Blink CEO, Brendan Jones, To Discuss Blink's Continuous Record Growth And Path To Profitability At UBS Industrials Summit On November 29
Portfolio Pulse from Benzinga Newsdesk
Blink Charging Co. (NASDAQ:BLNK) President and CEO Brendan Jones will discuss the company's growth and path to profitability at the UBS Industrials Summit on November 29. Blink aims for a positive adjusted EBITDA by December 2024 and has seen significant revenue growth, with Q3 2023 revenues up 152% to $43.4 million. The company has also improved operational efficiency by insourcing chargers and raised its 2023 revenue target to $128 - $133 million.
November 17, 2023 | 6:20 pm
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Blink Charging Co. reports a 152% increase in Q3 2023 revenues and is on a path to profitability with a positive adjusted EBITDA target by December 2024. The company is also improving operational efficiency by insourcing chargers.
The positive financial results and the strategic roadmap towards profitability presented by the CEO are likely to instill investor confidence and could lead to a short-term positive impact on BLNK's stock price. The significant increase in revenues and gross profit, along with the raised revenue target for 2023, are strong indicators of the company's growth trajectory.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100