Blink Charging Co. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Blink Charging Co. has filed its 2023 annual report (10-K) detailing its financial performance and operations for the fiscal year ending December 31, 2023.</b>

AI Summary

Blink Charging Co. (BLNK) filed a Annual Report (10-K) with the SEC on March 18, 2024. Blink Charging Co. reported its 2023 fiscal year results in a 10-K filing. The company's fiscal year ended on December 31, 2023. The filing was submitted on March 18, 2024. Blink Charging Co. is incorporated in Nevada. The company's principal business address is in Miami Beach, Florida.

Why It Matters

For investors and stakeholders tracking Blink Charging Co., this filing contains several important signals. This filing provides a comprehensive overview of Blink Charging's financial health, operational activities, and strategic direction for the past fiscal year, crucial for investors and stakeholders to assess performance and future prospects. As a 10-K filing, it contains audited financial statements and detailed risk factors, offering critical insights into the company's market position, competitive landscape, and potential challenges within the electric vehicle charging industry.

Risk Assessment

Risk Level: — Blink Charging Co. shows moderate risk based on this filing. The company operates in the rapidly evolving electric vehicle charging market, which is subject to significant competition, technological advancements, and regulatory changes, posing a medium risk to its sustained growth and profitability.

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 10-K to understand Blink Charging's current financial position and future growth potential in the competitive EV charging sector.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed period of report)
• 2024-03-18 — Filing Date (Date the 10-K was filed)
• 001-38392 — SEC File Number (SEC file number for Blink Charging Co.)

Key Players & Entities

• Blink Charging Co. (company) — Filer of the 10-K report
• Car Charging Group, Inc. (company) — Former name of Blink Charging Co.
• NEW IMAGE CONCEPTS, INC (company) — Former name of Blink Charging Co.
• Miami Beach, Florida (location) — Business and mailing address
• Nevada (location) — State of incorporation

FAQ

Industry Context

Blink Charging Co. operates in the electric vehicle charging infrastructure sector, a rapidly growing industry driven by increasing EV adoption and government initiatives.

Regulatory Implications

The electric vehicle charging industry is subject to various regulations concerning safety standards, grid integration, and environmental impact, which can affect operational costs and market access.

What Investors Should Do

1. Analyze the detailed financial statements within the 10-K to assess revenue growth, profitability, and cash flow.
2. Review the risk factors section to understand potential challenges and their impact on the company's future performance.
3. Compare Blink Charging's performance and strategic initiatives against industry trends and competitors.

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K filing.
• 2024-03-18: 10-K Filing Date — The date Blink Charging Co. submitted its annual report to the SEC.

Year-Over-Year Comparison

This is the initial 10-K filing for the period ending December 31, 2023, as no prior period data was provided in the extract for comparison.

Key Financial Figures

• $5.99 — which the common equity was last sold ($5.99) as of the last business day of the reg
• $130 billion — he United States representing more than $130 billion in annual purchasing volume. 4 In 2
• $7.5 billion — Bipartisan Infrastructure Law provides $7.5 billion for EV charging network development acr

Filing Documents

• form10-k.htm (10-K) — 2936KB
• ex21-1.htm (EX-21.1) — 34KB
• ex23-1.htm (EX-23.1) — 4KB
• ex31-1.htm (EX-31.1) — 20KB
• ex31-2.htm (EX-31.2) — 20KB
• ex32-1.htm (EX-32.1) — 9KB
• ex32-2.htm (EX-32.2) — 9KB
• ex97-1.htm (EX-97.1) — 21KB
• form10-k_001.jpg (GRAPHIC) — 25KB
• 0001493152-24-010214.txt (&nbsp;) — 14904KB
• blnk-20231231.xsd (EX-101.SCH) — 95KB
• blnk-20231231_cal.xml (EX-101.CAL) — 91KB
• blnk-20231231_def.xml (EX-101.DEF) — 395KB
• blnk-20231231_lab.xml (EX-101.LAB) — 800KB
• blnk-20231231_pre.xml (EX-101.PRE) — 594KB
• form10-k_htm.xml (XML) — 3127KB

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. 28 ITEM 7A.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. 40 ITEM 8.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA. 40 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE. 40 ITEM 9A.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES. 40 ITEM 9B. OTHER INFORMATION. 42 ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS. 42 PART III ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE. 4 3 ITEM 11.

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION. 43 ITEM 12.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS. 43 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE. 43 ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES. 43 PART IV ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES. 44 ITEM 16. FORM 10-K SUMMARY 45

SIGNATURES

SIGNATURES 46 2 FORWARD-LOOKING AND CAUTIONARY STATEMENTS This Annual Report on Form 10-K (this "Annual Report") contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), that involve substantial risks and uncertainties. Forward-looking strictly to historical or current facts. Forward-looking statements involve risks and uncertainties and include statements regarding, among other things, our projected revenue growth and profitability, our growth strategies and potential acquisitions, anticipated trends in our market, and our anticipated needs for working capital. They are generally identifiable by the use of the words "may," "will," "should," "anticipate," "estimate," "plans," "potential," "projects," "continuing," "ongoing," "expects," "management believes," "we believe," "we intend" or the negative of these words or other variations on these words or comparable terminology. Forward-looking According to The International Energy Agency, global EV sales are projected to grow from 3 million vehicles in 2020 to about 25 million vehicles in 2030, a 25% compound annual growth rate (CAGR) over this period; the EV charger industry as a whole is undercapitalized to deliver the full potential of the expected EV market growth in the near future; we expect to retain our leadership position with new capital; we do not anticipate paying any cash dividends on our common stock; we anticipate continuing to expand our revenues by selling our next generation of EV charging equipment, expanding Blink owned and operated charging equipment, expanding our sales channels, and implementing EV charging station occupancy fees (fees for remaining connected to the charging station beyond an al

View Full Filing

View this 10-K filing on SEC EDGAR