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Mar 31, 2025
Blink Charging Q1 2025 Earnings Report
Blink Charging reported lower total revenues and higher net loss in Q1 2025, despite growth in service revenues and margin stability.
Key Takeaways
In Q1 2025, Blink Charging faced a revenue decline primarily due to decreased product sales, but service revenues showed healthy growth. The company maintained stable gross margins and made strategic progress post-quarter, including launching a turnkey energy solution.
Total revenues were $20,754,000, down from $37,568,000 in Q1 2024
Service revenues rose 29.2% year-over-year to $10,581,000
Net loss widened to $20,707,000 or ($0.20) per share
Gross margin held steady at 35.5%, with gross profit of $7,369,000
Revenue by Segment
Forward Guidance
Blink Charging expects sequential revenue growth in Q2 2025 and aims to continue expanding service revenues and reduce operating expenses.
Positive Outlook
- Service revenues expected to continue increasing
- Improved order activity observed post-quarter in April
- Focused on reducing operating expenses and cash burn
- New NanoGrid energy storage solution launched with Create Energy
- Strategic agreements expanding Blink’s market footprint globally
Challenges Ahead
- Total revenue declined 44.8% year-over-year
- Product sales dropped by 69.5%
- Net loss increased to $20.7 million
- Adjusted EBITDA loss worsened to $15.5 million
- Cash burn remains a concern despite improved liquidity
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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