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Sep 30, 2023
Blink Charging Q3 2023 Earnings Report
Blink Charging announced record third quarter with revenue growth and increased gross profit.
Key Takeaways
Blink Charging announced a record third quarter with a 152% increase in revenue to $43.4 million and a 167% increase in gross profit. The company is increasing its 2023 revenue target to $128 - $133 million.
Total revenues increased 152% to $43.4 million compared to the third quarter of 2022.
Product sales increased 162% to $35.1 million driven by increased sales of commercial L2 and DCFC chargers.
Gross profit increased 167% to $12.8 million, or 29.5% of revenue.
Net loss for the third quarter of 2023 was $112.7 million, or $(1.74) per share.
Revenue by Segment
Forward Guidance
Blink is increasing its 2023 revenue target to $128 - $133 million and is targeting achieving a positive Adjusted EBITDA run rate by December 2024.
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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