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Blink Charging Co (NASDAQ:BLNK) is trading lower after the company reported worse-than-expected earnings results.
Blink said fourth-quarter revenue grew 224% year-over-year to $7.95 million, which beat the $5.43 million estimate. Product sales totaled $5.7 million in the fourth quarter, up 214% year-over-year.
The EV charging company reported a quarterly earnings loss of 45 cents per share, which came in below the estimate for a loss of 39 cents per share.
Blink offers both residential and commercial EV charging solutions, enabling EV drivers to easily recharge at various location types.
See Also: Why DocuSign Shares Are Falling After Hours
BLNK 52-Week Range: $17.93 - $49
Blink shares were down 7.28% at $23.30 in after-hours trading.
Photo: courtesy of Blink.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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