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Blink Charging Announces Pricing of $20 Million Public Offering of Common Stock
Globenewswire· 2025-12-11 11:00
Core Viewpoint - Blink Charging Co. has announced a public offering of 26,666,666 shares at a price of $0.75 per share, aiming to raise approximately $20 million to fund capital expenditures and support working capital [1][3]. Group 1: Offering Details - The public offering is expected to close on or about December 12, 2025, pending customary closing conditions [1]. - H.C. Wainwright & Co. and Roth Capital Partners are the exclusive co-placement agents for the offering [2]. - The gross proceeds from the offering are anticipated to be around $20 million before deducting fees and expenses [3]. Group 2: Use of Proceeds - The net proceeds from the offering will primarily be used to expand the company's owned and operated DC Fast Charging network [3]. - Additional funds will support the company's working capital and general corporate requirements [3]. Group 3: Company Overview - Blink Charging Co. is a leader in electric vehicle charging equipment and services, facilitating the transition to electric transportation through innovative solutions [6]. - The company's offerings include EV charging networks, equipment, and services, utilizing proprietary cloud-based software for operation and maintenance [6]. - Blink Charging has established strategic partnerships for deploying charging solutions across various locations, including parking facilities, workplaces, and transportation hubs [6].
Blink(BLNK) - Prospectus
2025-12-04 21:50
As filed with the U.S. Securities and Exchange Commission on December 4, 2025 Registration No. 333- (State or other jurisdiction of incorporation or organization) Nevada 3790 03-0608147 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 17301 Melford Blvd. Bowie, Maryland 20715 (305) 521-0200 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) Michael C. Battaglia President and Chief Executive Off ...
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]
Blink Charging Awarded Sourcewell Contract, Expanding Access to EV Charging Solutions for Public Sector Entities
Globenewswire· 2025-11-17 13:30
Core Insights - Blink Charging Co. has been awarded a Sourcewell contract for electric vehicle (EV) charging equipment and services, effective until September 18, 2029, with potential extensions for three additional one-year periods [1][2] Group 1: Contract Details - The Sourcewell contract allows over 50,000 government, education, and nonprofit agencies to procure Blink's EV charging solutions through a streamlined process [2] - The contract includes access to Blink's Level 2 (L2) and DC fast charging stations, network management software, installation, maintenance, and support services [2][3] - The contract aims to support public sector electrification initiatives and infrastructure advancement [2][3] Group 2: Company Commitment and Benefits - Blink's selection by Sourcewell reflects its commitment to developing EV charging infrastructure nationwide [3] - The contract provides benefits such as transparent pricing, volume-based discounts, and a streamlined procurement process for public entities [3][4] - Blink's inclusion in Sourcewell's portfolio of over 700 contracts demonstrates its qualification in delivering scalable EV charging solutions [4] Group 3: Company Overview - Blink Charging Co. is a global leader in EV charging equipment and services, facilitating the transition to electric transportation [4] - The company's product offerings include the Blink Network, EV charging equipment, and various charging services [4] - Blink has established strategic partnerships for EV adoption across diverse locations, including parking facilities, healthcare, schools, and transportation hubs [4]
Blink(BLNK) - Prospectus(update)
2025-11-07 21:51
As filed with the Securities and Exchange Commission on November 7, 2025 Registration No. 333-290989 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 BLINK CHARGING CO. (Exact name of registrant as specified in its charter) (State or other jurisdiction of Nevada 3790 03-0608147 Michael C. Battaglia President and Chief Executive Officer Blink Charging Co. 5081 Howerton Way, Suite A Bowie, Maryland 20715 ...
Blink(BLNK) - 2025 Q3 - Quarterly Report
2025-11-07 14:50
Financial Performance - For the three months ended September 30, 2025, Blink incurred a net loss of $86, while the net loss for the nine months was $52,752 [165]. - The company has not yet achieved profitability, with total comprehensive income of $6,707 for the three months ended September 30, 2025, attributed to non-cash foreign currency translation adjustments [165]. - Total revenue for the nine months ended September 30, 2025 decreased by $19,566, or 20%, to $76,451 compared to $96,017 during the same period in 2024 [210]. - Net loss for the nine months ended September 30, 2025 decreased by $71,869, or 58%, to $52,752 compared to $124,621 for the same period in 2024 [229]. - Total comprehensive income for the three months ended September 30, 2025 was $6,707, compared to a total comprehensive loss of ($84,790) for the same period in 2024 [209]. Revenue and Sales - Total revenues for the three months ended September 30, 2025, increased by $1,843, or 7%, to $27,030 compared to $25,187 for the same period in 2024, primarily driven by increased network fees and charging service revenues [187]. - Charging service revenue from company-owned charging stations rose by $2,504, or 48%, to $7,758 for the three months ended September 30, 2025, due to an increased number of chargers on the Blink Networks [189]. - Revenue from product sales decreased by $28,614, or 44%, to $35,924 for the nine months ended September 30, 2025, attributed to decreased sales of commercial and residential chargers [211]. - Charging service revenue from Company-owned charging stations increased by $7,012, or 46%, to $22,229 for the nine months ended September 30, 2025 [212]. Expenses and Costs - Cost of revenues for the three months ended September 30, 2025, was $17,364, an increase of $1,296, or 8%, compared to $16,068 for the same period in 2024 [192]. - Cost of product sales decreased by $1,135, or 12%, to $7,987 for the three months ended September 30, 2025, due to a mix in business between DC fast chargers and L-2 chargers [193]. - Warranty and repairs and maintenance costs surged by $490, or 167%, to $784 during the three months ended September 30, 2025, due to outsourcing of warranty repairs [200]. - Warranty and repairs and maintenance costs increased by $1,035, or 55%, to $2,915 during the nine months ended September 30, 2025, due to efforts to reduce backlog in warranty cases [221]. - Compensation expense decreased by $3,631, or 24%, to $11,528 for the three months ended September 30, 2025, compared to $15,159 for the same period in 2024 [202]. - General and administrative expenses decreased by $2,517, or 32%, to $5,455 for the three months ended September 30, 2025, primarily due to a credit loss reserve reversal of $2,990 [203]. Cash and Liquidity - The company reported cash and cash equivalents of $23,110, working capital of $36,752, and an accumulated deficit of $788,607 as of September 30, 2025 [165]. - As of September 30, 2025, the company had cash and cash equivalents of $23,110, a decrease of $32,294 from $41,774 as of December 31, 2024, due to ongoing operating losses and limited cash inflows [182]. - The company expects that its current cash resources will be insufficient to fund operations for the next twelve months, raising substantial doubt about its ability to continue as a going concern [183]. - Management is actively evaluating strategic alternatives, including cost-reduction initiatives and potential restructuring or fundraising opportunities, but there is no assurance these efforts will resolve current financial challenges [184]. - Management is evaluating strategic alternatives, including cost-reduction initiatives and potential restructuring, but there is no assurance these efforts will improve liquidity [238]. Business Operations and Strategy - Blink acquired 100% of Zemetric, Inc. on July 7, 2025, enhancing its charging infrastructure capabilities for fleet and high-utilization destinations [168]. - The company is subject to various federal, state, and international regulations that could impact its business operations and financial condition [180]. - Blink's growth is highly dependent on the adoption of electric vehicles (EVs), with market acceptance being a critical factor for future success [179]. - The Blink Networks, a cloud-based platform, manages EV chargers for remote monitoring, management, and payment processing [176]. Foreign Currency Risks - The company has foreign currency risks related to revenue and operating expenses in currencies other than the U.S. dollar, primarily the euro [246]. - A hypothetical 1% decrease in foreign currencies against the U.S. dollar would not result in a material loss on foreign-denominated balances as of September 30, 2025 [246].
BLNK Q3 Deep Dive: Service Revenue Focus and Manufacturing Shift Mark Transformation
Yahoo Finance· 2025-11-07 14:21
Core Insights - Blink Charging (NASDAQ:BLNK) reported Q3 CY2025 revenue of $27.03 million, a 7.3% year-on-year increase, but fell short of analyst expectations of $29.88 million, resulting in a 9.6% miss [1][6] - The company recorded a non-GAAP loss of $0.10 per share, which was in line with analysts' consensus estimates of -$0.11 [1][6] - CEO Michael Battaglia described the quarter as a "profound transformation," focusing on higher-quality service revenue rather than pure top-line growth [3][4] Revenue and Financial Performance - Revenue for Q3 CY2025 was $27.03 million, compared to analyst estimates of $29.88 million, marking a 7.3% year-on-year growth but a 9.6% miss [6] - Adjusted EBITDA was -$8.87 million, slightly better than the expected -$9.15 million, resulting in a -32.8% margin [6] - Operating margin improved to -0.8%, up from -350% in the same quarter last year [6] - Market capitalization stood at $158.1 million [6] Strategic Initiatives - The company is transitioning away from in-house manufacturing to third-party manufacturers in the U.S. and India, aiming to reduce costs and improve supply chain flexibility [7] - Blink Charging is prioritizing the growth of recurring service revenue through its owned DC fast charging network, focusing on predictable, higher-margin revenue streams [7] - Under the "Blink Forward" initiative, the company has eliminated $13 million in annualized operating expenses year-to-date, with expectations for further cost discipline [7] Future Outlook - Management anticipates that the ongoing transformation towards a service-driven business model will stabilize cash flow and enhance efficiency [4] - The company expects to continue positive trends into Q4, launching new products like the Shasta charger aimed at fleet and multifamily segments [4] - Product gross margins improved to nearly 39% this quarter, indicating a focus on more profitable opportunities and redesigned hardware [7] - Blink achieved an 87% sequential reduction in cash burn, down to $2.2 million, through tighter working capital management [7]
Blink Charging Co. 2025 Q3 - Results - Earnings Call Presentation (NASDAQ:BLNK) 2025-11-06
Seeking Alpha· 2025-11-07 01:06
Core Insights - The article discusses the importance of enabling Javascript and cookies in browsers to prevent access issues [1] - It highlights that ad-blockers may interfere with website functionality, suggesting users disable them for a better experience [1] Group 1 - The article emphasizes the need for users to enable Javascript and cookies to ensure proper website access [1] - It warns that having an ad-blocker enabled can block users from proceeding to the desired content [1]
Blink Charging (NASDAQ:BLNK) Reports Sales Below Analyst Estimates In Q3 Earnings
Yahoo Finance· 2025-11-06 22:31
Core Insights - Blink Charging (NASDAQ:BLNK) reported Q3 CY2025 revenue of $27.03 million, which represents a 7.3% year-on-year growth but fell short of market expectations of $29.88 million [1][6][7] - The company recorded a non-GAAP loss of $0.10 per share, aligning with analysts' consensus estimates [1][6] - Analysts project a revenue growth of 17.6% over the next 12 months, indicating potential for improved performance driven by new products and services [7] Company Overview - Blink Charging is a pioneer in the EV charging sector, involved in manufacturing, owning, operating, and providing electric vehicle charging equipment and networked services [3] Revenue Growth - Over the past five years, Blink Charging achieved an impressive annualized revenue growth of 88.5%, surpassing the average growth of industrial companies [4] - However, the company has experienced a decline in revenue over the last two years, with an annualized decrease of 5.9% [5] Financial Performance - Q3 CY2025 revenue was $27.03 million, a 7.3% increase year-on-year, but a 9.6% miss compared to analyst estimates [6] - Adjusted EBITDA was -$8.87 million, with a margin of -32.8%, which was a 3% beat against expectations [6] - Operating margin improved to -0.8%, a significant increase from -350% in the same quarter last year [6] - Free cash flow was -$3.70 million, an improvement from -$10.09 million in the same quarter last year [6] - The company's market capitalization stands at $171.7 million [6]
Blink(BLNK) - 2025 Q3 - Earnings Call Transcript
2025-11-06 22:30
Financial Data and Key Metrics Changes - Total revenue for Q3 2025 was $27 million, a 7.3% increase compared to Q3 2024 [9][11] - Service revenue reached a record $11.9 million, up 36% year-over-year [9][12] - Gross margin improved to 35.8% in Q3 2025, compared to 36.2% in Q3 2024 [12][13] - Cash burn reduced by 87% to $2.2 million, the lowest level in over three years [8][21] - Adjusted loss per share was $0.10, an improvement from a loss of $0.16 in Q3 2024 [16] Business Line Data and Key Metrics Changes - Product revenues were $13 million, relatively flat compared to $13.5 million in Q3 2024 [11] - Charging revenue from Blink-owned chargers grew by 48%, with DC fast-charger revenue increasing over 300% year-over-year [9][12] - Operating expenses decreased to $9.9 million from $97.4 million in Q3 2024, reflecting significant reductions in compensation and G&A expenses [13][14] Market Data and Key Metrics Changes - The company anticipates EV sales to stabilize by mid-2026, following adjustments in government incentives [8] - The overall charging network utilization increased by 66%, with 49 gigawatt hours delivered through Blink networks [29] Company Strategy and Development Direction - The company is transitioning to a global functional model to enhance efficiency and accountability [4][5] - A strategic shift to focus on service revenue growth by outsourcing manufacturing to third-party partners [5][6] - The emphasis on expanding the DC fast-charging footprint and network services while maintaining proprietary technology [6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term demand for charging solutions despite near-term variability in EV sales [8] - The company expects continued sequential revenue growth in the second half of 2025 [18][22] - Management highlighted the importance of quality revenue contributing to profitability and long-term shareholder value [17][18] Other Important Information - The Blink Forward initiative has led to the elimination of approximately $13 million in annualized operating expenses year-to-date [4][10] - The company is on track to start shipping new Shasta chargers ahead of schedule in Q4 2025 [22] Q&A Session Summary Question: Impact of manufacturing changes on margins and costs - Management clarified that the transition to contract manufacturing has been planned for some time and will simplify operations while reducing costs [25][26] Question: Growth in network utilization - Management attributed the 66% increase in network utilization to the expansion of DC fast chargers and expects continued growth in utilization rates [29][30] Question: Profitability of DC fast chargers - Management indicated that while DC fast chargers are emphasized, level two chargers remain significant, and margins for DC fast chargers are improving [32][34] Question: Working capital improvements - Management confirmed ongoing efforts to improve working capital, particularly in receivables and inventory management [39][40]