Form 8-K

8-K — Blink Charging Co.

Accession: 0001493152-26-012950

Filed: 2026-03-26

Period: 2026-03-26

CIK: 0001429764

SIC: 3690 (MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — form8-k.htm (Primary)

EX-99.1 (ex99-1.htm)

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0001429764

2026-03-26

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

WASHINGTON,

DC 20549

FORM

8-K

CURRENT

REPORT

Pursuant

to Section 13 or 15(d) of the

Securities

Exchange Act of 1934

Date

of Report (Date of earliest event reported): March 26, 2026

BLINK

CHARGING CO.

(Exact

name of registrant as specified in its charter)

Nevada

001-38392

03-0608147

(State

or other jurisdiction

incorporation)

(Commission

File

Number)

(IRS

Employer

Identification

No.)

5081

Howerton Way, Suite A

Bowie,

Maryland

20715

(Address

of Principal Executive Offices)

(Zip

Code)

Registrant’s

telephone number, including area code: (305) 521-0200

N/A

(Former

name or former address, if changed since last report.)

Securities

registered pursuant to Section 12(b) of the Act:

Title

of Each Class

Trading

Symbol(s)

Name

of Each Exchange on Which Registered

Common

Stock

BLNK

The

Nasdaq Stock Market LLC

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions (see General Instruction A.2. below):

☐

Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging

growth company ☐

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

CURRENT

REPORT ON FORM 8-K

Blink

Charging Co.

March

26, 2026

Item

2.02. Results of Operations and Financial Condition.

Blink

Charging Co. (Nasdaq: BLNK) (the “Company”), a leading owner and operator of electric vehicle (EV) charging equipment and

services, today announced its financial results for the fourth quarter and full year ended December 31, 2025.

copy of the press release is furnished with this report as Exhibit 99.1. Such information, including the Exhibit attached hereto, shall

not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated

by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

Item

9.01. Financial Statements and Exhibits.

(a)

Exhibits. The exhibit listed in the following Exhibit Index is filed as part of this current report.

Exhibit

No.

Description

99.1

Press Release issued by Blink Charging Co. on March 26, 2026.

104

Cover

Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant

to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by

the undersigned hereunto duly authorized.

BLINK

CHARGING CO.

Dated:

March 26, 2026

By:

/s/

Michael Bercovich

Name:

Michael

Bercovich

Title:

Chief

Financial Officer

EX-99.1

Filename: ex99-1.htm · Sequence: 2

Exhibit 99.1

BLINK

CHARGING ANNOUNCES FOURTH QUARTER AND FULL YEAR 2025 FINANCIAL RESULTS

Execution

of disciplined operational strategy, strengthened revenue quality, and focused DC fast charging investment continues driving Blink’s

long term scalable growth.

Bowie,

MD – March 26, 2026 – Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”),

a leading global owner, operator, and provider of electric vehicle (EV) charging equipment and services, today announced financial results

for the fourth quarter, and full year, ended on December 31, 2025.

FOURTH

QUARTER HIGHTLIGHTS

● Fourth

quarter 2025 total revenues were $27.0 million. Full year 2025 total revenues were $103.5

million.

● Fourth

quarter 2025 service revenues grew 62.0% year-over-year (YOY) to $14.7 million. Full year

2025 service revenues increased 44.7% year-over-year to $49.3 million.

● Service

revenue represented 54% of total revenue in the fourth quarter of 2025, up from 32% in fourth

quarter last year, and 48% for the full year, compared to 27% in 2024.

● Operating

expenses down 34% from first quarter of 2025 and 15% sequentially, adjusted for non-recurring

items.

● Reduced

cash burn by 85% since first quarter to approximately $2 million per quarter for two consecutive

quarters. Ended year with $39.5 million in cash and no debt.

The

following top-line highlights are in thousands of US dollars:

Three Months Ended

Year Ended

December 31,

2025

2024

% Change

2025

2024

% Change

Product Revenues

$ 11,037

$ 17,165

(35.7) %

$ 46,961

$ 81,703

(42.5) %

Service Revenues(1)

14,680

9,076

61.7 %

49,294

34,064

44.7 %

Other Revenues(2)

1,325

1,779

(25.5) %

7,265

8,270

(12.2) %

Total Revenues

$ 27,042

$ 28,020

(3.5) %

$ 103,520

$ 124,037

(16.5) %

(1) Service

Revenues consist of repeatable charging service revenues, recurring network fees, and car-sharing

service revenues.

(2) Other

Revenues consist of warranty fees, grants and rebates, and other revenues.

Mike

Battaglia, President and CEO of Blink Charging, commented, “2025 was defined by our disciplined execution and strengthening the

core of our business. We streamlined operations and our cost structure, improved margins and grew repeatable and recurring service revenue,

putting Blink on a resilient and scalable path. Blink is now operating as a faster, leaner organization with a durable long-term direction,

and we will continue executing with that same focus as we expand our owner-operated DC fast charging network in the most lucrative markets.

We’re proud for delivering on our commitments in 2025, and we now look forward to scaling and continuing to drive.”

Michael

Bercovich, Chief Financial Officer of Blink Charging, commented, “Throughout 2025, Blink made deliberate structural improvements

to our financial profile. We significantly reduced our operating expenses, improved transparency in reporting, and continued optimizing

our operational processes to match our scale and goals. The successful and efficient completion of our December 2025 capital raise is

a clear reflection of market confidence in the foundation Blink has built, the Company’s long-term direction, and the value of

our growing DC fast-charging owner-operated footprint. The raise and its outcome reinforce the credibility of the strategy we’re

pursuing and validate our position as a debt-free company committed to accretive investment. With a clean capital structure and a focused

investment approach, we are well positioned to scale thoughtfully and sustainably.”

PUBLIC

EQUITY OFFERING

December 2025, the Company completed a $20 million public equity offering on NASDAQ capital markets, strengthening the Company’s

liquidity and accelerating investment in Blink’s owner-operated DC fast charging footprint. This disciplined approach focuses on

building durable, high-value infrastructure rather than maximizing raw installation volume.

BUSINESS

OUTLOOK AND GUIDANCE

Based

on current visibility, the Company expects continued growth in repeatable charging services and network recurring revenue, supported

by improving utilization trends, and expansion of DC fast charging deployments. The shift toward higher quality, repeatable, and recurring

service revenue remains a core strategic priority. The Company expects margin contribution from this segment to strengthen as utilization

and network density continue to increase.

Product

revenue is projected to reflect continued discipline following the transition to contract manufacturing, with a strong focus on capital-efficient

opportunities. Blink is committed to scalable and sustainable operational and financial progress. For the full year 2026, the Company

expects revenue to be in the range of $105 million to $115 million, with gross margins of approximately 35%. The Company also anticipates

significantly reduced Adjusted EBITDA losses compared to prior periods. Management expects continued operational improvements to position

the Company for profitability.

FOURTH

QUARTER AND FULL YEAR 2025 FINANCIAL RESULTS

REVENUES

Total

revenues were $27.0 million in the fourth quarter of 2025 and $103.5 million for full year 2025. This compares to full year 2024 revenues

of $124.0 million.

Product

revenues were $11.0 million in the fourth quarter of 2025, compared to $17.2 million in the fourth quarter of 2024. In total, product

revenues were $47.0 million in 2025 compared to $81.7 million in 2024.

Service

revenues, which consist of repeatable charging service revenues, recurring network fees, and car-sharing service revenues, increased

by $5.6 million or 62% to $14.7 million in the fourth quarter of 2025, compared to service revenues of $9.1 million in the fourth quarter

of 2024. Service revenues were a record 54% of total revenue in the fourth quarter 2025 compared with 32% in the same period of last

year.

Service

revenues for 2025 were $49.3 million compared to $34.1 million in 2024, a 45% increase. Service revenues represented 48% of full year

2025 revenue versus 27% for full year 2024.

Other

revenues, which comprised warranty fees, grants and rebates, and additional sources, were $1.3 million in the fourth quarter of 2025,

compared to $1.8 million in the fourth quarter of 2024. In 2025, other revenues totaled $7.3 million as compared to $8.3 million in 2024.

GROSS

PROFIT

Gross

profit was $4.3 million or 15.8% of revenues in the fourth quarter of 2025, compared to gross profit of $4.4 million, or 15.7% of revenues,

in the fourth quarter of 2024. Gross profit in the fourth quarter of 2025 included non-cash charges of $5.9 million, primarily driven

by legacy inventory adjustments related to Blink’s realignment to contract manufacturing and optimized inventory levels. Excluding

the impact of these charges, the gross profit would have been $10.2 million or 37.8% of revenues.

Gross

profit in 2025 was $25.5 million or 24.6% of revenues compared to $37.6 million or 30.3% of revenues in the same prior year period. In

2025, the decrease in gross profit was primarily impacted by non-cash inventory adjustments of $11.8 million. Excluding the impact of

these charges, the gross profit would have been $37.3 million or 36% for the full year 2025.

OPERATING

EXPENSES

Operating

expenses in the fourth quarter of 2025 decreased by 54% to $37.0 million compared to $81.2 million in the fourth quarter of 2024. Operating

expenses in the fourth quarter of 2025 included $18.7 million related to the impairment of goodwill and intangible assets of the Mobility

segment.

Operating

expenses for the full year of 2025 were $109.6 million compared to $240.8 million in the same period of 2024.

NET

LOSS AND LOSS PER SHARE

Net

Loss for the fourth quarter of 2025 was $(32.7) million, or $(0.28) per basic and diluted share, compared to a net loss of $(76.7) million,

or loss of $(0.76) per basic and diluted share in the fourth quarter of 2024. The total net loss in 2025 was $(83.4) million or loss

of $(0.76) per basic and diluted share, compared to a total net loss in 2024 of $(201.3) million or loss of $(2.00) per basic and diluted

share.

of December 31, 2025, Blink’s weighted average number of shares outstanding was 109.1 million. As of December 31, 2024, the weighted

average number of shares outstanding was 100.8 million.

ADJUSTED

EBITDA AND ADJUSTED EPS

Adjusted

EBITDA for the fourth quarter of 2025 was a loss of $(10.3) million compared to an adjusted EBITDA loss of $(14.8) million in the same

period of 2024. Total adjusted EBITDA for 2025 was a loss of $(58.1) million compared to a total adjusted EBITDA loss of $(52.7) million

in 2024.

Adjusted

EBITDA (defined as earnings/loss before interest income/expense, income taxes expense, depreciation and amortization, stock-based compensation,

acquisition related costs, impairment of goodwill and intangible assets, loss related to underperforming assets of subsidiary, change

in fair value related to consideration payable) is a non-GAAP financial measure management uses as a proxy for net income/loss. See “Non-GAAP

Financial Measures” for a reconciliation of GAAP to Non-GAAP financial measures included at the end of this release.

Adjusted

EPS for the fourth quarter of 2025 was a loss of $(0.11) compared to an adjusted EPS loss of $(0.17) in the fourth quarter of 2024. Total

adjusted EPS in 2025 was a loss of $(0.63) compared to a total adjusted EPS loss of $(0.64) in the same period of 2024.

Adjusted

EPS (defined as earnings/loss per diluted share) is a non-GAAP financial measure management uses to assess earnings/loss per diluted

share excluding non-recurring items such as amortization expense of intangible assets, acquisition-related costs, impairment of goodwill

and intangible assets, loss related to disposal of underperforming assets of subsidiary, change in fair value related to consideration

payable, and assets impairments. See “Non-GAAP Financial Measures” for a reconciliation of GAAP to Non-GAAP financial measures

included at the end of this release.

CASH

LIQUIDITY

of December 31, 2025, cash, cash equivalents, and marketable securities totaled $39.6 million compared to $55.4 million as of December

31, 2024. Blink had no debt as of December 31, 2025.

EARNINGS

CONFERENCE CALL

Blink

Charging will host a conference call and webcast to discuss fourth quarter 2025 results today, March 26, 2026, at 4:30 p.m. Eastern Time.

access the live webcast, log onto the Blink Charging website at www.blinkcharging.com, and click on the News/Events section of

the Investor Relations page. Investors may also access the webcast via the following link:

https://www.webcaster5.com/Webcast/Page/2468/53795

participate in the call by phone, dial (888) 506-0062 approximately five minutes prior to the scheduled start time. International callers

please dial +1 (973) 528-0011. Callers should use participant access code: 218910.

replay of the teleconference will be available until April 23, 2026, and may be accessed by dialing (877) 481-4010. International callers

may dial (919) 882-2331. Callers should use replay passcode: 53795.

###

BLINK

CHARGING CO.

CONSOLIDATED

STATEMENTS OF OPERATIONS

(IN

THOUSANDS, EXCEPT FOR SHARE AND PER SHARE AMOUNTS)

(UNAUDITED)

For the Three Months Ended

Year Ended

December 31,

2025

2024

2025

2024

Revenues:

Product sales

$ 11,037

$ 17,165

$ 46,961

$ 81,703

Charging service revenue

9,288

6,228

32,285

21,445

Network fees

4,100

1,648

12,200

7,952

Warranty

206

1,989

3,842

5,687

Grant and rebate

(569 )

310

1,048

Car-sharing services

1,292

1,200

4,809

4,667

Other

1,060

359

3,113

1,535

Total Revenues

27,042

28,020

103,520

124,037

Cost of Revenues:

Cost of product sales

13,998

15,831

41,715

55,796

Cost of charging services

1,203

689

4,524

2,613

Host provider fees

5,118

3,564

17,665

12,870

Network costs

528

583

2,254

2,399

Warranty and repairs and maintenance

611

722

3,538

2,602

Car-sharing services

1,076

1,167

4,266

4,469

Depreciation and amortization

234

1,070

4,055

5,643

Total Cost of Revenues

22,768

23,626

78,017

86,392

Gross Profit

4,274

4,394

25,503

37,645

Operating Expenses:

Compensation

10,466

10,895

49,478

58,665

General and administrative expenses

3,379

8,105

29,349

31,887

Other operating expenses

4,478

4,254

21,355

20,391

Change in fair value of consideration payable and earn-out liabilities

(9,238 )

2,910

Impairment of goodwill

17,897

57,873

17,897

126,984

Impairment of intangible assets

762

Total Operating Expenses

36,982

81,226

109,603

240,837

Loss From Operations

(32,708 )

(76,832 )

(84,100 )

(203,192 )

Other Income (Expense):

Interest expense (expense)

(9 )

(431 )

Dividend income

138

572

1,021

2,935

Gain (loss) on extinguishment of notes payable

Change in fair value of derivatives and other accrued liabilities

(8 )

(10 )

Total Other Income (Expense)

129

617

1,032

2,530

Loss Before Income Taxes

(32,579 )

(76,215 )

(83,068 )

(200,662 )

Provision for income taxes

(154 )

(482 )

(317 )

(656 )

Net Loss

(32,733 )

(76,697 )

(83,385 )

(201,318 )

Net Loss Per Share:

Basic

$ (0.28 )

$ (0.76 )

$ (2.00 )

Diluted

$ (0.28 )

$ (0.76 )

$ (2.00 )

Weighted Aver Number of Common Shares Outstanding

Basic

115,891,622

101,165,997

109,107,002

100,844,970

Diluted

115,891,622

101,165,997

109,107,002

100,844,970

BLINK

CHARGING CO.

CONSOLIDATED

BALANCE SHEETS

(IN

THOUSANDS, EXCEPT FOR SHARE AMOUNTS)

(UNAUDITED)

December 31,

2025

2024

Assets

Current Assets:

Cash and cash equivalents

$ 39,568

$ 41,774

Marketable securities

13,630

Accounts receivable, net

29,532

42,072

Inventory

14,153

36,608

Prepaid expenses and other current assets

6,065

5,396

Total Current Assets

89,318

139,480

Restricted cash

Property and equipment, net

42,691

37,381

Operating lease right-of-use asset

6,331

9,212

Intangible assets, net

6,634

10,388

Goodwill

1,742

17,897

Other assets

648

590

Total Assets

$ 147,453

$ 215,026

Liabilities and Stockholders’ Equity

Current Liabilities:

Accounts payable, accrued expenses and other current liabilities

47,242

38,875

Current portion of earn-out liabilities

1,005

Notes payable

265

Current portion of operating lease liabilities

2,781

3,216

Current portion of financing lease liabilities

Current portion of deferred revenue

12,137

17,078

Total Current Liabilities

63,472

59,468

Consideration payable, non-current portion

21,028

Earn-out liabilities, non-current portion

981

Operating lease liabilities, non-current portion

4,804

7,162

Financing lease liabilities, non-current portion

Deferred revenue, non-current portion

5,145

5,060

Other liabilities

8,497

6,695

Total Liabilities

82,963

99,510

Commitments and contingencies (Note 16)

Stockholders’ Equity:

Preferred stock, $0.001 par value, 40,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2025 and 2024, respectively

Common stock, $0.001 par value, 500,000,000 shares authorized, 142,128,133 and 101,970,907 shares issued and outstanding as of December 31, 2025 and 2024, respectively

142

102

Additional paid-in capital

895,505

860,300

Accumulated other comprehensive loss

(8,731 )

(5,845 )

Accumulated deficit

(822,426 )

(739,041 )

Total Stockholders’ Equity

64,490

115,516

Total Liabilities and Stockholders’ Equity

$ 147,453

$ 215,026

BLINK

CHARGING CO. AND SUBSIDIARIES

CONSOLIDATED

STATEMENTS OF CASH FLOWS

(IN

THOUSANDS)

(UNAUDITED)

For the Year Ended

December 31,

2025

2024

Cash Flows From Operating Activities:

Net loss

$ (83,385 )

$ (201,318 )

Adjustments to reconcile net loss to net cash used in operating activities:

Depreciation and amortization

9,596

12,751

Non-cash lease expense

4,352

3,666

Non-cash gain on lease termination

(72 )

Impairment of goodwill

17,897

126,984

Impairment of intangible assets

762

Change in fair value of derivatives and other accrued liabilities

Provision for credit losses

3,894

1,720

(Gain) loss on extinguishment of notes payable

(36 )

Loss (gain) on disposal of property and equipment

3,112

1,969

Provision for slow moving and obsolete inventory

6,619

4,024

Change in fair value of consideration payable

(9,238 )

2,910

Stock-based compensation

2,764

3,525

Changes in operating assets and liabilities:

Accounts receivable

9,892

(906 )

Inventory

14,840

500

Prepaid expenses and other current assets

(2,117 )

(30 )

Other assets

(27 )

Accounts payable, accrued expenses, and other current liabilities

7,690

(3,768 )

Other liabilities

(7,617 )

6,358

Operating lease liabilities

(4,285 )

(3,222 )

Deferred revenue

(5,542 )

(3,497 )

Total Adjustments

52,528

153,026

Net Cash Used In Operating Activities

(30,857 )

(48,292 )

Cash Flows From Investing Activities:

Proceeds from sale of marketable securities

13,630

10,500

Proceeds from sale of equity method investment

223

Purchase of marketable securities

(1,160 )

Proceeds from government grants

4,811

1,130

Purchase consideration of Zemetric, net of cash acquired

(207 )

Proceeds from sale of property and equipment

3,425

Capitalization of engineering costs

(205 )

Purchases of property and equipment

(9,708 )

(8,617 )

Net Cash Provided By Investing Activities

8,544

5,278

Cash Flows From Financing Activities:

Proceeds from sale of common stock in public offering [1]

19,417

26,396

Repayment of financing liability in connection with finance lease

(36 )

(596 )

Repayment of notes payable

(114 )

(37,881 )

Other

(338 )

Net Cash Provided By (Used In) Financing Activities

19,267

(12,419 )

Effect of Exchange Rate Changes on Cash and Cash Equivalents

851

(1,515 )

Net (Decrease) Increase In Cash and Cash Equivalents and Restricted Cash

(2,195 )

(56,948 )

Cash and Cash Equivalents and Restricted Cash - Beginning of Year

41,852

98,800

Cash and Cash Equivalents and Restricted Cash - End of Year

$ 39,657

$ 41,852

Cash and cash equivalents and restricted cash consisted of the following:

Cash and cash equivalents

$ 39,568

$ 41,774

Restricted cash

$ 39,657

$ 41,852

[1]

For

the year ended December 31, 2025, includes gross proceeds of $20,909, less issuance costs of $1,492.

For

the year ended December 31, 2024, includes gross proceeds of $27,004, less issuance costs of $608.

NON-GAAP

FINANCIAL MEASURES

The

following table reconciles Net Loss attributable to Blink Charging to EBITDA and Adjusted EBITDA for the periods shown:

For the Three Months Ended

Year Ended

December 31,

2025

2024

2025

2024

Net Loss

$ (32,733 )

$ (76,697 )

$ (83,385 )

$ (201,318 )

Add:

Interest Expense

(44 )

(19 )

431

Provision for Income Taxes

154

482

317

656

Depreciation and amortization

3,048

2,856

12,832

13,408

EBITDA

(29,522 )

(73,403 )

(70,255 )

(186,823 )

Add:

Stock-based compensation

577

675

2,719

3,552

Acquisition-related costs

Impairment of goodwill and intangible assets

18,659

57,873

18,659

126,984

Estimated loss related to underperforming assets of subsidiary

676

Change in fair value related to consideration payable

(9,238 )

2,910

Adjusted EBITDA

$ (10,286 )

$ (14,756 )

$ (58,115 )

$ (52,675 )

The

following table reconciles EPS attributable to Blink Charging to Adjusted EPS for the periods shown:

For the Three Months Ended

Year Ended

December 31,

2025

2024

2025

2024

Net loss – per basic and diluted share

$ (0.28 )

$ (0.76 )

$ (2.00 )

Add: Amortization expense of intangible assets

$ 0.01

$ 0.04

$ 0.06

Acquisition-related costs

$ -

$ 0.00

Impairment of goodwill and intangible assets

$ 0.16

$ 0.57

$ 0.17

$ 1.26

Loss related to underperforming assets of subsidiary

$ -

$ 0.01

Change in fair value related to consideration payable

$ -

$ 0.00

$ (0.08 )

$ 0.03

Adjusted EPS

$ (0.11 )

$ (0.17 )

$ (0.63 )

$ (0.64 )

Blink

Charging Co. publicly reports its financial information in accordance with accounting principles generally accepted in the United States

of America (“US GAAP”). To facilitate external analysis of the Company’s operating performance, Blink Charging also

presents financial information that is considered “non-GAAP financial measures” under Regulation G and related reporting

requirements promulgated by the U.S. Securities and Exchange Commission. Non-GAAP measures should be considered in addition to, and not

as a substitute for, or superior to, Net Income (Loss) or other measures of financial performance prepared in accordance with GAAP and

may be different than those presented by other companies, including Blink Charging’s competitors. EBITDA and Adjusted EBITDA are

not performance measures calculated in accordance with GAAP and are, therefore, considered non-GAAP measures. Reconciliation tables are

presented above.

EBITDA

is defined as earnings (loss) attributable to Blink Charging before interest income (expense), provision for income taxes, depreciation

and amortization. Blink Charging believes EBITDA is useful to its management, securities analysts, and investors in evaluating operating

performance because it is one of the primary measures used to evaluate the economic productivity of the Company’s operations, including

its ability to obtain and maintain its customers, its ability to operate its business effectively, the efficiency of its employees and

the profitability associated with their performance. It also helps Blink Charging’s management, securities analysts, and investors

to meaningfully evaluate and compare the results of the Company’s operations from period to period on a consistent basis by removing

the impact of its merger and acquisition expenses, financing transactions, and the depreciation and amortization impact of capital investments

from its operating results.

The

Company also believes that Adjusted EBITDA (defined as EBITDA adjusted for non-recurring or non-cash items such as stock-based compensation,

acquisition related costs, impairment of goodwill and intangible assets, loss related to underperforming assets of subsidiary, change

in fair value related to consideration payable) is useful to securities analysts and investors to evaluate the Company’s core operating

results and financial performance because it excludes items that are significant non-cash or non-recurring expenses reflected in the

Consolidated Statements of Operations.

Our

definition of Adjusted EBITDA and Adjusted EPS may differ from other companies reporting similarly named measures. These measures should

be considered in addition to, and not as a substitute for, or superior to, other measures of financial performance prepared in accordance

with GAAP, such as Net Loss, and Diluted Earnings per Share.

About

Blink Charging

Blink

Charging Co. (NASDAQ: BLNK) is a global leader in electric vehicle (EV) charging equipment and services, enabling drivers, hosts, and

fleets to easily transition to electric transportation through innovative charging solutions. Blink’s principal line of products

and services include Blink’s EV charging network (“Blink Network”), EV charging equipment, and EV charging services.

The Blink Network uses proprietary, cloud-based software that operates, maintains, and tracks the EV charging stations connected to the

network and the associated charging data. Blink has established key strategic partnerships for rolling out adoption across numerous location

types, including parking facilities, multifamily residences and condos, workplace locations, health care/medical facilities, schools

and universities, airports, auto dealers, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions,

restaurants, retailers, stadiums, supermarkets, and transportation hubs.

For

more information, please visit https://blinkcharging.com/

Forward-Looking

Statements

This

press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section

21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, and terms such as “anticipate,”

“expect,” “intend,” “may,” “will,” “should” or other comparable terms, involve

risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include

statements regarding the intent, belief or current expectations of Blink Charging and members of its management, as well as the assumptions

on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of

future performance and involve risks and uncertainties, including achieving projected revenue, adjusted EBITDA and gross margin targets

as described in Blink Charging’s periodic reports filed with the SEC, and that actual results may differ materially from those

contemplated by such forward-looking statements. Except as required by federal securities law, Blink Charging undertakes no obligation

to update or revise forward-looking statements to reflect changed conditions.

Blink

Investor Relations Contact

Vitalie

Stelea

IR@BlinkCharging.com

Blink

Media Contact

Felicitas

Massa

PR@BlinkCharging.com

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