Blink Charging | 10-Q: FY2025 Q3 Revenue Misses Estimate at USD 27.03 M

Revenue: As of FY2025 Q3, the actual value is USD 27.03 M, missing the estimate of USD 30.08 M.

EPS: As of FY2025 Q3, the actual value is USD 0, beating the estimate of USD -0.166.

EBIT: As of FY2025 Q3, the actual value is USD -218 K.

Segment Revenue

• Product Sales: $13,035 for the three months ended September 30, 2025, compared to $13,448 for the same period in 2024, a decrease of 3%.
• Charging Service Revenue: $7,758 for the three months ended September 30, 2025, compared to $5,254 for the same period in 2024, an increase of 48%.
• Network Fees: $2,874 for the three months ended September 30, 2025, compared to $2,332 for the same period in 2024, an increase of 23%.
• Warranty Revenue: $1,486 for the three months ended September 30, 2025, compared to $1,405 for the same period in 2024, an increase of 6%.

Operational Metrics

• Net Loss: $86 for the three months ended September 30, 2025, compared to $87,389 for the same period in 2024, a decrease of 100%.
• Gross Profit: $9,666 for the three months ended September 30, 2025, compared to $9,119 for the same period in 2024, an increase of 6%.
• Operating Expenses: $9,871 for the three months ended September 30, 2025, compared to $97,345 for the same period in 2024, a decrease of 90%.

Cash Flow

• Net Cash Used in Operating Activities: -$31,540 for the nine months ended September 30, 2025.
• Net Cash Provided by Investing Activities: $11,168 for the nine months ended September 30, 2025.
• Net Cash Provided by Financing Activities: $865 for the nine months ended September 30, 2025.

Unique Metrics

• Total Comprehensive Income: $6,707 for the three months ended September 30, 2025, primarily due to non-cash foreign currency translation adjustments.

Future Outlook and Strategy

• Core Business Focus: The company is actively evaluating strategic alternatives, including additional cost-reduction initiatives, asset sales, and potential restructuring or fundraising opportunities to address liquidity challenges.
• Non-Core Business: The company completed the acquisition of Zemetric, Inc., which is expected to enhance its technology offerings and market reach.
• Priority: Management is focused on achieving profitability and improving cash flow from operations, with a strategic emphasis on expanding the Blink Networks and increasing the number of chargers connected to the network.