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 (納斯達克:BLNK) 週三收盤後公佈了其二季度財務業績報告。以下是報告概述。
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報告的第二季度營業收入爲3326萬美元，未能達到分析師3906萬美元的預期。該公司報告調整後每股虧損2美元，未達到分析師預期的每股損失15美分，據Benzinga Pro報道。
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.
產品收入爲2360萬美元，低於上一年度季度的2460萬美元。服務收入同比增長15%至800萬美元，並且其他收入同比增長29%至160萬美元。
The company ended the quarter with $73.9 million in cash and cash equivalents, down from $121.7 million as of Dec. 31, 2023.
該公司在季末的現金及現金等價物爲7390萬美元，低於2023年12月31日的12170萬美元。
"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.
「在本季度期間，我們繼續獲得市場份額並擴大了4,106個充電站，以及在Blink充電網絡上發放了近33吉瓦時的電能，」Blink Charging的總裁兼首席執行官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."
「儘管我們的銷售表現反映出電動汽車需求短期內有所減弱，但我們毫不懷疑，我們仍然處於一個大規模充電基礎設施的前沿，該基礎設施將與我們共存多年。」
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將其2024年全年營業收入指導範圍從16500萬美元至17500萬美元降低至14500萬美元至15500萬美元的新範圍。該公司還更新了其在2025年實現調整後的EBITDA的時間表。Blink此前表示，它的目標是在2024年12月實現正的調整後EBITDA的運行率。
Blink's management team will hold a conference call to discuss these quarterly results at 4:30 p.m. ET.
Blink的管理團隊將在4:30 p.m. Et舉行電話會議，討論這些季度業績報告。
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 股價走勢: 根據Benzinga Pro的報告，Blink Charging股價在週三的公佈後下跌了10.17％，報2.25美元。
Photo: Courtesy of Blink Charging.
圖片：Blink Charging公司提供。