Blink(BLNK) - 2025 Q2 - Earnings Call Presentation

Financial Performance - Q2 2025 - Gross profit was impacted by $6.4 million in non-cash charges due to obsolete inventory adjustments and write-down of capitalized costs related to incomplete projects[9] - Product sales decreased by 38.5% year-over-year, from $23.582 million in 2Q24 to $14.508 million in 2Q25[28] - Total revenues decreased by 13.8% year-over-year, from $33.262 million in 2Q24 to $28.667 million in 2Q25[28] - Gross profit decreased significantly by 80.5% year-over-year, from $10.713 million in 2Q24 to $2.094 million in 2Q25[28] - Adjusted EBITDA worsened by 66.2% year-over-year, from a loss of $14.708 million in 2Q24 to a loss of $24.448 million in 2Q25[28] - Net loss increased from ($20.059) million to ($31.959) million[34] Revenue Streams - Service revenue increased by 46.1% year-over-year, from $8.045 million in 2Q24 to $11.756 million in 2Q25[28] - Other revenue increased by 47.0% year-over-year, from $1.635 million in 2Q24 to $2.403 million in 2Q25[28] - Repeat and Recurring Service Revenue increased over the last 5 Quarters[11, 12] Merger Agreement Amendment - The merger agreement was amended, releasing Blink from payment obligations and liability in exchange for stock and performance-based warrants[26] - The sole remaining payment obligation is satisfied upon issuance of $10 million in shares and warrants for an aggregate notional value of $11 million, divided into three tranches based on stock price targets[26]