As filed with the Securities and Exchange Commission on November 7, 2025 Registration No. 333-290989 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 BLINK CHARGING CO. (Exact name of registrant as specified in its charter) (State or other jurisdiction of Nevada 3790 03-0608147 Michael C. Battaglia President and Chief Executive Officer Blink Charging Co. 5081 Howerton Way, Suite A Bowie, Maryland 20715 ...

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]

Financial Performance - Total revenue reached $27.0 million, representing a 7.3% year-over-year decrease compared to $35.187 million in Q3 2024 [32] - Service revenue increased by 35.5% year-over-year, reaching $11.863 million in Q3 2025 compared to $8.754 million in Q3 2024 [32] - Gross profit increased by 6.0% to $9.666 million in Q3 2025 from $9.119 million in Q3 2024 [32] - Gross margin was 35.8% in Q3 2025, with product gross margin at 39%, a ~700 bps year-over-year increase [18] - Adjusted EBITDA improved by 36.7% to -$8.867 million in Q3 2025, compared to -$14.017 million in Q3 2024 [32] Operational Highlights - Cash burn reduced by 87% to $2.2 million in Q3 2025 [11] - Operating expenses decreased by 89.9% to $9.871 million in Q3 2025 from $97.345 million in Q3 2024 [32] - Network fees grew by 36% year-over-year [22] - Charging revenue from US Blink owned DC chargers grew by 339% year-over-year [22] - The company improved working capital by $5 million in Q3 2025 [10]

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]

Core Insights - Blink Charging Co. reported a total revenue of $27.0 million for Q3 2025, reflecting a 7.3% year-over-year increase, driven by a significant growth in service revenues [9][11][19] - The company achieved a gross margin of 35.8% in Q3 2025, slightly down from 36.2% in Q3 2024, while service revenues grew by 35.5% year-over-year to $11.9 million [3][13][19] - Blink is transitioning to contract manufacturing as part of its BlinkForward strategy, aiming to enhance operational efficiency and reduce costs [4][5][6] Financial Performance - Total revenues for the first three quarters of 2025 were reported at $76.5 million, down from $96.0 million in the same period of 2024 [9][10] - Product revenues in Q3 2025 were $13.0 million, a decrease from $13.4 million in Q3 2024, while service revenues for the first three quarters of 2025 reached $34.2 million, up 36.9% from $25.0 million in 2024 [10][12] - Operating expenses in Q3 2025 were reduced by 26% year-over-year, totaling $9.9 million, compared to $97.3 million in Q3 2024 [16][17][18] Strategic Initiatives - The company has initiated a transition to contract manufacturing to focus on core strengths and improve scalability, while maintaining control over hardware and firmware design [4][5][6] - Blink's management has eliminated approximately $13 million in annualized operating expenses, exceeding initial expectations set by the BlinkForward initiative [7] - The company is on track to launch its Shasta L2 Charger and integrate crypto payment options by year-end [4][6] Outlook - Blink expects continued sequential revenue growth in the second half of 2025, with positive trends anticipated to carry into Q4 [8] - The company is focused on aligning expenditures with strategic priorities to ensure sustainable, long-term growth [7][8]

Core Insights - Blink Charging Co. is transitioning to contract manufacturing for its EV charging hardware to enhance operational efficiency and scalability [1][2] - This strategic shift is part of the BlinkForward initiative aimed at driving profitability and focusing on innovation and service expansion [2][3] - The company retains full ownership of its intellectual property and oversees all product design, quality assurance, and technology integration [3] Production Model Transition - The transition to contract manufacturing is expected to be completed by early 2026, positioning the company for the next phase of EV charging innovation [4] - Blink is collaborating with multiple manufacturing partners in the United States and India to ensure geographic diversification and supply-chain resilience [3] Company Overview - Blink Charging is a global leader in EV charging equipment and services, providing innovative solutions for drivers, hosts, and fleets [4] - The company's product offerings include the Blink Network, EV charging equipment, and associated services, utilizing proprietary cloud-based software for operation and maintenance [4]