Blink Charging Q3 rev $25.2M (-42%); net loss $(87.4)M; FY target cut to $125-135M

Blink Charging Co.

2024-Q3 EPS reported -$1.24 revenue$96,017,000

Total revenues $25.2M (-42% YoY); product rev $13.4M (-62%), service rev $8.8M (+30%).
Gross margin improved to 36% vs 29% YoY; operating expenses down 21% to $97.3M incl. $69.1M goodwill impairment.
Net loss $(87.4)M ($0.86/sh) vs $(112.7)M ($1.74/sh); YTD net loss $(124.6)M.
Full-year 2024 revenue target revised to $125-135M; expects positive adjusted EBITDA in H2 2025.
Adjusted EBITDA loss $(14.0)M vs $(11.7)M; YTD cash burn reduced by $45M (50%) excl. financing.

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