BLNK

Earnings results often indicate what direction a company will take in the months ahead. With Q2 behind us, let’s have a look at Blink Charging (NASDAQ:BLNK) and its peers. Renewable energy companies are buoyed by the secular trend of green energy that is upending traditional power generation. Those who innovate and evolve with this dynamic market can win share while those who continue to rely on legacy technologies can see diminishing demand, which includes headwinds from increasing regulation against “dirty” energy. Additionally, these companies are at the whim of economic cycles, as interest rates can impact the willingness to invest in renewable energy projects. The 15 renewable energy stocks we track reported a satisfactory Q2. As a group, revenues beat analysts’ consensus estimates by 3.1% while next quarter’s revenue guidance was 7.9% below. In light of this news, share prices of the companies have held steady as they are up 2.3% on average since the latest earnings results. One of the first EV charging companies to go public, Blink Charging (NASDAQ:BLNK) is a manufacturer, owner, operator, and provider of electric vehicle charging equipment and networked EV charging services. Blink Charging reported revenues of $21.67 million, down 24.5% year on year. This print fell short of analysts’ expectations by 11.5%, but it was still a strong quarter for the company with a beat of analysts’ EPS and EBITDA estimates. Blink Charging delivered the slowest revenue growth of the whole group. Interestingly, the stock is up 10% since reporting and currently trades at $0.59. We think Blink Charging is a good business, but is it a buy today? Read our full report here, it’s free. Working in stealth mode for eight years, Bloom Energy (NYSE:BE) designs, manufactures, and markets solid oxide fuel cell systems for on-site power generation. Bloom Energy reported revenues of $1.07 billion, up 166% year on year, outperforming analysts’ expectations by 27.7%. The business had an incredible quarter with a beat of analysts’ EPS and EBITDA estimates. Bloom Energy achieved the biggest analyst estimate beat, fastest revenue growth, and highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 38.6% since reporting. It currently trades at $231.23. Is now the time to buy Bloom Energy? Access our full analysis of the earnings results here, it’s free. Pioneering the use of lithium-ion batteries for grid storage, Fluence (NASDAQ:FLNC) helps store renewable energy sources with battery systems. Fluence Energy reported revenues of $649.8 million, up 7.9% year on year, falling short of analysts’ expectations by 18.8%. It was a disappointing quarter as it posted full-year revenue and EBITDA guidance missing analysts’ expectations. Fluence Energy delivered the weakest performance against analyst estimates and weakest full-year guidance update in the group. As expected, the stock is down 6.9% since the results and currently trades at $13.25. Read our full analysis of Fluence Energy’s results here. The first company to successfully commercialize the solar micro-inverter, Enphase (NASDAQ:ENPH) manufactures software-driven home energy products. Enphase reported revenues of $291.9 million, down 19.6% year on year. This result surpassed analysts’ expectations by 0.6%. Zooming out, it was a mixed quarter as it logged EPS in line with analysts’ estimates. The stock is up 11.3% since reporting and currently trades at $40.41. Read our full, actionable report on Enphase here, it’s free. Created through a settlement between NRG Energy and the California Public Utilities Commission, EVgo (NASDAQ:EVGO) is a provider of electric vehicle charging solutions, operating fast charging stations across the United States. EVgo reported revenues of $82.65 million, down 15.7% year on year. This print topped analysts’ expectations by 3.5%. Aside from that, it was a slower quarter as it produced full-year revenue and EBITDA guidance missing analysts’ expectations significantly. The stock is down 4.9% since reporting and currently trades at $1.65. Read our full, actionable report on EVgo here, it’s free. Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership. Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products. By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

Blink Charging’s second quarter saw the company deliver improved profitability metrics despite missing Wall Street’s revenue expectations. Management attributed the results to a deliberate shift toward higher-margin revenue streams, citing cost-cutting and portfolio optimization as key factors. CEO Michael Battaglia emphasized, “The restructuring work is behind us, and you are seeing the company we committed to build, leaner, more focused and making deliberate decisions that prioritize quality of revenue, margin expansion and profitability.” The divestiture of Envoy Technologies and a focus on recurring service revenues helped drive a significant year-over-year improvement in gross margin, even as overall sales contracted. Is now the time to buy BLNK? Find out in our full research report (it’s free). Revenue: $21.67 million vs analyst estimates of $24.48 million (24.5% year-on-year decline, 11.5% miss) Adjusted EPS: -$0.04 vs analyst estimates of -$0.06 ($0.02 beat) Adjusted EBITDA: -$2.21 million (-10.2% margin, 71.9% year-on-year growth) Adjusted EBITDA Margin: -10.2% Market Capitalization: $85.57 million While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Christopher Pierce (Needham): Asked about network utilization trends and how service revenue could scale with the installed base. CEO Michael Battaglia responded that utilization is rising, especially for assets deployed in the past 18 months, and that new DC fast charging sites are expected to further improve this. Christopher Pierce (Needham): Inquired about the stability of operating expenses after recent cost cuts. CFO Michael Bercovich stated that most structural cost actions are now complete and the current expense run rate should remain stable, with possible incremental efficiencies. Christopher Pierce (Needham): Queried about the shift in manufacturing strategy and sourcing of equipment. Battaglia explained that Level 2 charger assembly has moved to contract manufacturers in the U.S. and India, while DC fast chargers are sourced from third-party suppliers such as Tellus Power, Kempower, and Sinexcel. Christopher Pierce (Needham): Pressed on the company’s confidence in reaching adjusted EBITDA breakeven given industry volatility. Battaglia cited the company’s recent progress and a more conservative outlook, emphasizing disciplined cost management and a focus on recurring revenues. Ryan Pfingst (B. Riley): Sought details on the revenue guidance reduction and gross margin improvement. Battaglia explained that prioritizing contract profitability and walking away from low-margin deals led to lower revenue but stronger margins. In the coming quarters, our team will focus on (1) the speed and effectiveness of DC fast charging site deployments, (2) traction and monetization of the EnergyConnect platform, and (3) continued service revenue growth as Blink transitions toward a recurring-revenue model. We will also watch for evidence of sustainable margin expansion and updates on battery storage integration as milestones for future differentiation. Blink Charging currently trades at $0.59, up from $0.54 just before the earnings. At this price, is it a buy or sell? See for yourself in our full research report (it’s free for active Edge members). ALSO WORTH WATCHING: Top 5 Momentum Stocks. The best time to own a great stock is when the market is finally noticing it. These aren’t just high-quality businesses. Something is happening with them right now. Elite fundamentals meet near-term momentum — both boxes checked at the same time. Find out which stocks our AI platform is flagging this week. See this week’s Strong Momentum stocks — FREE. Get Our Strong Momentum Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+271% between June 2020 and June 2025). Find your next big winner with StockStory today.

Image source: The Motley Fool. Thursday, Aug. 6, 2026 at 4:30 p.m. ET Investor Relations - Vitalie Stelea President and Chief Executive Officer - Mike Battaglia Chief Financial Officer - Michael Bercovich Need a quote from a Motley Fool analyst? Email [email protected] Operator: Good afternoon, ladies and gentlemen, and welcome to the Blink Charging Company Second Quarter 2026 Earnings Call. [Operator Instructions] At this time, it is my pleasure to turn the call over to Vitalie Stelea. Vitalie Stelea: Thank you, operator, and welcome to Blink's second quarter 2026 earnings call. With us today, we have Mike Battaglia, President and CEO; and Michael Bercovich, Chief Financial Officer. Today's discussions will include references to non-GAAP measures. These are reconciled to the most comparable U.S. GAAP numbers in the appendix of our earnings deck. You may find the deck along with the rest of our earnings materials and other important content on Blink's Investor Relations website. Today's discussions may also include forward-looking statements about our expectations. Actual results may differ from those stated, and the most significant factors that could cause results to differ are included on Page 2 of the second quarter 2026 earnings deck. Unless otherwise noted, all comparisons are year-over-year. Regarding our calendar, Blink will participate in the H.C. Wainwright 28th Annual Global Investment Conference on September 14 and 15 in New York City. For additional events, please follow our press releases and Blink's Investor Relations website. I will now turn the call over to Mike Battaglia, President and CEO of Blink Charging. Please go ahead, Mike. Michael Battaglia: All right. Thanks, Vitalie. Good afternoon, everyone, and thank you very much for joining us. So I'd like to set the stage for today's call by highlighting 2 achievements that exemplify the transformation at Blink. First, we narrowed our adjusted EBITDA loss to just $2.2 million this quarter, compared to a loss of $7.9 million in the second quarter of last year, representing a 72% improvement. And second, our GAAP gross margin was a strong 38.9%, that is a 2,200 basis point year-over-year increase or an improvement of $3.6 million on a lower revenue base. Together, these 2 data points demonstrate that the plan we communicated and put in place at the beginning of this year is working and moving Blink decisively toward our goal of exiting 2026 at approximately breakeven. We'll come back to both of these data points in more detail in a few minutes, but I wanted to begin here as the rest of the call will reinforce these key points. The restructuring work is behind us, and you are seeing the company we committed to build, leaner, more focused and making deliberate decisions that prioritize quality of revenue, margin expansion and profitability. Total revenue of $21.7 million was up 4.3% sequentially, and we were encouraged to see product sales grow 20% from the first quarter. We also completed the divestiture of Envoy Technologies on June 5. And while it impacted the top line in the second quarter, it reinforces our commitment to focusing resources and capital on optimizing the core business. And with every customer contract renewal, we evaluate the economics and execute only when the terms work for Blink. Otherwise, we walk away. The result is a higher quality revenue base as evidenced in margin performance. Again, GAAP gross margin of 38.9% this quarter compared to 16.8% in Q2 of last year. This sends a clear message, our plan is working. Now turning to Slide 6. Market conditions within the U.S. electric vehicle market are strengthening, which underpin the fundamentals of our business. Used EV sales are robust as mainstream buyers consider alternatives to gasoline-powered vehicles in an environment of elevated global fuel prices. Similarly, in Q2, new battery electric vehicle sales demonstrated growth over Q1, reflecting steady market recovery since the discontinuation of the EV tax credit, and this is exactly what we were expecting. Consumers are choosing the predictability of charging costs associated with electricity over the spikes and fluctuations of geopolitically driven gas prices. Plug-in hybrids service the on-ramp, transitioning drivers toward full battery-powered EV ownership. And new sales have also been showing global resiliency with Europe hovering at a 17.5% penetration rate of new vehicles sold, benefiting our businesses in the U.K. and Belgium. Importantly for us, infrastructure perception remains the #1 barrier to buying an EV. That gap between the customer's perception today and when they're going to feel comfortable with infrastructure availability is the opportunity for Blink. We own and operate infrastructure, and we are building into those perception gaps. On Slide 7 is the business model transformation that is driving margin expansion. By 2028, we are targeting repeat and recurring revenue streams to account for approximately 80% of total revenue, with hardware sales comprising the balance. We achieved this with a deliberate plan that progresses through various stage gates, from raising capital to site pipeline generation to construction and deployment and finally, to owned and operated cash-generating DC fast charging assets. Recurring revenue drives predictability and this transition drives structural margin expansion. Moving to Slide 8. Our DC fast charging build-out plan totals 25 sites and 118 stalls, funded by the equity raise we completed in December of last year. We expect to have nearly all of those sites built by the end of 2026. This would bring our total DC charger footprint to about 169 sites, representing 519 stalls by year-end. Slide 9 is a visual representation of where we're headed. This is a concept of one of our future DC fast charging sites. They're fast, incorporate energy management technologies and are located in high-density locations where people live, work and play. Turning to Slide 10. We highlight Blink's focus on innovation. This month, we are launching EnergyConnect, this month, our new energy management platform. This marks an important evolution for Blink. EnergyConnect is an AI-driven energy management system that will eventually be live across our DC fast charging and Level 2 networks. In simple terms, it transforms charging sites into a smarter, more valuable energy asset as it addresses 4 key areas for us and our site hosts. First, real-time load monitoring. We can see actual power draw against configured limits at every site. Second, automated load balancing. The system distributes power intelligently phase by phase. Third, demand charge mitigation. Scheduled load limits reduce or eliminate expensive peak hour utility charges. And fourth, it lets us grow without underlying infrastructure upgrades. We can add more chargers on the electrical service already in place. These capabilities save us future OpEx and CapEx dollars, and this is a platform, not a feature, and it's live today. In the first half of 2027, we will bring battery storage under EnergyConnect control, unlocking peak shaving and electricity arbitrage. And beyond that, it's the foundation for aggregating and monetizing distributed energy through a virtual power plant and participating in grid services. This marks our progression from a pure charging company into a broader energy company with EnergyConnect serving as the operating system that powers it. So with that, I'll turn it over to Michael Bercovich, our Chief Financial Officer, to review the financials in more detail, and then I'll circle back at the end of the call with concluding remarks. Michael? Michael Bercovich: Thank you, Mike, and good afternoon, everyone. Q2 2026 is a quarter where the numbers validate our plan. Margins are expanding as revenue quality improves. Our structural cost realignment is delivering tangible results. Costs are reset in control, operating leverage is expanding and adjusted EBITDA loss has reached a multiyear low as we drive the business towards sustained profitability. And the balance sheet gives us the flexibility to invest in DC fast charging network and fund expansion with efficient capital. Let me walk you through the details, beginning with the selected financials on Slide 12. Q2 2026 total revenues were $21.7 million compared to $28.7 million in Q2 of 2025. Let me provide some context for this and also underlying story. As we communicated previously, Blink is prioritizing quality of revenue over quantity. From time to time, Blink renews contracts and commercial agreements. And with every renewal, we are evaluating profitability expectations. If it doesn't fit, we walk away, which explains some of this reduction. We also completed the divestiture of Envoy Technologies, which sharpens our focus on the core EV charging business and supports additional improvements in our EBITDA profile. Product revenues were $7.4 million compared to $14.5 million in the second quarter of last year. This decline reflects deliberate strategic decisions. While some participants in the industry continue to prioritize top line growth at the expense of margins, we remain focused on profitable growth, higher-margin opportunities and disciplined deal selection. We believe this strategy positions Blink for stronger and long-term shareholder value creation. Service revenue, which includes repeatable charging revenues and recurring network fees, grew 6.2% year-over-year to $11.5 million compared to $10.8 million in Q2 of 2025. This is the growth engine for Blink, both from a revenue and margin perspective. Further, with our ongoing margin optimization efforts, we are experiencing margin expansion. We will address this in more detail momentarily. Other revenues, which consist of warranty fees, grants and rebates and other revenue items were $1.9 million in the second quarter compared to $2.3 million in the prior year period. Car sharing revenues were $0.8 million, a decrease of 25.9% compared to prior year period, primarily attributable to the Blink strategic divestiture of Envoy Technologies on June 5, 2026. For modeling purposes, Envoy's last 12 months revenues were $4.7 million, and they will not be recurring. As a reminder, starting with the fiscal year 2026, we have redefined our non-GAAP metrics to align with peers and industry practices. You can see the definitions of these metrics in our earnings press release as well as in the appendix section of this presentation. The main difference is that we exclude noncash share-based compensation, other nonrecurring items as well as depreciation and amortization to better present the fundamental direction of our business. So let's get to it. GAAP gross profit in Q2 was $8.4 million or 38.9% of revenues compared to gross profit of $4.8 million or 16.8% of revenues in Q2 of 2025. That is 75% improvement in gross profit dollars on lower revenue and more than 2,200 basis points of margin expansion. The gross margin percentage exceeded our expectations, driven by disciplined portfolio optimization, the shift to contract manufacturing and improved revenue mix. On a non-GAAP basis, adjusted gross margin was a robust 47.9%. The fundamentals of our business are stronger than ever. Our focus on higher quality revenue, disciplined portfolio management, contract manufacturing optimization and a richer mix of repeat, recurring and higher-margin revenue streams continues to enhance our margin profile. These are sustainable improvements that we expect to support further profitability as the business grows. Turning to operating expenses. Total operating expenses in Q2 were $14.7 million compared to $34.4 million in Q2 of last year, a 57% reduction year-over-year. This reflects the successful execution of our Blink Forward transformation initiative and the completion of the restructuring actions over the past year. Importantly, those are structural, not temporary improvements. We have rightsized the organization, streamlined our cost structure and instilled greater discipline across G&A and compensation spending, and we continue targeting more. As a result, Blink is operating as a leaner, more focused and more efficient organization that is well positioned to drive profitable and predictable growth. Compensation expenses were $8.4 million, down 39% from $13.8 million in Q2 2025, reflecting the benefit of our headcount reductions. G&A expenses were $1.8 million, down from $7 million (sic) [ $10.7 million] in prior year quarter, and other operating expenses declined to $4.1 million from $6.7 million as our cost optimization efforts continue to compound across the organization. GAAP net loss for Q2 was $6 million or $0.04 loss per diluted share compared to a net loss of $29.3 million or $0.28 loss per diluted share in Q2 of last year. That's an improvement of over $23 million in reduced net loss. Adjusted EBITDA for the second quarter of 2026 was a loss of $2.2 million compared to an adjusted EBITDA loss of $7.9 million in Q2 of last year. That is a 72% improvement and it gets us closer to achieving profitability. Turning to our balance sheet and cash position. We ended Q2 with cash and cash equivalents of approximately $34 million. Days sales outstanding is now below 80 days, demonstrating the continued impact of enhanced working capital practices and refined liquidity management. For the first 6 months of 2026, net cash burn was approximately $5.6 million compared to $30.1 million in the same period last year, an improvement of approximately $24.5 million. Tighter financial management across the business gives us the flexibility to invest in our future DC fast charging network. As we scale this infrastructure, we expect our cash burn to increase to support future repeatable cash flows from charging assets. Regarding the business outlook, I'd like to provide an update across 3 key areas. #1, revenue. We are revising our full year 2026 revenue guidance to between $83 million to $90 million from $105 million to $115 million previously. Here is why. With the focus on revenue quality, the Envoy divestiture and other commercially disciplined decisions, we are consciously choosing to run a leaner and more focused company. The emphasis is on the durable profitability and not just the top line for the sake of the top line. Our updated guidance reflects thoughtful strategic choices, not a change in our confidence or long-term opportunities. While these actions reduce revenue in the short term, they improve overall business performance and financial health. #2, gross margins. We are raising our full year gross margin outlook to approximately 38% on a GAAP reported basis from approximately 35% previously. The drivers are well understood, disciplined portfolio optimization, selective renewal of contracts, contract manufacturing efficiencies and improved revenue mix and increased utilization of our own charging assets. Lastly, #3, path to profitability. We anticipate a further reduced adjusted EBITDA loss in the second half of the year as we continue business optimization efforts. We recognize early that long-term success in this industry requires more than revenue growth. It requires a sustainable business model. Over the past year, we have focused on making the right decisions, not always the easiest ones, in order to build a stronger company. We believe the progress we have made reflects this discipline, and we're committed to continue to execute with the same focus going forward. And we choose to confront market challenges head on rather than wait for the markets to solve them for us. I will now turn it back to Mike to wrap it up. Go ahead, Mike. Michael Battaglia: All right. Thanks, Michael. So the second quarter of 2026 was about broad execution and the results reflect that. At Blink, we are believers in intense focus and management accountability. We want to concentrate on the core, build the core and do what we do best. As we move through the remainder of 2026, our focus is on deploying capital, scaling the DC fast charging network, deploying energy management capabilities through EnergyConnect, and building a business that generates durable, repeatable revenue and reaches adjusted EBITDA breakeven in the fourth quarter. We have accomplished the hard structural adjustments. Now we are scaling what works. I want to close by highlighting a few milestones and notable achievements in Q2. #1, GAAP gross margin of 38.9%, up from 16.8% a year ago. Quality of revenue is performing. Secondly, revenue up 4.3% sequentially. The business has stabilized. Third, adjusted EBITDA loss improved 72% year-over-year. The cost structure is right. And fourth, $34 million in cash and days sales outstanding at about 80 days for the second straight quarter. Our balance sheet gives us options. As a result of these achievements, we are targeting to exit 2026 at approximately breakeven profitability. In 2027, we expect to return to revenue growth with a positive full year adjusted EBITDA, driven primarily by charging and energy services and increasing the repeatable and predictable revenue mix. We expect to provide formal 2027 guidance alongside our 2026 year-end results. And overall, since I became CEO, I've been clear about what Blink will do, build a company with fundamentally sound financials, operate with discipline and scale profitably over time. Every quarter, the results move in that direction. So I would like to extend a thank you to the Blink team for their continued focus and execution. And I would like to thank our customers and drivers who rely on Blink to provide energy to their vehicles every day. With that, we can move on to Q&A. Operator? Operator: [Operator Instructions] Our first question comes from Chris Pierce with Needham. Christopher Pierce: Just one financial question and one kind of bigger picture question. Like -- sorry if I missed it, but did you guys give -- I know you gave the gigawatt hours, and you have been giving that in the past 4 quarters. Did you give -- like how should we think about utilization on the network? I am just trying to think about where service revenue could go with your installed base and as you grow the installed base. So that's kind of top line. And then within OpEx, should we sort of think of this? I kind of just want to go a little deeper on your comments, Michael, about further room from here, if this is sort of a steady state of the business going forward, which is -- I mean, versus last year, sort of get where we are? I just want to understand how to think about modeling OpEx going forward. Michael Battaglia: Yes. I will take the first part, Chris, and then Michael can take the second. So obviously, good question. I will answer it this way. We are seeing increasing utilization among the core group of assets where we have executed with the tools and analytics available to us. So call it the assets that have been installed in the last 18 months. And the new sites that we are putting in, so again, we raised about $20 million in equity in December. We committed to the majority of that being put in the ground in order to build out DC fast charging assets. And as I pointed out in the deck, we are going to have a lot of those built by the end of the year. And we are very confident in the utilization that those sites are going to deliver. So to answer the question, overall, we see the overall network utilization increasing, but especially among the assets that we have installed, call it, in the last 18 months. Christopher Pierce: Okay. Perfect. And then on OpEx? Michael Bercovich: Chris, it is a very good question. Let me answer that. I think the key takeaway is that the vast majority of the structural cost actions are now behind us. Over the past 15 months, we fundamentally reset our operating expense base, and we believe that the current run rate is a good rep for the business going forward. You should expect operating expenses to remain relatively stable with some improvements as we move on because we are just not going to give up and we will continue looking. And then you will see some normal quarter-over-quarter fluctuations driven by timing and some investments in growth initiatives. But as the revenue grows, right, our objective is essentially to leverage this existing cost structure rather than just grow operating expenses. So part of what we did is really reset the operating structure to help us to grow in the future with some additional changes that we plan to do in the next few quarters. Christopher Pierce: Okay. Perfect. Can you just remind us what equipment you are putting in the ground? I know you had a factory outside of D.C. And then I think you had been using some third-party contracting on DC. Like what is happening with your prior production capabilities? And what equipment are you putting in the ground, like kind of where are you sourcing it from? Michael Battaglia: Yes, sure. I will take that. So it's different as we talk about Level 2 versus DC. So let's start with Level 2 because that's what we were assembling in Maryland. So we took that production and we shifted it to third-party contract manufacturers, both here in the United States as well as overseas, in India. That is Blink product. So that's our IP, that's our software development, firmware development. It's just sitting in the hands of a third-party contract manufacturer to manage the supply chain, to snap them together and deliver it to our warehouses here in the U.S. So that's L2 or AC. Secondly, on DC, our strategy has not changed. We are using third-party hardware to support our DC build-out as well as product sales. And that typically sits with 3 companies: Tellus Power, Kempower and Sinexcel. Christopher Pierce: Okay. Perfect. And then just one last one for me. I guess it would be hard not to mention that we have seen companies in this space, across the space really talk about getting adjusted EBITDA positive in '23, '24 and that's sort of a reset. I guess, what's different or what are you seeing now that kind of gives you the confidence that you can sort of kind of talk about exiting this year flattish and positive adjusted EBITDA next year given sort of how volatile the environment has been that's sort of made it hard for people to sort of stick to their predictions? Michael Battaglia: Yes, I will start with that. So I'm sure Michael will have some comments on this. So #1, just look at the progress we've made. I mean this isn't theoretical. We are not talking about this as a conceptual thing. We are demonstrating our progress to it. Adjusted EBITDA loss in Q2 of $2.2 million, we are not that far off. So right there, I think, is evidence -- tangible evidence that we mean what we say. And I think we have a pretty good track record over the last 18 months or so of delivering what we said we were going to deliver. The other thing is, two, as we continue to build our repeat and recurring revenue mix, we can see what type of revenue we need to generate in order to get to profitability. So as we look out and we have, I would say, relatively conservative assumptions on product sales, that's how we're modeling this. We are not modeling this, as Michael said in his comments, based on the market recovering us. We are adjusting our business based on where the market is. So when you combine all of those things, again, press -- continuing to press down on the operating expenses, the increased mix of repeat and recurring revenue and being conservative in the outlook for product sales, we're not saying this flippantly. We are demonstrating that we are getting it. So Michael, anything to add? Michael Bercovich: Yes. Maybe just a couple of points, Chris. Let me say this, profitability is the priority. And the revenue reset you see was intentional. It's not demand driven. And cost structure has fundamentally changed. It's a completely, completely new company. And Blink is positioned to return to growth from a much healthier base, and that's what we can tell you today, and that's where we're driving. Operator: We now hear from Ryan Pfingst with B. Riley. Ryan Pfingst: First, could you give some more specifics around the decisions that you made that ultimately led to the revenue guidance reduction and the expected enhancement of gross margin? Michael Battaglia: Yes. So you're talking about like when we talk about quality of revenue, just to be clear? Ryan Pfingst: Yes, exactly. Yes. Michael Battaglia: Yes. Sure, sure. So first of all, it really probably encompasses 3 things. So first of all, we're ensuring that our owned and operated chargers are optimized. And that means validating driver pricing, so what drivers pay for the electricity at our Blink-owned sites. And just as importantly, ensuring that we are procuring energy at the cheapest rate possible. So that's #1. Secondly, when customer contracts come up for renewal, we are evaluating the true cost of the business, not just the gross margin, but think about contribution margin impact. So if it make sense, we continue, if not, we walk away. And there are a couple of areas that were meaningful from a revenue standpoint that we recently walked away from because the profitability was nonexistent. And we don't feel like that's an efficient use of capital or resources at Blink. And then finally, when we are evaluating hardware sales, we are considering the add-on opportunities that can create longer-term value. So things like whether or not there's a network subscription attached to it, an extended warranty purchase, a revenue share model perhaps. And these considerations help us understand the true margin contribution beyond just the hardware margin itself. So that's how we are thinking about the business now kind of every day we wake up. Ryan Pfingst: Make sense. I appreciate that. And then just to clarify on EBITDA guidance. Should we think about the target being exiting the year at a breakeven run rate or breakeven for the fourth quarter? Michael Battaglia: Michael, do you want to start? Michael Bercovich: Yes, absolutely. So we're driving towards profitability to the end of the year and the drop to this record low of $2.2 million, just a good example. So we plan, again, as I said, profitability is the top priority. We plan to exit the year at a breakeven around that. And then we're building a plan now from where we are and those decisions that we're making right now to become profitable in 2027 with a much leaner, much more focused company and then derisking that as well. Ryan Pfingst: Understood. Appreciate that. And then last one on EnergyConnect. Could you just dig into the battery storage strategy a little bit more and maybe some of the new opportunities that this can provide? Michael Battaglia: Sure. So I think it's really interesting, I think, where Blink is and the opportunity that's available to us here. So we've been working on EnergyConnect for a while, and we are initially deploying it at our Blink-owned sites. So we're rolling it out. We're testing it against things like load balancing and some of the things that I mentioned in my comments, with the intent of trying to maximize the profitability opportunity at those Blink-owned sites. And then once we have validated that, we then get to bring it to the market. So there are kind of additional SaaS opportunities above and beyond just network fees that will -- that we can bring to customers. That's #1. The second piece of it is then incorporating battery energy storage. And this is what I mentioned in the comments again is that when we look to early 2027, we should be able to bring battery energy storage capabilities underneath EnergyConnect. And that opens up a whole different set of opportunities for us in terms of, obviously, peak shaving, demand event mitigation and also providing energy back to the grid, which obviously is something that's top of mind for everyone. And I kidded around before and I've said, that used to be the conversation for EV charging. And now that whole conversation, thankfully, has shifted over to data center. So we're no longer sort of the looming evil child out there. It's the data center. So we think that is a really big opportunity for us to leverage the EnergyConnect platform to be at the core of all of those things. Operator: [Operator Instructions] Our next questioner is from Sameer Joshi with H.C. Wainwright. Sameer Joshi: So I'd like to just dig in a little bit deeper on the EnergyConnect strategy. Is there a possibility for you to go back to already installed DCFC locations and upgrade those with batteries? Or is this only going to be for new installation coming in 2027? Michael Battaglia: Sameer, thanks for the question. It's a great one. There is absolutely a big opportunity to retrofit existing DC fast chargers. And I think order of magnitude, as an example, we have sold upwards of 1,500 DC fast chargers into automotive dealers across the country. That's a pretty good -- and I think probably some of those dealers are struggling with things like demand charges, and that can represent a very interesting opportunity for us. So absolutely. Sameer Joshi: That sounds wonderful. And then second question is about -- I think concluding your prepared remarks, you mentioned the balance sheet and optionality. I understand to the extent that you would be -- you want to deploy as many of your own chargers, and then also use some of this for the battery rollout. But what other options are on the table that you may be considering? Michael Battaglia: Yes. So let me -- I'm sure Michael would like to jump in here, too. I'll start. So to me, this is a kind of a multi-faceted opportunity, I'll say, for capitalizing the company. So #1, we've talked about profitability on this call. And when we achieve profitability, we believe it's going to open up a world of options for us that perhaps aren't available to companies like us in the position we're in right now. So that's #1. The second thing is that we believe that this strategy opens up an investment community to us that, again, hasn't been interested or visible, however you want to word it, and that when we start to show that our DC -- owned and operated DC fast charging footprint gives us a beachhead into this market that's real, we believe that the financing opportunities could be -- some very interesting ones could be available to us. So Michael, anything to add? Michael Bercovich: Yes, absolutely. Thanks, Mike. Sameer, liquidity remains a key focus for us. We finished the quarter with approximately $34 million in cash, no debt, which we believe differentiates Blink from many of our peers. Our focus continues to be disciplined cash management, improving operating performance and reducing cash burn. Every transformation decision we have made over the last year have been centered around extending runway while building business capable of generating sustainable profitability. And that's one of the reasons why profitability, as Mike said, is such an important priority. A business that consistently generates stronger operating results, creates more strategic options, whether it's funding growth internally or accessing capital with lower cost when opportunity arise. Our goal is to put Blink in a position where we have choices and where every financing decision is made from a position of strength rather than necessity. Sameer Joshi: Understood. And I should congratulate you on the very successful cost reduction efforts. I mean it is really impressive what you have achieved over the last few quarters. And good luck with your 4Q breakeven EBITDA. Operator: With all questions having been addressed from the Q&A, we turn the floor back over to your management. Michael Battaglia: We appreciate all of you who joined Blink today for our second quarter announcement, highlighting significant improvements in our GAAP gross margin and adjusted EBITDA. These are critical KPIs that our management follows on our path to profitability as reflected in our updated guidance today. We look forward to keeping you updated. Reach out to the Investor Relations team and be well. Thank you. Operator: This does conclude today's conference call. You may disconnect your lines at this time. Before you buy stock in Blink Charging, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Blink Charging wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $400,209!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,375,393!* Now, it’s worth noting Stock Advisor’s total average return is 964% — a market-crushing outperformance compared to 215% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of August 13, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Blink Charging (BLNK) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management is shifting the business model from hardware sales to a focus on owned and operated DC fast charging assets to capture recurring revenue. The significant gross margin expansion to 38.9% was driven by a deliberate strategy of walking away from low-margin contracts and optimizing the revenue mix. The company completed the divestiture of Envoy Technologies to sharpen focus on core EV charging and improve the overall EBITDA profile. Operational improvements were achieved by transitioning Level 2 charger production to third-party contract manufacturers to reduce overhead and manage supply chains more efficiently. Management attributes the narrowed EBITDA loss to the completion of structural restructuring, resulting in a leaner organization with a 57% reduction in operating expenses. Strategic positioning focuses on high-density locations to address the 'infrastructure perception gap' which management identifies as the primary barrier to EV adoption. Blink targets exiting 2026 at approximately adjusted EBITDA breakeven, with a goal of full-year profitability in 2027 driven by charging and energy services. The company is transitioning to a target revenue mix of 80% repeat and recurring revenue by 2028, reducing reliance on one-time hardware sales. The deployment of the EnergyConnect AI platform is expected to reduce future OpEx and CapEx by allowing charger expansion without underlying electrical infrastructure upgrades. Future strategic phases include integrating battery storage in early 2027 to unlock electricity arbitrage and virtual power plant monetization. The build-out of 25 DC fast charging sites (118 stalls) is fully funded and expected to be largely completed by the end of 2026. The divestiture of Envoy Technologies resulted in a non-recurring revenue loss of approximately $4.7 million on an L2M basis. Full-year 2026 revenue guidance was revised downward to $83 million-$90 million, reflecting the intentional exit from unprofitable commercial agreements. Days sales outstanding (DSO) has been stabilized below 80 days, reflecting refined liquidity management and tighter financial controls. Management noted that while some industry peers prioritize top-line growth, Blink is consciously choosing a leaner path to ensure long-term shareholder value. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Utilization is increasing most significantly among assets installed within the last 18 months where advanced analytics were applied to site selection. Operating expenses are expected to remain stable at current levels, as the vast majority of structural cost actions are now complete. Level 2 production has moved entirely to contract manufacturing in the U.S. and India to preserve IP while shedding assembly overhead. DC fast charging hardware continues to be sourced from third-party partners including Tellus Power, Kempower, and Sinexcel. Management expressed high confidence based on the tangible 72% year-over-year improvement in EBITDA loss already achieved. The financial model uses conservative assumptions for product sales and does not rely on a broader market recovery to reach targets. There is a significant opportunity to retrofit approximately 1,500 existing DC chargers at auto dealers with EnergyConnect to mitigate demand charges. Battery integration in 2027 will allow the company to participate in grid services and peak shaving, evolving Blink from a charging company to an energy company.

This article first appeared on GuruFocus. Total Revenue: $21.7 million in Q2 2026, up 4.3% sequentially but down from $28.7 million in Q2 2025. Product Revenue: $7.4 million, down from $14.5 million in Q2 2025, reflecting deliberate strategic decisions. Service Revenue: $11.5 million, up 6.2% year-over-year from $10.8 million. Other Revenues: $1.9 million in Q2, compared to $2.3 million in the prior year period. Car Sharing Revenues: $0.8 million, a decrease of 25.9% year-over-year, primarily due to the Envoy Technologies divestiture. GAAP Gross Profit: $8.4 million, or 38.9% of revenues, compared to $4.8 million or 16.8% in Q2 2025. Adjusted Gross Margin: 47.9% on a non-GAAP basis. Total Operating Expenses: $14.7 million, a 57% reduction from $34.4 million in Q2 2025. Compensation Expenses: $8.4 million, down 39% from $13.8 million in Q2 2025. G&A Expenses: $1.8 million, down from $7 million in the prior year quarter. Other Operating Expenses: Declined to $4.1 million from $6.7 million. GAAP Net Loss: $6 million, or $0.04 loss per diluted share, compared to a net loss of $29.3 million or $0.28 loss per diluted share in Q2 2025. Adjusted EBITDA: Loss of $2.2 million, a 72% improvement from a loss of $7.9 million in Q2 2025. Cash and Cash Equivalents: Approximately $34 million at the end of Q2. Days Sales Outstanding: Below 80 days. Net Cash Burn: Approximately $5.6 million for the first six months of 2026, compared to $30.1 million in the same period last year. Full-Year 2026 Revenue Guidance: Revised to between $83 million and $90 million, down from $105 million to $115 million previously. Full-Year 2026 Gross Margin Guidance: Raised to approximately 38% on a GAAP basis, up from approximately 35% previously. Warning! GuruFocus has detected 5 Warning Signs with BLNK. Is BLNK fairly valued? Test your thesis with our free DCF calculator. Release Date: August 06, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Blink Charging Co (NASDAQ:BLNK) narrowed its adjusted EBITDA loss by 72% year-over-year to $2.2 million in Q2 2026, moving decisively toward its goal of exiting 2026 at approximately breakeven. GAAP gross margin expanded significantly to 38.9% in Q2 2026, up from 16.8% in the prior year period, driven by disciplined portfolio optimization and an improved revenue mix. Service revenue, which includes repeatable charging revenues and recurring network fees, grew 6.2% year-over-year to $11.5 million, highlighting the growth engine of the business. Total operating expenses were reduced by 57% year-over-year to $14.7 million, reflecting the successful execution of the Blink Forward transformation initiative and structural cost realignment. The company is launching Energy Connect, an AI-driven energy management platform, which is expected to drive future OpEx and CapEx savings and position Blink as a broader energy company. Net cash burn for the first six months of 2026 improved significantly to approximately $5.6 million, compared to $30.1 million in the same period last year, strengthening the balance sheet. Blink Charging Co (NASDAQ:BLNK) is targeting to exit 2026 at approximately break-even profitability and expects to return to revenue growth with positive full-year adjusted EBITDA in 2027. Total revenue declined to $21.7 million in Q2 2026, down from $28.7 million in Q2 2025, partly due to the divestiture of Envoy Technologies and deliberate decisions to walk away from unprofitable contracts. Product revenues decreased significantly to $7.4 million in Q2 2026, compared to $14.5 million in the prior year period, reflecting a strategic focus on higher-margin opportunities over top-line growth. The company revised its full-year 2026 revenue guidance downward to between $83 million and $90 million, from a previous range of $105 million to $115 million. Car sharing revenues decreased by 25.9% year-over-year to $0.8 million, primarily attributable to the strategic divestiture of Envoy Technologies. The company expects its cash burn to increase as it scales its DC fast charging infrastructure, which could pressure liquidity in the near term. Blink Charging Co (NASDAQ:BLNK) continues to operate at a net loss, reporting a GAAP net loss of $6 million for Q2 2026, although this is a significant improvement from the $29.3 million loss in the prior year period. Q: What gives management confidence in achieving break-even adjusted EBITDA by the end of 2026 and positive adjusted EBITDA in 2027, given the industry's history of missed profitability targets?A: Mike Battaglia (President and CEO) pointed to tangible progress, citing the Q2 2026 adjusted EBITDA loss of just $2.2 million, a 72% improvement year-over-year. He emphasized that the company is not relying on a market recovery but is instead modeling conservative product sales assumptions while increasing its mix of repeat and recurring revenue. Michael Bercovich (CFO) added that the revenue reset was intentional and not demand-driven, and that the fundamentally changed cost structure positions Blink to return to growth from a healthier base. Q: Can you provide more specifics on the strategic decisions that led to the reduced revenue guidance but enhanced gross margin expectations?A: Mike Battaglia (President and CEO) outlined three key areas: First, optimizing owned and operated chargers by validating driver pricing and procuring energy at the lowest rates. Second, evaluating customer contract renewals based on true contribution margin, walking away from deals with nonexistent profitability. Third, assessing hardware sales for add-on opportunities like network subscriptions, extended warranties, or revenue-sharing models to understand the true margin contribution beyond the hardware itself. Q: How should we think about network utilization and the potential for service revenue growth given the installed base and new DC fast charging sites?A: Mike Battaglia (President and CEO) stated that overall network utilization is increasing, particularly among assets installed in the last 18 months and the new DC fast charging sites being deployed with the December equity raise. He expressed confidence in the utilization these new sites will deliver, which underpins the growth of the higher-margin, recurring service revenue stream. Q: What is the current operating expense run rate, and should we expect further reductions?A: Michael Bercovich (CFO) confirmed that the vast majority of structural cost actions are behind them. He stated that the current run rate is a good representation for the business going forward, with expectations for operating expenses to remain relatively stable with some improvements. The objective is to leverage the existing cost structure as revenue grows, rather than increasing operating expenses proportionally. Q: What equipment is Blink putting in the ground, and where is it being sourced from?A: Mike Battaglia (President and CEO) clarified that Level 2 production has been shifted to third-party contract manufacturers in the US and India, using Blink's own IP and software. For DC fast charging, the strategy remains to use third-party hardware from three main suppliers: Telus Power, Chempower, and Synexal, supporting both the company's own build-out and product sales. Q: Can you elaborate on the Energy Connect platform and the battery storage strategy, including opportunities for retrofitting existing sites?A: Mike Battaglia (President and CEO) explained that Energy Connect is initially being deployed at Blink-owned sites to validate load balancing and profitability. Once proven, it will be offered as a SaaS opportunity to customers. He confirmed a significant opportunity to retrofit existing DC fast chargers, citing over 1,500 units sold to automotive dealers who may be struggling with demand charges. Battery storage integration is expected in early 2027, enabling peak shaving, demand mitigation, and potentially selling energy back to the grid. Q: What other options are on the table regarding the balance sheet and capital strategy?A: Mike Battaglia (President and CEO) stated that achieving profitability will open up a world of financing options not currently available. He believes the owned DC fast charging footprint provides a real beachhead into the market, potentially attracting a new investment community. Michael Bercovich (CFO) added that the $34 million cash position differentiates Blink from peers, and the focus is on disciplined cash management to expand runway and create strategic options, ensuring any financing decision is made from a position of strength. Q: Should the break-even target be viewed as a run rate exiting the year or break-even for the fourth quarter specifically?A: Michael Bercovich (CFO) clarified that the company is driving towards profitability by the end of the year, planning to exit at around break-even. He emphasized that the record-low adjusted EBITDA loss of $2.2 million in Q2 is a good example of the progress being made, and the company is building a plan to become profitable in 2027 with a much leaner, more focused company. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in Blink Charging Co.? Here are five stocks we like better. Revenue fell but profitability improved: Q2 revenue declined 24% year over year to $21.7 million, partly due to the Envoy Technologies divestiture, while GAAP gross margin rose to 38.9% and adjusted EBITDA loss narrowed 72% to $2.2 million. Blink lowered revenue guidance but raised its margin outlook: Full-year 2026 revenue guidance was reduced to $83 million-$90 million, while expected GAAP gross margin increased to approximately 38%. Management is targeting adjusted EBITDA breakeven exiting 2026 and positive adjusted EBITDA for 2027. The company is investing in charging infrastructure and energy management: Blink plans to build 25 DC fast-charging sites with 118 stalls by the end of 2026 and launched EnergyConnect, an AI-powered platform intended to optimize power use and reduce demand charges. Charging Ahead: Investing in the EV Charging Infrastructure Blink Charging (NASDAQ:BLNK) reported second-quarter results marked by sharply higher gross margins, lower operating expenses and a narrower adjusted EBITDA loss, while reducing its full-year revenue outlook following the divestiture of Envoy Technologies and a greater emphasis on higher-margin business. Revenue for the second quarter of 2026 totaled $21.7 million, down from $28.7 million a year earlier but up 4.3% sequentially. President and CEO Mike Battaglia said the company is prioritizing “quality of revenue” over top-line growth, including walking away from contract renewals that do not meet its profitability requirements. → 3 Drone Stocks That Should Soar After the Summer Slump ChargePoint Can Optimize Operations with AI and ML Implementation The company completed the divestiture of Envoy Technologies on June 5. CFO Michael Bercovich said Envoy generated $4.7 million of revenue over the preceding 12 months and that revenue will not recur. Car-sharing revenue declined 25.9% year over year to $0.8 million, primarily because of the divestiture. GAAP gross profit rose to $8.4 million, or 38.9% of revenue, from $4.8 million, or 16.8% of revenue, in the prior-year quarter. The 2,200-basis-point improvement was driven by portfolio optimization, contract manufacturing and changes in revenue mix, according to Bercovich. Adjusted gross margin was 47.9%. → Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth 4 beaten-down penny stocks ready to take off Service revenue, which includes charging revenue and network fees, increased 6.2% year over year to $11.5 million. Product revenue fell to $7.4 million from $14.5 million a year earlier, which management attributed to selective deal-making and a focus on higher-margin opportunities. Total operating expenses declined 57% to $14.7 million from $34.4 million. Compensation expense fell 39% to $8.4 million, while general and administrative expense declined to $1.8 million from $7 million. Other operating expenses fell to $4.1 million from $6.7 million. → Jersey Mike's Serves Fresh Gains After IPO Stumble Net loss narrowed to $6 million, or $0.04 per diluted share, compared with a loss of $29.3 million, or $0.28 per diluted share, in the second quarter of 2025. Adjusted EBITDA loss narrowed to $2.2 million from $7.9 million, a 72% improvement. Bercovich said the company’s restructuring and cost actions have largely been completed, describing the current operating-expense run rate as representative of the business going forward. He said Blink expects expenses to remain relatively stable, with potential further improvements and normal fluctuations tied to timing and growth investments. Blink reduced its full-year 2026 revenue guidance to between $83 million and $90 million, from prior guidance of $105 million to $115 million. Management cited the Envoy sale, decisions not to renew certain contracts and its shift toward more profitable business. At the same time, the company raised its full-year GAAP gross-margin outlook to approximately 38%, compared with its prior expectation of about 35%. Bercovich said the updated margin forecast reflects contract manufacturing efficiencies, selective contract renewals, improved mix and greater utilization of company-owned charging assets. The company expects a further reduction in adjusted EBITDA loss during the second half and is targeting approximately breakeven adjusted EBITDA profitability as it exits 2026. Battaglia said Blink expects positive full-year adjusted EBITDA in 2027 and plans to provide formal 2027 guidance alongside its 2026 year-end results. Blink said it intends to build 25 DC fast-charging sites containing 118 stalls using proceeds from an equity raise completed in December. The company expects nearly all of those sites to be built by the end of 2026, bringing its DC charging footprint to approximately 169 sites and 519 stalls. Battaglia said the company is seeing increased utilization among assets installed during the last 18 months and expects utilization to rise across the network as new sites come online. The company also launched EnergyConnect, an AI-driven energy-management platform designed to monitor power demand, balance electrical loads, reduce peak-hour demand charges and allow sites to add chargers without necessarily upgrading electrical service. Blink initially plans to deploy the platform at company-owned sites before offering additional software-as-a-service opportunities to customers. In the first half of 2027, Blink expects to bring battery storage under EnergyConnect’s control, supporting peak shaving, demand-charge mitigation and electricity arbitrage. Battaglia said the platform could also be used to retrofit existing DC fast-charging installations, including chargers sold to automotive dealerships. Blink ended the quarter with approximately $34 million in cash and cash equivalents. Net cash burn for the first six months of 2026 was approximately $5.6 million, compared with $30.1 million in the prior-year period. Bercovich said the company had no debt and that it expects cash burn to rise as it invests in its DC fast-charging network. 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. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Blink Charging Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

Gross margin expanded to 38.9%, up more than 2,200 basis points year-over-year Service revenues grew to $11.5 million, representing 53% of total revenues Operating expenses reduced 57% year-over-year to $14.7 million Adjusted EBITDA loss improved 72% year-over-year to $(2.2) million Ended quarter with approximately $34 million in cash Henderson, NV., Aug. 06, 2026 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading global owner, operator, and provider of electric vehicle (EV) charging equipment and services, today announced financial results for the second quarter ended June 30, 2026. The following top-line highlights are in thousands of dollars: (1) Service Revenues consist of repeatable charging service revenues and recurring network fees(2) Other Revenues consist of warranty fees, grants and rebates, and other revenues(3) Car-sharing revenues have been divested after the sale of Envoy Technologies on June 5, 2026“Blink’s second-quarter results provide further evidence of our progress toward profitability, disciplined capital management, and stronger execution across the business,” said Mike Battaglia, President and Chief Executive Officer of Blink Charging. “We are building the company we committed to deliver—leaner, more focused, and guided by deliberate decisions that prioritize revenue quality over volume. Our 20% sequential growth in product sales demonstrates encouraging commercial momentum, while the continued strength of the Blink Network and our expansion into energy management services are creating a more durable foundation for long-term growth and shareholder value”.Michael Bercovich, Chief Financial Officer of Blink Charging added: “We’re proud to report a significant reduction in adjusted EBITDA loss, amounting to $2.2 million in Q2, a 72% year-over-year improvement. Margins are expanding, as revenue quality is improving, while costs remain well controlled. As we move through the remainder of 2026, we continue to be focused on making meaningful progress toward adjusted EBITDA breakeven by year-end. We closed out the quarter with approximately $34 million in cash, providing Blink the flexibility to continue investing strategically in high-quality opportunities. Our results validate our strategy. Blink’s disciplined portfolio optimization, contract manufacturing shift, and revenue mix help drive significant gross margin improvement and substantial reduction in operating expenses”. SECOND QUARTER 2026 FINANCIAL HIGHLIGHTS Sale of Envoy On June 5, Blink sold its wholly owned subsidiary, Envoy Technologies, to Blade Ranger Ltd., an Israeli publicly traded company. The transaction reflects Blink’s continued shift toward optimized core products and services. Revenues Total revenue for the second quarter was approximately $21.7 million, a 4.3% sequential growth from $20.8 million in the first quarter of 2026. Product revenue grew 20.1% sequentially to approximately $7.4 million in the second quarter and represents approximately 34% of total revenue. Blink continues to make meaningful progress toward its long-term objective of generating approximately 80% of revenues from recurring and repeatable revenue streams, improving the predictability, quality, and resiliency of the business. Service revenue, a key growth engine for Blink, increased 6.2% year-over-year to approximately $11.5 million, up from $10.8 million. Service revenue is comprised of repeatable charging revenue and recurring network fees. Q2 service revenue also reflects Blink's deliberate decision to pursue contracts with attractive margin profiles. Other revenues, including warranty fees as well as grants and rebates, were approximately $1.9 million. Car-Sharing revenues were $0.8 million, a decrease of 25.9% compared to the prior-year period, primarily attributable to the Blink's strategic divestiture of Envoy Technologies on June 5, 2026. Gross Profit and Margins GAAP gross profit increased to $8.4 million, or 38.9% of revenue, up from 16.8% of revenue, or $4.8 million, during the same period in 2025. This represents year-over-year growth of $3.6 million in gross profit or 75% improvement. The gross margin expansion is driven by Blink’s portfolio optimization, contract manufacturing realignment, and favorable revenue mix. On a non-GAAP basis, the adjusted gross margin was 47.9%. Operating Expenses Total operating expenses were $14.7 million, compared to approximately $34.4 million in the second quarter of 2025, representing a 57% reduction year-over-year. This result is influenced by structural improvements implemented throughout the Company. Cost optimization efforts resulted in significant expense reductions in the second quarter compared to the prior year period. Compensation expenses declined approximately 39% from $13.8 million in Q2 2025 to $8.4 million in Q2 2026. G&A expenses declined to approximately $1.8 million, compared to $10.7 million in the prior-year period, while other operating expenses decreased to approximately $4.1 million from approximately $6.7 million. Net Loss and Adjusted EBITDA Net loss was $6.0 million, or $(0.04) per diluted share, compared to $29.3 million loss, or $(0.28) per diluted share - totaling $23.3 million in reduced net loss year-over-year. Adjusted EBITDA loss reflected an improvement of 72% year-over-year to $(2.2) million in comparison to $(7.9) million in Q2 2025. See reconciling tables below for the definitions of non-GAAP numbers referenced above. Balance Sheet and Liquidity As of June 30, 2026, cash and cash equivalents were approximately $34.0 million, providing Blink with the financial flexibility to continue investing in high-quality DC fast charging infrastructure, energy management services, and expanding the strength of the Blink Network. Business Outlook 2026 represents an inflection year for Blink as the company completes its operational transformation and repositions the business for sustainable, higher-quality revenue growth. As these initiatives take hold, Blink expects to return to revenue growth in 2027, driven primarily by charging and energy management services. Therefore, Blink is updating its full-year 2026 revenue guidance to $83 million to $90 million, from its previous outlook of $105 million to $115 million. The revised outlook reflects the Company’s focus on revenue quality, the divestiture of Envoy Technologies and commercial decisions designed to support a sustainable path to profitability. Blink is also raising its full-year 2026 GAAP gross margin outlook to approximately 38%, compared to approximately 35% previously. The Company is targeting to exit 2026 at an approximate adjusted EBITDA breakeven and expects to provide formal 2027 guidance alongside its year-end results. Earnings Conference Call Blink will host a conference call and webcast to discuss the second quarter 2026 results today, August 6, 2026, at 4:30 p.m. Eastern Time. To access the live webcast, log onto the Blink Charging website at www.blinkcharging.com, and click on the News/Events section of the Investor Relations page. Investors may also access the webcast via the following link: https://www.webcaster5.com/Webcast/Page/2468/54356. To participate in the call by phone, dial (877) 545-0523 approximately five minutes prior to the scheduled start time. International callers please dial +1 (973) 528-0016. Callers should use participant access code: 569186. A replay of the teleconference will be available until September 3, 2026, and may be accessed by dialing (877) 481-4010. International callers may dial +1 (919) 882-2331. Callers should use replay passcode: 54356. ### BLINK CHARGING CO. Condensed Consolidated Statements of Operations(in thousands, except for share and per share amounts)(unaudited) BLINK CHARGING CO. Condensed Consolidated Balance Sheets(in thousands, except for share amounts) BLINK CHARGING CO. AND SUBSIDIARIES Consolidated Statements of Cash Flows (In thousands) (unaudited) Non-GAAP Financial Measures The following table reconciles Net Loss attributable to Blink Charging to Non-GAAP Net Loss and Adjusted EBITDA for the periods shown: The following table reconciles EPS attributable to Blink Charging to Adjusted EPS for the periods shown: The following table reconciles GAAP margin and operating expenses to non-GAAP margin and operating expenses for the periods shown: Blink Charging Co. publicly reports its financial information in accordance with accounting principles generally accepted in the United States of America (“US GAAP”). To facilitate external analysis of the Company’s operating performance, Blink Charging also presents financial information that is considered “non-GAAP financial measures” under Regulation G and related reporting requirements promulgated by the U.S. Securities and Exchange Commission. Non-GAAP measures should be considered in addition to, and not as a substitute for, or superior to, Net Income (Loss) or other measures of financial performance prepared in accordance with GAAP and may be different than those presented by other companies, including Blink Charging’s competitors. EBITDA and Adjusted EBITDA are not performance measures calculated in accordance with GAAP and are, therefore, considered non-GAAP measures. Blink changed the definitions of its non-GAAP reporting measures in first quarter of 2026 to align better with its peers and industry standards. Reconciliation tables are presented above. Non-GAAP Gross Profit is defined as GAAP gross profit adjusted to exclude (i) depreciation and amortization charges included in cost of revenues, and (ii) non-recurring or non-cash charges within cost of revenues (such as inventory write-downs or one-time warranty costs). Blink Charging believes Non-GAAP Gross Profit provides investors with a clearer view of the Company’s underlying operational profitability by removing the impact of asset depreciation related to its charging infrastructure build-out and non-recurring items that are not indicative of ongoing performance. Non-GAAP Gross Margin is Non-GAAP Gross Profit divided by total revenues. Non-GAAP Operating Expenses is defined as GAAP total operating expenses adjusted to exclude (i) stock-based compensation, (ii) depreciation and amortization within operating expenses, (iii) non-recurring and non-cash charges (including severance and retention payments, executive recruiting fees, one-time legal and consulting costs, and charges related to discontinued software or services), and (iv) other adjustments. Blink Charging believes Non-GAAP Operating Expenses is a useful measure for investors to assess the Company’s structural cost base and ongoing operating expense discipline, as it removes the impact of non-cash compensation, asset depreciation, and one-time charges that do not reflect recurring operational costs. Non-GAAP Net Loss excludes stock-based compensation, non-recurring and non-cash charges, and changes in fair value of consideration payable, but unlike Adjusted EBITDA, retains the impact of depreciation and amortization within operating expenses and interest income/expense. See “Non-GAAP Financial Measures” for a full reconciliation. Adjusted EBITDA is defined as Non-GAAP Net Loss adjusted to add back: (i) provision for income taxes; (ii) depreciation and amortization within operating expenses; less (iii) net interest and other income (expense). This reconciliation bridge corresponds directly to the line items presented in the Non-GAAP reconciliation tables above. Blink Charging believes Adjusted EBITDA is useful to management, securities analysts, and investors to evaluate the Company’s core operating performance because it removes the impact of non-cash charges, non-recurring items, financing activity, taxes, and capital investment depreciation that are not indicative of the Company’s recurring operational results. Adjusted EBITDA should be considered in addition to, and not as a substitute for, Net Loss or other measures of financial performance prepared in accordance with GAAP. Our definition of Adjusted EBITDA and Adjusted EPS may differ from other companies reporting similarly named measures. These measures should be considered in addition to, and not as a substitute for, or superior to, other measures of financial performance prepared in accordance with GAAP, such as Net Loss, and Diluted Earnings per Share. Adjusted EPS is defined as GAAP net loss per diluted share adjusted to exclude, on a per-share basis, the same non-cash and non-recurring items used in the Adjusted EBITDA reconciliation: (i) stock based compensation, (ii) non-recurring and non-cash charges, (iii) change in fair value related to consideration payable, (iv) provision for income taxes, (v) interest expense, and (vi) depreciation and amortization. Blink Charging believes Adjusted EPS is a useful supplemental measure for investors as it provides a per-share view of the Company’s core operating performance on a basis consistent with Adjusted EBITDA, excluding non-cash and non-recurring items that management does not consider reflective of the Company’s ongoing operations. Adjusted EPS should not be confused with GAAP diluted EPS and should be considered in addition to, and not as a substitute for, GAAP diluted earnings (loss) per share. Investors should be aware that non-GAAP financial measures have inherent limitations. In particular, certain adjustments to Blink’s GAAP results — such as stock-based compensation — are recurring in nature and are expected to continue for the foreseeable future; stock-based compensation is a meaningful component of employee compensation and plays an important role in Blink’s ability to attract, retain, and motivate its workforce. In addition, Blink’s non-GAAP measures are not calculated pursuant to any standardized GAAP methodology, and the specific items Blink excludes may differ from those excluded by other companies presenting similarly titled non-GAAP measures, which may limit comparability. Blink may also, in future periods, exclude additional items it determines are not reflective of its core operating performance. About Blink Charging Blink Charging Co. (Nasdaq: BLNK) is a global leader in electric vehicle (EV) charging equipment and services, enabling drivers, hosts, and fleets to easily transition to electric transportation through innovative charging solutions. Blink’s principal line of products and services include Blink’s EV charging networks (“Blink Networks”), EV charging equipment, and EV charging services. Blink Networks use proprietary, cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. Blink has established key strategic partnerships for rolling out adoption across numerous location types, including parking facilities, multifamily residences and condos, workplace locations, health care/medical facilities, schools and universities, airports, auto dealers, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets, and transportation hubs. For more information, please visit https://blinkcharging.com/. Forward-Looking Statements This press release contains "forward-looking statements" that are subject to risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “expects,” “believes,” “will” and similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Blink's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled "Risk Factors" in Blink’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission, and in subsequent periodic reports. Forward-looking statements contained in this announcement are made as of this date, and Blink undertakes no duty to update such information except as required under U.S. federal securities law. Blink Investor Relations ContactVitalie [email protected] ext. 446 Blink Media ContactFelicitas [email protected] ext. 266

Bowie, MD., July 28, 2026 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading global owner, operator, and provider of electric vehicle (EV) charging equipment and services, will announce its second quarter results on Thursday, August 6, 2026, following the close of financial markets. The Company’s will host a conference call and webcast that day at 4:30 p.m. Eastern Time to discuss the Company’s results that ended on June 30, 2026. To access the live webcast, log onto the Blink Charging website at http://blinkcharging.com, and click on the News/Events section of the Investor Relations page. Investors may also access the webcast via the following link: https://www.webcaster5.com/Webcast/Page/2468/54356 To participate in the call by phone, dial (877) 545-0523 approximately five minutes prior to the scheduled start time. International callers please dial +1 (973) 528-0016. Callers should use participant access code: 569186. A replay of the teleconference will be available until September 3, 2026, and may be accessed by dialing (877) 481-4010. International callers may dial +1 (919) 882-2331. Callers should use replay passcode: 54356. ### About Blink Charging Blink Charging Co. (Nasdaq: BLNK) is a global leader in electric vehicle (EV) charging equipment and services, enabling drivers, hosts, and fleets to easily transition to electric transportation through innovative charging solutions. Blink’s principal line of products and services include Blink’s EV charging network (“Blink Network”), EV charging equipment, and EV charging services. The Blink Network uses proprietary, cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. Blink has established key strategic partnerships for rolling out adoption across numerous location types, including parking facilities, multifamily residences and condos, workplace locations, health care/medical facilities, schools and universities, airports, auto dealers, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets, and transportation hubs. For more information, please visit https://blinkcharging.com/ Forward-Looking Statements This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, and terms such as “anticipate,” “expect,” “intend,” “may,” “will,” “should” or other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief or current expectations of Blink Charging and members of its management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including achieving projected revenue, adjusted EBITDA and gross margin targets as described in Blink Charging’s periodic reports filed with the SEC, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, Blink Charging undertakes no obligation to update or revise forward-looking statements to reflect changed conditions. Blink Investor Relations ContactVitalie [email protected] Blink Media ContactFelicitas [email protected]

Blink Charging’s first quarter results reflected stabilization, with sales flat year over year and revenue falling short of Wall Street’s expectations. Management pointed to continued growth in recurring service revenue, which climbed 25% and now represents the largest share of the business. CEO Michael Battaglia emphasized that a “disciplined, focused” approach and the company’s cost restructuring efforts have established a more sustainable foundation. Service revenue expansion and disciplined product sales were highlighted as key contributors behind the quarter’s margin improvements. Is now the time to buy BLNK? Find out in our full research report (it’s free). Revenue: $20.78 million vs analyst estimates of $21.68 million (flat year on year, 4.1% miss) Adjusted EPS: -$0.06 vs analyst estimates of -$0.09 ($0.03 beat) Adjusted EBITDA: -$5.06 million (-24.3% margin, 64.6% year-on-year growth) Adjusted EBITDA Margin: -24.3% Market Capitalization: $119 million While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. B. Riley Securities asked about the timeline for new site activations and capital deployment. CEO Michael Battaglia explained most sites in the current pipeline should be live or near live by year-end, with disciplined CapEx and no significant increase in operating expenses expected. ROTH Capital inquired about gross margin potential as recurring revenue increases and about the company’s DC fast charging site strategy. Battaglia emphasized site selection focused on metro areas with high density and destination traffic, while CFO Michael Bercovich detailed ongoing margin improvement efforts. H.C. Wainwright questioned the sustainability of accounts receivable improvements and the outlook for OEM integrations. Bercovich described recent process changes that improved collections and reduced aged receivables, while Battaglia noted a multi-pronged strategy to integrate with OEMs through aggregators like Amobee, rather than setting numeric targets. H.C. Wainwright also asked if volume or margin initiatives would drive the full-year gross margin target. Bercovich responded that disciplined product sales and recurring services would be the main levers, with optimization programs underway. No further analyst questions on the call. Looking ahead, the StockStory team will be monitoring (1) the pace at which new DC fast charging sites are brought online and their ramp in utilization, (2) the continued growth and mix shift of recurring service revenue, and (3) execution on cost control and margin improvement efforts. Additionally, the success of further OEM integrations and new technology initiatives will be key areas to watch. Blink Charging currently trades at $0.83, down from $0.96 just before the earnings. Is the company at an inflection point that warrants a buy or sell? See for yourself in our full research report (it’s free for active Edge members). ONE MORE THING: Top 6 Stocks for This Week. This market is separating quality stocks from expensive ones fast. AI taking down whole sectors with no warning. In a rotation this fast, you need more than a list of good companies. Our AI system flagged Palantir before it ran 1,662%. AppLovin before it ran 753%. Nvidia before it ran 1,178%. Each week it produces 6 new names that pass the same tests. Get Our Top 6 Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today.