Blink Charging Co. (BLNK) reported disappointing third-quarter financial results, missing revenue estimates and revising its fiscal 2024 outlook downward. The company’s stock tumbled over 8% in premarket trading on Friday. While service revenue showed growth, product revenue declined significantly, and the company expects to reach profitability later than initially anticipated.
Blink Charging Co. (BLNK) announced that its CEO, Brendan Jones, will retire in January 2025 after five years with the company. COO Michael Battaglia will succeed Jones as CEO, while Jones will remain on the board and as an advisor until July 2025. The announcement comes as Blink reported weaker-than-expected second-quarter results, including a revenue miss and a lowered full-year guidance.
