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Dec 31, 2020

Blink Charging Q4 2020 Earnings Report

Blink Charging announced fourth quarter and full year 2020 results.

Key Takeaways

Blink Charging's Q4 2020 results showed a strong close to the year, with significantly increased revenue driven by substantial growth in product sales.

Blink's fourth quarter 2020 results delivered a strong close to 2020.

Revenue increased significantly due to substantial growth in product sales.

66% of commercial deployments were Blink-owned units during the fourth quarter.

The company completed a successful equity raise in January, strengthening the balance sheet.

Total Revenue
$2.45M
Previous year: $701K
+249.7%
EPS
-$0.24
Previous year: -$0.11
+118.2%
Gross Profit
$427K
Previous year: -$97.3K
-538.8%
Cash and Equivalents
$22.3M
Previous year: $4.17M
+435.9%
Free Cash Flow
-$9.78M
Previous year: $18M
-154.5%
Total Assets
$34M
Previous year: $11.9M
+184.5%

Blink Charging

Blink Charging

Forward Guidance

Blink is positioned for continued success at the beginning of 2021 and plans to capitalize on opportunities to provide accessible, fast, and reliable EV infrastructure.