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Sep 30, 2020
Blink Charging Q3 2020 Earnings Report
Reported strong quarterly earnings despite business shutdowns during the third quarter due to the ongoing global pandemic.
Key Takeaways
Blink Charging announced its Q3 2020 financial results, demonstrating growth through increased revenue driven by significant increases in product sales, despite challenges with logistics, shipping delays, and a decrease in driving patterns impacting utilization due to the ongoing pandemic. The company sold, deployed, or acquired 668 EV charging stations across 25 states, including upgrades of first-generation equipment with state-of-the-art IQ 200 chargers.
The company experienced continued growth demonstrated by increased revenue driven by significant increases in product sales.
668 EV charging stations were sold, deployed, or acquired across 25 states.
89 deployments were upgrades to replace first-generation equipment with IQ 200 chargers, 88 of which are Blink-owned.
Blink Charging acquired BlueLA Carsharing, doubling the number of Blink stations in Los Angeles.
Forward Guidance
Blink Charging believes it is well positioned to grow its global position as a leading provider of charging stations as worldwide demand continues to increase for effective and convenient EV infrastructure.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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