Blink Charging

Blink Charging Co. engages in the operation and provision of electric vehicles, charging equipment, and networked EV charging services. Its product line and services include the Blink EV charging network, charging equipment, also known as electric vehicle supply equipment, and EV charging services. The company was founded by Michael D. Farkas on October 3, 2006 and is headquartered in Miami Beach, FL.

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Blink Charging posts stellar Q4 results, eyes revenue diversification

Blink Charging's Q4 2022 earnings call showcased remarkable financial performance, strategic acquisitions, and a focus on service revenue growth.
The company faces challenges in balancing funding expectations, business model transitions, and operational efficiency improvements amidst a dynamic market landscape.
Opportunities lie in revenue diversification through V2G, sustained revenue growth, and flexibility in business models to drive continued expansion and profitability.

Blink Charging reports stellar Q1 revenue growth and strategic acquisitions

Blink Charging delivered robust revenue growth and operational performance in Q1 2023, underpinned by strategic acquisitions and market expansion initiatives.
While facing challenges in achieving profitability and managing capital expenditures, the company's focus on sustainability, innovation, and cost optimization positions it well for long-term success.
Opportunities in grants, contracts, and strategic partnerships offer avenues for growth and efficiency gains, signaling a positive outlook for Blink's future performance and market positioning.

Blink Charging reports stellar Q2 results, eyes sustained growth

Blink Charging's Q2 2023 performance reflects robust revenue growth and strategic initiatives to drive profitability amidst a growing EV infrastructure market.
While facing challenges such as legacy product management and revenue outlook uncertainties, the company is well-positioned to capitalize on opportunities for expansion and innovation.
By focusing on expense reduction, revenue enhancement, and operational efficiency, Blink aims to achieve financial milestones and maintain its competitive edge in the industry.

Blink Charging excels in Q3, eyes EV market growth

Blink Charging's Q3 2023 was a standout quarter, with robust revenue growth and a focus on quality and customer satisfaction.
While facing challenges like high operating expenses and legacy equipment impacts, the company is well-positioned to seize growth opportunities.
With a strategic focus on fleet sales, market expansion, and EBITDA positivity, Blink Charging is navigating towards a promising future.

Blink Charging achieves record revenues, eyes positive EBITDA by 2024

Blink Charging's strong financial performance in 2023, record revenues, and strategic initiatives position it for continued growth and financial stability.
While facing challenges in global operations and revenue diversification, the company's focus on efficiency and innovation presents opportunities for sustained success.
With a clear roadmap towards positive EBITDA, expansion in key markets, and product branding strategies, Blink Charging remains poised for future growth and profitability.

Blink Charging excels in Q1 2024, eyes EV market growth

Blink Charging delivered strong Q1 2024 results with notable revenue growth, improved gross profit, and operational milestones. The company's focus on financial targets, margin improvement, and product innovation underpins its strategic direction.
While facing challenges in cost management, government funding reliance, and operational enhancements, Blink is well-positioned to capitalize on EV market growth and infrastructure demand. Opportunities in network expansion, energy management, and product optimization pave the way for sustainable growth.
Overall, Blink Charging's Q1 performance reflects resilience, strategic foresight, and a customer-centric approach. The company's pursuit of financial stability, operational efficiency, and market opportunities positions it for continued success and value creation.

Blink Charging reports revenue growth and global expansion initiatives

Blink Charging's Q2 2024 performance reflects revenue growth, strategic partnerships, and a focus on margin improvement through product innovation
Despite market challenges, Blink remains optimistic about the EV industry's long-term prospects and is actively pursuing expansion opportunities
The company's emphasis on cost management, software services, and global growth positions it for sustained success in the evolving EV charging market

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Blink Charging Co. engages in the operation and provision of electric vehicles, charging equipment, and networked EV charging services. Its product line and services include the Blink EV charging network, charging equipment, also known as electric vehicle supply equipment, and EV charging services. The company was founded by Michael D. Farkas on October 3, 2006 and is headquartered in Bowie, MD.

London, UK, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Blink Charging UK (“Blink UK”), a subsidiary of Blink Holdings BV, a wholly owned subsidiary of Blink Charging Co., a leading global manufacturer, owner, operator and provider of electric vehicle (EV) charging equipment and services, today announced the Company has been awarded a three-year contract to install, maintain and manage 41 electric vehicle (EV) chargers and contactless payment terminals at Kings College NHS Trust's flagship Princess Royal University Hospital. Beginning May 2025, hospital patients, visitors, and staff will be able to charge their EVs quickly and easily at one of 41 new charging bays and pay seamlessly using one of the new 21 contactless payment terminals.

Kings College NHS Trust Selects Blink Charging to Install 41 EV Chargers at Orpington's Princess Royal University Hospital

Tesla

As EV adoption surges, demand for charging infrastructure rises. Watch TSLA, RIVN, BLNK, and CHPT for long-term potential in the EV charging space.

TSLA, BLNK & Other EV Charging Stocks to Watch in 2025

BLNK receives a contract to supply 429 chargers with a total of 723 plugs for residents living and working on Power Design's projects nationwide.

Blink Charging Gets Contract to Supply EV Chargers to Power Design

Agreement to Include Charging Capacity for 723 Vehicles Bowie, Md., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading global manufacturer, owner, operator and provider of electric vehicle (EV) charging equipment and services, today announced it has been selected by Power Design, Inc. , one of the nation's largest design-build multi-trade contractors, to provide EV chargers and charging services at select locations.

Power Design Teams Up with Blink Charging to Provide 429 Blink Charging Stations Across Multiple Projects

While the top- and bottom-line numbers for Blink Charging (BLNK) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Blink Charging (BLNK) Q3 Earnings: A Look at Key Metrics

Blink Charging (BLNK) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to loss of $0.16 per share a year ago.

Blink Charging (BLNK) Reports Q3 Loss, Lags Revenue Estimates

Blink Charging Co. (BLNK) Q3 2024 Earnings Call Transcript

Bowie, MD, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Blink Charging Co. (Nasdaq: BLNK) (“Blink” or the “Company”), a leading manufacturer, owner, operator, and provider of electric vehicle (EV) charging equipment and services, today announced financial results for the third quarter ended September 30, 2024.

BLINK CHARGING ANNOUNCES THIRD QUARTER 2024 RESULTS

Blink Charging is launching a £100 million Special Purpose Vehicle (SPV) aimed at enhancing electric vehicle charging infrastructure. In collaboration with Axxeltrova Capital (“Axxeltrova”), this initiative will enable Blink to deploy significant assets while inviting investors to support growth and innovation in charging deployments.

Blink to establish a £100 million Special Purpose Vehicle to Drive Electric Vehicle Charger Investments, Engaging Axxeltrova Capital as First Funding Partner

Efficient and expanded deployment of infrastructure will support a more sustainable future for the state. Bowie, Md.

Blink Charging Awarded $2 Million Grant to Provide EV Chargers for State of Illinois

Innovative Amenity Brings Sustainable Transportation to Residents Ft. Lee, NJ, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Envoy Technologies Inc. (“Envoy”), a Blink Charging Co. company, and leading provider of electric vehicle car-sharing services and community-based electric vehicles (EVs), has teamed with UNLMTD Real Estate Group, LLC (“UNLMTD”) to introduce electric car sharing at FIAT House, a brand-new collection of more than 300 studios, one- and two-bedroom luxury residences.

FIAT House in New Jersey Introduces Private Electric Car Sharing Program for Residents through Envoy Technologies, Inc.

Bowie, MD, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading global manufacturer, owner, operator, and provider of electric vehicle (EV) charging equipment and services, will announce its third quarter results on Thursday, November 7, 2024, following the close of the financial markets. The Company will host a conference call and webcast that day at 4:30 p.m. Eastern Time to discuss the Company's results for the third quarter ended September 30, 2024.

Blink Charging to Host Third Quarter 2024 Conference Call on Thursday, November 7, 2024

Blink's enhanced “Right Charger, Right Place, Right Time” strategy now aligns with “Right Price.” Blink will use Stable Auto's AI powered platform to improve the performance and attractiveness of its network . This innovative collaboration helps ensure that Blink and its customers' chargers will thrive by improving access and providing fair and appropriate pricing tailored to regional energy costs and driver demand.

Blink Charging Deploys Advanced AI Modeling with Stable Auto to Increase Site Utilization and Efficiency

Initiating coverage on Blink Charging with a “Buy” rating, citing attractive valuation post-correction and a promising 24-month investment horizon. Higher EV adoption hinges on ramping up charging infrastructure; Blink's presence in the U.S. and Europe positions it well for growth. Despite muted earnings and cash burn, cost-cutting measures and potential positive EBITDA by 2025 are key triggers for stock upside.

Blink Charging: Correction Provides A Good Entry Opportunity

Blink Charging is stepping in to support former Enel X and JuiceBox customers with cost-effective solutions and immediate upgrades, ensuring uninterrupted access to reliable EV charging equipment and services.

Blink Charging Steps in To Support Isolated Enel X Customers

New Lucid Air Tourings Now Available for Car Share Opportunities Los Angeles, CA, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Envoy Technologies Inc. (“Envoy”),  a Blink Charging Co. entity and leading provider of electric vehicle car-sharing services and community-based electric vehicles (EVs) has announced the introduction of award-winning Lucid Air EVs as part of its car share programs, starting with resident car share installations at three California luxury properties. The launch has begun at The Holland Group's Orlo  in Santa Clara; the Monticello  property, also in Santa Clara, and the Beaudry luxury apartments in Downtown Los Angeles.

Envoy Technologies Inc. Launches Turnkey, On-Demand Luxury Lucid EV Sharing as an Amenity

Blink 's charging solutions have empowered drivers, hosts, and fleets to transition smoothly to electric transportation, contributing to EV charging infrastructure worldwide.

Blink Charging Surpasses 100,000 Charger Milestone

BLNK is set to reduce its global workforce by 14% to enhance operational efficiency by optimizing company functions.

Blink to Reduce Headcount by 14% to Improve Operational Efficiency

Electric vehicle charging equipment maker Blink Charging said on Tuesday it would lay off about 14% of its global workforce, as part of a cost reduction plan.

Blink Charging to cut 14% of global workforce as part of cost reduction plan

EV Charging Infrastructure Leader to Implement Operational Cost Reduction Plan. Bowie, MD, Sept.

Blink Charging to Position Company for the Future by Implementing Planned Operational Cost Reductions

On September 12 th , 2024, Brendan Jones and Michael Battaglia will host a fireside chat, marking the first joint live discussion since announcing leadership changes coming in 2025.

Blink Charging to Host ‘CEO to Future CEO' Fireside Chat on EV Industry Developments and Strategic Vision

WEX celebrates World EV Day by welcoming Blink Charging and another brand to its expanding EV Network in the US. These new additions bring WEX's total network to approximately 130,000 public chargers nationwide.

Blink Joins WEX in Advancing EV Charging Solutions for Mixed Fleets

Bowie, MD, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Blink Charging Co.  (NASDAQ: BLNK) (“Blink” or the “Company”), a leading manufacturer, owner, operator, and provider of electric vehicle (EV) charging equipment and services, today announced that Brendan Jones, President and CEO, will present at the H.C. Wainwright 26th Annual Global Investment Conference on Tuesday, September 10 at 4:00 pm ET in New York City. Mr. Jones will also be available for one-on-one meetings throughout the day.

Blink Charging President and CEO, Brendan Jones, to Present at the H.C. Wainwright 26th Annual Global Investment Conference

Current Blink President & CEO Brendan Jones to Retire on January 31, 2025 Bowie, Md., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading global manufacturer, owner, operator and provider of electric vehicle (EV) charging equipment and services, today announced that its President & CEO, Brendan Jones, will retire on January 31, 2025 concluding 5 years of dedicated service.

Blink Charging Announces Retirement of President and CEO Brendan Jones and the Appointment of Michael Battaglia as Successor

Bowie, Maryland, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK), a leading global manufacturer, owner, operator, and provider of electric vehicle (EV) charging equipment and services, has entered into a strategic collaboration with Create Energy, a Tennessee-based renewable energy company, to deliver next- generation energy management products and solutions. This alliance will allow customers to integrate their energy assets through one centralized platform.

Blink Charging and Create Energy Form Strategic Alliance to Revolutionize Energy Management with ‘One-Stop-Shop' for Next-Generation EV and Renewable Solutions

News for Blink Charging Stock (BLNK)