secwatch.observer — SEC 8-K summary
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Issuer:     Blink Charging Co. (BLNK)
CIK:        0001429764
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001493152-24-044020
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1429764/000149315224044020/0001493152-24-044020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1429764/000149315224044020/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-044020

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