Financial Data and Key Metrics Changes - Total company revenue for Q3 2024 was $25.2 million, down from $43.4 million in Q3 2023 [41] - Gross margin improved to 36% in Q3 2024, compared to 29% in the same period last year [43] - Cash burn was reduced by $3.6 million or 27% year-over-year, totaling $10.1 million for Q3 2024 [48] - Year-to-date cash burn decreased by $45 million or 50% compared to the previous year [11][49] Business Line Data and Key Metrics Changes - Service revenue for Q3 2024 was $8.8 million, a 30% increase year-over-year, contributing to a total of $25 million for the first nine months of 2024, up 35% from the same period in 2023 [42] - The number of owned and operated chargers grew by 28% year-over-year to 6,442 units [13] - Revenue from Blink-owned DC fast chargers surged by 544% year-over-year [14] Market Data and Key Metrics Changes - EV sales in the US grew by 11% year-over-year in Q3 2024, with 346,000 EVs sold, marking a 5% increase from Q2 2024 [19][20] - Globally, EVs accounted for 8.9% of all new car sales in Q3 2024, up from 7.8% in Q3 2023 [20] Company Strategy and Development Direction - The company is focusing on vertical integration and increasing the number of owner-operated chargers to enhance gross margins and service revenue [54][56] - Blink is pursuing strategic partnerships and collaborations, such as with WEX and Create Energy, to enhance its service offerings and market position [29][30] - The company aims to achieve positive adjusted EBITDA in the second half of 2025 while maintaining a gross margin target of approximately 33% [18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about improving EV sales trends and the potential for increased demand for charging infrastructure [19][20] - The company is committed to continuous improvement and cost control measures, which have significantly reduced cash burn and operating expenses [36][49] - Management highlighted the importance of adapting to market conditions and enhancing revenue opportunities through innovative technologies [39][40] Other Important Information - The company announced a $2 million grant from the State of Illinois for deploying EV chargers [30] - A special purpose vehicle (SPV) was established in the UK to support charging infrastructure deployment, similar to the US NEVI program [32][90] Q&A Session Summary Question: Update on the mix of level two versus level three chargers and the impact of subsidies - Management noted a shift towards more L2 chargers, which have higher margins, while acknowledging lower DC fast charger sales this year compared to last [63][66][68] Question: Corporate partnerships and their impact on network development - Management confirmed that corporate partnerships are strong and growing, with a focus on expanding into large-scale organizations [72][76][80] Question: Cash management and future cash needs - Management indicated a significant reduction in cash burn and a comfortable cash position, allowing for a runway without immediate capital market needs [84][85] Question: Product margins and the impact of the new Maryland facility - Management expressed confidence in maintaining gross margins and highlighted the transition towards Blink-manufactured products for better margins [102][104] Question: Charger uptime and maintenance strategies - Management emphasized proactive maintenance for owned chargers and strategies to improve uptime across the network [106][110] Question: Differences in sales cycles between owner-operated and other models - Management confirmed that the owner-operated model has a shorter sales cycle due to direct control over installation and revenue generation [112][114][116]

Exhibit 99.1 1 BLINK CHARGING ANNOUNCES THIRD QUARTER 2024 RESULTS ● Third quarter 2024 total revenues of $25.2 million; Year-to-date 2024 total revenues of $96.0 million ● Third quarter 2024 product revenues of $13.4 million; Year-to-date 2024 product revenues of $64.5 million ● 30% increase in service revenues to $8.8 million in third quarter of 2024 compared to $6.7 million in third quarter 2023; 35% increase in year-to-date 2024 service revenues to $25.0 million ● Service revenue contributed 35% of tota ...

Blink Charging is launching a £100 million Special Purpose Vehicle (SPV) aimed at enhancing electric vehicle charging infrastructure. In collaboration with Axxeltrova Capital (“Axxeltrova”), this initiative will enable Blink to deploy significant assets while inviting investors to support growth and innovation in charging deployments. Bowie, Md., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading global manufacturer, owner, operator, and provider of ele ...

Efficient and expanded deployment of infrastructure will support a more sustainable future for the state. Bowie, Md., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) ("Blink" or the "Company"), a leading global manufacturer, owner, operator, and provider of electric vehicle (EV) charging equipment and services, has announced it has been awarded a nearly $2 million grant to own and operate EV chargers for the state of Illinois. The grant, awarded by the Illinois Environmental Protection A ...

Bowie, MD, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading global manufacturer, owner, operator, and provider of electric vehicle (EV) charging equipment and services, will announce its third quarter results on Thursday, November 7, 2024, following the close of the financial markets. The Company will host a conference call and webcast that day at 4:30 p.m. Eastern Time to discuss the Company’s results for the third quarter ended September 30, 2024. T ...

Blink's enhanced "Right Charger, Right Place, Right Time" strategy now aligns with "Right Price." Blink will use Stable Auto's AI powered platform to improve the performance and attractiveness of its network . This innovative collaboration helps ensure that Blink and its customers' chargers will thrive by improving access and providing fair and appropriate pricing tailored to regional energy costs and driver demand. Bowie, Md., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) ("Blink" or ...

I am initiating coverage on Blink Charging (NASDAQ: BLNK ) stock with a " Buy " rating and an investment horizon of 24 months. I believe that Blink stock is attractively valued after the recent correction, and Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than fro ...

Core Insights - Blink Charging is providing support to former Enel X and JuiceBox customers by offering cost-effective solutions and immediate upgrades for EV charging equipment and services [2][3]. Company Overview - Blink Charging Co. is a leading global manufacturer, owner, operator, and provider of electric vehicle (EV) charging equipment and services [2]. - The company aims to facilitate the transition to electric transportation through innovative charging solutions [5]. Solutions Offered - Blink is introducing a revenue share program where it covers the costs of EV charging equipment, warranty, and maintenance for customers [3]. - Existing JuiceBox charging station owners can receive a free upgrade to Blink's equipment [3]. Future Readiness - The company emphasizes the importance of reliable and innovative products, with a focus on future-ready charging stations that incorporate advancements like vehicle-to-grid technology [4]. - Blink's inventory is prepared for immediate shipping and replacement [4]. Strategic Partnerships - Blink has established key strategic partnerships to promote the adoption of EV charging solutions across various locations, including parking facilities, multifamily residences, workplaces, healthcare facilities, and more [5].

Core Insights - Blink Charging Co. has surpassed 100,000 chargers sold, deployed, or contracted globally, marking a significant milestone in the electric vehicle (EV) charging infrastructure [1][2]. Company Achievements - The accomplishment is attributed to Blink's dedicated mission to advance energy transition through innovative charging solutions and a strong focus on customer needs [2]. - Blink's turnkey model facilitates streamlined project management from start to installation, enhancing operational efficiency [2]. - The company emphasizes charger uptime by offering optional preventative maintenance care programs, such as Blink Care [2]. Strategic Partnerships and Government Engagement - Blink is recognized as a vetted EV charging products and services provider through various cooperative contracts, aiding state and local government agencies and educational institutions in developing EV charging infrastructure [3]. - Earlier this year, Blink achieved "In Process" FedRamp® status, enabling the provision of cloud-based EV charging solutions across the U.S. government [3]. Leadership and Future Goals - The achievement of 100,000 chargers is seen as a collaborative effort among Blink's team, customers, and the EV community, all sharing a vision for global electrification of transportation [4]. - The incoming CEO, Mike Battaglia, expressed motivation to provide an additional 100,000 fast, reliable Blink chargers in response to the rapid advancement of EV adoption [4]. Company Overview - Blink Charging Co. is a global leader in EV charging equipment and services, facilitating the transition to electric transportation through innovative solutions [5]. - The company's principal offerings include the Blink Network, EV charging equipment, and services, utilizing proprietary cloud-based software for operation and maintenance [5]. - Blink has established strategic partnerships for EV charging adoption across various locations, including parking facilities, residential areas, workplaces, healthcare facilities, and more [5].

Blink Charging Co. (BLNK) , an owner, operator and provider of EV charging stations and services, has announced that it is set to execute an operational cost reduction plan to improve its short and long-term performance, given current economic conditions. The plan involves reducing its global workforce by 14%, which is expected to generate annual savings of around $9 million. Implementation of these changes will begin immediately and is set to be completed by the first quarter of 2025. The initiative is int ...