NASDAQ$BLNK

Blink Charging Co · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Announced first quarter 2021 results, demonstrating strong revenue and sales growth.

Blink Charging announced a strong start to 2021 with significant revenue and sales growth. The company is focused on expanding its leadership role in the EV charging industry, both domestically and internationally. They also announced the acquisition of Blue Corner N.V., which expands their presence in Europe.

  • Blink is well-positioned to drive growth throughout 2021.
  • The acquisition of Blue Corner N.V. provides Blink with a significant infrastructure footprint in Europe.
  • Blink is focused on expanding its charging footprint both domestically and internationally.
  • The company's owner/operator business model targets high-density, high-volume locations, creating recurring revenue streams.

Headline financials

Total Revenue

$2.23M

Previous: $1.3M+71.8%
EPS (adj)

-$0.18

Previous: -$0.11-63.6%
Capital Expenditures

-$4.02M

Previous: -$301K-1236.2%
Free Cash Flow

-$11.4M

Previous: -$3.26M-249.0%
Net Income

-$7.36M

Previous: -$2.96M-148.7%
Operating Income

-$7.39M

Previous: -$3.02M-144.7%
Gross Profit

$96.4K

Previous: $309K-68.8%
Cash & Equivalents

$196M

Previous: $1.34M+14457.3%
Total Assets

$252M

Previous: $9.8M+2470.1%

Revenue & EPS history

Blink Charging · Revenue · Quarterly

$2.23M

Q1 2021+71.8%vs Q1 2020
Beat estimate in 9 of 13 quarters(69%)
ActualEstimate

Revenue by segment

Blink Charging · $43.4M total across 3 segments · Q3 2023

  • Product Sales
    $35.1M+161.9%
  • Service Revenues
    $6.7M+116.1%
  • Other Revenues
    $1.6M

Forward guidance

Blink Charging is focused on expanding its leadership role in the EV charging industry and extending its charging footprint, both domestically and internationally.

Tailwinds

  • Strong revenue and sales growth.
  • Progress with owner/operator business model.
  • Momentum in the EV industry.
  • Substantial interest in Blink chargers.
  • Establishment of EV infrastructure becoming a priority.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.6%

Avg return

Earnings day

-1.0%

Avg return

5 days after

+12.9%

Avg return

30 days after

41%

26 / 64 earnings

Positive

+40.0%

Q2 2011

Best reaction

-25.4%

Q4 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+12.1%-2.3%
Q4 2025+6.4%-6.6%+29.2%
Q3 2025+6.1%+4.6%-20.5%
Q1 2025-10.1%-13.6%+6.5%
Q4 2024+6.0%+14.4%-17.0%
Q3 2024-12.6%-6.8%-17.3%
Q2 2024-20.8%-29.0%-41.6%
Q1 2024-2.8%+13.1%+5.5%
Q4 2023-11.8%-21.8%-25.1%
Q3 2023+23.3%+63.5%+16.9%
Q2 2023+9.6%-5.8%-42.2%
Q1 2023-1.1%-3.5%-6.5%
Q4 2022+0.7%+2.6%-9.3%
Q3 2022-5.4%+18.5%+5.6%
Q2 2022-6.9%+16.2%-11.7%
Q1 2022-9.4%-4.0%-2.5%
Q4 2021-8.9%-13.5%-1.6%
Q3 2021+21.9%+36.0%-1.4%
Q2 2021-7.0%-13.9%-16.4%
Q1 2021+4.2%+14.6%+37.4%
Q4 2020+2.1%+5.4%+7.1%
Q3 2020-5.0%+38.6%+166.8%
Q2 2020-3.5%-10.7%-47.1%
Q1 2020-9.2%-8.7%+22.3%
Q4 2019-6.1%+4.3%+2.4%
Q3 2019+7.1%-2.9%+25.9%
Q2 2019-7.1%-3.5%-0.7%
Q1 2019+2.5%+0.4%-5.0%
Q4 2018-2.6%-3.2%-1.6%
Q3 2018+5.6%+4.7%-19.7%
Q2 2018-2.7%-7.7%-17.2%
Q1 2018-16.2%-17.0%+281.4%
Q4 2017-16.2%-17.0%+281.4%
Q3 2017-1.3%-8.3%-23.1%
Q2 2017-14.6%-20.8%-48.3%
Q1 2017-4.2%+0.0%-10.5%
Q4 2016-2.9%-5.9%+11.8%
Q3 2016-18.9%-28.2%-21.4%
Q2 2016-4.1%-5.9%-18.4%
Q1 2016-9.1%-20.9%+43.9%
Q4 2015-0.8%-10.3%+6.0%
Q3 2015+10.0%+11.8%+5.0%
Q2 2015+7.1%
Q1 2015+13.0%
Q4 2014-6.6%
Q3 2014+0.3%
Q2 2014+29.2%
Q1 2014-2.2%
Q4 2013-3.9%
Q3 2013+16.8%
Q2 2013-17.4%
Q1 2013+0.0%
Q4 2012+3.3%
Q3 2012+9.1%
Q2 2012+4.3%
Q1 2012-7.1%
Q4 2011-2.4%
Q3 2010+5.6%
Q3 2011+5.6%
Q2 2011+40.0%
Q1 2011+16.0%
Q4 2010-25.4%
Q2 2010-17.4%
Q1 2010+0.0%

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