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Sep 30, 2021
Blink Charging Q3 2021 Earnings Report
Blink Charging's financial performance improved with record revenues in product sales and service revenues.
Key Takeaways
Blink Charging Co. announced strong third-quarter results, with total revenues reaching $6.4 million, a 607% increase compared to the prior year period. The company experienced growth in product sales and service revenues, driven by increased charger utilization and expansion of the Blink network. However, the net loss for the quarter was $15.3 million, or $0.36 per share, compared to a net loss of $3.9 million, or $0.12 per share in the third quarter of 2020.
Total revenues for the third quarter of 2021 were $6.4 million, a 607% increase compared to the prior year period.
Product sales were $4.8 million, up 766% from the same period a year ago, driven by increased sales of commercial chargers, DC fast chargers, and residential chargers.
Service revenues were $1.4 million, up 425% from the third quarter last year, driven by greater utilization of chargers and an increased number of chargers on the Blink network.
Net loss for the third quarter of 2021 was $15.3 million, or $0.36 per share, compared to a net loss of $3.9 million, or $0.12 per share in the third quarter of 2020.
Revenue by Segment
Forward Guidance
Blink Charging anticipates winning many more future grant awards, coupled with a robust pipeline of opportunities ahead, they look forward to finishing the year strong and carrying this momentum into 2022.
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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