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Blink Charging reports Q4 revenue drop, missing forecasts and lowering stock value.
Blink Charging, an EV charging solutions provider, reported a 29.3% drop in Q4 revenues to $30.2 million, missing forecasts and showing a non-GAAP loss of $0.15 per share.
Despite a 24% rise in service revenues, product revenues fell 48.6%.
The company's stock dropped to $0.90, with a market cap of $91.09 million.
Blink Charging aims to boost service revenues and cut costs to improve profitability in 2025.
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Blink Charging reporta caída de ingresos Q4, falta de pronósticos y disminución del valor de las acciones.