NASDAQ$BLNK

Blink Charging Co · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported strong quarterly earnings despite business shutdowns during the third quarter due to the ongoing global pandemic.

Blink Charging announced its Q3 2020 financial results, demonstrating growth through increased revenue driven by significant increases in product sales, despite challenges with logistics, shipping delays, and a decrease in driving patterns impacting utilization due to the ongoing pandemic. The company sold, deployed, or acquired 668 EV charging stations across 25 states, including upgrades of first-generation equipment with state-of-the-art IQ 200 chargers.

  • The company experienced continued growth demonstrated by increased revenue driven by significant increases in product sales.
  • 668 EV charging stations were sold, deployed, or acquired across 25 states.
  • 89 deployments were upgrades to replace first-generation equipment with IQ 200 chargers, 88 of which are Blink-owned.
  • Blink Charging acquired BlueLA Carsharing, doubling the number of Blink stations in Los Angeles.

Headline financials

Total Revenue

$905K

Previous: $764K+18.4%
EPS (adj)

-$0.12

Previous: -$0.10-20.0%
Capital Expenditures

-$681K

Previous: -$177K-283.7%
Free Cash Flow

-$4.6M

Previous: -$2.8M-64.1%
Net Income

-$3.91M

Previous: -$2.62M-49.2%
Operating Income

-$3.91M

Previous: -$2.79M-40.3%
Gross Profit

$367K

Previous: $121K+202.4%
Cash & Equivalents

$14.9M

Previous: $7.99M+86.1%
Total Assets

$23.4M

Previous: $14.9M+57.7%

Revenue & EPS history

Blink Charging · Revenue · Quarterly

$905K

Q3 2020+18.4%vs Q3 2019
Beat estimate in 7 of 11 quarters(64%)
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 believes it is well positioned to grow its global position as a leading provider of charging stations as worldwide demand continues to increase for effective and convenient EV infrastructure.

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 Q3 2020

Historical avgQ3 2020

-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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