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Mar 31, 2022
Blink Charging Q1 2022 Earnings Report
Blink Charging announced record revenues with exponential year-over-year growth driven by increased product sales and service revenues.
Key Takeaways
Blink Charging Co. reported a significant increase in revenue for Q1 2022, driven by increased product sales and service revenues. Total revenues increased by 339% compared to the same period in 2021. However, the company's net loss also increased.
Total revenues increased 339% to $9.8 million compared to Q1 2021.
Product sales increased 382% to $8.1 million driven by increased sales of commercial chargers, DC fast chargers and residential chargers.
Service revenues increased 346% to $1.5 million driven by greater utilization of chargers and an increased number of chargers on the Blink network.
Net loss for the quarter was $15.1 million, or $(0.36) per share.
Revenue by Segment
Forward Guidance
Blink is increasingly well positioned to capitalize on industry growth as we move through the balance of the year, and we’re excited about the opportunities we’re seeing both in the United States and abroad as individuals, municipalities, and government entities prepare for the broader transition to EV use.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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