Blink Charging Announces Preliminary Q4 Revenue Excess Of $42M (Est: $34.42M), Full-year 2023 Revenue In Excess Of $140M (Estimate: 132.33M), Reiterates Adjusted EBITDA Profitability Target
Portfolio Pulse from Benzinga Newsdesk
Blink Charging announced its preliminary Q4 revenue exceeding $42M, surpassing the estimate of $34.42M. The full-year 2023 revenue is also expected to exceed $140M, against the estimate of $132.33M. The company reiterated its target for adjusted EBITDA profitability.

February 14, 2024 | 12:51 pm
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Blink Charging's Q4 revenue exceeded expectations at over $42M, and its forecast for 2023 revenue surpasses $140M, with a reaffirmed target for adjusted EBITDA profitability.
Blink Charging's announcement of exceeding revenue estimates for Q4 and the full year 2023, along with reiterating its adjusted EBITDA profitability target, is likely to instill confidence among investors. This positive financial performance and outlook could lead to an increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100