Blink Charging Reiterates EBITDA Breakeven Target by End of 2026

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Blink Charging reiterated its goal of reaching approximately EBITDA breakeven by the end of 2026 while accelerating its buildout of DC fast-charging infrastructure. The company reported second-quarter revenue of just under $22 million and gross profit of $8.4 million, with GAAP gross margin of about 39% and adjusted, non-GAAP gross margin of nearly 48%, and it narrowed its quarterly EBITDA loss to $2.2 million from nearly $8 million a year earlier, a figure that would have been about $1.4 million excluding the sale of its Envoy EV car-sharing business. Blink said it raised $18.5 million on a net basis in December, mostly earmarked for capital expenditures on DC fast-charging stations, and currently has 25 sites under construction that are expected to add about 118 electrified charging stalls by year-end, part of a plan to reach 169 DC fast-charging sites and more than 500 electrified stalls by the end of the year. The company, which operates in the U.S., United Kingdom and Belgium and owns and operates approximately 7,000 charging stations, is shifting capital spending away from Level 2 AC charging equipment toward DC fast charging, and it targets increasing recurring revenue from roughly 50% to 60% of its mix today to 80% by 2028. Blink also highlighted its EnergyConnect energy-management platform, now expanded to 45 sites from an initial 11 company-owned locations, which it estimates saves about $360,000 in annual electricity costs across those sites and could represent a roughly $115 million opportunity over the next five years.

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Blink Charging Co
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Blink reiterated its EBITDA breakeven target for end-2026 and narrowed its quarterly EBITDA loss to $2.2M from nearly $8M a year earlier.

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