Blink Charging Co. (NASDAQ:BLNK), a leader in electric vehicle charging equipment currently valued at $152 million, announced the appointment of Martha J. Crawford to its Board of Directors, effective immediately. The addition of Dr. Crawford, a distinguished international businesswoman with extensive experience in environmental services and energy sectors, expands the board to seven members. According to InvestingPro data, while the company's stock has declined over 50% in the past year, analysts expect improved profitability ahead.
Dr. Crawford's election on Wednesday comes with a wealth of relevant expertise, including her current role as an Operating Partner at Macquarie Asset Management, the world's largest environmental infrastructure private equity fund. Her academic tenure includes positions at Harvard Business School and as Dean of the Jack Welch College of Business & Technology at Sacred Heart University.
Her professional journey has been marked by significant international experience, especially in France, where she held positions such as Chief Technology Officer at Air Liquide (OTC:AIQUY) and Orano, companies known for their focus on industrial gases, decarbonization technologies, and nuclear and renewable energies, respectively.
Crawford's board experience spans several French multinational companies and continues with her current roles on the boards of waste management and recycling firms LRS and DTG, as well as the Health Effects Institute and the Energy Transition Institute.
Her academic credentials are equally impressive, holding an MS and a Ph.D. in environmental engineering from Harvard University, an M.B.A. from the French Collège des Ingénieurs, and an Executive Certificate in Private Equity and Venture Capital from Columbia Business School.
This strategic board appointment is seen as aligning with Blink Charging's commitment to leadership in the EV charging industry and environmental stewardship. The company maintains a strong financial position with more cash than debt on its balance sheet and a healthy current ratio of 2.52.
Discover more about Blink Charging's financial health, growth prospects, and industry position through InvestingPro's extensive metrics and expert analysis.
In other recent news, Blink Charging Co. has secured a three-year contract to enhance electric vehicle (EV) charging infrastructure at Princess Royal University Hospital.
This initiative involves the installation of 41 EV chargers and 21 contactless payment terminals. The company maintains a strong liquidity position and has reported revenue of $138.73 million in the last twelve months.
Financial advisory firms Needham and UBS have downgraded Blink Charging due to concerns over revenue growth and market conditions. Despite this, Blink Charging reported a third-quarter revenue of $25.2 million and improved its gross margin to 36%, up from 29% the previous year. The company anticipates positive adjusted EBITDA in the second half of 2025.
Blink Charging has also formed a strategic partnership with ChargeHub to expand its electric vehicle charger access. This partnership aims to enhance user experience by integrating Blink's public EV chargers into ChargeHub's Passport roaming hub.
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