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Blink Charging Co (BLNK)
NASDAQ:BLNK
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Blink Charging Co
(NASDAQ:BLNK)
52Neutral
Positive Factors
Competitive Advantage
Blink's vertically integrated and in-house manufacturing model provides competitive advantages through improved margins and enhanced control over production processes.
Operational Efficiency
Blink continues to successfully drive down operating expenses through cost-out initiatives, efficiencies, and scale, and remains focused on achieving sustainable positive adjusted EBITDA.
Service Revenue Growth
Service revenues of $9.8 million beat the estimate by 8.4%, growing 12.4% and 24.0% from previous quarters.
Negative Factors
EV Adoption Concerns
Weakened consumer sentiment around EV adoption driven by a higher interest rate environment.
Financial Challenges
The company reported a significant net loss for the quarter, highlighting financial challenges.
Regulatory Challenges
Regulatory headwinds are likely flattening the EV adoption curve, adding uncertainty to growth projections.
Blink Charging Co (BLNK) vs. S&P 500 (SPY)
Market Cap
$75.82M
Dividend YieldN/A
Average Volume (3M)3.31M
Price to Earnings (P/E)―
Beta (1Y)1.79
Revenue Growth-10.24%
EPS Growth37.82%
CountryUS
Employees542
SectorIndustrials
Sector Strength78
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-1.96
Shares Outstanding102,717,130
10 Day Avg. Volume2,811,572
30 Day Avg. Volume3,314,732
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.27
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit2.04
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$2.86Price Target Upside291.78% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
Blink Charging Co Business Overview & Revenue Model
Company DescriptionBlink Charging Co (BLNK) is a leading provider in the electric vehicle (EV) charging infrastructure sector. The company specializes in the development, deployment, and operation of a comprehensive network of charging stations across various geographic regions. Blink Charging Co offers a range of products and services, including residential and commercial EV charging equipment, as well as cloud-based software solutions for charging management and network connectivity. As the demand for electric vehicles continues to grow, Blink Charging Co plays a crucial role in supporting the transition to cleaner transportation solutions.
How the Company Makes MoneyBlink Charging Co generates revenue through multiple streams centered around its EV charging solutions. The primary revenue sources include the sale of EV charging equipment to commercial and residential customers and the operation of a growing network of publicly accessible charging stations. Blink Charging Co also earns money through its membership plans, which offer users access to discounted charging rates and other benefits. Additionally, the company leverages strategic partnerships with businesses, municipalities, and property owners to expand its network and enhance service offerings. These partnerships often involve revenue-sharing agreements that contribute to the company's earnings. Blink Charging Co's software solutions and network management services provide an additional layer of recurring revenue, as clients seek robust solutions for managing their EV charging needs.
Blink Charging Co Key Performance Indicators (KPIs)
Any
Revenue by Segment
Analyzes revenue from different business areas, highlighting which segments drive growth and profitability, and indicating potential areas for expansion or risk for Blink Charging Co.
Analyzes revenue from different business areas, highlighting which segments drive growth and profitability, and indicating potential areas for expansion or risk for Blink Charging Co.
Data provided by:
Main Street Data
Main Street DataBlink Charging Co Financial Statement Overview
Summary
Blink Charging Co. shows strong revenue growth, but persistent net losses and negative cash flows are major concerns. The balance sheet shows strong equity growth, though data inconsistencies exist. Profitability and cash flow improvements are essential.Income Statement
Blink Charging Co. has shown significant revenue growth over the years, with total revenue increasing from $2.76 million in 2019 to $140.6 million in 2023. However, the company has consistently reported negative net income, indicating profitability challenges. The net profit margin remains negative, and EBIT and EBITDA margins are also negative, suggesting operational inefficiencies. Despite strong revenue growth, the company's inability to achieve profitability is a concern.55
Neutral
Balance Sheet
The company's balance sheet shows strong equity growth, with stockholders' equity increasing from $7.4 million in 2019 to $289.4 million in 2023. The debt-to-equity ratio is low, indicating limited financial leverage, which is a positive aspect. However, the equity ratio cannot be determined for 2024 due to zero total assets reported. This anomaly requires further investigation. Overall, the balance sheet suggests a strong equity base but with potential data inconsistencies.60
Neutral
Cash Flow
Blink Charging Co. has faced challenges in generating positive free cash flow, with consistently negative free cash flow reported over the years. The operating cash flow to net income ratio is not available for 2024, as both metrics are zero or negative. The company's heavy reliance on financing activities to support cash flows highlights potential liquidity concerns. Improvements in cash flow generation are necessary for financial stability.50
Neutral
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 126.20M | 140.60M | 61.14M | 20.94M | 6.23M | Gross Profit |
| 47.08M | 44.46M | 14.80M | 2.84M | 1.52M | EBIT |
| -199.95M | -199.69M | -89.27M | -55.67M | -17.81M | EBITDA |
| -183.58M | -93.12M | -79.72M | -52.94M | -17.17M | Net Income Common Stockholders |
| -198.13M | -203.69M | -91.56M | -53.89M | -18.00M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 55.40M | 121.69M | 36.56M | 174.79M | 22.34M | Total Assets |
| 217.99M | 428.52M | 362.54M | 231.91M | 34.55M | Total Debt |
| 10.77M | 17.94M | 5.49M | 2.09M | 1.56M | Net Debt |
| -41.77M | -103.75M | -31.07M | -172.71M | -20.78M | Total Liabilities |
| 99.29M | 139.12M | 101.58M | 18.08M | 7.39M | Stockholders Equity |
| 194.51M | 289.40M | 260.96M | 213.83M | 27.16M |
| Cash Flow | Free Cash Flow | |||
| -55.78M | -105.12M | -87.91M | -47.87M | -20.62M | Operating Cash Flow |
| -47.16M | -97.57M | -82.36M | -40.57M | -18.07M | Investing Cash Flow |
| 4.15M | -13.24M | -57.44M | -30.45M | 260.24K | Financing Cash Flow |
| -12.42M | 197.31M | 6.39M | 223.27M | 36.06M |
Blink Charging Co Technical Analysis
Negative
0.73
Price Trends
0.89
Negative
1.14
Negative
1.61
Negative
Market Momentum
-0.05
Negative
42.50
Neutral
53.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BLNK, the sentiment is Negative. The current price of 0.73 is below the 20-day moving average (MA) of 0.74, below the 50-day MA of 0.89, and below the 200-day MA of 1.61, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 42.50 is Neutral, neither overbought nor oversold. The STOCH value of 53.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BLNK.
Blink Charging Co Risk Analysis
Blink Charging Co disclosed 39 risk factors in its most recent earnings report. Blink Charging Co reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Blink Charging Co Peers Comparison
Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $4.21B | 11.55 | 5.28% | 250.72% | 4.13% | -9.42% | |
59 Neutral | $59.82M | 5.09 | 10.06% | ― | -13.61% | ― | |
56 Neutral | $29.01M | ― | -385.84% | ― | -5.96% | -50.28% | |
52 Neutral | $75.82M | ― | -97.10% | ― | -10.24% | 37.82% | |
44 Neutral | $7.00M | ― | -10.62% | 7.55% | 11.36% | 22.93% | |
42 Neutral | $86.69M | ― | -18.96% | ― | 11.09% | 0.41% | |
36 Underperform | $4.69M | ― | -438.89% | ― | -21.35% | -155.36% |
* Industrials Sector Average
Performance Comparison
BLNK
Blink Charging Co
0.74
-2.30
-75.66%
CBAT
CBAK Energy Technology
0.75
-0.37
-33.04%
FCEL
Fuelcell Energy
4.08
-22.92
-84.89%
HIHO
Highway Holdings
1.59
-0.39
-19.70%
FLUX
Flux Power Holdings
1.73
-3.18
-64.77%
DFLI
Dragonfly Energy Holdings Corp
0.59
-8.23
-93.31%
Blink Charging Co Earnings Call Summary
Earnings Call Date:Mar 13, 2025
(Q4-2024)
| % Change Since: -18.89%|
Next Earnings Date:May 08, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted significant progress in service revenue growth, cost reduction, and expansion of Blink-owned chargers. However, the decrease in total revenues and increased loss per share indicate ongoing challenges in achieving profitability. The company is taking strategic actions to improve its financial position and capitalize on market opportunities.Q4-2024 Updates
Positive Updates
Record Service Revenue Growth
Blink Charging Co. achieved record full-year service revenues of $35 million, a 32% increase year over year, driven by increased utilization and a greater number of Blink-owned chargers.
Significant Reduction in Cash Burn
Operating expenses were reduced by 24% in 2024, and cash burn was cut by 51%, from $18 million per quarter at the end of 2023 to $9 million per quarter at the end of 2024.
Expansion of Blink-Owned Chargers
Blink Charging Co. increased its number of company-owned chargers by 33% year over year, ending 2024 with 6,867 chargers. This expansion significantly contributed to the revenue increase.
Strong Performance in Europe
Blink Charging Co. maintained a strong presence in Europe with notable EV sales growth in the UK and Belgium, contributing to revenue and profitability diversification.
Gross Margin Improvement
The full-year gross margin improved to 32%, and could have been 35% excluding asset adjustment impacts. This reflects efficient cost management and improved operational efficiency.
Negative Updates
Decrease in Total Revenues
Total revenues for 2024 were $126.2 million, down from $140.6 million in 2023, primarily due to challenging comparisons with significant DC fast charger sales in 2023.
Increased Loss Per Share
The loss per share for the full year 2024 was $8.60, up from $2.30 in the prior year, indicating challenges in achieving profitability despite revenue growth in certain areas.
Impact of Asset Adjustments
Q4 gross profit was impacted by an asset adjustment of $2.9 million related to product upgrades, which affected the gross margin negatively.
Company Guidance
During the Blink Charging Co.'s fourth quarter 2024 earnings call, the company presented several financial and strategic metrics highlighting its performance and future direction. The consolidated revenue for Q4 2024 reached $30 million, marking a 20% sequential increase from Q3 2024, while service revenues grew by 24% year-over-year to $9.8 million. Network fees increased 9% year-over-year to $2.4 million, and the total energy dispersed across their networks reached 42.5 gigawatt hours, a 100% increase from the previous year. For the full year, Blink Charging Co. reported total revenues of $126 million with a gross margin of 32%. The company also achieved a 51% reduction in cash burn, bringing quarterly operating cash burn down from $18 million at the end of 2023 to $9 million by the end of 2024. Additionally, Blink Charging Co. aimed to continue this trajectory into 2025, focusing on increasing service revenues, optimizing operations, and pursuing strategic growth in the owner-operator model for its charging networks.Blink Charging Co Corporate Events
Executive/Board ChangesBusiness Operations and Strategy
Blink Charging Co Extends Aviv Hillo’s Employment
Positive
Apr 29, 2025
On April 25, 2025, Blink Charging Co announced a new employment agreement with Aviv Hillo, extending his role as General Counsel and Executive Vice President of Mergers and Acquisitions until June 1, 2027. The agreement includes a base salary of $456,000, performance-based bonuses, and equity awards, with specific performance targets to be met, highlighting the company’s focus on strategic growth and retention of key personnel.
Spark’s Take on BLNK Stock
According to Spark, TipRanks’ AI Analyst, BLNK is a Neutral.
Blink Charging Co. is facing several challenges, including profitability issues and technical weaknesses. While there are strengths such as revenue growth and strategic moves to optimize operations, significant hurdles like valuation concerns and regulatory compliance issues impact the overall score. The ongoing efforts to improve financial stability and leadership changes provide some optimism but are offset by the current financial and market conditions.
To see Spark’s full report on BLNK stock, click here.
Delistings and Listing ChangesRegulatory Filings and Compliance
Blink Charging Co Faces Nasdaq Non-Compliance Notice
Negative
Apr 8, 2025
On April 2, 2025, Blink Charging Co. received a notification from Nasdaq indicating non-compliance with the periodic financial reporting requirements due to the late filing of its Form 10-K for the year ended December 31, 2024. The company has 60 days to submit a plan to regain compliance, potentially receiving an extension until September 29, 2025, if accepted. Blink is working diligently to complete and file the Form 10-K promptly to meet Nasdaq’s requirements.
Spark’s Take on BLNK Stock
According to Spark, TipRanks’ AI Analyst, BLNK is a Neutral.
Blink Charging Co. shows potential with strong revenue growth and strategic corporate events, such as appointing a new CEO and resolving an SEC investigation. However, ongoing profitability and cash flow challenges, coupled with a negative P/E ratio, weigh heavily on the stock’s overall attractiveness.
To see Spark’s full report on BLNK stock, click here.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.