[Financial & Operational Highlights](index=1&type=section&id=Financial%20%26%20Operational%20Highlights) Blink Charging reported **$28.7 million** in Q2 2025 revenues, up **38.1%** sequentially, driven by product sales, and reduced annualized operating expenses by **$8 million** Q2 2025 Revenue Performance (in thousands) | Revenue Type | Q2 2025 | vs Q1 2025 | % Change (QoQ) | vs Q2 2024 | % Change (YoY) | | :--- | :--- | :--- | :--- | :--- | :--- | | Product Revenues | $14,508 | $8,381 | 73.1% | $23,582 | (38.5)% | | Service Revenues | $11,756 | $10,581 | 11.1% | $8,045 | 46.1% | | Other Revenues | $2,403 | $1,792 | 34.1% | $1,635 | 47.0% | | **Total Revenues** | **$28,667** | **$20,754** | **38.1%** | **$33,262** | **(13.8)%** | - CEO Mike Battaglia highlighted the **38%** sequential revenue growth to **$28.7 million**, driven by a **73%** increase in product sales and an **11%** rise in service revenues[5](index=5&type=chunk) - The company incurred approximately **$16.5 million** in largely one-time, non-cash charges during the quarter[6](index=6&type=chunk) - Blink successfully reduced annualized expenses by **$8 million** through efficiency measures, including a **22%** year-over-year reduction in compensation expenses[6](index=6&type=chunk) - Subsequent to the quarter's end, Blink acquired Zemetric, Inc. to expand its product portfolio and announced a revised agreement with former Envoy Technologies shareholders, releasing Blink from payment obligations in exchange for stock and warrants[6](index=6&type=chunk) [Business Updates & Outlook](index=2&type=section&id=Business%20Updates%20%26%20Outlook) Blink acquired Zemetric and restructured the Envoy agreement, anticipating continued sequential revenue growth and focusing on operational efficiency to achieve profitability [Acquisition of Zemetric, Inc.](index=2&type=section&id=Acquisition%20of%20Zemetric%2C%20Inc.) Blink acquired Zemetric, Inc. to expand its L2 charging portfolio, appointing Zemetric's founder as its new CTO - The acquisition of Zemetric, Inc. adds market-leading hardware and software solutions for fleets, multi-family, and commercial applications to Blink's portfolio[7](index=7&type=chunk) - Zemetric's founder, Harmeet Singh, has been appointed as Blink's Chief Technology Officer, tasked with enhancing interoperability and reducing total cost of ownership for customers[8](index=8&type=chunk) [Envoy Technologies Update](index=2&type=section&id=Envoy%20Technologies%20Update) Blink amended its Envoy Technologies agreement, exchanging **$10 million** in stock and **$11 million** in performance-based warrants for release from payment obligations - Blink is released from all payment obligations and liability to former Envoy shareholders in exchange for **$10 million** in common stock and **$11 million** in performance-based warrants[9](index=9&type=chunk) - The warrants are divided into three tranches that vest when Blink's stock price reaches **$1.70**, **$2.10**, and **$4.85**, respectively, for seven consecutive days[11](index=11&type=chunk) [Business Outlook](index=2&type=section&id=Business%20Outlook) The company anticipates continued sequential revenue growth in H2 2025, focusing on expense management and cost reduction for profitability - Blink anticipates strong momentum in both recurring revenues (from network fees) and repeatable charging revenues (from charger utilization)[10](index=10&type=chunk) - The company is focused on advancing operational efficiency through disciplined expense management to lower operating costs, reduce cash burn, and achieve profitability[12](index=12&type=chunk) [Detailed Financial Results (Q2 2025)](index=3&type=section&id=Detailed%20Financial%20Results%20%28Q2%202025%29) Q2 2025 revenues were **$28.7 million**, with a **$32.0 million** net loss, impacted by a **$6.4 million** inventory charge, and **$25.3 million** in cash and marketable securities [Revenues](index=3&type=section&id=Revenues) Q2 2025 total revenues reached **$28.7 million**, with product revenues at **$14.5 million** and service revenues at **$11.8 million**, reflecting strong sequential and YoY service growth Revenue Breakdown (in millions) | Period | Total Revenue | Product Revenue | Service Revenue | Other Revenue | | :--- | :--- | :--- | :--- | :--- | | **Q2 2025** | **$28.7** | **$14.5** | **$11.8** | **$2.4** | | Q2 2024 | $33.3 | $23.6 | $8.0 | $1.6 | | **H1 2025** | **$49.4** | **$22.9** | **$22.3** | **$4.2** | | H1 2024 | $70.8 | $51.1 | $16.2 | $3.5 | [Profitability](index=3&type=section&id=Profitability) Q2 2025 gross profit was **$2.1 million** (7% margin), significantly impacted by a **$6.4 million** non-cash inventory charge, with operating expenses at **$34.3 million** - Q2 2025 gross profit was **$2.1 million**. Excluding a **$6.4 million** non-cash inventory and PP&E adjustment, gross profit would have been **$8.5 million**, representing a **30% margin**[17](index=17&type=chunk) - Q2 2025 operating expenses were **$34.3 million**. Excluding approximately **$10.1 million** in one-time, non-cash charges (related to asset impairment, Envoy consideration, etc.), operating expenses would have been **$24.2 million**[18](index=18&type=chunk)[19](index=19&type=chunk) [Net Loss and EPS](index=4&type=section&id=Net%20Loss%20and%20EPS) Q2 2025 net loss was **$32.0 million** (or **($0.31)** per share), with an Adjusted EBITDA loss of **$24.5 million** and Adjusted EPS loss of **($0.26)** Net Loss and EPS (GAAP) | Metric | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--- | :--- | :--- | :--- | :--- | | Net Loss (in millions) | ($32.0M) | ($20.1M) | ($52.7M) | ($37.2M) | | EPS (basic & diluted) | ($0.31) | ($0.20) | ($0.51) | ($0.37) | Adjusted EBITDA and Adjusted EPS (Non-GAAP) | Metric | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--- | :--- | :--- | :--- | :--- | | Adjusted EBITDA Loss (in millions) | ($24.5M) | ($14.7M) | ($39.9M) | ($24.9M) | | Adjusted EPS Loss | ($0.26) | ($0.18) | ($0.45) | ($0.31) | [Cash and Liquidity](index=4&type=section&id=Cash%20and%20Liquidity) As of June 30, 2025, cash, cash equivalents, and marketable securities totaled **$25.3 million**, with no cash debt - As of June 30, 2025, cash, cash equivalents, and marketable securities totaled **$25.3 million**. The company had no cash debt[26](index=26&type=chunk) [Other Corporate Developments](index=5&type=section&id=Other%20Corporate%20Developments) Blink appointed new executives, pursued UK expansion with a **£100 million** SPV, launched a North American pilot, and secured a UK charging station contract - **Executive Appointments**: Michael Bercovich was named CFO, and Alex Calnan was named Managing Director of Europe[29](index=29&type=chunk) - **UK Expansion**: Entered a non-binding term sheet with Axxeltrova Capital for a proposed **£100 million** Special Purpose Vehicle (SPV) to support EV charging development in the UK[29](index=29&type=chunk) - **Strategic Collaboration**: Teamed with WirelessCar and ChargeHub for a 'Seamless Charging' pilot program in the U.S. and Canada[29](index=29&type=chunk) - **New Contract**: Blink UK executed a contract with North Hertfordshire Council to install and operate **18** new EV charging stations[29](index=29&type=chunk) [Financial Statements](index=6&type=section&id=Financial%20Statements) This section provides unaudited condensed consolidated financial statements for Blink Charging Co., including Statements of Operations, Balance Sheets, and Cash Flows [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q2 2025 total revenues were **$28.7 million** with a net loss of **$32.0 million**, compared to **$33.3 million** revenue and **$20.1 million** net loss in Q2 2024 Q2 2025 Statement of Operations Highlights (in thousands) | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Total Revenues | $28,667 | $33,262 | | Gross Profit | $2,094 | $10,713 | | Loss From Operations | ($32,209) | ($20,649) | | Net Loss | ($31,959) | ($20,059) | | Net Loss Per Share | ($0.31) | ($0.20) | [Condensed Consolidated Balance Sheets](index=8&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025, total assets were **$168.4 million**, total liabilities **$97.7 million**, and stockholders' equity **$70.8 million** Balance Sheet Highlights (in thousands) | Metric | June 30, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $25,318 | $41,774 | | Total Current Assets | $98,500 | $141,152 | | Total Assets | $168,422 | $217,988 | | Total Current Liabilities | $58,009 | $59,244 | | Total Liabilities | $97,670 | $99,286 | | Total Stockholders' Equity | $70,752 | $118,702 | [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) H1 2025 saw **$28.5 million** net cash used in operations, **$10.1 million** provided by investing, and a **$16.5 million** net decrease in cash Six-Month Cash Flow Summary (in thousands) | Cash Flow Activity | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Net Cash Used In Operating Activities | ($28,524) | ($25,735) | | Net Cash Provided By (Used In) Investing Activities | $10,106 | ($3,873) | | Net Cash Provided By (Used In) Financing Activities | $874 | ($13,472) | | **Net Decrease In Cash** | **($16,450)** | **($42,944)** | [Non-GAAP Financial Measures Reconciliation](index=11&type=section&id=Non-GAAP%20Financial%20Measures%20Reconciliation) This section reconciles GAAP net loss to Adjusted EBITDA and GAAP EPS to Adjusted EPS, showing a Q2 2025 Adjusted EBITDA loss of **$24.4 million** Reconciliation of Net Loss to Adjusted EBITDA (in thousands) | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Net Loss | ($31,959) | ($20,059) | | Adjustments (D&A, Stock Comp, etc.) | $7,511 | $5,351 | | **Adjusted EBITDA** | **($24,448)** | **($14,708)** | Reconciliation of Net Income per Share to Adjusted EPS | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Net Income - per diluted share (GAAP) | ($0.31) | ($0.20) | | Per diluted share adjustments | $0.05 | $0.02 | | **Adjusted EPS (Non-GAAP)** | **($0.26)** | **($0.18)** |

Core Insights - Blink Charging Co. reported a quarterly loss of 26 cents per share, missing the consensus estimate of 18 cents [1] - Quarterly revenue reached $28.66 million, exceeding the Street estimate of $22.11 million [1] Financial Performance - The company achieved consolidated revenues of $28.7 million, reflecting a sequential growth of 38% compared to the first quarter of 2025 [2] - Product sales increased by 73% sequentially, while service revenues saw an 11% sequential increase [2] - Service revenues grew 46% year-over-year to $11.8 million [5] - The company incurred approximately $16.5 million in largely one-time, non-cash charges during the quarter [5] - Compensation expenses were reduced by 22% year-over-year, resulting in $8 million in annualized expense savings through efficiencies [5] Future Outlook - Blink expects to achieve continued sequential revenue growth in the second half of 2025 based on current visibility [3]

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]

Core Viewpoint - Blink Charging Co. has rescheduled its earnings conference call for the second quarter of 2025 to August 18, 2025, after the stock market closes, indicating a focus on transparency and communication with investors [1]. Company Overview - Blink Charging Co. is a global leader in electric vehicle (EV) charging equipment and services, providing innovative solutions to facilitate the transition to electric transportation [4]. - The company's main products and services include the Blink EV charging network, EV charging equipment, and related services, utilizing proprietary cloud-based software for operation and maintenance [4]. - Blink has established strategic partnerships to enhance the adoption of EV charging across various locations, including parking facilities, residential areas, workplaces, healthcare facilities, educational institutions, airports, and retail spaces [4]. Earnings Conference Call Details - The earnings conference call will take place at 4:30 P.M. ET on August 18, 2025, following the release of the company's financial results [1]. - Investors can access the live webcast through the Blink Charging website or by phone, with specific dial-in details provided for both domestic and international callers [2]. - A replay of the teleconference will be available until September 6, 2025, allowing investors to review the discussion at their convenience [3].

Core Points - Blink Charging Co. has reached a mutual agreement with former shareholders of Envoy Technologies to amend their original merger agreement, satisfying Blink's liability [1] - The amendment includes a payment obligation of $10 million in shares and $11 million in warrants, with specific vesting conditions based on stock price achievements [2][7] - Envoy's former equity holders will be subject to a 120-day leak-out period for the shares, limiting sales to 2% per day and 5% in the last 30 days, with a cap of 20% per month [3] Company Overview - Blink Charging is a global leader in electric vehicle (EV) charging equipment and services, facilitating the transition to electric transportation through innovative solutions [6] - The company operates the Blink Network, a proprietary, cloud-based software that manages and tracks EV charging stations and associated data [6] - Blink has established strategic partnerships for EV charging solutions across various locations, including residential, commercial, and public spaces [6] Envoy Overview - Envoy Technologies is a provider of on-demand electric vehicle car-sharing services, primarily for real estate communities [5] - The company offers all-electric car-sharing services in the U.S., enhancing mobility and reducing parking demand and individual car ownership [5] - Real estate developers can leverage Envoy's services to access development incentives, aligning with urban development goals [5]

Core Insights - Blink Charging Co. announced the installation of ten 180 kW dual-port DC Fast Chargers along State Route 111 in Imperial County, California, enhancing EV charging infrastructure in a critical transportation area [1][2][3] Company Overview - Blink Charging is a leading global provider of electric vehicle (EV) charging equipment and services, focusing on innovative solutions to facilitate the transition to electric transportation [4] - The company operates the Blink Network, a proprietary, cloud-based system that manages and tracks EV charging stations and associated data [4] Project Details - The new chargers will provide 20 charging ports at Imperial Center, a commercial hub that serves thousands of daily drivers and connects key regions including Mexicali, El Centro, Brawley, and the Coachella Valley [2][3] - The location offers easy access to Interstate 8, supporting east-west travel between San Diego and Arizona, thereby improving accessibility for residents and commercial freight operators [2][3] Strategic Importance - The installation of these chargers is part of Blink's strategy to ensure the "Right Charger, Right Place, Right Time," facilitating confident travel for EV drivers between Mexico and Southern California [3] - The project addresses a significant need for EV charging infrastructure in a heavily trafficked corridor, benefiting local communities and long-distance travelers [3][4]

Core Insights - Blink Charging Co. has announced a strategic collaboration with dfYOUNG to provide streamlined corporate fleet management and at-home EV charger installations for salesforces across the nation [2][3]. Group 1: Collaboration Details - The partnership combines dfYOUNG's fleet operations expertise with Blink's EV charging solutions, offering a turnkey approach for organizations with electric vehicle salesforces [3]. - EV chargers will be installed at sales representatives' homes through a coordinated service between Blink and dfYOUNG, with pre-kitted and RFI-activated chargers shipped and installed directly by dfYOUNG [4]. - Customers will receive 24/7 customer service from Blink, while dfYOUNG will oversee fleet operations, including deliveries, job completion, safety, and compliance, along with real-time tracking of vehicle deliveries and pickups [4]. Group 2: Strategic Importance - This collaboration is part of Blink's ongoing efforts to enhance and simplify the EV adoption process, providing end-to-end support from procurement to post-installation fleet management [5]. - The initiative aims to elevate Blink's customer-centric capabilities and improve the integration process for businesses transitioning to electric vehicle fleets [5]. Group 3: Company Background - Blink Charging Co. is a global leader in EV charging equipment and services, facilitating the transition to electric transportation through innovative solutions [7]. - The company operates a proprietary, cloud-based network that manages and tracks EV charging stations and associated data, with strategic collaborations across various location types [7].

Company Performance - Blink Charging (BLNK) closed at $1.12, reflecting a -3.45% change from the previous day's closing price, underperforming the S&P 500's daily gain of 0.4% [1] - Over the past month, Blink Charging shares have increased by 14.85%, while the Computer and Technology sector gained 6.84% and the S&P 500 gained 4.61% [1] Upcoming Financial Results - Blink Charging is set to announce its earnings on August 7, 2025, with analysts expecting a loss of -$0.16 per share, indicating a year-over-year growth of 11.11% [2] - The consensus estimate for quarterly revenue is $25.11 million, which represents a decline of 24.5% from the same period last year [2] Fiscal Year Projections - For the entire fiscal year, earnings are projected at -$0.57 per share and revenue at $110.23 million, reflecting changes of +6.56% and -12.65% respectively from the prior year [3] - Recent adjustments to analyst estimates for Blink Charging may indicate shifting business dynamics, with positive revisions seen as a favorable sign for the business outlook [3] Zacks Rank and Industry Performance - The Zacks Rank system, which assesses estimate changes, currently ranks Blink Charging as 4 (Sell), with the consensus EPS estimate remaining stagnant over the past month [5] - The Electronics - Miscellaneous Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 11, placing it in the top 5% of over 250 industries [6]

Company Overview - Blink Charging Co. is a leading global owner, operator, and provider of electric vehicle (EV) charging equipment and services [4] - The company offers a principal line of products and services including the Blink EV charging network, EV charging equipment, and EV charging services [4] - Blink's network utilizes proprietary, cloud-based software to operate, maintain, and track EV charging stations and associated data [4] Upcoming Financial Results - Blink Charging will announce its second quarter results on August 7, 2025, after the close of financial markets [1] - A conference call and webcast will be held on the same day at 4:30 p.m. Eastern Time to discuss the results for the quarter ended June 30, 2025 [1] Accessing Information - Investors can access the live webcast through the Blink Charging website or via a specific link provided [2] - For phone participation, a specific dial-in number and access code are provided for both domestic and international callers [2] Replay Information - A replay of the teleconference will be available until September 6, 2025, with specific dial-in numbers for domestic and international callers [3]

Core Viewpoint - Blink Charging Co. has partnered with Universal Media to launch the EV Totem, which combines EV charging solutions with digital media displays, aiming to enhance the EV charging experience and create new revenue opportunities for brands and property partners [1][3][4]. Group 1: EV Totem Concept - The EV Totem features dual 55-inch high-definition digital displays positioned seven feet above ground for optimal visibility, even when vehicles are parked [3]. - This innovative platform provides real-time, location-based advertising and integrated analytics, enhancing its value as a mobility and media platform [3][4]. - The first installation of the EV Totem is located at Mountain View Village in Salt Lake City, Utah, with plans for further expansion to other high-traffic locations [1][2]. Group 2: Strategic Collaboration - The collaboration between Blink and Universal Media aims to transform the EV charging experience into a dynamic media platform, delivering relevant content to drivers while they charge [4]. - The EV Totem is designed to unlock new opportunities for brands, property partners, and communities, potentially creating additional revenue streams [3][4]. Group 3: Company Background - Blink Charging Co. is a global leader in EV charging equipment and services, facilitating the transition to electric transportation through innovative solutions [6]. - The company operates a proprietary, cloud-based network that manages and tracks EV charging stations and associated data, with strategic partnerships across various location types [6].