Blink Charging Co.

Blink Charging Co. announced the election of Dennis C. Schemm to its Board of Directors, effective July 19, 2026. Mr. Schemm brings over 25 years of extensive finance experience, currently serving as the Chief Financial Officer of FOX Factory Holding Corp. His appointment increases the Board to five members, and he has been determined to be an independent director.

Blink Charging Co. announced the sale of its wholly-owned subsidiary, Envoy Technologies, to Blade Ranger Ltd., an Israeli publicly traded company. This divestment aligns with Blink's strategy to transition to a more focused owner-operator model, aiming to enhance capital allocation, reduce operational complexity, and strengthen financial performance. The transaction involves a combination of cash consideration and a convertible note, allowing Blink to monetize the asset while retaining exposure to future value.

Blink Charging Co. announced its 2026 Annual Meeting of Stockholders will be held virtually on June 30, 2026. Key proposals include the election of four directors and a significant amendment to the 2018 Incentive Compensation Plan, increasing the shares reserved for issuance by 10,000,000 to a new total of 17,000,000 shares. Stockholders will also cast a non-binding advisory vote on executive compensation and ratify the appointment of Grant Thornton LLP as the independent auditor for 2026.

Blink Charging Co. announced significant expansion in its DC fast charging (DCFC) infrastructure during Q1 2026, with 136 new stalls approved or underway across 27 sites. This progress supports the company's strategy to grow its owned and operated fast charging network, aiming for long-term revenue growth. The company also reported a 25% year-over-year increase in service revenue for Q1 2026, driven by its expanding network and focus on high-quality sites.

Blink Charging Co. reported a significantly reduced net loss of $11.6 million for Q1 2026, an improvement from $21.0 million in Q1 2025, with basic net loss per share improving to $(0.08) from $(0.21). Total revenues slightly increased to $20.8 million. The company achieved positive cash flow from operating activities of $0.7 million, a substantial turnaround from a $13.0 million outflow in the prior year, driven by reduced operating expenses from the BlinkForward Initiative. However, Blink also received a NASDAQ deficiency notice regarding its minimum bid price.

Blink Charging Co. announced its first quarter 2026 financial results, reporting a 45% year-over-year reduction in net loss to $11.6 million. Total revenue saw a slight increase of 0.3% to $20.8 million, driven by a 25% rise in service revenue to $13.3 million, reflecting a strategic shift towards higher-quality, recurring revenue streams. The company also significantly improved its operational efficiency, with total operating expenses declining 35% to $18.4 million and net cash provided by operating activities reaching $0.7 million, a $13.7 million improvement from the prior year.

Blink Charging Co. announced a collaboration with Emobi, integrating Blink's extensive network of over 56,000 EV charging ports into Emobi's unified roaming and JustPlug ecosystem. This partnership aims to provide seamless and automated charging experiences for EV drivers and fleet operators across North America, addressing the fragmented charging landscape. The collaboration, which begins with an initial one-year term, will allow drivers to access Blink chargers through various automaker systems, fleet platforms, and mobile applications, including fully automated charging via JustPlug technology.

Blink Charging Co. announced it will release its first quarter 2026 financial results on Monday, May 11, 2026, after the close of financial markets. The company will host a conference call and webcast on the same day at 4:30 p.m. Eastern Time to discuss the results for the quarter ended March 31, 2026. Details for accessing the live webcast and participating in the conference call, including dial-in numbers and access codes, were provided.

Blink Charging Co. filed an amendment to its 10-K to include Part III information, such as details on directors, executive officers, corporate governance, and executive compensation, which was previously omitted. The filing announced the appointment of Glen Moller as a new director and Michael Bercovich as the new CFO, while Martha J. Crawford will not seek re-election. The company also disclosed several late Section 16(a) filings by executives and directors.

Blink Charging is celebrating Earth Day by offering 50% off fast charging for two hours at its newly deployed high-powered DC fast charging site in Darien, Illinois. The site at Brookhaven Market features six DC fast chargers with 12 ports, providing up to 180kW peak per stall and supporting both CCS and NACS connectors. This initiative, in collaboration with local partners, aims to expand EV infrastructure and promote sustainable growth in the region.