Blink Charging to Position Company for the Future by Implementing Planned Operational Cost Reductions
Blink Charging Co. (BLNK)
Last blink charging co. earnings: 8/14 04:26 pm
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US:NASDAQ Investor Relations:
ir.blinkcharging.com
Company Research
Source: GlobeNewswire
EV Charging Infrastructure Leader to Implement Operational Cost Reduction Plan. Bowie, MD, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading manufacturer, owner, operator, and provider of electric vehicle (EV) charging equipment and services, today announced that it will implement its planned operational cost reduction actions designed to position the Company for short and long-term success within current economic conditions. The cost reduction plan anticipates reducing the global personnel count by 14%, resulting in annualized savings of approximately $9 million. It will begin immediately and be completed in the first quarter of 2025. The plan aims to improve operational efficiencies by streamlining functions across the company. Blink is focused on strengthening its financial position by improving economic stability, profitability, and competitive positioning. Blink plans to develop a more efficient and resilient organizat
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BLNK
News
- Blink Charging to lower global personnel count by 14% as part of cost reduction plan [Seeking Alpha]Seeking Alpha
- Is Blink Charging (BLNK) The Best EV Charging Stock To Invest In? [Yahoo! Finance]Yahoo! Finance
- Blink Charging to Host ‘CEO to Future CEO’ Fireside Chat on EV Industry Developments and Strategic VisionGlobeNewswire
- Blink Joins WEX in Advancing EV Charging Solutions for Mixed Fleets [Yahoo! Finance]Yahoo! Finance
- Blink Joins WEX in Advancing EV Charging Solutions for Mixed FleetsGlobeNewswire
BLNK
Earnings
- 8/7/24 - Miss
BLNK
Sec Filings
- 8/30/24 - Form 8-K
- 8/9/24 - Form 10-Q
- 8/7/24 - Form 8-K
- BLNK's page on the SEC website