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Blink (BLNK) Wins Sourcewell Contract to Supply EV Chargers Nationwide
Yahoo Finance· 2025-12-04 04:29
Core Insights - Blink Charging Co. has been awarded a contract through Sourcewell to supply EV charging equipment and services to public sector entities in the U.S., effective immediately and running through September 18, 2029 [1][2] - The company reported a non-GAAP adjusted EPS loss of $0.10 for the last quarter, beating analyst expectations by $0.01, with total revenues of $27 million, a 7.3% year-over-year increase, but below the expected $30.08 million [2][3] - Management anticipates continued sequential revenue growth through the second half of 2025 and into Q4, highlighting momentum in recurring revenues [3] Company Overview - Blink Charging Co. designs, manufactures, and operates EV charging stations across the U.S. and international markets, with a growing network of public charging stations located at various sites [3] - The company supports its operations with its proprietary Blink Network software platform [3]