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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) | --- | --- | --- | |-------------- ...
Blink(BLNK) - 2022 Q1 - Earnings Call Transcript
2022-05-09 22:34
Blink Charging Co. (NASDAQ:BLNK) Q1 2022 Earnings Conference Call May 9, 2022 4:30 PM ET Company Participants Jennifer Belodeau - Investor Relations Michael Farkas - Chairman & Chief Executive Officer Brendan Jones - President Michael Rama - Chief Financial Officer Conference Call Participants Stephen Gengaro - Stifel Will Jellison - D.A. Davidson Sameer Joshi - H.C. Wainwright Oliver Huang - Tudor, Pickering, Holt Noel Parks - Tuohy Brothers Operator Good afternoon, ladies and gentlemen and welcome to toda ...
Blink(BLNK) - 2022 Q1 - Quarterly Report
2022-05-09 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(BLNK) - 2021 Q4 - Annual Report
2022-03-15 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 605 Lincoln Road, 5th Floor Miami Beach, Florida 33139 (Address of principal executive offices) (Zip Code) 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-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 O ...
Blink(BLNK) - 2021 Q4 - Earnings Call Transcript
2022-03-10 23:31
Blink Charging Co. (NASDAQ:BLNK) Q4 2021 Earnings Conference Call March 10, 2022 4:30 PM ET Company Participants John Nesbett - Investor Relations Michael Farkas - Chairman & Chief Executive Officer Brendan Jones - President Michael Rama - Chief Financial Officer Conference Call Participants Matt Somerville - D.A. Davidson Gabe Daoud - Cowen Sameer Joshi - H.C. Wainwright Stephen Gengaro - Stifle Vikram Bagri - Needham Noel Parks - Tuohy Brothers Operator Good afternoon ladies and gentlemen and welcome to t ...
Blink(BLNK) - 2021 Q3 - Earnings Call Transcript
2021-11-12 02:50
Blink Charging Co. (NASDAQ:BLNK) Q3 Earnings Conference Call November 11, 2021 4:30 PM ET Company Participants Michael Farkas – Chairman and Chief Executive Officer Aly Bonilla – Vice President of Investor Relations Brendan Jones – President Michael Rama – Chief Financial Officer Conference Call Participants William Jellison – D.A. Davidson Craig Irwin – ROTH Capital Partners Sameer Joshi – Wainwright Gabe Daoud – Cowen Stephen Gengaro – Stifle Noel Parks – Tuohy Brothers Operator Good day, ladies and gentl ...
Blink(BLNK) - 2021 Q3 - Quarterly Report
2021-11-11 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(BLNK) - 2021 Q2 - Quarterly Report
2021-08-12 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.) 605 Lincoln Road, 5th Floor Miami Beach, Florida 33139-3024 (Address of principal executive offices) (Zip Code) 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 ☒ QUARTER ...