NASDAQ$BLNK
Blink Charging Co · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Blink Charging reported strong results with a significant increase in revenue and gross profit, but also experienced a larger net loss compared to the previous year.
Blink Charging announced a 121% increase in total revenue, reaching $21.7 million for the first quarter of 2023. Gross profit also increased significantly, up 186% to $4.5 million. However, the company's net loss widened to $29.8 million, or $(0.53) per share.
- Total revenue increased by 121% to $21.7 million compared to Q1 2022.
- Product sales increased by 104% to $16.4 million, driven by increased sales of commercial, DC fast, and residential chargers.
- Service revenues increased by 216% to $4.8 million, driven by greater charger utilization and an increased number of chargers on the Blink networks.
- Gross profit increased by 186% to $4.5 million, representing 21.0% of revenue.
Headline financials
Revenue & EPS history
Blink Charging · Revenue · Quarterly
$21.7M
Revenue by segment
Blink Charging · $21.7M total across 3 segments · Q1 2023
- Product Sales$16.4M+102.5%75.5%
- Service Revenues$4.8M+220.0%22.1%
- Other Revenues$514K+157.0%2.4%
Forward guidance
Blink Charging continues to target revenues in the range of $100 million to $110 million and gross margin in excess of 30% for full year 2023.
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 2023
-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
| Quarter | Report date | Reaction (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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