Blink Charging's "Uncertain" Truth

And, indie Semiconductor's bad outlook.

May 13, 2025

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Today is Tuesday, May 13, 2025.

The Early Bird Index today is 76.34

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Blink Charging $BLNK ( ▲ 3.15% ) , which makes electric vehicle charging equipment and provides services, fell 7.59% in after-hours trading on Monday after posting bad financial results.

Financials: Blink Charging reported a loss of 18 cents per share and revenue of $20.8 million in the past quarter. Both were lower than expected.

Powering the Story: Although services revenue jumped 29%, the product sales revenue plunged nearly 70% in the period.

Quote: “...first quarter revenue fell short of expectations primarily due to the uncertain economic climate impacting customers’ discretionary spending decisions.” - CEO Mike Battaglia.

Early Bird’s Nest Egg Gains: Blink Charging is facing significant challenges. High interest rates and inflation have led consumers to prioritize essential expenses over discretionary ones, such as EV purchases and related infrastructure.

  • The pause of the $5 billion National Electric Vehicle Infrastructure (NEVI) program and potential rollbacks of EV-related tax credits under the current administration have created uncertainty in the EV market.

Final Thoughts: The bad times continue for Blink Charging. The stock was down 42% this year.

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Notables

Notable Earnings Today: Tencent Music (NYSE: TME), JD.com (Nasdaq: JD) Intuitive Machines (Nasdaq: LUNR), Under Armour (NYSE: UAA), Karman Space and Defense (NYSE: KRMN), Sea Limited (NYSE: SE), On (NYSE: ONON), Paysafe (NYSE: PSFE), Nu Holding (NYSE: NU), CyberArk Software (Nasdaq: CYBR), Oklo (NYSE: OKLO), Exelixis (Nasdaq: EXEL), Camtek (Nasdaq: CAMT), HUYA (HUYA), CAE (NYSE: CAE), Capricor Therapeutics (Nasdaq: CAPR), Everus (NYSE: ECG), Gevo (Nasdaq: GEVO), GRAIL (Nasdaq: GRAL), International Game Technology (NYSE: IGT), KinderCare Learning Companies (NYSE: KLC), Landstar System (Nasdaq: LSTR) Legend Biotech (Nasdaq: LEGN), Loar Holdings (NYSE: LOAR), Silicon Labs (Nasdaq: SLAB), SurgePays (Nasdaq: SURG), WEBTOON Entertainment (Nasdaq: WBTN).

Notable IPOs Today: N/A.

Notable Equity Crowdfunding Campaigns Ending Today: N/A.

Notable Economic Events Today: Consumer Price Index / Core CPI (8:30 a.m. ET), API Weekly Crude Oil Stock (4:30 p.m. ET).

indie Semiconductor's Bad Outlook

indie Semiconductor $INDI ( ▲ 13.31% ) fell 10.23% in after-hours trading on Monday after posting mixed financial results.

Financials: indie Semiconductor reported a loss of 8 cents per share in the past quarter, which was in-line. The revenue in the quarter was $54.1 million, which was lower than expected.

Powering the Story: The bad times are poised to continue for indie Semiconductor. The company only expects revenue in the current quarter to be between $50 and $53 million due to the “current market uncertainty.”

Final Thoughts: These results come as the stock has fallen 37% in 2025.

Coinbase to Join S&P 500

Cryptocurrency platform Coinbase Global $COIN ( ▲ 3.96% ) jumped 10.94% in after-hours trading on Monday after it was revealed that the company would join the S&P 500.

Details: The company will replace Discovery Financial Services $DFS ( ▲ 6.52% ) in the S&P 500.

Final Thoughts: This is good news for Coinbase, which had been down 19% this year.

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.