earnings
confidence high
sentiment negative
materiality 0.70
Blink Charging Q1 2025 revenue misses; net loss widens to $20.7M
Blink Charging Co.
2025-Q1 EPS reported
-$0.20
revenue$20,754,000
- Total revenue $20.8M, down 44.8% YoY; product sales plummeted 69.5% to $8.4M.
- Service revenue grew 29.2% to $10.6M; gross margin steady at 35.5%.
- Net loss $20.7M ($0.20 EPS) vs $17.2M loss ($0.17 EPS) a year ago; adjusted EBITDA loss $15.5M.
- Added 319 Blink-owned chargers in Q1; post-quarter launched turnkey NanoGrid with Create Energy.
- Guidance: expects sequential revenue growth in Q2 2025 and continued H2 growth; targeting reduced cash burn.