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Blink(BLNK) - 2022 Q4 - Earnings Call Transcript
2023-03-01 03:42
Blink Charging Co. (NASDAQ:BLNK) Q4 2022 Earnings Conference Call February 28, 2023 4:30 PM ET Company Participants Vitale Stelea - VP, IR Michael Farkas - Chairman & CEO Brendan Jones - President Michael Rama - CFO Conference Call Participants Will Jellison - D.A. Davidson Craig Irwin - ROTH Capital Partners, LLC Sameer Joshi - H.C. Wainwright Chris Souther - B. Riley FBR Operator Greetings and welcome to the Blink Charging Company Fourth Quarter and Year-end 2022 Earnings Call. At this time, all participa ...
Blink(BLNK) - 2022 Q4 - Earnings Call Presentation
2023-02-28 23:24
blik February 28, 2023 Blink Charging Sales Presentation @ 2023 Blink Charging Co. All Rights Reserved. SAFE HARBOR STATEMENT 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 assumplions nd are subject to risks and uncertainties. Such statements include, but are no ...
Blink Charging Co. (BLNK) Presents at Citi's 2023 Global Industrial Tech and Mobility Conference (Transcript)
2023-02-26 02:01
Blink Charging Co. (NASDAQ:BLNK) Citi’s 2023 Global Industrial Tech and Mobility Conference February 23, 2023 10:30 AM ET Company Participants Brendan Jones - President Conference Call Participants Itay Michaeli - Citi Itay Michaeli Good morning, everybody. We're ready to kick off our next session. I'm Itay Michaeli, Citi's auto and mobility analyst. And very pleased to have for the first time with us at the conference, Blink Charging, as we get into the topic of EV charging today. Very pleased to have Bren ...
Blink Charging Co. (BLNK) 25th Annual Needham Growth Conference (Transcript)
2023-01-12 22:07
Blink Charging Co. Conference Call Summary Company Overview - **Company**: Blink Charging Co. (NASDAQ: BLNK) - **Industry**: Electric Vehicle (EV) Infrastructure - **Key Participants**: Brendan Jones (President), Chris Pierce (Needham Research) Core Points and Arguments Business Model and Offerings - Blink Charging is a full-service EV infrastructure company providing a range of options including equipment sales, network services, and owner-operator solutions [3][4] - The company is described as the only fully vertically-integrated player in the industry, controlling design, manufacturing, sales, and operation of its equipment [3] - Blink offers four ownership models: owner-operated, Blink-owned, hybrid-owned, and Blink-as-a-service, allowing flexibility to meet diverse customer needs [5][6][8] Product Development and Market Position - Recently announced five new products at CES, including DC fast charging and home charging solutions [4] - The company has a bias towards the owner-operator model due to its preference for product revenue, which currently constitutes the majority of its income [12] - Blink is expanding its manufacturing footprint in India and the U.S. to control costs and improve margins [13][66] Market Dynamics and Competition - The company anticipates hyper-commoditization in the L2 market, leading to suppressed margins, and aims to offset this through the owner-operator model [12][17] - Blink has won approximately $27 million in grants and RFPs over the past two years, primarily for DC fast chargers under the owner-operator model [24] - The company is actively involved in M&A, acquiring companies like SemaConnect to expand its market share and integrate technology [30][31] Charging Infrastructure Insights - Blink emphasizes the importance of L2 charging, predicting that 90% of global charging will be L2, while only 10% will be DC fast charging [26] - The company recognizes the need for a robust charging infrastructure to alleviate range anxiety among consumers, especially as more EVs enter the market [39][40] Future Outlook - Blink aims to keep pace with industry growth, targeting a sustainable business model that balances sales and owner-operator opportunities [75][77] - The company is focused on expanding its presence in both the U.S. and European markets, adapting its strategies to local conditions [33][36] Additional Important Insights - Blink's home charging solutions are sold through major retailers like Amazon and Best Buy, with a focus on connectivity and energy management features [10][44] - The company is addressing the issue of charger reliability, noting that many failures are due to credit card reader issues rather than mechanical failures [61][62] - Blink's manufacturing capabilities in Bowie, Maryland, are being expanded to meet growing demand and comply with U.S. manufacturing standards [66][67] Conclusion - Blink Charging Co. is positioned as a leader in the EV infrastructure market with a comprehensive range of products and flexible business models. The company is actively expanding its operations and adapting to market dynamics while focusing on sustainable growth and technological integration.
Blink(BLNK) - 2022 Q3 - Earnings Call Transcript
2022-11-09 00:45
Blink Charging Co. (NASDAQ:BLNK) Q3 2022 Earnings Conference Call November 8, 2022 4:30 PM ET Company Participants Vitale Stelea - VP, IR Michael Farkas - Chairman & CEO Brendan Jones - President Michael Rama - CFO Conference Call Participants Stephen Gengaro - Stifel Matt Summerville - D.A. Davidson Chris Souther - B. Riley FBR Sameer Joshi - H.C. Wainwright Operator Good afternoon, and welcome to Blink Charging’s Third Quarter 2022 Earnings Conference Call. All participants are in listen-only mode, there ...
Blink(BLNK) - 2022 Q3 - Quarterly Report
2022-11-08 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Nevada 03-0608147 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock BLNK The NASDAQ Stock Market LLC Common Stock Purchase Warrants BLNKW The NASDAQ Stock Market LLC FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended ...
Blink Charging Co. (BLNK) Presents at H.C. Wainwright 24th Annual Global Investment Conference (Transcript)
2022-09-12 17:03
Blink Charging Co. (NASDAQ:BLNK) H.C. Wainwright 24th Annual Global Investment Conference September 12, 2022 10:00 AM ET Company Participants Michael Farkas - Chairman and Chief Executive Officer Unidentified Analyst Good morning and thank you for joining H.C. Wainwright's 24th Annual Investment Conference. My name is [Mason] [Ph], part of the Investment Banking team at H.C. Wainwright. It's my pleasure to introduce Michael and Vitalie from Blink Charging. Michael Farkas Good morning, everybody. Thank you f ...
Blink Charging Co. (BLNK) CEO Michael Farkas Presents at Barclays 2022 CEO Energy-Power Conference - (Transcript)
2022-09-07 19:24
Financial Data and Key Metrics Changes - Blink Charging has deployed approximately 51,000 charging stations and has around 420,000 EV charging members, indicating significant growth in its user base and infrastructure [2][5] - The company has completed the acquisition of SemaConnect, adding over 12,800 chargers and 150,000 registered members to its portfolio, which enhances its market presence [5][6] Business Line Data and Key Metrics Changes - Blink Charging operates a fully vertically integrated model, designing, manufacturing, and operating its charging stations, which differentiates it from competitors [3][10] - The company has launched several new products, including the MQ 200 for fleet markets and the Vision IQ charging station, which offers both AC and DC options, aimed at increasing revenue streams [7][8] Market Data and Key Metrics Changes - The global demand for charging stations is projected to grow from a few million to between 400 million and 450 million by 2040, highlighting the vast market potential for EV infrastructure [9][45] - The U.S. government is providing substantial subsidies for EV charging infrastructure, totaling $7.5 billion, which significantly supports Blink's business model [10] Company Strategy and Development Direction - Blink Charging focuses on growth through acquisitions and organic development, with a strategy to integrate acquired companies into its existing operations to enhance efficiency and market reach [5][6] - The company emphasizes the importance of owning and operating charging stations as a sustainable business model, contrasting with competitors that primarily sell hardware [15][37] Management's Comments on Operating Environment and Future Outlook - Management believes that the commoditization of hardware is beneficial, as it reduces costs and allows for a focus on the long-term profitability of fuel sales [14][37] - The company is optimistic about its growth trajectory, citing increasing utilization rates of charging stations in line with the rising adoption of EVs [20][37] Other Important Information - Blink Charging's competitive advantage lies in its comprehensive service offerings and the ability to adapt quickly to market needs due to its integrated approach [10][35] - The company has received validation from major automotive manufacturers, such as Audi, which selected Blink as a hardware vendor for its dealerships, indicating strong market credibility [30][31] Q&A Session Summary Question: Why pursue the owner-operator model despite its capital intensity? - Management explained that the owner-operator model allows for long-term profitability and stability, with a payback period of less than two years for turnkey solutions at a 10% utilization rate [19][37] Question: What is the breakeven period for an owner-operated install? - The breakeven period is less than two years for turnkey solutions and less than one year for hybrid models, based on a 10% utilization rate [19][20] Question: How does Blink Charging differentiate its pricing strategy? - The company currently charges based on electricity costs and plans to implement location-based pricing as utilization increases, similar to gas stations [21][22] Question: What synergies are expected from the SemaConnect acquisition? - Expected synergies include reduced costs per unit due to in-house manufacturing and improved operational efficiencies from integrating management teams [24][25] Question: How does Blink Charging view the future of AC vs. DC charging? - Management believes that the majority of charging will occur through AC charging, with only a small percentage being DC, as most users will charge at home or overnight [44][45]
Blink(BLNK) - 2022 Q2 - Earnings Call Transcript
2022-08-08 22:28
Blink Charging Co. (NASDAQ:BLNK) Q2 2022 Earnings Conference Call August 8, 2022 4:30 PM ET Company Participants Vitale Stelea - Vice President, Investor Relations Michael Farkas - Chairman & Chief Executive Officer Brendan Jones - President Michael Rama - Chief Financial Officer Conference Call Participants Matt Summerville - D.A. Davidson Stephen Gengaro - Stifel Chris Souther - B. Riley Oliver Huang - Tudor, Pickering, Holt Sameer Joshi - H.C. Wainwright Operator Good afternoon, and welcome to Blink Char ...
Blink(BLNK) - 2022 Q2 - Quarterly Report
2022-08-08 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File No. 001-38392 BLINK CHARGING CO. (Exact name of registrant as specified in its charter) | --- | --- | --- | |-------------- ...