BLINK CHARGING ANNOUNCES FOURTH QUARTER AND FULL YEAR 2024 RESULTS
1. Fourth quarter revenues decreased to $30.2 million, down 29.3% year-over-year. 2. Service revenue grew by 24%, now 33% of total revenue in Q4 2024. 3. Operating expenses surged to $81.1 million, including significant non-cash charges. 4. Net loss for Q4 2024 reached $73.5 million, worsening from previous year. 5. The company aims for improved profitability and service revenue growth in 2025.