Blink Charging Co Stock Price, News & Analysis

Blink Charging (NASDAQ: BLNK), a leading EV charging infrastructure company, has announced a strategic restructuring plan that includes a 20% reduction in its global workforce. This initiative, part of the company's BlinkForward strategy, aims to streamline operations and enhance efficiency. The restructuring is expected to generate annual savings of over $11 million, with associated costs between $1-1.5 million for severance and related expenses.

The workforce reduction, scheduled to complete by the end of Q3 2025, is designed to create a more focused and agile organization. The company will provide severance packages and outplacement services to affected employees. CEO Mike Battaglia emphasized that these measures are crucial for long-term success and maintaining market leadership in the EV charging sector.

Blink Charging (NASDAQ: BLNK), a global leader in EV charging solutions, has scheduled its first quarter 2025 earnings announcement for Monday, May 12, 2025, after market close. The company will host a conference call and webcast at 4:30 p.m. Eastern Time to discuss financial results for the quarter ending March 31, 2025.

Interested participants can access the event through multiple channels:

• Webcast: Available on www.blinkcharging.com under Investor Relations
• Direct webcast link: https://www.webcaster4.com/Webcast/Page/2468/52394
• Phone participation: Domestic (877) 545-0320, International (973) 528-0002
• Access code: 941998

A replay will be available until June 11, 2025, accessible by dialing (877) 481-4010 for domestic callers or (919) 882-2331 for international callers, using conference ID: 52394.

Blink Charging (NASDAQ: BLNK) and Create Energy have launched a groundbreaking turnkey solution combining EV charging, solar, and energy storage technology. The integrated system merges Blink's advanced L2 and DCFC chargers with Create Energy's Nanogrid technology into a single, deployable package.

Key features of this industry-first solution include:

• Reduced operating costs through peak demand management
• Enhanced grid resiliency and energy independence
• Scalable deployment options
• Elimination of common barriers like grid constraints and permitting delays

The partnership involves a dual market agreement, allowing both companies to sell the solution to their respective markets. The rollout begins in the U.S., with plans for global expansion across all Blink markets. The system has already proven successful, with a notable installation at Nissan North America headquarters demonstrating continuous operation since launch.

Blink Charging (NASDAQ: BLNK) has announced a strategic partnership with Eco-Movement to enhance its EV charging network visibility and data accuracy. The collaboration will make Blink's charging stations more accessible across major search engines, digital maps, charging apps, and navigation systems.

Eco-Movement maintains a comprehensive global database of public and semi-public EV charging points with real-time availability information. The platform provides detailed data including addresses, operators, costs, accessibility, truck suitability, roaming partners, pricing, and payment options.

According to Mike Battaglia, Blink's President and CEO, this partnership represents a significant milestone in improving the EV driver experience and charging solution accessibility. The collaboration ensures that drivers worldwide can easily locate Blink chargers and receive real-time updates on charger availability, aligning with Blink's 'right charger, right place, right time' strategy.

Blink Charging Co. (BLNK) has successfully regained compliance with Nasdaq's periodic filing requirements, as confirmed by a Nasdaq letter dated April 10, 2025. The company, a global leader in EV charging equipment and services, filed its Form 10-K for the year ended December 31, 2024, on April 9, 2025.

The filing maintained consistency with the financial results previously reported in the company's Q4 and full year 2024 communications from March 13, 2025, with no restatements of prior financial statements required.

Blink Charging Co. (NASDAQ: BLNK), a leading global EV charging equipment and services provider, has announced the filing of its Form 10-K for the fiscal year ended December 31, 2024 with the SEC. The filing maintains consistency with the financial results previously reported in the company's Q4 and full year 2024 earnings release from March 13, 2025.

The company confirmed that no restatements of previous financial statements were required. Following this Form 10-K submission, Blink expects to regain compliance with NASDAQ requirements in the near future.

Envoy Technologies, a Blink Charging Co. entity, has launched its electric vehicle car-sharing service at 210 South 12th, a luxury high-rise in Philadelphia's Center City. The service features the first Cadillac LYRIQs in Envoy's Philadelphia fleet, including the first red Cadillac LYRIQs in the entire Envoy fleet.

The 31-story residential tower, developed by Midwood Investment and Development, boasts the country's largest fully automated parking garage, which is 100% EV compatible and utilizes machine learning for consumer behavior prediction. Residents can access the vehicles through Envoy's mobile app, offering a convenient solution to downtown Philadelphia's parking challenges.

Blink Charging Co. (NASDAQ: BLNK) has received a notification letter from Nasdaq dated April 2, 2025, regarding its non-compliance with Nasdaq Listing Rule 5250(c)(1) due to the delayed filing of its Form 10-K for the year ended December 31, 2024.

The company must submit a compliance plan to Nasdaq within 60 calendar days. If accepted, Nasdaq may grant an extension of up to 180 calendar days from the original due date, until September 29, 2025. Blink states it is working diligently to complete and file the Form 10-K to regain compliance.