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Dec 31, 2019
Blink Charging Q4 2019 Earnings Report
Announced 2019 year end financial results, focusing on development, pilot, and launching of the IQ 200.
Key Takeaways
Blink Charging announced its 2019 financial results, highlighting a year of investment in the development, pilot, and launch of the IQ 200, along with upgrades to the Blink network and expansion of sales and marketing efforts.
Focused resources on the development, pilot, and launching of the IQ 200 in 2019.
Invested in the upgrade and large-scale improvements of the Blink network to ensure scalability and reliability.
Focused on sales and marketing expansion, reflected in increases in product sales and network fees.
Continue to create the infrastructure necessary to support customers, while taking precautionary measures to protect employees, staff, and stakeholders.
Forward Guidance
Blink Charging plans to maintain its momentum as a major player in the EV market through a disciplined approach over the next several months.
Positive Outlook
- Maintaining momentum as a major player in the EV market.
- Disciplined approach to growth.
- Focus on creating infrastructure to support customers.
- Taking precautionary measures to protect employees, staff, and stakeholders.
- New equipment offerings have been extremely well-received within the industry with property partners and industry experts, further driving the demand for our products and services.
Challenges Ahead
- Volatility of the markets due to the COVID-19 crisis.
- Risks and uncertainties related to forward-looking statements.
- Dependence on circumstances that will occur in the future.
- Potential for actual results to differ materially from those contemplated by forward-looking statements.
Historical Earnings Impact
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