For the quarter ended December 2024, Blink Charging (BLNK) reported revenue of $30.18 million, down 29.3% over the same period last year. EPS came in at -$0.15, compared to -$0.28 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $32.41 million, representing a surprise of -6.87%. The company delivered an EPS surprise of +16.67%, with the consensus EPS estimate being -$0.18.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

Blink Charging (BLNK) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to loss of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this company would post a loss of $0.17 per share when it actually produced a loss of $0.16, delivering a surprise of 5.88%.Over the last four quarters, the company has surpassed ...

Blink Charging Co. (NASDAQ:BLNK) Q4 2024 Earnings Conference Call March 13, 2025 4:30 PM ET Company Participants Vitalie Stelea - Vice President of Investor Relations Michael Battaglia - President & Chief Executive Officer Michael Rama - Chief Financial Officer Conference Call Participants Sameer Joshi - H.C. Wainwright Chris Pierce - Needham Craig Irwin - Roth Capital Partners Mickey Legg - Benchmark Noel Parks - Tuohy Brothers Operator Please continue to hold. Please continue to hold, ladies and gentlemen ...

2 3 3 * - All comparisons are Q4 -2024 year -over -year, unless otherwise noted 4 4 Total Revenue 31.8% Service Revenue 16.5% Network Fees 372 bps Gross Margin 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 36,337 51,073 58,907 66,478 72,941 78,769 84,725 89,825 94,476 98,261 105,239 24% 76% North America International 109,596 Increasing charger utilization and global footprint expansion leads to incremental revenue growth *Cumulative number since company inception Total Charging Stations Contr ...

Revenue Performance - Fourth quarter 2024 total revenues were $30.2 million, a decrease of 29.3% compared to $42.7 million in the fourth quarter of 2023[11] - Full year 2024 total revenues were $126.2 million, down 10.2% from $140.6 million in 2023[11] - Product revenues in Q4 2024 were $17.2 million, a decline of 48.6% year-over-year, while full year product revenues were $81.7 million, down 25.3% from 2023[12] - Service revenues increased 24% to $9.8 million in Q4 2024, contributing 33% of total revenue, compared to 19% in Q4 2023[8] - Total revenues for Q4 2024 were $30,180 million, a decrease of 29.4% compared to $42,711 million in Q4 2023[33] Operating Expenses - Operating expenses in Q4 2024 were $81.1 million, including $58.0 million in non-cash charges; excluding these, operating expenses decreased 21% to $23.1 million[18] - Operating expenses surged to $81,120 million in Q4 2024, compared to $29,461 million in Q4 2023, reflecting a significant increase of 175.5%[33] Profitability and Loss - Net loss for Q4 2024 was $(73.5) million, or $(0.73) per share, compared to a net loss of $(19.7) million, or $(0.28) per share in Q4 2023[20] - Adjusted EBITDA for Q4 2024 was a loss of $(10.6) million, an improvement from a loss of $(13.9) million in Q4 2023[22] - Net loss for Q4 2024 was $73,511 million, compared to a net loss of $19,689 million in Q4 2023, marking an increase in losses of 273.5%[33] - Adjusted EBITDA for the year ended December 31, 2024, was $(49,459) million, an improvement from $(56,955) million in 2023[35] - The company reported a diluted net loss per share of $(0.73) for Q4 2024, compared to $(0.28) for Q4 2023[35] Gross Margin - Gross margin for Q4 2024 was 25%, with a full year gross margin of 32%[8] - Gross profit for the year ended December 31, 2024, was $40,781 million, slightly up from $40,206 million in 2023, indicating a marginal increase of 1.4%[33] Impairment and Goodwill - Impairment of goodwill for the year was $126,984 million, up from $89,087 million in 2023, indicating a rise of 42.5%[33] Cash and Liquidity - Cash liquidity as of December 31, 2024, was $55 million, with no cash debt[27] Future Outlook - The company expects service revenue to continue increasing throughout 2025, with product revenue in H1 2025 anticipated to be similar to H2 2024[9] - Blink Charging is focused on achieving its 2024 revenue and gross margin targets, with specific emphasis on projected adjusted EBITDA run rate and timeline[41] - The company acknowledges risks and uncertainties associated with forward-looking statements, which may impact actual performance compared to expectations[41] Charging Services - Charging service revenue from company-owned charging stations increased to $6,228 million in Q4 2024 from $4,535 million in Q4 2023, a growth of 37.4%[33] - The company is focused on expanding its EV charging networks and has established strategic partnerships to enhance adoption across various locations[39]

Financial Performance - Blink Charging Co. reported total revenues of $30.2 million for Q4 2024, a decrease of 29.3% compared to $42.7 million in Q4 2023 [7][8] - For the full year 2024, total revenues were $126.2 million, down 10.2% from $140.6 million in 2023 [7][8] - Product revenues for Q4 2024 were $17.2 million, a decline of 48.6% from $33.4 million in Q4 2023, while full year product revenues were $81.7 million, down 25.3% from $109.4 million in 2023 [9][11] - Service revenues increased by 24% to $9.8 million in Q4 2024, and for the full year, service revenues rose 32% to $34.8 million [10][11] - Other revenues saw a significant increase of 128.1% in Q4 2024, totaling $3.2 million, and for the full year, other revenues increased by 103.4% to $9.7 million [11][12] Profitability and Expenses - Gross profit for Q4 2024 was $7.5 million, maintaining a gross margin of 25%, while full year gross profit was $40.8 million with a gross margin of 32% [13] - Operating expenses in Q4 2024 were $81.1 million, significantly higher than $29.5 million in Q4 2023, largely due to non-cash goodwill impairment charges [14] - Excluding non-cash charges, operating expenses decreased by 21% to $23.1 million in Q4 2024 [14] - For the full year, operating expenses were $240.7 million, slightly up from $239.8 million in 2023, but decreased by 24% to $110.8 million when excluding non-cash charges [15] Net Loss and Adjusted Metrics - The net loss for Q4 2024 was $(73.5) million, or $(0.73) per share, compared to a net loss of $(19.7) million, or $(0.28) per share in Q4 2023 [16] - For the full year 2024, the net loss was $(198.1) million, or $(1.96) per share, an improvement from a net loss of $(203.7) million, or $(3.21) per share in 2023 [17] - Adjusted EBITDA for Q4 2024 was a loss of $(10.6) million, an improvement from a loss of $(13.9) million in Q4 2023 [18] - Full year adjusted EBITDA was a loss of $(49.5) million, compared to a loss of $(56.9) million in 2023 [19] Business Outlook - The company expects service revenue to continue increasing throughout 2025, with product revenue in the first half of 2025 anticipated to be similar to the second half of 2024 [5] - Blink Charging aims to achieve profitability and expand its charging network globally, with improved visibility around its timeline to reach adjusted EBITDA profitability as the year progresses [6] Operational Highlights - Blink Charging contracted, deployed, or sold 4,357 charging stations in Q4 2024, totaling 19,771 chargers for the full year [8] - The company has launched strategic collaborations to enhance its charging infrastructure, including partnerships with ChargeHub and Power Design [26]

LOS ANGELES, CA, March 12, 2025 (GLOBE NEWSWIRE) -- Envoy Technologies Inc. (“Envoy”), a Blink Charging Co. entity and leading provider of electric car-sharing services, has announced its official certification as a vendor for DayBlink GPO, the largest hospitality buying consortium supporting luxury independents globally. The certification makes Envoy’s services available to the organization’s more than 1,100 independent luxury hotels around the world. Envoy’s inclusion in the GPO provides DayBlink properti ...

LOS ANGELES, CA, March 12, 2025 (GLOBE NEWSWIRE) -- Envoy Technologies Inc. ("Envoy"), a Blink Charging Co. entity and leading provider of electric car-sharing services, has announced its official certification as a vendor for DayBlink GPO, the largest hospitality buying consortium supporting luxury independents globally. The certification makes Envoy's services available to the organization's more than 1,100 independent luxury hotels around the world. Envoy's inclusion in the GPO provides DayBlink properti ...

LEVI Funding to Support Chargers Throughout Region London, UK, March 11, 2025 (GLOBE NEWSWIRE) -- Blink Charging UK (“Blink”), a leading owner, operator, provider and manufacturer of electric vehicle (EV) charging equipment and services, has announced that it has been named the preferred bidder (subject to contract execution) by Brighton & Hove City Council (BHCC) for a 15-year contract valued at over £500,000, for a minimum of 350 chargers to service the region’s EV infrastructure. This will be one of the ...

Company Performance - Blink Charging (BLNK) closed at $1.04, reflecting a -1.89% change from the previous day, underperforming the S&P 500's gain of 0.55% [1] - Over the past month, shares of Blink Charging have decreased by 8.62%, which is slightly worse than the Computer and Technology sector's loss of 8.51% and the S&P 500's loss of 5.56% [1] Upcoming Earnings - The upcoming earnings release for Blink Charging is scheduled for March 13, 2025, with an expected EPS of -$0.17, indicating a 39.29% growth compared to the same quarter last year [2] - Revenue is projected to be $32.41 million, reflecting a 24.12% decline from the equivalent quarter last year [2] Analyst Estimates - Recent changes to analyst estimates for Blink Charging are noteworthy, as positive revisions are generally seen as a good sign for the company's business outlook [3] - The Zacks Rank system, which incorporates these estimate changes, indicates that Blink Charging currently holds a Zacks Rank of 3 (Hold) [5] Industry Context - Blink Charging operates within the Electronics - Miscellaneous Services industry, which is part of the Computer and Technology sector [6] - This industry currently holds a Zacks Industry Rank of 88, placing it in the top 36% of over 250 industries, suggesting a relatively strong performance compared to others [6]