Blink Charging: Q1 Earnings Snapshot
By AP News
Published - May 09, 2023, 04:54 PM ET
Last Updated - Jun 21, 2023, 09:23 PM EDT
MIAMI BEACH, Fla. (AP) — MIAMI BEACH, Fla. (AP) — Blink Charging Co. (BLNK) on Tuesday reported a loss of $29.8 million in its first quarter.
The Miami Beach, Florida-based company said it had a loss of 53 cents per share. Losses, adjusted for amortization costs, came to 49 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 46 cents per share.
The company posted revenue of $21.7 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $20.6 million.
