NASDAQ$BLNK

Blink Charging Co · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Blink Charging announced record revenues with exponential year-over-year growth driven by increased product sales and service revenues.

Blink Charging Co. reported a significant increase in revenue for Q1 2022, driven by increased product sales and service revenues. Total revenues increased by 339% compared to the same period in 2021. However, the company's net loss also increased.

  • Total revenues increased 339% to $9.8 million compared to Q1 2021.
  • Product sales increased 382% to $8.1 million driven by increased sales of commercial chargers, DC fast chargers and residential chargers.
  • Service revenues increased 346% to $1.5 million driven by greater utilization of chargers and an increased number of chargers on the Blink network.
  • Net loss for the quarter was $15.1 million, or $(0.36) per share.

Headline financials

Total Revenue

$9.73M

Previous: $2.23M+335.7%
EPS (adj)

-$0.36

Previous: -$0.18-100.0%
Total Revenue Growth

339.0%

No prior period
Capital Expenditures

-$1.37M

Previous: -$4.02M+66.0%
Free Cash Flow

-$16.5M

Previous: -$11.4M-45.0%
Net Income

-$15.1M

Previous: -$7.36M-105.6%
Operating Income

-$15M

Previous: -$7.39M-103.6%
Gross Profit

$1.59M

Previous: $96.4K+1545.6%
Cash & Equivalents

$162M

Previous: $196M-17.2%
Total Assets

$221M

Previous: $252M-12.2%

Revenue & EPS history

Blink Charging · Revenue · Quarterly

$9.73M

Q1 2022+335.7%vs Q1 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Blink Charging · $9.8M total across 3 segments · Q1 2022

  • Product Sales
    $8.1M
  • Service Revenues
    $1.5M
  • Other Revenues
    $200K

Forward guidance

Blink is increasingly well positioned to capitalize on industry growth as we move through the balance of the year, and we’re excited about the opportunities we’re seeing both in the United States and abroad as individuals, municipalities, and government entities prepare for the broader transition to EV use.

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 2022

Historical avgQ1 2022

-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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro