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Mar 31, 2021

Blink Charging Q1 2021 Earnings Report

Announced first quarter 2021 results, demonstrating strong revenue and sales growth.

Key Takeaways

Blink Charging announced a strong start to 2021 with significant revenue and sales growth. The company is focused on expanding its leadership role in the EV charging industry, both domestically and internationally. They also announced the acquisition of Blue Corner N.V., which expands their presence in Europe.

Blink is well-positioned to drive growth throughout 2021.

The acquisition of Blue Corner N.V. provides Blink with a significant infrastructure footprint in Europe.

Blink is focused on expanding its charging footprint both domestically and internationally.

The company's owner/operator business model targets high-density, high-volume locations, creating recurring revenue streams.

Total Revenue
$2.23M
Previous year: $1.3M
+71.8%
EPS
-$0.18
Previous year: -$0.11
+63.6%
Gross Profit
$96.4K
Previous year: $309K
-68.8%
Cash and Equivalents
$196M
Previous year: $22.3M
+775.7%
Free Cash Flow
-$12.5M
Previous year: -$3.71M
+237.1%
Total Assets
$252M
Previous year: $9.8M
+2470.1%

Blink Charging

Blink Charging

Forward Guidance

Blink Charging is focused on expanding its leadership role in the EV charging industry and extending its charging footprint, both domestically and internationally.

Positive Outlook

  • Strong revenue and sales growth.
  • Progress with owner/operator business model.
  • Momentum in the EV industry.
  • Substantial interest in Blink chargers.
  • Establishment of EV infrastructure becoming a priority.