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Blink Charging (BLNK) Increases Despite Market Slip: Here's What You Need to Know
ZACKS· 2025-05-06 23:15
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]
Blink Charging (BLNK) Stock Drops Despite Market Gains: Important Facts to Note
ZACKS· 2025-04-30 23:20
Company Performance - Blink Charging's stock closed at $0.73, reflecting a -1.8% change from the previous trading day's closing, underperforming compared to the S&P 500's 0.15% gain [1] - Over the past month, Blink Charging's shares have decreased by 20.8%, while the Computer and Technology sector gained 1.15% and the S&P 500 lost 0.21% [1] Earnings Forecast - The upcoming earnings report for Blink Charging is expected to show an EPS of -$0.14, which is a 7.69% decline from the same quarter last year [2] - Revenue is projected to be $27.01 million, indicating a 28.1% decrease compared to the same quarter of the previous year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are estimated at -$0.48 per share and revenue at $130.77 million, reflecting changes of +21.31% and +3.62% respectively from the previous year [3] Analyst Projections - Recent shifts in analyst projections for Blink Charging are important as they reflect near-term business trends, with positive revisions indicating analysts' confidence in the company's performance [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks Blink Charging at 3 (Hold), with no changes in the consensus EPS projection over the past 30 days [6] Industry Context - Blink Charging operates within the Electronics - Miscellaneous Services industry, which is part of the Computer and Technology sector, currently holding a Zacks Industry Rank of 15, placing it in the top 7% of all industries [7]
Blink Charging to Host First Quarter Conference Call on Monday, May 12, 2025
Globenewswire· 2025-04-30 14:30
Core Viewpoint - Blink Charging Co. is set to announce its first quarter results for 2025 on May 12, 2025, and will host a conference call to discuss these results [1]. Company Overview - Blink Charging Co. is a leading global manufacturer, owner, operator, and provider of electric vehicle (EV) charging equipment and services [1]. - The company offers a range of products and services, including the Blink EV charging network, EV charging equipment, and related services [4]. - Blink's network utilizes proprietary, cloud-based software to operate, maintain, and track EV charging stations and associated data [4]. - The company has established strategic collaborations for EV charging adoption across various locations, including parking facilities, multifamily residences, workplaces, healthcare facilities, schools, airports, and more [4]. Upcoming Events - The conference call to discuss the first quarter results will take place on May 12, 2025, at 4:30 p.m. Eastern Time [1]. - Investors can access the live webcast through the Blink Charging website or by phone [2]. - A replay of the teleconference will be available until June 11, 2025 [3].
Blink Charging and Create Energy Launch Industry-First Turnkey Energy Storage Solution for On-Demand Grid Resiliency
Globenewswire· 2025-04-29 19:46
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].
Blink Charging Teams with Eco-Movement to Enhance EV Driver Experience
Newsfilter· 2025-04-15 13:00
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]
Blink Charging Co. Regains Compliance with Nasdaq Periodic Filing Requirement
Newsfilter· 2025-04-11 13:00
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]
Here's Why Blink Charging (BLNK) Gained But Lagged the Market Today
ZACKS· 2025-04-09 23:16
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]
Blink Charging Co. Announces Filing of Form 10-K for 2024
Globenewswire· 2025-04-09 18:03
Core Viewpoint - Blink Charging Co. has filed its Form 10-K for the year ended December 31, 2024, with the SEC, indicating no changes to previously reported financial results and aiming to regain NASDAQ compliance [1][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 charging solutions [3]. - The company's primary offerings include the Blink Network, EV charging equipment, and EV charging services, utilizing proprietary cloud-based software for operation and maintenance [3]. - Blink has established strategic collaborations for EV charging adoption across various locations, including parking facilities, multifamily residences, workplaces, healthcare facilities, schools, airports, and more [3].
Envoy Technologies Launches Next-Gen EV Car-Sharing at 210 South 12th in Philadelphia
Newsfilter· 2025-04-09 13:00
Core Insights - Envoy Technologies Inc. has launched a new electric vehicle car-sharing service at 210 South 12th, a luxury high-rise in Philadelphia, marking a significant step in the company's expansion and urban living standards [1][5] - The collaboration with 210 South 12th enhances the property's appeal by providing exclusive access to Envoy's EV-sharing service, including the first Cadillac LYRIQs in the Philadelphia fleet [2][5] - The integration of a fully automated parking garage, the largest in the country and first in Philadelphia, aligns with Envoy's commitment to innovative and sustainable transportation solutions [3][4] Company Overview - Envoy is a leading provider of electric vehicle fleet technology and EV-sharing services, headquartered in Culver City, California, focusing on private property amenities [7] - The company aims to reduce parking demand and individual car ownership while enhancing mobility as part of residents' lifestyles [7] - Envoy's services are designed to enrich the living experience in high-end residential properties, aligning with urban development goals [7] Market Position - The launch at 210 South 12th strengthens Envoy's presence in the Philadelphia luxury market and demonstrates its ability to integrate with advanced residential technologies [5] - This collaboration opens opportunities for potential expansion into other metropolitan areas with similar high-end properties [5] - Property managers are encouraged to consider Envoy's services to enhance their offerings and attract residents [5]
Blink(BLNK) - 2024 Q4 - Annual Report
2025-04-08 23:55
Business Operations and Growth - As of December 31, 2024, Blink Charging Co. contracted, sold, or deployed a total of 109,596 chargers, with 87,500 on Blink Networks, including 61,625 Level 2 commercial chargers and 1,392 DCFC commercial chargers[38]. - In 2024, Blink entered into agreements with significant new customers, including the City of South Lake Tahoe and the City of Fresno, expanding potential unit sales and deployments[35]. - Blink's EV charging solutions include a variety of products such as Level 2 chargers, DC Fast Charging equipment, and mobile chargers, catering to both commercial and residential markets[48]. - Blink expanded its presence through acquisitions of SemaConnect and Electric Blue, establishing new offices and manufacturing facilities in the U.S. and internationally[37]. - Blink's business models include turnkey and hybrid solutions, allowing for recurring revenue and shared EV charging revenues with Property Partners[36]. - The company aims to enhance customer satisfaction by optimizing charger uptime and expanding EV charging infrastructure in high-demand areas[53]. - The company plans to continue investing significantly in technology upgrades to maintain competitiveness in the rapidly changing EV market[119]. - Future growth strategies include seeking acquisition opportunities to expand market presence and product offerings[121][122]. Financial Performance - The company incurred net losses of approximately $198.1 million, $203.7 million, and $91.6 million for the years ended December 31, 2024, 2023, and 2022, respectively, with an accumulated deficit of approximately $736 million as of December 31, 2024[92]. - Total revenue for the year ended December 31, 2024, was $126,197, a decrease of $14,401 or 10% compared to $140,598 for the year ended December 31, 2023[216]. - Revenue from product sales was $81,703 for the year ended December 31, 2024, down $27,713 or 25% from $109,416 in 2023, attributed to decreased unit sales and product mix[217]. - Charging service revenue increased by $5,799 or 37%, reaching $21,445 in 2024 compared to $15,646 in 2023[216]. - Warranty revenue saw a significant increase of $3,169 or 97%, totaling $6,427 in 2024 compared to $3,258 in 2023[216]. - The Blink-owned turnkey business model allows the company to retain substantially all EV charging revenues after deducting network connectivity and processing fees[204]. Market and Industry Trends - The U.S. EV market saw a 15.2% increase in electric vehicle sales in Q4 2024, reaching a record of 365,824 units sold[40]. - By the end of 2024, auto manufacturers announced $197.6 billion in investments in U.S. EV battery manufacturing facilities, supporting over 50,000 jobs[41]. - Used EV sales grew 61.3% nationally in November 2024, indicating a rising demand for public and on-site commercial charging solutions[42]. - The company’s growth is highly dependent on consumer adoption of electric vehicles (EVs), which is still in its early stages[96]. - The company operates in a highly competitive EV charging services industry, facing significant competition from larger firms with greater financial resources[129]. - The company anticipates intensified competition as the market for EV charging stations expands, which may force it to agree to lower payment terms in contracts[130]. Risks and Challenges - The company may need additional capital to fund its growing operations, and there is no assurance that sufficient capital will be available[94]. - The company faces risks related to global supply chain disruptions, including chip shortages, which may affect future operations[101]. - The company is exposed to geopolitical tensions that may disrupt supply chains and impact financial results[103]. - The company relies on a limited number of vendors for EV charging equipment, increasing risks associated with supply chain disruptions[106]. - Climate change poses long-term risks to operations, particularly in vulnerable locations like Bowie, Maryland, and Los Angeles, California[112]. - The company faces risks related to the integration of acquired businesses, which may include undiscovered liabilities and operational challenges[122][124]. - Cyberattacks or data breaches pose a risk to the company's sensitive information and could negatively impact financial results[139]. - Changes in federal, state, or international laws could erode the company's competitive strengths and lead to increased compliance costs[141]. - Environmental laws and regulations may result in increased compliance costs and operational restrictions, adversely impacting financial results[148]. Compliance and Legal Matters - The company is subject to various environmental regulations, including the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), which may impose joint and several liabilities for hazardous substance releases[79]. - The company relies on a combination of patent, trademark, copyright, and trade secret laws to protect its proprietary rights, particularly related to EV charging station designs[83][84]. - The company has been involved in various legal proceedings, including a securities class action lawsuit that was settled for $3.75 million, covered by insurance[184]. - The company received a subpoena from the SEC in July 2023, but the investigation concluded without recommending enforcement action[188]. - The company has identified material weaknesses in its internal controls over financial reporting as of December 31, 2024, which could lead to misstatements in financial statements[153]. Stock and Shareholder Information - The company reported a significant fluctuation in its common stock price during 2024, ranging from a low of $1.39 to a high of $3.70 per share, and from a low of $0.83 to a high of $1.68 per share in 2025[157]. - The company must maintain a minimum closing bid price of $1.00 per share to satisfy Nasdaq listing standards, with a compliance period of 180 days if this requirement is not met[171]. - The common stock has closed below the $1.00 bid requirement for Nasdaq on multiple trading days in late February and early March 2025, which may lead to delisting risks[172]. - The company has never declared or paid cash dividends on its common stock and intends to retain all available funds for business operations[196]. - The company has the authority to issue additional shares of common and preferred stock without stockholder approval, which could dilute existing shareholders' ownership[164].