Blink Charging Co. (NASDAQ:BLNK) Q1 2024 Earnings Call Transcript

When you sell a charging station to someone and if they don’t maintain it, it’s very difficult to, in some respects, enforce that if you will. So we are trying many different things from a marketing perspective, from a field services perspective, to ensure that the entire portfolio of blink chargers in the market are at their optimized reliability.

Noel Parks: Great, thanks. Sounds perfect.

Operator: Thank you very much. Well, we have reached the end of our question-and-answer session. I will now hand back over to Vitalie for any closing remarks.

Vitalie Stelea: Thank you, Jenny, and thank you all for joining us on the call today and for your interest in Blink, especially as we announced our another record first quarter. To summarize the quarter in a few numbers, our Q1 revenue was up 73%, our gross profit was up nearly 200%, and we did all of that while reducing total operating expenses by 13% and making significant progress towards our adjusted EBITDA profitability run rate target. So for additional questions or requests to meet with management, please email us at ir@blinkcharging.com and we’ll look forward to engaging with you in the future. Thank you.

Operator: Thank you very much. This does conclude today’s conference call. You may disconnect your phone lines and have a wonderful rest of the day. Thank you for your participation.