Blink Charging slumps after posting a wider Q2 loss than a year ago

[Emerging Financial Data - Stock Market, Prosperity, Bull Market - Blue Version]
DKosig

Blink Charging Co. (NASDAQ:BLNK [https://seekingalpha.com/symbol/BLNK]) slumped in afternoon trading after reporting Q2 results. While revenue was up 38% sequentially to $28.7 million and topped the consensus estimate, the revenue mark was still down 13.8% from last year's tally for the same quarter.

Product and service revenues reached $14.5 million during the quarter, and service revenue jumped 46% year-over-year to $11.8 million as the network expanded and charger utilization rose. However, profitability remained an issue for the company, as the net loss of $32 million for the quarter was a 59% wider loss than for the quarter a year ago. Gross profit fell to $2.1 million, or 7% of revenue, sharply down from $10.7 million and 32% margin a year ago. The decline in gross profit margin reflected non-cash inventory and PP&E adjustments as well as higher costs.

Looking ahead, Blink Charging (NASDAQ:BLNK [https://seekingalpha.com/symbol/BLNK]) expects to achieve continued sequential revenue growth in the second half of 2025, including strong momentum across both its recurring and repeatable charging revenue streams. Recurring revenues, derived primarily from network fees, are expected to benefit from the expanding installed base of chargers. At the same time, Blink Charging (NASDAQ:BLNK [https://seekingalpha.com/symbol/BLNK]) expects growth in repeatable charging revenue as it scales its EV charging infrastructure, driven by increased utilization and rising energy prices.

Roth Capital reiterated its Buy rating on Blink Charging (BLNK [https://seekingalpha.com/symbol/BLNK]) and set a price target of $3.00. Analyst Craig Irwin said catalysts confirming growth and progress to adjusted EBITDA break-even will likely serve as the primary valuation catalysts. The $3.00 price target was derived using a 2.5X multiple on the 2026 revenue estimate of $125 million. "The valuation multiple reflects improving growth visibility and progress reducing costs to support a medium-term goal of adj-EBITDA breakeven," advised Irwin.

Shares of Blink Charging (BLNK [https://seekingalpha.com/symbol/BLNK]) were down 9.7% at 1:15 p.m. Short interest on the EV battery charging stock is at 16.5% of the total float. The market cap on BLNK is close to dipping below $100 million.

MORE ON BLINK CHARGING

* Blink Charging Co. (BLNK) Q2 2025 Earnings Call Transcript [https://seekingalpha.com/article/4814667-blink-charging-co-blnk-q2-2025-earnings-call-transcript]
* Blink Charging Co. 2025 Q2 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4814657-blink-charging-co-2025-q2-results-earnings-call-presentation]
* Blink Charging: No Margin Of Safety Yet, But The Setup Is Worth Watching [https://seekingalpha.com/article/4801764-blink-charging-stock-no-margin-safety-yet-setup-worth-watching]
* Blink Charging targets continued sequential revenue growth with $8M annual cost reduction and new product expansion [https://seekingalpha.com/news/4486775-blink-charging-targets-continued-sequential-revenue-growth-with-8m-annual-cost-reduction-and]
* Blink Charging Q2 2025 Earnings Preview [https://seekingalpha.com/news/4486204-blink-charging-q2-2025-earnings-preview]