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Jun 30, 2021

Blink Charging Q2 2021 Earnings Report

Experienced significant growth driven by hardware sales and service revenues.

Key Takeaways

Blink Charging announced strong second quarter results, driven by growth in hardware sales and service revenues. The company continues to scale its business and expand its global presence, including the acquisition of Blue Corner N.V.

Experienced extraordinary growth in the quarter.

Aggressively scaled business and expanded presence around the world.

Saw strong performance in hardware sales and service revenues.

Focused on enlisting the best talent available to continue to build a world class company

Total Revenue
$4.36M
Previous year: $900K
+383.9%
EPS
-$0.32
Previous year: -$0.11
+190.9%
Gross Profit
$644K
Previous year: $414K
+55.6%
Cash and Equivalents
$196M
Previous year: $3.82M
+5018.1%
Free Cash Flow
-$13.4M
Previous year: -$3.25M
+313.3%
Total Assets
$247M
Previous year: $11M
+2145.0%

Blink Charging

Blink Charging

Forward Guidance

Blink Charging is focused on scaling the business and expanding charging footprint both domestically and internationally, targeting high-density, high-volume locations with long-term, renewable contracts and a revenue sharing model.

Positive Outlook

  • Scaling business
  • Expanding charging footprint domestically
  • Expanding charging footprint internationally
  • Targeting high-density locations
  • Utilizing long-term contracts