Blink Charging Q2 Earnings: Revenue Miss, EPS Miss, Lowered Guidance Following 'Short-Term Softening Of EV Demand'
Blink Charging Q2 Earnings: Revenue Miss, EPS Miss, Lowered Guidance Following 'Short-Term Softening Of EV Demand'
Blink Charging Co (NASDAQ:BLNK) reported its second-quarter financial results Wednesday after the bell. Here's a rundown of the print.
Blink Charging Co (纳斯达克:BLNK) 周三收盘后公布了其二季度财务业绩报告。以下是报告概述。
Q2 Earnings: Blink reported second-quarter revenue of $33.26 million, missing analyst estimates of $39.06 million. The company reported an adjusted loss of $2 per share, missing analyst estimates for a loss of 15 cents per share, according to Benzinga Pro.
Q2收益: Blink报告的第二季度营业收入为3326万美元，未能达到分析师3906万美元的预期。该公司报告调整后每股亏损2美元，未达到分析师预期的每股损失15美分，据Benzinga Pro报道。
Product revenue came in at $23.6 million, down from $24.6 million in the prior year's quarter. Service revenue increased 15% year-over-year to $8 million, and other revenue increased 29% year-over-year to $1.6 million.
产品收入为2360万美元，低于上一年度季度的2460万美元。服务收入同比增长15%至800万美元，并且其他收入同比增长29%至160万美元。
The company ended the quarter with $73.9 million in cash and cash equivalents, down from $121.7 million as of Dec. 31, 2023.
该公司在季末的现金及现金等价物为7390万美元，低于2023年12月31日的12170万美元。
"During the quarter, we continued to gain market share and expand our charging footprint with 4,106 charging stations contracted, sold, or deployed, and nearly 33-gigawatt hours disbursed across the Blink charging networks," said Brendan Jones, president and CEO of Blink Charging.
“在本季度期间，我们继续获得市场份额并扩大了4,106个充电站，以及在Blink充电网络上发放了近33吉瓦时的电能，”Blink Charging的总裁兼首席执行官Brendan Jones表示。
"While our sales performance reflected the general short-term softening of EV demand, we are unquestionably still at the forefront of a massive charging infrastructure build-out that will be with us for many decades to come."
“尽管我们的销售表现反映出电动汽车需求短期内有所减弱，但我们毫不怀疑，我们仍然处于一个大规模充电基础设施的前沿，该基础设施将与我们共存多年。”
Outlook: Blink lowered its full-year 2024 revenue guidance from a range of $165 million to $175 million to a new range of $145 million to $155 million. The company also updated its timeline to achieve Adjusted EBITDA during 2025. Blink previously said it was targeting a positive adjusted EBITDA run rate by December 2024.
展望: Blink将其2024年全年营业收入指导范围从16500万美元至17500万美元降低至14500万美元至15500万美元的新范围。该公司还更新了其在2025年实现调整后的EBITDA的时间表。Blink此前表示，它的目标是在2024年12月实现正的调整后EBITDA的运行率。
Blink's management team will hold a conference call to discuss these quarterly results at 4:30 p.m. ET.
Blink的管理团队将在4:30 p.m. Et举行电话会议，讨论这些季度业绩报告。
BLNK Price Action: Blink Charging shares were down after-hours 10.17%, trading at $2.25 at the time of publication Wednesday, according to Benzinga Pro.
BLNk 股价走势: 根据Benzinga Pro的报告，Blink Charging股价在周三的公布后下跌了10.17％，报2.25美元。
Photo: Courtesy of Blink Charging.
图片：Blink Charging公司提供。