EV charging firm Blink Q3 revenue misses estimates

Blink Charging

06/11/2025 21:31

Overview

Blink Charging Q3 revenue up 7.3% yr/yr but missed analyst expectations

Adjusted EPS for Q3 beats consensus, reflecting improved operational efficiency

Company reduced operating cash burn by 87% sequentially to $2.2 mln

Outlook

Blink expects continued sequential revenue growth in the second half of 2025

Company aims to maintain strong momentum in recurring revenue streams

Blink is transitioning to contract manufacturing to improve scalability

Result Drivers

SERVICE REVENUE GROWTH - Increased charger utilization and service revenues drove a 35.5% YOY increase in service revenues

COST REDUCTION - Co reduced operating expenses by 26% YOY and operating cash burn by 87% sequentially

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$27 mln
$30.10 mln (5 Analysts)
Q3 Adjusted EPS
Beat
-$0.10
-$0.14 (4 Analysts)
Q3 EPS
Q3 Net Income
-$90,000
Q3 Adjusted EBITDA
Beat
-$8.90 mln
-$10.30 mln (4 Analysts)
Q3 Gross Profit
$9.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electric utilities peer group is "buy"

Wall Street's median 12-month price target for Blink Charging Co is $2.50, about 34.4% above its November 5 closing price of $1.64

Press Release: ID:nGNX7SM2lL

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)