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Dec 31, 2021
Blink Charging Q4 2021 Earnings Report
Blink Charging announced record fourth quarter and full year revenue, driven by strong product sales and service revenues.
Key Takeaways
Blink Charging Co. reported a significant increase in revenue for Q4 2021, reaching $7.9 million, a 224% increase compared to Q4 2020. This growth was primarily driven by increased product sales and service revenues. However, the company experienced a net loss of $19.0 million, or $0.45 per share, compared to a net loss of $7.9 million, or $0.24 per share in Q4 2020.
Total revenue increased by 224% to $7.9 million compared to Q4 2020.
Product sales rose by 214% to $5.7 million, driven by increased sales of commercial chargers, DC fast chargers, and residential chargers.
Service revenues increased by 271% to $1.8 million, driven by greater utilization of chargers and an increased number of chargers on the Blink network.
Net loss for the quarter was $19.0 million, or $0.45 per share.
Revenue by Segment
Forward Guidance
Blink is excited about the opportunities to bring their industry-leading charging technology to a broader audience in the U.S. and internationally in 2022. They look forward to growing their leadership role in the development of robust and consistent EV charging infrastructure.
Positive Outlook
- Bringing industry-leading charging technology to a broader audience.
- Expanding both in the U.S. and internationally.
- Growing leadership role in EV charging infrastructure.
- More than a decade of proven success in the EV charging industry.
- Capitalizing on the growing market demand for EV charging as the transition to EVs progresses.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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