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Group Bernaerts & Blink Charging Team Up to Expand EV Infrastructure in Antwerp and Mechelen
Globenewswire· 2025-07-21 12:30
Core Insights - Blink Charging Co. is collaborating with Group Bernaerts to enhance sustainability goals by increasing the number of EV charging stations in Belgium, aiming for at least 176 active Blink chargers by the end of 2025 [1] - Group Bernaerts currently operates 88 Blink charging stations, with plans to double this number by the end of the year, expanding both underground and above-ground charging infrastructure [2] - The partnership addresses the growing demand for EV charging solutions from office tenants, with Blink providing comprehensive management and support for the installation and operation of charging stations [4] Company Overview - Blink Charging Co. is a global leader in EV charging equipment and services, facilitating the transition to electric transportation through innovative solutions, including a proprietary cloud-based network for managing charging stations [5] - Group Bernaerts is involved in the development, construction, rental, and sale of commercial real estate in the Antwerp and Mechelen regions, managing approximately 210,000 m² of office and logistics space [5]
Allied Energy Corporation (OTC: AGYP) Signs Strategic MOU with Green Rain Energy Holdings (OTC: GREH) to Convert Stranded Gas into Power for Texas-Based EV Charging Infrastructure
Prism Media Wire· 2025-07-17 13:14
Allied Energy Corporation (OTC: AGYP) Signs Strategic MOU with Green Rain Energy Holdings (OTC: GREH) to Convert Stranded Gas into Power for Texas-Based EV Charging Infrastructure Allied Energy Corporation (OTC: AGYP) has signed a strategic Memorandum of Understanding (MOU) with Green Rain Energy Holdings Inc. (OTC: GREH) to supply natural gas for powering EV charging stations across Texas, transforming stranded and underutilized gas resources into sustainable energy for high-speed electric vehicle infrast ...
Beam Global and Platinum Group Leadership Attend Formal Signing Ceremony in Abu Dhabi to Create Beam Middle East LLC
GlobeNewswire News Room· 2025-07-17 10:00
SAN DIEGO, July 17, 2025 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that management from Beam Global, Beam Europe and the Platinum Group LLC, performed the official signing ceremony creating Beam Middle East in the Emirate of Abu Dhabi, United Arab Emirates (UAE). As previously reported, Beam Global and the Platinum Group will form a new entity, Beam ...
Liberty Plugins and Wallbox Unveil Liberty CodeConnect™ Wallbox Chargers, the Lowest-Cost Solution for Simple EV Charge Station Management
GlobeNewswire News Room· 2025-07-15 13:36
Core Insights - Liberty Plugins, Inc. has launched the Liberty CodeConnect™ Wallbox Charger in partnership with Wallbox, combining EV charging hardware with advanced encryption technology [1][3] - The charger is designed to provide essential management features such as access control and payment without requiring an internet connection, making it suitable for various locations [2][4] - The product is available in two variants (40A and 48A) at a competitive price of $1,495 per unit, with a subscription fee of $9/month, and a promotional discount available until August 15th [2][6] Company Overview - Liberty Plugins has been a pioneer in the EV charging industry since 2009, known for its innovative charge station management solutions [5][9] - The company has developed a range of products, including the Hydra™ Charge Station Management System and the Liberty Access Platform, establishing a reputation for affordable and accessible charging solutions [5][9] - Liberty has installed over 3,500 customer-owned Level-2 charging ports across North America, demonstrating its commitment to simplifying electric vehicle charging [9] Product Features - The Liberty CodeConnect Wallbox Charger offers a user-friendly interface and meets the latest safety and compliance standards, making it accessible to markets previously hindered by high costs and connectivity issues [3][4] - Key features include no hidden charges, simple access management, and no need for network or gateway setup, allowing for easy deployment and reduced installation costs [7][4] - The charger enables managed EV charging in remote areas and secure sites without increasing exposure to cyber threats, providing a reliable solution for cost-sensitive businesses and organizations [4][3]
Tritium Advances Industry Standards with Breakthrough Next-Gen Power Modules and Lifetime Warranty - Calls on Industryto Adopt New Reliability Standard
GlobeNewswire News Room· 2025-07-15 12:05
Lebanon, TN, July 15, 2025 (GLOBE NEWSWIRE) -- Tritium, a pioneer in DC fast charging technology with over a decade of industry expertise, today announced the launch of its next-generation power modules for TRI-FLEX alongside an industry-leading lifetime warranty on power modules for its entire product line including RTM, PKM, and TRI-FLEX DC fast chargers. This technological milestone represents the culmination of significant R&D investment since joining the Exicom family and establishes a new industry sta ...
Orion's FY'25 Gross Margin Increased to 25.4% (+230 bps) on Revenue of $79.7M; Expects 5% Revenue Growth and Improved Bottom Line Performance in FY'26; Call Today at 10am ET
GlobeNewswire News Room· 2025-06-26 10:59
Core Viewpoint - Orion Energy Systems, Inc. reported a decline in revenue for FY'25 but anticipates a modest growth of 5% in FY'26, projecting approximately $84 million in revenue, driven by improvements in operating costs and gross profit margins [1][3][10]. Financial Performance - Q4'25 total revenue was $20.9 million, down 21% from $26.4 million in Q4'24, with LED lighting revenue decreasing by 33% to $10.9 million [2][12]. - FY'25 total revenue was $79.7 million, a 12% decrease from $90.6 million in FY'24, primarily due to lower LED lighting and maintenance revenue, partially offset by a 37% increase in EV charging revenue [2][3]. - Gross profit for Q4'25 was $5.7 million, with a gross profit margin of 27.5%, an increase of 170 basis points from Q4'24 [2][12]. - The company reported a net loss of $2.9 million in Q4'25, compared to a net income of $1.6 million in Q4'24, and a FY'25 net loss of $11.8 million, consistent with the previous fiscal year [2][15]. Segment Performance - LED lighting revenue for Q4'25 was $10.9 million, down from $16.3 million in Q4'24, and FY'25 LED lighting revenue totaled $47.7 million, down from $61.1 million in FY'24 [2][12]. - EV charging revenue increased to $5.8 million in Q4'25, up 18% from $4.9 million in Q4'24, with FY'25 revenue reaching $16.8 million, a 37% increase from $12.3 million in FY'24 [2][12]. - Maintenance services revenue was $4.1 million in Q4'25, down from $5.2 million in Q4'24, with FY'25 maintenance revenue totaling $15.2 million, down from $17.1 million in FY'24 [2][12]. Strategic Initiatives - The company has implemented business process improvements to reduce operating expenses and enhance profit margins, lowering the annual adjusted EBITDA breakeven point to $78 million - $85 million from $105 million - $115 million [3][4]. - Orion plans to further reduce overhead by $1.5 million in FY'26 through targeted expense reductions and cost-saving initiatives [3][6]. - The company has restructured into two Commercial Business Units (CBUs) to better align with customer needs and enhance revenue visibility [8][9]. Outlook - Orion's initial FY'26 outlook anticipates revenue growth of approximately $84 million, with expectations of approaching or achieving positive adjusted EBITDA for the full fiscal year [1][10]. - The company has secured strong bookings in late Q4'25, with new LED lighting engagements having a five-year revenue potential of $100 million to $200 million [3][5].
Orion(OESX) - 2025 Q3 - Earnings Call Presentation
2025-06-25 11:09
Overview ORION ENERGY SYSTEMS, INC. LED Lighting & Controls Lighting Maintenance EV Charging orionlighting.com | 1.800.660.9340 | | 1 NASDAQ: OESX FEBRUARY 2025 SAFE HARBOR Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements will include words such as ...
Where Will ChargePoint Stock Be in 1 Year?
The Motley Fool· 2025-06-08 22:14
Core Viewpoint - ChargePoint, a leader in electric vehicle (EV) charging stations, appears undervalued relative to its growth potential despite recent mixed earnings results [1]. Financial Performance - For Q1 fiscal 2026, ChargePoint reported a revenue decline of 9% year over year to $97.6 million, missing analysts' expectations by $2.9 million [2]. - The company narrowed its net loss from $71.8 million to $57.1 million, equating to a loss of $0.12 per share, which was slightly better than consensus forecasts [2]. - Revenue figures over the past fiscal years show significant fluctuations: FY 2022 at $242 million, FY 2023 at $468 million, FY 2024 at $507 million, FY 2025 at $417 million, and Q1 2026 at $98 million [10]. Market Position and Strategy - ChargePoint ended Q1 with over 352,000 charging ports, including more than 35,000 DC fast chargers, and has partnerships providing access to over 1.25 million charging ports globally [5]. - The company differentiates itself by selling connected charging stations to residential and commercial properties, offering network access, billing, and customer support, unlike Tesla's Superchargers [6]. Growth Trends - ChargePoint experienced rapid growth in FY 2022 and FY 2023, but growth stalled in FY 2024 and FY 2025 due to rising interest rates affecting the EV market [7]. - Despite revenue declines, adjusted gross, operating, and adjusted EBITDA margins improved in FY 2025 and continued to expand in Q1 2026 [8]. Future Outlook - ChargePoint anticipates Q2 fiscal 2026 revenue between $90 million and $100 million, representing an 8% to 17% decline from the previous year [11]. - Analysts expect nearly flat revenue for the full year, with a potential improvement in the second half as the macroenvironment stabilizes [12]. - For fiscal 2027, analysts project a revenue increase of 29% to $537 million, with a negative adjusted EBITDA of $16 million, and for fiscal 2028, a revenue growth of 33% to $713 million with a positive adjusted EBITDA of $67 million [14]. Investment Potential - ChargePoint's current enterprise value of $465 million suggests it is undervalued at just over 1 times this year's sales [15]. - If the company meets analysts' expectations and trades at 2 times its forward sales by the beginning of fiscal 2027, its stock price could potentially increase by over 130% in the next 12 months [15].
ChargePoint(CHPT) - 2026 Q1 - Earnings Call Transcript
2025-06-04 21:32
ChargePoint (CHPT) Q1 2026 Earnings Call June 04, 2025 04:30 PM ET Company Participants John Paolo Canton - Vice President, CommunicationsRick Wilmer - President, CEO & DirectorMansi Khetani - Chief Financial OfficerColin Rusch - Managing Director - Head of Sustainable Growth & Resource Optimization Research Operator Ladies and gentlemen, good afternoon. My name is Kate, and I'll be your conference operator for today. At this time, I would like to welcome everyone to the ChargePoint First Quarter Fiscal twe ...
ChargePoint(CHPT) - 2026 Q1 - Earnings Call Transcript
2025-06-04 21:30
Financial Data and Key Metrics Changes - Revenue for Q1 fiscal 2026 was $98 million, within guidance range [6][21] - Non-GAAP gross margin increased to 31%, up 1 percentage point sequentially and 7 percentage points year-over-year [7][23] - Non-GAAP adjusted EBITDA loss was $23 million, compared to a loss of $17 million in the prior quarter and a loss of $36 million in the same quarter last year [25] Business Line Data and Key Metrics Changes - Network charging systems revenue was $52 million, accounting for 53% of total revenue, nearly flat sequentially but down 20% year-over-year [21] - Subscription revenue was $38 million, representing 39% of total revenue, flat sequentially and up 14% year-over-year [21] - Other revenue was $8 million, down 31% sequentially and down 8% year-over-year [22] Market Data and Key Metrics Changes - North America accounted for 85% of revenue, while Europe made up 15%, with European revenue impacted by weakness in Germany [23] - EV sales in North America increased by 16% year-over-year for Q1, while Europe saw a 22% increase [11][12] Company Strategy and Development Direction - The company is focused on delivering innovation and driving growth, with a goal of achieving positive non-GAAP adjusted EBITDA in a quarter during fiscal 2026 [6][19] - A new partnership with Eaton aims to provide integrated EV charging and power management solutions, enhancing market presence and driving incremental revenue growth [15][17] - The introduction of a new AC hardware architecture is expected to expand market share and improve margins [18][20] Management's Comments on Operating Environment and Future Outlook - Management noted that macroeconomic conditions and tariff uncertainties are causing some customers to be conservative with spending [30] - Despite challenges, the company expects revenue upside later in the year from new product introductions and improved performance in Europe [28] - The company anticipates gradual inventory reduction throughout the year, helping to free up cash [26] Other Important Information - The company ended the quarter with $196 million in cash and has access to a $150 million revolving credit facility [26] - The partnership with Eaton is expected to enhance the company's capabilities in new geographies and markets [34] Q&A Session Summary Question: Can you discuss the pipeline of activity and return to growth with the Eaton partnership? - Management acknowledged various factors affecting growth, including macroeconomic conditions and customer spending conservatism, but expressed optimism about the Eaton partnership driving incremental growth [30][31] Question: Can Eaton help with international expansion beyond Europe? - Management confirmed that while the focus is currently on North America and Europe, there is potential for future expansion into new geographies with Eaton's capabilities [34] Question: What is the expected cadence of inventory reduction? - Management indicated a gradual reduction in inventory is expected, with more significant reductions anticipated in the second half of the year as revenue grows [36]