Blink Charging Co
NASDAQ:BLNK
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Blink Charging Co
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Blink Charging Co
Blink Charging Co. engages in the operation and provision of electric vehicles, charging equipment, and networked EV charging services. The company is headquartered in Miami Beach, Florida and currently employs 191 full-time employees. The company went IPO on 2008-05-22. The company offers residential and commercial EV charging equipment and services, enabling EV drivers to recharge at various location types. Its principal line of products and services includes its Blink EV charging network (the Blink Network) and Blink EV charging equipment, also known as electric vehicle supply equipment (EVSE) and other EV-related services. The Blink Network is a cloud-based system that operates, maintains, and manages Blink charging stations and handles the associated charging data, back-end operations, and payment processing. The Blink Network provides property owners, managers, parking companies, and state and municipal entities (Property Partners), among other types of commercial customers, with cloud-based services that enable the remote monitoring and management of EV charging stations.
Blink Charging Co. engages in the operation and provision of electric vehicles, charging equipment, and networked EV charging services. The company is headquartered in Miami Beach, Florida and currently employs 191 full-time employees. The company went IPO on 2008-05-22. The company offers residential and commercial EV charging equipment and services, enabling EV drivers to recharge at various location types. Its principal line of products and services includes its Blink EV charging network (the Blink Network) and Blink EV charging equipment, also known as electric vehicle supply equipment (EVSE) and other EV-related services. The Blink Network is a cloud-based system that operates, maintains, and manages Blink charging stations and handles the associated charging data, back-end operations, and payment processing. The Blink Network provides property owners, managers, parking companies, and state and municipal entities (Property Partners), among other types of commercial customers, with cloud-based services that enable the remote monitoring and management of EV charging stations.
Transformation: Management said BlinkForward largely hit its 2025 goals, with the company shifting from restructuring to scaling a leaner, more focused business.
Revenue Mix: Q4 revenue was $27 million, flat year over year, but service revenue grew 62% to $14.7 million and became 54% of total revenue, showing a higher-quality mix.
Margins: Reported Q4 gross margin was 15.8% because of $5.9 million in noncash inventory charges; adjusted gross margin was 37.8%, and management expects about 35% for full-year 2026.
Cost Cuts: Adjusted operating expenses fell to $17.1 million in Q4, down from $25.2 million at the start of 2025, and cash burn stabilized at about $2 million per quarter.
Growth Plan: The company is leaning into DC fast charging, with about 30 sites and roughly 150 ports in review or construction, plus a backlog management said is around $100 million if capital is available.
2026 Outlook: Management guided 2026 revenue to $105 million to $150 million, gross margin to 34% to 35%, and said adjusted EBITDA loss should improve meaningfully, with profitability still the long-term goal.
Q&A Focus: Analysts pressed on how restructuring will keep helping in 2026, what drives margin expansion, and how Blink plans to grow through site optimization, market share gains, and selective M&A.