$BLNK
Car Charging Group, Inc.
CIK:0001429764|SEC Filings
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Revenues: | ||||||
| Total Revenues | $ 21,674 | $ 28,705 | $ 42,453 | $ 49,423 | ||
| Cost of Revenues: | ||||||
| Total Cost of Revenues | 13,233 | 23,873 | 27,373 | 37,522 | ||
| Gross Profit | 8,441 | 4,832 | 15,080 | 11,901 | ||
| Operating Expenses: | ||||||
| Compensation | 8,352 | 13,767 | 18,515 | 27,321 | ||
| General and administrative expenses | 1,750 | 10,686 | 5,302 | 17,899 | ||
| Other operating expenses | 4,122 | 6,725 | 7,755 | 12,074 | ||
| Depreciation and amortization | 1,715 | 1,432 | 2,782 | 3,087 | ||
| Change in fair value of consideration payable and earn-out liabilities | (1,273) | 1,784 | (1,273) | 2,463 | ||
| Total Operating Expenses | 14,666 | 34,394 | 33,081 | 62,844 | ||
| Loss From Operations | (6,225) | (29,562) | (18,001) | (50,943) | ||
| Other Income (Expense): | ||||||
| Other income, net | 250 | 345 | 492 | 746 | ||
| Total Other Income, Net | 250 | 345 | 492 | 746 | ||
| Loss Before Income Taxes | (5,975) | (29,217) | (17,509) | (50,197) | ||
| Provision for income taxes | (64) | (95) | (93) | (123) | ||
| Net Loss | $ (6,039) | $ (29,312) | $ (17,602) | $ (50,320) | ||
| Net Loss Per Share: | ||||||
| Basic | $ (0.04) | $ (0.28) | $ (0.12) | $ (0.49) | ||
| Diluted | $ (0.04) | $ (0.28) | $ (0.12) | $ (0.49) | ||
| Weighted Average Number of Common Shares Outstanding: | ||||||
| Basic | 144,260,561 | 102,899,705 | 143,713,633 | 102,684,303 | ||
| Diluted | 144,260,561 | 102,899,705 | 143,713,633 | 102,684,303 | ||
| Product [Member] | ||||||
| Revenues: | ||||||
| Total Revenues | $ 7,439 | $ 14,509 | $ 13,633 | $ 22,889 | ||
| Cost of Revenues: | ||||||
| Total Cost of Revenues | 4,948 | 14,074 | 8,671 | 19,622 | ||
| Service [Member] | ||||||
| Revenues: | ||||||
| Total Revenues | 11,484 | 10,809 | 23,714 | 20,315 | ||
| Cost of Revenues: | ||||||
| Total Cost of Revenues | 5,823 | 6,222 | 13,202 | 11,503 | ||
| Other [Member] | ||||||
| Revenues: | ||||||
| Total Revenues | 1,928 | 2,276 | 3,164 | 3,933 | ||
| Cost of Revenues: | ||||||
| Total Cost of Revenues | 766 | 1,302 | 1,575 | 2,142 | ||
| Operating Expenses: | ||||||
| Other operating expenses | [1] | 2,680 | 5,259 | 4,937 | 8,815 | |
| Car Sharing Services [Member] | ||||||
| Revenues: | ||||||
| Total Revenues | 823 | 1,111 | 1,942 | 2,286 | ||
| Cost of Revenues: | ||||||
| Total Cost of Revenues | 598 | 1,067 | 1,632 | 1,752 | ||
| Depreciation and Amortization [Member] | ||||||
| Cost of Revenues: | ||||||
| Total Cost of Revenues | $ 1,098 | $ 1,208 | $ 2,293 | $ 2,503 | ||
| ||||||
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands |
Jun. 30, 2026 |
Dec. 31, 2025 |
|---|---|---|
| Current Assets: | ||
| Cash and cash equivalents | $ 34,004 | $ 39,568 |
| Accounts receivable, net | 18,923 | 29,532 |
| Inventory, net | 11,287 | 14,153 |
| Prepaid expenses and other current assets | 6,856 | 6,065 |
| Total Current Assets | 71,070 | 89,318 |
| Restricted cash | 619 | 89 |
| Property and equipment, net | 40,649 | 42,691 |
| Operating lease right-of-use assets | 2,781 | 6,331 |
| Intangible assets, net | 4,765 | 6,634 |
| Goodwill | 1,742 | 1,742 |
| Other assets | 711 | 648 |
| Total Assets | 122,337 | 147,453 |
| Current Liabilities: | ||
| Accounts payable, accrued expenses and other current liabilities | 45,960 | 47,242 |
| Current portion of earn-out liabilities | 713 | 1,005 |
| Notes payable | 265 | 265 |
| Current portion of operating lease liabilities | 1,305 | 2,781 |
| Current portion of financing lease liabilities | 42 | |
| Current portion of deferred revenue | 12,563 | 12,137 |
| Total Current Liabilities | 60,806 | 63,472 |
| Earn-out liabilities, non-current portion | 981 | |
| Operating lease liabilities, non-current portion | 2,899 | 4,804 |
| Financing lease liabilities, non-current portion | 64 | |
| Deferred revenue, non-current portion | 2,556 | 5,145 |
| Other liabilities | 8,283 | 8,497 |
| Total Liabilities | 74,544 | 82,963 |
| Commitments and contingencies (Note 7) | ||
| Stockholders’ Equity: | ||
| Preferred stock, $0.001 par value, 40,000,000 shares authorized, 0 shares issued and outstanding as of June 30, 2026 and December 31, 2025 | ||
| Common stock, $0.001 par value, 500,000,000 shares authorized, 143,779,491 and 142,128,133 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | 144 | 142 |
| Additional paid-in capital | 897,525 | 895,505 |
| Accumulated other comprehensive loss | (9,848) | (8,731) |
| Accumulated deficit | (840,028) | (822,426) |
| Total Stockholders’ Equity | 47,793 | 64,490 |
| Total Liabilities and Stockholders’ Equity | $ 122,337 | $ 147,453 |