Why Blink Charging (BLNK) Stock Is Nosediving [Yahoo! Finance]
Blink Charging Co. (BLNK)
Last blink charging co. earnings: 8/14 04:26 pm
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US:NASDAQ Investor Relations:
ir.blinkcharging.com
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Source: Yahoo! Finance
Full-year revenue guidance missed as sales fell short of Wall Street's estimates during the quarter. The top line was particularly impacted by a sharp deceleration in DC fast charger sales, given the tough comparison relative to the previous year. This trend was mostly concentrated in the automotive dealerships. As a result, the company plans to replace dealership sales by focusing on other sales verticals, though this might take some time to be reflected on the top line. Profitability, however, showed some resilience as the company managed to reduce its cash burn by 27% year-over-year and 50% year till date, driven by cost optimization efforts and a shift toward higher margin Level 2 chargers.? Overall, this was a weaker quarter. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Blink Charging? Access our full analysis report here, it's free Blink Charging's shares are extremely volatile and
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News
- So, Should We Worry About Blink Charging's Cash Burn? [Yahoo! Finance]Yahoo! Finance
- Spotting Winners: Blink Charging (NASDAQ:BLNK) And Renewable Energy Stocks In Q3 [Yahoo! Finance]Yahoo! Finance
- Three Reasons Why BLNK is Risky and One Stock to Buy Instead [Yahoo! Finance]Yahoo! Finance
- Kings College NHS Trust Selects Blink Charging to Install 41 EV Chargers at Orpington's Princess Royal University Hospital [Yahoo! Finance]Yahoo! Finance
- Kings College NHS Trust Selects Blink Charging to Install 41 EV Chargers at Orpington's Princess Royal University HospitalGlobeNewswire
BLNK
Earnings
- 11/7/24 - Beat
BLNK
Sec Filings
- 12/18/24 - Form 8-K
- 11/12/24 - Form 10-Q
- 11/12/24 - Form SC
- BLNK's page on the SEC website