May. 11 at 9:03 PM
$BLNK
🚨🚨🚨
Blink Charging Co. reported essentially flat revenue but a sharply smaller loss for the quarter ended March 31, 2026.
Total revenue was
$20,779,000, roughly unchanged from
$20,718,000 a year earlier, as a 26% drop in product sales was offset by a 29% rise in service revenue driven by more company-owned chargers and higher network fees.
The net loss narrowed to
$11,563,000 from
$21,008,000, helped by a 35% reduction in operating expenses following the BlinkForward restructuring, including workforce cuts and a shift to contract manufacturing.
Operating cash flow turned slightly positive at
$671,000.
Cash and cash equivalents were
$37,991,000 with working capital of
$14,210,000, but the company still carries an accumulated deficit of
$833,989,000 and has not reached profitability.
Blink also disclosed a Nasdaq notice that its share price has been below the
$1.00 minimum bid requirement; it has until July 27, 2026 to regain compliance.
