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Green Rain Energy Holdings (OTCID: $GREH) Extends Warm Wishes for a Safe and Prosperous New Year
Globenewswire· 2025-12-26 15:34
Core Insights - Green Rain Energy Holdings expresses gratitude to shareholders and partners while emphasizing its commitment to innovation and sustainability in the renewable energy sector as it enters 2026 [2]. Company Overview - Green Rain Energy Holdings Inc. is a clean-energy development company based in Wyoming, operating through subsidiaries Green Rain Solar Inc. and Green Rain Development [3]. - The company focuses on electric vehicle (EV) charging networks, solar installations, and energy-efficiency programs, utilizing a scalable Energy Service Company (ESCO) model to generate performance-based revenue without incurring debt or diluting shareholder equity [3]. Future Outlook - The company aims to continue delivering renewable energy solutions that empower communities and contribute to environmental protection [2].
Green Rain Energy Holdings, Inc. (OTC: GREH) Provides Strategic Corporate Update as Company Prioritizes Its Fully Funded EV Charging Expansion Across 29 Premier U.S. Hotels
Globenewswire· 2025-12-09 13:15
Core Insights - Green Rain Energy Holdings, Inc. (GREH) is advancing its strategy to execute 29 fully funded EV charging projects across major U.S. travel corridors, positioning itself for long-term revenue growth and national expansion [1][2][12] Funding and Project Development - All 29 EV charging locations are fully funded through existing strategic partnerships, eliminating the need for additional debt financing [2][4] - The company is currently focused on the rapid construction and deployment of these revenue-generating assets, with active installations underway in New York [2][3] Management Strategy - The CEO emphasized the commitment to prioritize capital and resources on the fully funded EV sites to create immediate value for shareholders [3][12] - GREH has postponed its Regulation Crowdfunding offering for its subsidiary, Green Rain Development, as the existing project funding is deemed sufficient [3][4] Agreements and Audits - The Definitive Energy Purchase and Sales Agreement with Allied Energy Corporation has been postponed to July 1, 2026, to allow GREH to focus on its EV infrastructure rollout and complete necessary internal audits [5][6] - The company is preparing for a full financial audit and will appoint an external auditor to enhance transparency and readiness for expanded institutional partnerships [7][8] Shareholder Updates - GREH is in the process of distributing a special stock dividend, pending action from the DTCC, with no additional action required from shareholders [9][10] - The company aims to maintain shareholder value without additional dilution through its fully funded projects [4][12]
Green Rain Energy Holdings Inc. (OTCID: GREH) Issues Updated Special Dividend Announcement
Globenewswire· 2025-11-14 15:45
Core Points - Green Rain Energy Holdings Inc. has announced the record date and payment date for its special stock dividend, which will be on November 15, 2025 [1][2] - The special dividend is part of the company's commitment to transparency and enhancing shareholder value [2] Dividend Purpose and Market Impact - The special dividend aims to enhance the accuracy of market activity, promote fair trading, strengthen the long-term shareholder base, and support transparency within the marketplace [5] Company Growth and Development - In 2025, Green Rain Energy has made significant progress in its renewable energy initiatives, including the launch of an EV Infrastructure Survey in Arizona and the scaling of its Energy Services Company (ESCO) model [3] - The ESCO model is designed to generate recurring revenue without incurring debt or diluting shareholder equity, aligning with the company's long-term vision of becoming a leading provider of renewable energy solutions [4]
BLINK CHARGING ANNOUNCES THIRD QUARTER 2025 FINANCIAL RESULTS
Globenewswire· 2025-11-06 21:02
Core Insights - Blink Charging Co. reported a total revenue of $27.0 million for Q3 2025, reflecting a 7.3% year-over-year increase, driven by a significant growth in service revenues [9][11][19] - The company achieved a gross margin of 35.8% in Q3 2025, slightly down from 36.2% in Q3 2024, while service revenues grew by 35.5% year-over-year to $11.9 million [3][13][19] - Blink is transitioning to contract manufacturing as part of its BlinkForward strategy, aiming to enhance operational efficiency and reduce costs [4][5][6] Financial Performance - Total revenues for the first three quarters of 2025 were reported at $76.5 million, down from $96.0 million in the same period of 2024 [9][10] - Product revenues in Q3 2025 were $13.0 million, a decrease from $13.4 million in Q3 2024, while service revenues for the first three quarters of 2025 reached $34.2 million, up 36.9% from $25.0 million in 2024 [10][12] - Operating expenses in Q3 2025 were reduced by 26% year-over-year, totaling $9.9 million, compared to $97.3 million in Q3 2024 [16][17][18] Strategic Initiatives - The company has initiated a transition to contract manufacturing to focus on core strengths and improve scalability, while maintaining control over hardware and firmware design [4][5][6] - Blink's management has eliminated approximately $13 million in annualized operating expenses, exceeding initial expectations set by the BlinkForward initiative [7] - The company is on track to launch its Shasta L2 Charger and integrate crypto payment options by year-end [4][6] Outlook - Blink expects continued sequential revenue growth in the second half of 2025, with positive trends anticipated to carry into Q4 [8] - The company is focused on aligning expenditures with strategic priorities to ensure sustainable, long-term growth [7][8]
Green Rain Energy Holdings (OTC: GREH) Announces FINRA Filings via Lucosky Brookman, Strengthens Dividend Strategy Amid Record Growth in Clean Energy Projects
Globenewswire· 2025-11-05 13:35
Core Insights - Green Rain Energy Holdings Inc. has filed for a special stock dividend with FINRA to combat unregulated short-selling, which has negatively impacted the value of emerging public companies [1][2] - The company is working with Lucosky Brookman LLP to ensure compliance with regulatory standards, enhancing investor confidence and market credibility [2] - Green Rain Energy has secured a $400,000 utility incentive from Rochester Gas & Electric and launched an EV Infrastructure Survey, positioning itself strategically in the clean energy sector [3] Company Overview - Green Rain Energy Holdings Inc. is a clean energy development company based in Wyoming, focusing on renewable infrastructure through its subsidiaries [4] - The company specializes in EV charging networks, solar installations, and energy efficiency projects, utilizing an ESCO model to enable revenue participation without incurring debt [4]
BLINK CHARGING ANNOUNCES SECOND QUARTER 2025 RESULTS
GlobeNewswire News Room· 2025-08-18 20:02
Core Insights - Blink Charging Co. reported a total revenue of $28.7 million for Q2 2025, reflecting a 38% sequential growth compared to Q1 2025, but a 13.8% decline year-over-year from Q2 2024 [3][11][19] - The company experienced a significant sequential increase in product revenues by 73.1% to $14.5 million, while service revenues grew by 11.1% sequentially to $11.8 million, marking a 46.1% increase year-over-year [3][12][13] - Blink incurred approximately $16.5 million in largely one-time, non-cash charges during the quarter, but managed to reduce ongoing annual operating expenses by about $8 million [3][6][19] Financial Performance - Total revenues for the first six months of 2025 were reported at $49.4 million, down from $70.8 million in the same period of 2024 [11] - Gross profit for Q2 2025 was $2.1 million, representing 7% of revenues, a significant decrease from 32% in Q2 2024, primarily due to a $6.4 million non-cash inventory adjustment [16][19] - Operating expenses increased to $34.3 million in Q2 2025 from $31.4 million in Q2 2024, with approximately $10.1 million attributed to one-time, non-cash charges [17][18] Acquisition and Strategic Developments - Blink announced the acquisition of Zemetric, Inc., enhancing its portfolio with tailored charging solutions for fleets and commercial applications [4][5] - The acquisition is expected to improve Blink's technological capabilities and product offerings, particularly in intelligent and flexible L2 charging products [5][6] Business Outlook - The company anticipates continued sequential revenue growth in the second half of 2025, driven by expanding installed charger base and increased utilization [9][10] - Blink aims to enhance operational efficiency through disciplined expense management and targeted initiatives to lower operating costs and reduce cash burn [10][19] Shareholder Agreements - Blink reached an agreement with former shareholders of Envoy Technologies to release the company from payment obligations in exchange for stock and performance-based warrants valued at $11 million [7][8][15]
Blink Charging Names Michael Bercovich Chief Financial Officer
Globenewswire· 2025-06-05 12:00
Core Insights - Blink Charging Co. has appointed Michael Bercovich as the new Chief Financial Officer, effective June 23, 2025, following the departure of previous CFO Michael Rama [1][4]. Company Overview - Blink Charging is a leading global provider of electric vehicle (EV) charging equipment and services, facilitating the transition to electric transportation through innovative solutions [6]. Leadership Background - Michael Bercovich has over 20 years of diverse experience in finance leadership roles across various tech companies, having previously served as CFO at multiple organizations and successfully raised over $250 million in capital [2][3]. - Bercovich's career includes significant roles at KPMG and leading financial operations for Xerox and CGI Group, showcasing his ability to navigate complex regulatory environments and drive business growth [3]. Transition and Continuity - Robert Strauss, a senior advisor from FTI Consulting, will serve as Interim CFO until Bercovich officially joins, ensuring operational continuity during the transition [4]. - The previous CFO, Michael Rama, contributed to strengthening Blink's financial foundation and supporting strategic initiatives before pursuing new opportunities [5]. Future Outlook - Bercovich expressed enthusiasm about joining Blink at a pivotal time, aiming to enhance the company's success in introducing new EV charging and energy management solutions, which are expected to positively impact revenue and market presence [5].