Blink Charging (BLNK) H.C. Wainwright 28th Annual Global Investment Conference summary

Financial transformation and profitability

• Significant cost structure overhaul and expense reduction over the past 18 months.

• EBITDA loss reduced from nearly $8 million in Q2 2025 to $2.2 million in Q2 2026, with further improvement to $1.4 million after divesting a non-core business.

• Revenue for Q2 was just under $22 million, with GAAP gross margins at 39% and adjusted gross margins at nearly 48%.

• Service revenues, which are recurring, reached $11.5 million, with a goal to increase recurring revenue mix to 80% by 2028.

• Expectation to reach EBITDA breakeven by the end of 2026, positioning for profitability in 2027.

Strategic focus and infrastructure investment

• Shifted capital investments from Level 2 AC to DC fast charging infrastructure, with 25 sites under construction and 118 new stalls expected by year-end.

• Currently owns and operates about 7,000 charging stations globally, with a growing share of DC fast chargers.

• Raised $18.5 million in December, primarily allocated to DC fast charging CapEx.

• Operates in the US, UK, and Belgium, leveraging a modern infrastructure without legacy equipment constraints.

EnergyConnect platform and energy management services

• Launched the EnergyConnect energy management system, already deployed and expanding in functionality.

• Platform enables load limiting, reducing electricity demand charges for customers and generating new revenue streams.

• Deployed across 45 sites, delivering estimated annual savings of $360,000 in electricity costs.

• Enables participation in grid services and virtual power plants, with potential to sell energy back to the grid.

• Facilitates site expansion without utility upgrades by intelligently sharing power across stations.