Blink Charging Sees FY24 Revenue $165M-$175M Vs $171.2M Est.; Reiterates Its Target Of Achieving A Positive Adjusted EBITDA Run Rate By December 2024; Targets Gross Margin Of ~33%
Portfolio Pulse from Benzinga Newsdesk
Blink Charging projects FY24 revenue to be between $165M-$175M, aligning with the $171.2M estimate. The company aims for a positive adjusted EBITDA by December 2024 and targets a gross margin of approximately 33% for the full year.
March 14, 2024 | 8:35 pm
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Blink Charging aims for FY24 revenue between $165M-$175M, seeks positive adjusted EBITDA by Dec 2024, and targets a 33% gross margin.
The company's projection of meeting the revenue estimate and its goal for a positive adjusted EBITDA by December 2024, along with a significant gross margin target, are positive indicators for its financial health and operational efficiency. These factors are likely to instill investor confidence and could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100