Blink Charging to lower global personnel count by 14% as part of cost reduction plan [Seeking Alpha]
Blink Charging Co. (BLNK)
Last blink charging co. earnings: 8/14 04:26 pm
Check Earnings Report
US:NASDAQ Investor Relations:
ir.blinkcharging.com
Company Research
Source: Seeking Alpha
The electric vehicle battery charging specialist said it expects to reduce its global personnel count by 14%, resulting in annualized savings of approximately $9 million. The company said the actions will begin immediately and be completed in the first quarter of 2025. The operational cost reduction plan aims to improve operational efficiencies by streamlining functions company-wide. Looking ahead, Blink Charging ( BLNK ) said it is focused on strengthening its financial position by improving economic stability, profitability, and competitive positioning. Blink plans to develop a more efficient and resilient organization that supports long-term growth and strategic advantage. The latest measures are aimed at strengthening BLNK's financial performance and growth potential, benefiting shareholders through increased value and returns. CEO statement: "We remain fully committed to our mission to develop and deploy energy management services and pursue operational excellence and superi
Show less
Read more
Impact Snapshot
Event Time:
BLNK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BLNK alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BLNK alerts
High impacting Blink Charging Co. news events
Weekly update
A roundup of the hottest topics
BLNK
News
- Blink Charging to Position Company for the Future by Implementing Planned Operational Cost ReductionsGlobeNewswire
- Is Blink Charging (BLNK) The Best EV Charging Stock To Invest In? [Yahoo! Finance]Yahoo! Finance
- Blink Charging to Host ‘CEO to Future CEO’ Fireside Chat on EV Industry Developments and Strategic VisionGlobeNewswire
- Blink Joins WEX in Advancing EV Charging Solutions for Mixed Fleets [Yahoo! Finance]Yahoo! Finance
- Blink Joins WEX in Advancing EV Charging Solutions for Mixed FleetsGlobeNewswire
BLNK
Earnings
- 8/7/24 - Miss
BLNK
Sec Filings
- 8/30/24 - Form 8-K
- 8/9/24 - Form 10-Q
- 8/7/24 - Form 8-K
- BLNK's page on the SEC website