Blink Charging down after annual revenue forecast cut

Blink Charging

07/08/2024 22:53

(Updates)
    ** Shares of EV-charger maker Blink Charging  BLNK.O  fall
8% to $2.3 in aftermarket trade
    ** Company sees FY24 revenue between $145 mln and $155 mln,
down from its prior forecast of between $165 mln and $175 mln;
analysts expect revenue of $169 mln - LSEG data
        ** BLNK also pushes back its timeline to achieve
positive adj. EBITDA to 2025 from Dec. 2024
  
    ** Company reports Q2 revenue of $33.3 mln, below analysts'
estimate of $39 mln 
    ** Stock down 25% YTD

 (Reporting by Juby Babu in Mexico City)
 ((Juby.Babu@thomsonreuters.com;))