Blink Charging Co Stock Price, News & Analysis

Blink Charging (NASDAQ: BLNK) has appointed Michael Bercovich as its new Chief Financial Officer, effective June 23rd, 2025. Bercovich brings over 20 years of experience in global finance and accounting, having previously served as CFO at several companies including Helios Global Payments Solutions and Elements Global Services. Throughout his career, he has successfully raised over $250M in capital and managed financial operations in over 40 countries. He replaces Michael Rama, who is departing to pursue other opportunities. Robert Strauss from FTI Consulting will serve as Interim CFO until Bercovich's start date. The appointment comes as Blink continues its focus on growth and path to profitability in the EV charging infrastructure sector.

Blink Charging has partnered with WirelessCar and ChargeHub to launch 'Seamless Charging', an innovative pilot program across North America. The initiative aims to simplify EV charging through a single-app signup system that eliminates the need for multiple apps, tags, and cards. After registering with the ChargeHub app and activating Seamless Charging, drivers can simply plug in at any Blink charging station without additional steps. The system leverages connected vehicle data and real-time events to streamline the charging process, making it particularly beneficial for drivers without home charging access. The collaboration between these industry leaders represents a significant step toward making EV charging more accessible and convenient, potentially accelerating the adoption of electric vehicles across the United States and Canada.

Blink Charging (NASDAQ: BLNK), a leading EV charging infrastructure company, has announced a strategic restructuring plan that includes a 20% reduction in its global workforce. This initiative, part of the company's BlinkForward strategy, aims to streamline operations and enhance efficiency. The restructuring is expected to generate annual savings of over $11 million, with associated costs between $1-1.5 million for severance and related expenses.

The workforce reduction, scheduled to complete by the end of Q3 2025, is designed to create a more focused and agile organization. The company will provide severance packages and outplacement services to affected employees. CEO Mike Battaglia emphasized that these measures are crucial for long-term success and maintaining market leadership in the EV charging sector.

[ "Expected annual cost savings of over $11 million from restructuring", "Strategic realignment to improve operational efficiency and agility", "Relatively low restructuring costs ($1-1.5M) compared to expected savings" ]

Blink Charging (NASDAQ: BLNK) reported Q1 2025 financial results with total revenues of $20.8 million, down 44.8% from Q1 2024. While service revenues grew 29.2% to $10.6 million, product sales declined 69.5%. The company achieved a gross margin of 35.5% and added 319 Blink-owned chargers to its network. Net loss widened to $20.7 million ($0.20 per share) compared to $17.2 million in Q1 2024. Cash position stood at $42.0 million with no debt. Despite revenue shortfall due to economic uncertainty, management expects sequential revenue growth in Q2 2025 and continued service revenue increases throughout the year. Post-quarter, Blink partnered with Create Energy to launch a turnkey NanoGrid™ solution combining energy storage with EV charging infrastructure.

Blink Charging (NASDAQ: BLNK), a global leader in EV charging solutions, has scheduled its first quarter 2025 earnings announcement for Monday, May 12, 2025, after market close. The company will host a conference call and webcast at 4:30 p.m. Eastern Time to discuss financial results for the quarter ending March 31, 2025.

Interested participants can access the event through multiple channels:

• Webcast: Available on www.blinkcharging.com under Investor Relations
• Direct webcast link: https://www.webcaster4.com/Webcast/Page/2468/52394
• Phone participation: Domestic (877) 545-0320, International (973) 528-0002
• Access code: 941998

A replay will be available until June 11, 2025, accessible by dialing (877) 481-4010 for domestic callers or (919) 882-2331 for international callers, using conference ID: 52394.

Blink Charging (NASDAQ: BLNK) and Create Energy have launched a groundbreaking turnkey solution combining EV charging, solar, and energy storage technology. The integrated system merges Blink's advanced L2 and DCFC chargers with Create Energy's Nanogrid technology into a single, deployable package.

Key features of this industry-first solution include:

• Reduced operating costs through peak demand management
• Enhanced grid resiliency and energy independence
• Scalable deployment options
• Elimination of common barriers like grid constraints and permitting delays

The partnership involves a dual market agreement, allowing both companies to sell the solution to their respective markets. The rollout begins in the U.S., with plans for global expansion across all Blink markets. The system has already proven successful, with a notable installation at Nissan North America headquarters demonstrating continuous operation since launch.

Blink Charging (NASDAQ: BLNK) has announced a strategic partnership with Eco-Movement to enhance its EV charging network visibility and data accuracy. The collaboration will make Blink's charging stations more accessible across major search engines, digital maps, charging apps, and navigation systems.

Eco-Movement maintains a comprehensive global database of public and semi-public EV charging points with real-time availability information. The platform provides detailed data including addresses, operators, costs, accessibility, truck suitability, roaming partners, pricing, and payment options.

According to Mike Battaglia, Blink's President and CEO, this partnership represents a significant milestone in improving the EV driver experience and charging solution accessibility. The collaboration ensures that drivers worldwide can easily locate Blink chargers and receive real-time updates on charger availability, aligning with Blink's 'right charger, right place, right time' strategy.

Blink Charging Co. (BLNK) has successfully regained compliance with Nasdaq's periodic filing requirements, as confirmed by a Nasdaq letter dated April 10, 2025. The company, a global leader in EV charging equipment and services, filed its Form 10-K for the year ended December 31, 2024, on April 9, 2025.

The filing maintained consistency with the financial results previously reported in the company's Q4 and full year 2024 communications from March 13, 2025, with no restatements of prior financial statements required.

Blink Charging Co. (NASDAQ: BLNK), a leading global EV charging equipment and services provider, has announced the filing of its Form 10-K for the fiscal year ended December 31, 2024 with the SEC. The filing maintains consistency with the financial results previously reported in the company's Q4 and full year 2024 earnings release from March 13, 2025.

The company confirmed that no restatements of previous financial statements were required. Following this Form 10-K submission, Blink expects to regain compliance with NASDAQ requirements in the near future.