2 3 3 * - All comparisons are Q1 -2025 year -over -year, unless otherwise noted 4 4 341% 29.2% $8.2 $8.0 $8.8 $9.8 $- $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 $ in millions 1Q24 2Q24 3Q24 4Q24 1Q25 5 22% 7,091 $10.6 * Excludes financing activities **Total Operating Expenses adjusted for non -cash items such impairment of goodwill, impairment of intangible assets, and change in fair value of consideration payable 6 6 7 Futura Std Book (bold) | ($ in OOOs) | ા Q25 | 1 Q24 | YoY | | --- | --- | --- | --- | | | | | Chan ...

Financial Performance - Total revenues for Q1 2025 were $20.8 million, a decrease of 44.8% compared to $37.6 million in Q1 2024[11] - Product sales dropped 69.5% to $8.4 million in Q1 2025 from $27.5 million in Q1 2024[12] - Service revenues increased by 29.2% to $10.6 million in Q1 2025, up from $8.2 million in Q1 2024[13] - Net loss for Q1 2025 was $20.7 million, or $0.20 per share, compared to a net loss of $17.2 million, or $0.17 per share in Q1 2024[17] - Adjusted EBITDA loss for Q1 2025 was $15.5 million, worsening from a loss of $10.2 million in Q1 2024[18] - Adjusted EBITDA for the three months ended March 31, 2025, was $(15,489) million, compared to $(10,180) million for the same period in 2024, reflecting a deterioration of about 52.5%[37] Expenses and Margins - Gross margin for Q1 2025 was 35.5%, slightly down from 35.7% in Q1 2024[15] - Operating expenses decreased by 7.9% to $28.4 million in Q1 2025 compared to $30.9 million in Q1 2024[16] Cash and Assets - Cash, cash equivalents, and marketable securities totaled $42.0 million as of March 31, 2025, down from $55 million at the end of 2024[22] - Total assets decreased from $217,988 million as of December 31, 2024, to $199,078 million as of March 31, 2025, representing a decline of approximately 8.7%[31] - Cash and cash equivalents increased slightly from $41,774 million as of December 31, 2024, to $42,024 million as of March 31, 2025, showing a growth of approximately 0.6%[31] - Total stockholders' equity decreased from $118,702 million as of December 31, 2024, to $102,603 million as of March 31, 2025, a decline of approximately 13.6%[31] - The company’s cash and cash equivalents and restricted cash at the end of the period totaled $42,101 million, down from $73,224 million at the end of the same period in 2024, a decrease of approximately 42.5%[34] Liabilities and Cash Flow - Total current liabilities decreased from $59,244 million as of December 31, 2024, to $57,356 million as of March 31, 2025, a reduction of approximately 3.2%[31] - The company reported a net cash used in operating activities of $11,855 million for the three months ended March 31, 2025, an improvement from $21,476 million for the same period in 2024, indicating a reduction in cash outflow of about 44.8%[34] - Proceeds from the sale of marketable securities amounted to $13,630 million for the three months ended March 31, 2025, compared to $3,000 million for the same period in 2024, representing an increase of approximately 354.3%[34] Future Outlook - Blink added 319 Blink-owned chargers to its network during Q1 2025[8] - The company expects sequential revenue growth in Q2 2025 and continued growth throughout the second half of 2025[9] - The company anticipates achieving its 2024 revenue and gross margin targets, along with projected adjusted EBITDA run rate and timeline[43]

Core Insights - Blink Charging Co. reported a significant decline in total revenues for Q1 2025, amounting to $20.8 million, down 44.8% from $37.6 million in Q1 2024, primarily due to the uncertain economic climate affecting customer spending [8][4][10] - Despite the overall revenue decline, service revenues increased by 29.2% to $10.6 million, driven by higher utilization of Blink chargers and an increase in the number of chargers on the network [10][12] - The company is optimistic about future growth, expecting sequential revenue increases in Q2 2025 and continued growth throughout the year, particularly in service revenues [6][4] Financial Performance - Product sales dropped significantly by 69.5% to $8.4 million in Q1 2025 compared to $27.5 million in Q1 2024 [2][9] - Gross profit for Q1 2025 was $7.4 million, representing a gross margin of 35.5%, slightly down from 35.7% in Q1 2024 [12][8] - Operating expenses decreased by 7.9% to $28.4 million in Q1 2025, compared to $30.9 million in Q1 2024 [13][8] Net Loss and Adjusted Metrics - The net loss for Q1 2025 was $20.7 million, or $0.20 per share, compared to a net loss of $17.2 million, or $0.17 per share, in Q1 2024 [14][17] - Adjusted EBITDA for Q1 2025 was a loss of $15.5 million, worsening from a loss of $10.2 million in Q1 2024 [15][31] - Adjusted EPS for Q1 2025 was a loss of $0.18, compared to a loss of $0.13 in Q1 2024 [17][31] Cash Position and Liquidity - As of March 31, 2025, cash, cash equivalents, and marketable securities totaled $42.0 million, down from $55 million at the end of 2024 [19][27] - The company had no cash debt as of March 31, 2025, indicating a strong liquidity position despite the losses [19] Strategic Developments - Blink Charging announced a collaboration with Create Energy to introduce a turnkey NanoGrid solution aimed at enhancing the reliability of DC fast charging installations [5][4] - The company added 319 Blink-owned chargers to its network during the first quarter, contributing to the growth in service revenues [8][10] - Blink Charging UK was awarded 'Preferred Bidder' status for a 15-year contract with Brighton & Hove, valued at £500,000, to provide a minimum of 350 chargers [20]

Company Performance - Blink Charging (BLNK) closed at $0.73, reflecting a +1.99% increase compared to the previous day, outperforming the S&P 500 which fell by 0.77% [1] - Over the past month, Blink Charging's shares have decreased by 13.9%, underperforming the Computer and Technology sector's gain of 16.73% and the S&P 500's gain of 11.54% [1] Upcoming Earnings - The upcoming earnings report for Blink Charging is scheduled for May 12, 2025, with an expected EPS of -$0.14, indicating a 7.69% decline from the same quarter last year [2] - Revenue is projected at $27.01 million, representing a 28.1% decrease compared to the same quarter last year [2] Full Year Estimates - For the full year, analysts expect earnings of -$0.48 per share and revenue of $130.77 million, which would reflect changes of +21.31% and +3.62% respectively from the previous year [3] Analyst Estimates - Recent changes to analyst estimates for Blink Charging are important as they reflect the shifting dynamics of short-term business patterns, with positive revisions indicating analysts' confidence in the company's performance [4] - The Zacks Rank system, which includes estimate changes, provides a rating system that has shown a strong track record of outperformance [5][6] Industry Context - Blink Charging operates within the Electronics - Miscellaneous Services industry, which is part of the Computer and Technology sector, holding a Zacks Industry Rank of 21, placing it in the top 9% of over 250 industries [7]

The most recent trading session ended with Blink Charging (BLNK) standing at $0.73, reflecting a -1.8% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.15% gain on the day. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.09%.Shares of the company witnessed a loss of 20.8% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 1.15% and the S&P 500's loss of 0.21%.The investment community will be close ...

Bowie, MD, April 30, 2025 (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 first quarter results on Monday, May 12, 2025, 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 first quarter ended March 31, 2025. To access ...

Core Viewpoint - Blink Charging Co. has partnered with Create Energy to launch a unique integrated solution that combines EV charging, solar energy, and storage, aimed at enhancing grid resiliency and addressing common infrastructure challenges [2][4][6]. Company Overview - Blink Charging is a leading global provider of electric vehicle (EV) charging equipment and services, focusing on innovative solutions to facilitate the transition to electric transportation [9]. - Create Energy is a US-based renewable energy company that aims to disrupt the clean-tech industry with a range of products and services, including energy storage and EV solutions [7]. Product Offering - The new solution integrates Blink's advanced Level 2 (L2) and Direct Current Fast Charging (DCFC) chargers with Create Energy's Nanogrid technology, creating a scalable and deployable energy system [3][4]. - This system is designed to reduce operating costs, enhance performance, and provide energy independence by managing peak demand and eliminating demand charges [3][4]. Market Impact - The collaboration allows both companies to market the integrated solution to their respective markets, facilitating easier deployment and scalability of EV charging infrastructure [4][6]. - The offering is expected to strengthen Blink's competitive position in high-impact infrastructure programs, such as the UK's Low Emission Vehicle Infrastructure (LEVI) initiative, by minimizing grid impact and improving project scoring [6]. Deployment Strategy - The rollout of this integrated solution will begin in the U.S. with plans for global expansion across all Blink markets [7].

Core Insights - Blink Charging Co. has entered a strategic agreement with Eco-Movement to enhance the visibility and accessibility of its EV charging network [1][4] - Eco-Movement provides a comprehensive database of EV charging points, which will be integrated into various mapping and charger-finding applications [2][3] - The collaboration aims to improve the EV driver experience by ensuring real-time updates on charger availability and location [4][6] Company Overview - Blink Charging Co. is a leading global provider of EV charging equipment and services, focusing on innovative solutions for electric transportation [7] - The company operates the Blink Network, which utilizes cloud-based software to manage and track EV charging stations and associated data [7] - Blink has established strategic partnerships to expand its charging solutions across various locations, including parking facilities, workplaces, and public areas [7] Eco-Movement Overview - Eco-Movement specializes in collecting and optimizing EV charging data globally, with a database that includes over 1.5 million connectors in more than 80 countries [6] - The platform supports various industry players, including navigation providers and public sector entities, by providing real-time information on charging points [6]

Core Points - Blink Charging Co. has regained compliance with Nasdaq's periodic filing requirement as of April 10, 2025 [1] - The company filed its Form 10-K for the year ended December 31, 2024, with no changes to previously reported financial results [2] Company Overview - Blink Charging Co. is a global leader in electric vehicle (EV) charging equipment and services, facilitating the transition to electric transportation through innovative solutions [2] - The company's main products and services include the Blink Network, EV charging equipment, and EV charging services, utilizing proprietary cloud-based software for operation and maintenance [2] - Blink has established strategic collaborations for EV charging adoption across various locations, including parking facilities, multifamily residences, workplaces, healthcare facilities, schools, airports, and more [2]

Company Performance - Blink Charging (BLNK) closed at $0.76, with a daily increase of 0.5%, underperforming the S&P 500's gain of 9.52% [1] - Over the past month, shares have depreciated by 25.18%, compared to the Computer and Technology sector's loss of 17.72% and the S&P 500's loss of 13.47% [1] Earnings Estimates - The upcoming earnings release is expected to show an EPS of -$0.14, reflecting a 7.69% decline year-over-year [2] - Revenue is projected to be $27.01 million, indicating a 28.1% drop compared to the same quarter last year [2] Fiscal Year Projections - For the entire fiscal year, earnings are estimated at -$0.48 per share and revenue at $130.77 million, representing changes of +21.31% and +3.62% respectively from the previous year [3] - Recent analyst estimate revisions are seen as a sign of optimism regarding the company's business outlook [3][4] Zacks Rank and Industry Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Blink Charging at 3 (Hold) [5] - Over the past month, the Zacks Consensus EPS estimate has increased by 7.28% [5] - The Electronics - Miscellaneous Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 92, placing it in the top 38% of over 250 industries [6]