Bowie, MD, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK), a leading global owner, operator and provider of electric vehicle (EV) charging equipment and services, today announced the pricing of a public offering of 26,666,666 shares of its common stock at a public offering price of $0.75 per share. The closing of the offering is expected to occur on or about December 12, 2025, subject to the satisfaction of customary closing conditions. H.C. Wainwright & Co. and Roth Capital Partners ar ...

Blink Charging Co. (NASDAQ:BLNK) is one of the best EV charging stocks to buy now. On November 17, Blink Charging Co. (NASDAQ:BLNK) disclosed that it had been awarded a competitively solicited contract through Sourcewell to supply EV charging equipment and associated services to public sector entities across the United States. The agreement encompasses a full range of offerings, including networked and non-networked Level 2 and DC fast charging hardware, site assessments, installation, maintenance, and rep ...

Bowie, MD., Nov. 17, 2025 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading global owner, operator, and provider of electric vehicle (EV) charging equipment and services, today announced it has been awarded a Sourcewell contract for electric vehicle (EV) charging equipment and related services. The competitively solicited contract is effective through September 18, 2029, and may be extended for up to three additional one-year periods. This contract enables more than ...

Financial Performance - For the three months ended September 30, 2025, Blink incurred a net loss of $86, while the net loss for the nine months was $52,752 [165]. - The company has not yet achieved profitability, with total comprehensive income of $6,707 for the three months ended September 30, 2025, attributed to non-cash foreign currency translation adjustments [165]. - Total revenue for the nine months ended September 30, 2025 decreased by $19,566, or 20%, to $76,451 compared to $96,017 during the same period in 2024 [210]. - Net loss for the nine months ended September 30, 2025 decreased by $71,869, or 58%, to $52,752 compared to $124,621 for the same period in 2024 [229]. - Total comprehensive income for the three months ended September 30, 2025 was $6,707, compared to a total comprehensive loss of ($84,790) for the same period in 2024 [209]. Revenue and Sales - Total revenues for the three months ended September 30, 2025, increased by $1,843, or 7%, to $27,030 compared to $25,187 for the same period in 2024, primarily driven by increased network fees and charging service revenues [187]. - Charging service revenue from company-owned charging stations rose by $2,504, or 48%, to $7,758 for the three months ended September 30, 2025, due to an increased number of chargers on the Blink Networks [189]. - Revenue from product sales decreased by $28,614, or 44%, to $35,924 for the nine months ended September 30, 2025, attributed to decreased sales of commercial and residential chargers [211]. - Charging service revenue from Company-owned charging stations increased by $7,012, or 46%, to $22,229 for the nine months ended September 30, 2025 [212]. Expenses and Costs - Cost of revenues for the three months ended September 30, 2025, was $17,364, an increase of $1,296, or 8%, compared to $16,068 for the same period in 2024 [192]. - Cost of product sales decreased by $1,135, or 12%, to $7,987 for the three months ended September 30, 2025, due to a mix in business between DC fast chargers and L-2 chargers [193]. - Warranty and repairs and maintenance costs surged by $490, or 167%, to $784 during the three months ended September 30, 2025, due to outsourcing of warranty repairs [200]. - Warranty and repairs and maintenance costs increased by $1,035, or 55%, to $2,915 during the nine months ended September 30, 2025, due to efforts to reduce backlog in warranty cases [221]. - Compensation expense decreased by $3,631, or 24%, to $11,528 for the three months ended September 30, 2025, compared to $15,159 for the same period in 2024 [202]. - General and administrative expenses decreased by $2,517, or 32%, to $5,455 for the three months ended September 30, 2025, primarily due to a credit loss reserve reversal of $2,990 [203]. Cash and Liquidity - The company reported cash and cash equivalents of $23,110, working capital of $36,752, and an accumulated deficit of $788,607 as of September 30, 2025 [165]. - As of September 30, 2025, the company had cash and cash equivalents of $23,110, a decrease of $32,294 from $41,774 as of December 31, 2024, due to ongoing operating losses and limited cash inflows [182]. - The company expects that its current cash resources will be insufficient to fund operations for the next twelve months, raising substantial doubt about its ability to continue as a going concern [183]. - Management is actively evaluating strategic alternatives, including cost-reduction initiatives and potential restructuring or fundraising opportunities, but there is no assurance these efforts will resolve current financial challenges [184]. - Management is evaluating strategic alternatives, including cost-reduction initiatives and potential restructuring, but there is no assurance these efforts will improve liquidity [238]. Business Operations and Strategy - Blink acquired 100% of Zemetric, Inc. on July 7, 2025, enhancing its charging infrastructure capabilities for fleet and high-utilization destinations [168]. - The company is subject to various federal, state, and international regulations that could impact its business operations and financial condition [180]. - Blink's growth is highly dependent on the adoption of electric vehicles (EVs), with market acceptance being a critical factor for future success [179]. - The Blink Networks, a cloud-based platform, manages EV chargers for remote monitoring, management, and payment processing [176]. Foreign Currency Risks - The company has foreign currency risks related to revenue and operating expenses in currencies other than the U.S. dollar, primarily the euro [246]. - A hypothetical 1% decrease in foreign currencies against the U.S. dollar would not result in a material loss on foreign-denominated balances as of September 30, 2025 [246].

Core Insights - Blink Charging (NASDAQ:BLNK) reported Q3 CY2025 revenue of $27.03 million, a 7.3% year-on-year increase, but fell short of analyst expectations of $29.88 million, resulting in a 9.6% miss [1][6] - The company recorded a non-GAAP loss of $0.10 per share, which was in line with analysts' consensus estimates of -$0.11 [1][6] - CEO Michael Battaglia described the quarter as a "profound transformation," focusing on higher-quality service revenue rather than pure top-line growth [3][4] Revenue and Financial Performance - Revenue for Q3 CY2025 was $27.03 million, compared to analyst estimates of $29.88 million, marking a 7.3% year-on-year growth but a 9.6% miss [6] - Adjusted EBITDA was -$8.87 million, slightly better than the expected -$9.15 million, resulting in a -32.8% margin [6] - Operating margin improved to -0.8%, up from -350% in the same quarter last year [6] - Market capitalization stood at $158.1 million [6] Strategic Initiatives - The company is transitioning away from in-house manufacturing to third-party manufacturers in the U.S. and India, aiming to reduce costs and improve supply chain flexibility [7] - Blink Charging is prioritizing the growth of recurring service revenue through its owned DC fast charging network, focusing on predictable, higher-margin revenue streams [7] - Under the "Blink Forward" initiative, the company has eliminated $13 million in annualized operating expenses year-to-date, with expectations for further cost discipline [7] Future Outlook - Management anticipates that the ongoing transformation towards a service-driven business model will stabilize cash flow and enhance efficiency [4] - The company expects to continue positive trends into Q4, launching new products like the Shasta charger aimed at fleet and multifamily segments [4] - Product gross margins improved to nearly 39% this quarter, indicating a focus on more profitable opportunities and redesigned hardware [7] - Blink achieved an 87% sequential reduction in cash burn, down to $2.2 million, through tighter working capital management [7]

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Core Insights - Blink Charging (NASDAQ:BLNK) reported Q3 CY2025 revenue of $27.03 million, which represents a 7.3% year-on-year growth but fell short of market expectations of $29.88 million [1][6][7] - The company recorded a non-GAAP loss of $0.10 per share, aligning with analysts' consensus estimates [1][6] - Analysts project a revenue growth of 17.6% over the next 12 months, indicating potential for improved performance driven by new products and services [7] Company Overview - Blink Charging is a pioneer in the EV charging sector, involved in manufacturing, owning, operating, and providing electric vehicle charging equipment and networked services [3] Revenue Growth - Over the past five years, Blink Charging achieved an impressive annualized revenue growth of 88.5%, surpassing the average growth of industrial companies [4] - However, the company has experienced a decline in revenue over the last two years, with an annualized decrease of 5.9% [5] Financial Performance - Q3 CY2025 revenue was $27.03 million, a 7.3% increase year-on-year, but a 9.6% miss compared to analyst estimates [6] - Adjusted EBITDA was -$8.87 million, with a margin of -32.8%, which was a 3% beat against expectations [6] - Operating margin improved to -0.8%, a significant increase from -350% in the same quarter last year [6] - Free cash flow was -$3.70 million, an improvement from -$10.09 million in the same quarter last year [6] - The company's market capitalization stands at $171.7 million [6]

Financial Data and Key Metrics Changes - Total revenue for Q3 2025 was $27 million, a 7.3% increase compared to Q3 2024 [9][11] - Service revenue reached a record $11.9 million, up 36% year-over-year [9][12] - Gross margin improved to 35.8% in Q3 2025, compared to 36.2% in Q3 2024 [12][13] - Cash burn reduced by 87% to $2.2 million, the lowest level in over three years [8][21] - Adjusted loss per share was $0.10, an improvement from a loss of $0.16 in Q3 2024 [16] Business Line Data and Key Metrics Changes - Product revenues were $13 million, relatively flat compared to $13.5 million in Q3 2024 [11] - Charging revenue from Blink-owned chargers grew by 48%, with DC fast-charger revenue increasing over 300% year-over-year [9][12] - Operating expenses decreased to $9.9 million from $97.4 million in Q3 2024, reflecting significant reductions in compensation and G&A expenses [13][14] Market Data and Key Metrics Changes - The company anticipates EV sales to stabilize by mid-2026, following adjustments in government incentives [8] - The overall charging network utilization increased by 66%, with 49 gigawatt hours delivered through Blink networks [29] Company Strategy and Development Direction - The company is transitioning to a global functional model to enhance efficiency and accountability [4][5] - A strategic shift to focus on service revenue growth by outsourcing manufacturing to third-party partners [5][6] - The emphasis on expanding the DC fast-charging footprint and network services while maintaining proprietary technology [6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term demand for charging solutions despite near-term variability in EV sales [8] - The company expects continued sequential revenue growth in the second half of 2025 [18][22] - Management highlighted the importance of quality revenue contributing to profitability and long-term shareholder value [17][18] Other Important Information - The Blink Forward initiative has led to the elimination of approximately $13 million in annualized operating expenses year-to-date [4][10] - The company is on track to start shipping new Shasta chargers ahead of schedule in Q4 2025 [22] Q&A Session Summary Question: Impact of manufacturing changes on margins and costs - Management clarified that the transition to contract manufacturing has been planned for some time and will simplify operations while reducing costs [25][26] Question: Growth in network utilization - Management attributed the 66% increase in network utilization to the expansion of DC fast chargers and expects continued growth in utilization rates [29][30] Question: Profitability of DC fast chargers - Management indicated that while DC fast chargers are emphasized, level two chargers remain significant, and margins for DC fast chargers are improving [32][34] Question: Working capital improvements - Management confirmed ongoing efforts to improve working capital, particularly in receivables and inventory management [39][40]

THIRD QUARTER 2025 EARNINGS RESULTS November 6, 2025 Forward-Looking Statements This presentation contains statements that are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, that are based on management's current expectations and assumptions and are subject to risks and uncertainties. Such statements include, but are not limited to, statements about (i) delays in ...

Financial Performance - Total revenues for Q3 2025 were $27.0 million, a 7.3% year-over-year increase[5] - Service revenues grew 35.5% year-over-year to $11.9 million, driven by increased charger utilization[5] - Adjusted EBITDA for Q3 2025 was a loss of $(8.9) million, an improvement from a loss of $(14.0) million in Q3 2024[24] - Total revenues for the three months ended September 30, 2025, were $27,030 million, an increase from $25,187 million in the same period of 2024, representing a growth of 7.3%[32] - Charging service revenue increased to $7,758 million for the three months ended September 30, 2025, compared to $5,254 million in 2024, marking a growth of 47.6%[32] - For the three months ended September 30, 2025, Blink Charging reported a net loss of $86 million, compared to a net loss of $87.4 million for the same period in 2024[41] - Adjusted EBITDA for the three months ended September 30, 2025, was $(8.87) million, while for the same period in 2024, it was $(14.02) million, indicating an improvement[41] - Blink Charging's Adjusted EPS for the nine months ended September 30, 2025, was $(0.54), compared to $(0.47) for the same period in 2024[41] Cash Flow and Liquidity - Operating cash burn was reduced by 87% sequentially to $2.2 million[5] - Cash, cash equivalents, and marketable securities totaled $23.1 million as of September 30, 2025, down from $55.4 million at the end of 2024[28] - Cash and cash equivalents as of September 30, 2025, were $23,110 million, a decrease from $41,774 million at the end of 2024[35] - The company reported a total cash used in operating activities of $31,540 million for the nine months ended September 30, 2025, compared to $34,830 million in 2024[38] - The company generated $11,168 million in net cash from investing activities for the nine months ended September 30, 2025, compared to a cash outflow of $3,946 million in 2024[38] Expenses and Cost Management - Operating expenses decreased by 26% year-over-year and 15% sequentially, adjusted for non-recurring items[20] - The company eliminated approximately $13 million in annualized operating expenses as part of its BlinkForward strategy[11] - Gross margin improved to 35.8% in Q3 2025, compared to 36.2% in Q3 2024[17] - The company reported a depreciation and amortization expense of $2.56 million for the three months ended September 30, 2025, down from $2.99 million in 2024[41] - Blink Charging's total interest expense for the nine months ended September 30, 2025, was $28 million, a decrease from $475 million in the same period of 2024[41] Assets and Liabilities - Total assets decreased to $171,277 million as of September 30, 2025, from $217,988 million at the end of 2024, a decline of 21.5%[35] - Total liabilities decreased to $80,497 million as of September 30, 2025, from $99,286 million at the end of 2024, a reduction of 18.9%[35] - The company’s total stockholders' equity decreased to $90,780 million as of September 30, 2025, from $118,702 million at the end of 2024, a decline of 23.5%[35] Future Outlook - The company expects continued sequential revenue growth in the second half of 2025, with positive trends into Q4[12] - Blink Charging expects continued sequential revenue growth in the last quarter of 2025, with positive trends anticipated to continue into the fourth quarter[49] - Blink Charging's total revenue streams include both recurring and project-based revenues, with strong momentum expected[49] - Blink is transitioning to contract manufacturing to enhance operational efficiency and scalability[8] - The company has established strategic partnerships to enhance the adoption of its EV charging solutions across various locations[46]