Blink(US:BLNK)2025-05-12 20:38Financial Performance - Total revenues decreased by 44.8% year-over-year, from $37.568 million in Q1 2024 to $20.754 million in Q1 2025 [18] - Product sales experienced a significant decline of 69.5%, decreasing from $27.508 million in Q1 2024 to $8.381 million in Q1 2025 [18] - Service revenue increased by 29.2%, rising from $8.189 million in Q1 2024 to $10.581 million in Q1 2025 [18] - Adjusted EBITDA worsened by 52.2%, from a loss of $10.180 million in Q1 2024 to a loss of $15.489 million in Q1 2025 [18] - Net loss increased from $17.173 million in Q1 2024 to $20.707 million in Q1 2025 [34] Key Strategies - The company focuses on offering customer-centric business models [29] - The company aims to grow DC Fast Charging Portfolio [29] - The company seeks to drive recurring revenue streams [29] Additional Information - Other revenue decreased slightly by 4.2%, from $1.871 million in Q1 2024 to $1.792 million in Q1 2025 [18] - Operating expenses decreased by 7.9%, from $30.902 million in Q1 2024 to $28.449 million in Q1 2025 [18]