NASDAQ$BLNK

Blink Charging Co · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Blink Charging announced record fourth quarter and full year revenue, driven by strong product sales and service revenues.

Blink Charging Co. reported a significant increase in revenue for Q4 2021, reaching $7.9 million, a 224% increase compared to Q4 2020. This growth was primarily driven by increased product sales and service revenues. However, the company experienced a net loss of $19.0 million, or $0.45 per share, compared to a net loss of $7.9 million, or $0.24 per share in Q4 2020.

  • Total revenue increased by 224% to $7.9 million compared to Q4 2020.
  • Product sales rose by 214% to $5.7 million, driven by increased sales of commercial chargers, DC fast chargers, and residential chargers.
  • Service revenues increased by 271% to $1.8 million, driven by greater utilization of chargers and an increased number of chargers on the Blink network.
  • Net loss for the quarter was $19.0 million, or $0.45 per share.

Headline financials

Total Revenue

$7.95M

Previous: $2.45M+224.1%
EPS (adj)

-$0.45

Previous: -$0.24-87.5%
Capital Expenditures

$1.53M

Previous: $1.87M-18.3%
Free Cash Flow

-$12.1M

Previous: -$9.78M-24.2%
Net Income

-$19M

Previous: -$7.94M-139.2%
Operating Income

-$19.1M

Previous: -$7.86M-143.1%
Gross Profit

$1.38M

Previous: $427K+222.9%
Cash & Equivalents

$175M

Previous: $22.3M+682.4%
Total Assets

$232M

Previous: $34M+582.3%

Revenue & EPS history

Blink Charging · Revenue · Quarterly

$7.95M

Q4 2021+224.1%vs Q4 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Blink Charging · $7.9M total across 3 segments · Q4 2021

  • Product Sales
    $5.7M
  • Service Revenues
    $1.8M
  • Other Revenues
    $400K

Forward guidance

Blink is excited about the opportunities to bring their industry-leading charging technology to a broader audience in the U.S. and internationally in 2022. They look forward to growing their leadership role in the development of robust and consistent EV charging infrastructure.

Tailwinds

  • Bringing industry-leading charging technology to a broader audience.
  • Expanding both in the U.S. and internationally.
  • Growing leadership role in EV charging infrastructure.
  • More than a decade of proven success in the EV charging industry.
  • Capitalizing on the growing market demand for EV charging as the transition to EVs progresses.

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 Q4 2021

Historical avgQ4 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%

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