Latest news with #BLNK
Yahoo
14-05-2025
- Business
- Yahoo
Blink Charging price target lowered to $5 from $8 at H.C. Wainwright
H.C. Wainwright analyst Sameer Joshi lowered the firm's price target on Blink Charging (BLNK) to $5 from $8 and keeps a Buy rating on the shares following the Q1 report. The firm cites continued weakness in product sales, which dropped down 69.5% year-over-year to $8.4M in Q1, for the target cut. The analyst remains cautious as Blink navigates the 'prevailing headwinds' challenging the electric vehicle charging industry, as well as the uncertain macroeconomic and geopolitical environment. H.C. Wainwright believes the company continues to target monetization of its ride-sharing business during 2025. Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on BLNK: Disclaimer & DisclosureReport an Issue Blink Charging Co. Faces Revenue Challenges Despite Cost Management Progress: Hold Rating Maintained Blink Charging Reports Q1 2025 Financial Results Blink Charging price target lowered to $1 from $2 at B. Riley Options Volatility and Implied Earnings Moves Today, May 12, 2025 Options Volatility and Implied Earnings Moves This Week, May 12 – May 15, 2025 Sign in to access your portfolio
Yahoo
13-05-2025
- Business
- Yahoo
Blink Charging Co (BLNK) Q1 2025 Earnings Call Highlights: Navigating Revenue Challenges Amidst ...
Total Revenue: $20.8 million in Q1 2025, down from $37.6 million in Q1 2024. Product Revenue: $8.4 million in Q1 2025, compared to $27.5 million in Q1 2024. Service Revenue: Increased 29.2% to $10.6 million in Q1 2025 from $8.2 million in Q1 2024. Gross Profit: $7.4 million, or 35.5% of revenues, compared to $13.4 million, or 35.7% of revenues in Q1 2024. Operating Expenses: Decreased 7.9% to $28.5 million from $30.9 million in Q1 2024. Loss Per Share: $0.20 in Q1 2025, compared to a loss of $0.17 in Q1 2024. Adjusted Loss Per Share: $0.18 in Q1 2025, compared to $0.13 in Q1 2024. Adjusted EBITDA: Loss of $15.5 million in Q1 2025, compared to a loss of $10.2 million in Q1 2024. Cash and Equivalents: $42 million as of March 31, 2025, compared to $55 million as of December 31, 2024. Company-Owned Chargers: 7,091 units, a 22% increase year over year. Charging Service Revenue Growth: Increased 35% year over year. Electricity Delivered: 50 gigawatt hours, a 66% increase year over year. Operating Cash Burn Reduction: Reduced by 45% in the quarter. Warning! GuruFocus has detected 6 Warning Signs with BLNK. Release Date: May 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Charging service revenue increased by 35% year over year, reaching a new record high. Operating expenses were reduced by 8%, marking the lowest level in nearly three years. The Blink networks delivered approximately 50 gigawatt hours of electricity, representing a 66% increase year over year. The company closed the quarter with a 22% increase in company-owned chargers, totaling 7,091 units. Blink's international presence is strong, with significant growth in Europe and a new 15-year contract in the UK valued at over GBP500,000. Product sales declined sharply to $8.4 million from $27.5 million in Q1 2024. The company reported a loss per share of $0.20, compared to a loss of $0.17 in the prior-year period. Adjusted EBITDA for the first quarter was a loss of $15.5 million, compared to a loss of $10.2 million in the prior year. Cash, cash equivalents, and marketable securities decreased to $42 million from $55 million as of December 31, 2024. The current product portfolio does not sufficiently address the value-oriented segment of the market, impacting performance. Q: Can you discuss the factors contributing to the improvement in gross margins and whether this trend is expected to continue? A: Michael Battaglia, President and CEO, explained that the first quarter saw a larger mix of Level 2 chargers, which generally helps margins. As they move into Q2, they expect more DC fast chargers, which could impact margins. However, the shift to Blink-built Level 2 units should help maintain margins in the mid-30s range throughout the year. Q: What considerations are involved in the decision to build versus buy new value-oriented products, and how does this impact time to market? A: Michael Battaglia emphasized the importance of control over product quality and reliability, which is why Blink prefers to assemble chargers themselves. They have expanded production capacity in India and Bowie, Maryland, allowing flexibility in bringing new chargers to market without significant expansion. Q: How are you managing expenses related to the business spin-off and restructuring efforts? A: Michael Rama, CFO, noted that share-based compensation has been consistent, and they are integrating acquisitions to achieve savings. Michael Battaglia added that they are taking actions to reduce costs, such as renegotiating software contracts and consolidating facilities, to responsibly manage expenses. Q: What is the aspirational target for service margins, and how do you plan to achieve it? A: Michael Battaglia stated that the aspirational target for service margins is in the mid-20s. While product development costs are modest, the focus is on growing the top line and improving sales, particularly with the new Head of Sales driving initiatives like the Create Energy collaboration. Q: Can you elaborate on the strategy for capitalizing on market consolidation? A: Michael Battaglia mentioned that they are considering tuck-in acquisitions that can help Blink grow faster. They have specific companies in mind and are exploring opportunities that align with their strategic goals. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
13-05-2025
- Business
- Yahoo
Blink Charging: Q1 Earnings Snapshot
BOWIE, Md. (AP) — BOWIE, Md. (AP) — Blink Charging Co. (BLNK) on Monday reported a loss of $20.7 million in its first quarter. The Bowie, Maryland-based company said it had a loss of 20 cents per share. Losses, adjusted for non-recurring costs and amortization costs, came to 18 cents per share. The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share. The company posted revenue of $20.8 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $27 million. In the final minutes of trading on Monday, the company's shares hit 86 cents. A year ago, they were trading at $2.82. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on BLNK at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Washington Post
12-05-2025
- Business
- Washington Post
Blink Charging: Q1 Earnings Snapshot
BOWIE, Md. — BOWIE, Md. — Blink Charging Co. (BLNK) on Monday reported a loss of $20.7 million in its first quarter. The Bowie, Maryland-based company said it had a loss of 20 cents per share. Losses, adjusted for non-recurring costs and amortization costs, came to 18 cents per share. The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.
Yahoo
12-05-2025
- Business
- Yahoo
Blink Charging: Q1 Earnings Snapshot
BOWIE, Md. (AP) — BOWIE, Md. (AP) — Blink Charging Co. (BLNK) on Monday reported a loss of $20.7 million in its first quarter. The Bowie, Maryland-based company said it had a loss of 20 cents per share. Losses, adjusted for non-recurring costs and amortization costs, came to 18 cents per share. The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share. The company posted revenue of $20.8 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $27 million. In the final minutes of trading on Monday, the company's shares hit 86 cents. A year ago, they were trading at $2.82. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on BLNK at Sign in to access your portfolio
