Blink Charging (NASDAQ:BLNK – Get Free Report) posted its quarterly earnings results on Monday. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01, FiscalAI reports. Blink Charging had a negative return on equity of 84.25% and a negative net margin of 82.60%.The firm had revenue of $20.78 million during the quarter, compared to the consensus estimate of $21.70 million.
Here are the key takeaways from Blink Charging’s conference call:
- Recurring/service revenue grew 25% year‑over‑year to $13.3 million, signaling the company’s core repeatable revenue engine is beginning to scale.
- Operating expenses were cut roughly 35% year‑over‑year and adjusted EBITDA loss improved 64% year‑over‑year, reflecting a completed restructuring and sustained cost discipline.
- Blink ended Q1 with $38 million in cash, no debt, positive operating cash flow of $0.7M, and controlled quarter cash burn (~$1.7M), providing runway to fund planned investments.
- The company is advancing a near‑term DC fast‑charging build of 27 sites / 136 stalls (most targeted live by year‑end) funded by last December’s ~$18.5M net raise, but execution and additional capex will determine the ultimate returns.
Blink Charging Stock Up 13.1%
Shares of NASDAQ BLNK traded up $0.11 during midday trading on Monday, hitting $0.96. 9,098,509 shares of the company’s stock were exchanged, compared to its average volume of 2,589,305. Blink Charging has a 12 month low of $0.45 and a 12 month high of $2.65. The company’s 50 day moving average price is $0.66 and its 200 day moving average price is $0.91. The firm has a market capitalization of $137.35 million, a PE ratio of -1.21 and a beta of 1.99.
Wall Street Analysts Forecast Growth
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Institutional Trading of Blink Charging
Several institutional investors have recently added to or reduced their stakes in BLNK. Engineers Gate Manager LP boosted its stake in Blink Charging by 58.8% in the 2nd quarter. Engineers Gate Manager LP now owns 29,312 shares of the company’s stock valued at $28,000 after purchasing an additional 10,851 shares during the period. State of Wyoming bought a new stake in Blink Charging in the 4th quarter valued at $29,000. Squarepoint Ops LLC bought a new stake in Blink Charging in the 3rd quarter valued at $33,000. Kestra Advisory Services LLC boosted its stake in Blink Charging by 60.5% in the 4th quarter. Kestra Advisory Services LLC now owns 50,248 shares of the company’s stock valued at $34,000 after purchasing an additional 18,950 shares during the period. Finally, Charles Schwab Investment Management Inc. bought a new stake in Blink Charging in the 4th quarter valued at $60,000. 44.64% of the stock is currently owned by institutional investors.
Blink Charging Company Profile
Blink Charging Co is a provider of electric vehicle (EV) charging solutions, offering a nationwide network of charging stations and related software services. The company designs, develops and markets Level 2 AC and DC fast charging equipment, as well as a cloud-based management platform that enables real-time monitoring, analytics and payment processing. Its integrated approach addresses the needs of commercial, residential and fleet customers looking to deploy EV infrastructure.
Blink’s product portfolio includes a suite of charging stations suitable for parking garages, retail locations, hospitality venues and multiunit dwellings.
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