Blink Charging Co. Q4 FY2025 earnings call

• Welcomed new members to Blink leadership team, including Chris Carr, Michael Berkovich, Harmeet Singh, and Alex Kalman. - Second quarter results showed strong sequential growth with total revenues up 38% sequentially, product revenues up 73% QoQ, services revenue up 46% YoY and 11% QoQ, other revenues up 47% YoY. - Progress on reducing operating expenses under Blink Forward initiative, with 22% reduction in compensation expense and $8M in non-recurring expenses to be eliminated. - Announced acquisition of Zymetric, which fills gap in product portfolio with intelligent AC Level 2 product and brings new capabilities to Blink's network. - Entered into non-binding term sheet with Axel Trova to form SPV for EV infrastructure deployments in UK. - Resolved uncertainty around Envoy subsidiary with amended merger agreement.

Second quarter 2025 total revenues grew 38% sequentially. Product revenues grew 73% compared to Q1 2025, driven by strong demand for decent fast chargers and level two series units. Services revenue grew 46% year over year and 11% sequentially, with revenue from Blink-owned DC chargers increasing by more than 300% vs prior year. Other revenues grew 47% year over year.

Expect revenue to show continued sequential growth in second half of 2025. Lower operating expenses due to discipline cost management and efficiency initiatives. Improved working capital practices, particularly around receivables management.

Industry consolidation could accelerate, changing market dynamics. Uncertainty around product mix impact on margins. Risks related to performance-based warrants and their vesting conditions.

Q: Craig Irwin from Roth Capital Partners asked about gross margins, product sales progression, and cash flows.

A: Mike and Michael Berkovich discussed margin mix, broad-based growth expectation, and cash flow improvement with reduced recurring costs and improved AR collections.

Q: Samir Joshi from HC Wainwright asked about Envoy settlement, Zymetric acquisition details, and European margin management.

A: Michael explained Envoy settlement, Zymetric deal structure and product rollout, and stable European margins.

Q: Chris from unspecified asked about Zymetric product fit and market segment.

A: Mike explained Zymetric fills low-end market gap, brings network technology and talent, and combines product sales and CPO business.

Q: Mickey Legg from The Benchmark Company asked about Zymetric product rollout and cost savings.

A: Mike and Michael discussed Zymetric product timeline, volume production in October, and $8M annualized cost savings from workforce reduction and non-recurring expenses elimination.