Blink Charging is targeting profitability, reiterating its goal of reaching approximately EBITDA breakeven by the end of 2026 while improving its second-quarter EBITDA loss to $2.2 million from nearly $8 million a year earlier. The company is accelerating its shift toward DC fast-charging infrastructure, with 25 sites under construction and plans to reach 169 fast-charging sites and more than 500 electrified stalls by year-end. Blink also aims to increase recurring revenue from roughly 50%–60% today to 80% by 2028.
Blink's EnergyConnect platform is designed to reduce electricity costs through load management and could support future battery-storage and grid-services revenue. The company estimates the platform represents a potential $115 million opportunity over five years. Charging Ahead: Investing in the EV Charging Infrastructure Blink Charging (NASDAQ:BLNK) outlined its progress toward profitability, an expanded build-out of DC fast-charging infrastructure and the rollout of its EnergyConnect energy-management platform during a company presentation.
The company said it has spent the past 18 months restructuring its cost base, reducing cash burn and emphasizing financial discipline as market conditions changed. Blink reported second-quarter revenue of just under $22 million and gross profit of $8.4 million. GAAP gross margin was about 39%, while adjusted, non-GAAP gross margin was nearly 48%. → Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom.
ChargePoint Can Optimize Operations with AI and ML Implementation Blink reiterated that it expects to achieve a 35% GAAP gross margin for the full year 2026 and to exit the year at approximately EBITDA breakeven. Its second-quarter EBITDA loss narrowed to $2.2 million from nearly $8 million in the second quarter of 2025, according to the presentation. The company said that excluding the sale of its Envoy EV car-sharing business, the quarterly EBITDA loss would have been about $1.4 million.
Blink said its business combines sales of EV charging hardware and Blink Network software subscriptions with the ownership and operation of charging infrastructure. The owned-and-operated network generates transaction fees and electricity sales, which the company characterized as repeat and recurring revenue. → MarketBeat Week in Review – 09/07 - 09/11 4 beaten-down penny stocks ready to take off Service revenue totaled $11.5 million in the second quarter. Blink said recurring service revenue generally represents about 50% to 60% of its revenue mix, and it is targeting 80% recurring revenue by 2028.
The company said it raised $18.5 million on a net basis in December, with most of the proceeds earmarked for capital expenditures on DC fast-charging stations. Blink currently has 25 sites under construction, expected to add about 118 electrified charging stalls by year-end. The company expects to have 169 DC fast-charging sites and more than 500 electrified stalls by the end of the year. → Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers Blink operates in the U.S., United Kingdom and Belgium and owns and operates approximately 7,000 charging stations.
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