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Dec 31, 2022
Blink Charging Q4 2022 Earnings Report
Blink Charging announced record fourth quarter and year end results, driven by organic growth and strategic acquisitions.
Key Takeaways
Blink Charging reported a 184% increase in revenue to $22.6 million for Q4 2022, driven by increased product sales and service revenues. Gross profit increased by 370% to $6.5 million. The company is targeting revenues between $100 million and $110 million for the full year 2023.
Total revenue increased 184% to $22.6 million.
Product sales increased 176% to $15.8 million.
Service revenues increased 213% to $5.7 million.
Gross profit increased 370% to $6.5 million, representing 29% of revenue.
Blink Charging
Blink Charging
Blink Charging Revenue by Segment
Revenue by Segment
Product Sales Revenue
CapyFin.comService Revenues Revenue
CapyFin.comNetwork Fees Revenue
CapyFin.com Forward Guidance
The company is targeting revenues in the range of $100 million to $110 million and targeting gross profit in excess of 30% for full year 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income