Overview
Blink Q2 2025 revenue grows 38% sequentially, beating analyst expectations
Adjusted EPS for Q2 misses estimates, reflecting non-cash charges impact
Outlook
Blink expects continued sequential revenue growth in H2 2025
Company anticipates growth in repeatable charging revenue due to rising energy prices
Result Drivers
PRODUCT DEMAND - Sequential product revenue growth of 73% driven by demand for DC fast chargers and L2 Series chargers
SERVICE UTILIZATION - Service revenues increased 11% sequentially due to greater utilization and more chargers on the network
COST REDUCTION - Reduced compensation expenses by 22% year-over-year, eliminating $8 mln in annualized expenses
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $28.70 mln | $22.10 mln (4 Analysts) |
Q2 Adjusted EPS | Miss | -$0.26 | -$0.18 (4 Analysts) |
Q2 EPS |
| -$0.31 |
|
Q2 Net Income |
| -$32 mln |
|
Q2 Adjusted EBITDA | Miss | -$24.50 mln | -$10.80 mln (4 Analysts) |
Q2 Gross Profit |
| $2.10 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 62.4% above its August 15 closing price of $0.94
Press Release: ID:nGNX7JlgZr