), service rev $8.0M (+15%).
Net loss $20.1M ($0.20/shr) vs $41.5M ($0.67) YoY; adjusted EBITDA loss $14.7M vs $13.5M.
Gross margin 32% vs 37% YoY on shift to third-party products; operating expenses fell 41%.
FY 2024 revenue target adjusted to $145M–$155M; positive adjusted EBITDA now targeted during 2025.
Deployed/contracted/sold 4,106 charging stations in Q2; nearly 33 GWh disbursed on networks.

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