NASDAQ$BLNK

Blink Charging Co · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Blink Charging announced record fourth quarter and year end results, driven by organic growth and strategic acquisitions.

Blink Charging reported a 184% increase in revenue to $22.6 million for Q4 2022, driven by increased product sales and service revenues. Gross profit increased by 370% to $6.5 million. The company is targeting revenues between $100 million and $110 million for the full year 2023.

  • Total revenue increased 184% to $22.6 million.
  • Product sales increased 176% to $15.8 million.
  • Service revenues increased 213% to $5.7 million.
  • Gross profit increased 370% to $6.5 million, representing 29% of revenue.

Headline financials

Total Revenue

$22.6M

Previous: $7.95M+184.4%
EPS (adj)

-$0.41

Previous: -$0.45+8.9%
Capital Expenditures

$3.02M

Previous: $1.53M+98.0%
Free Cash Flow

-$27.6M

Previous: -$12.1M-127.4%
Net Income

-$28.1M

Previous: -$19M-47.9%
Operating Income

-$28.1M

Previous: -$19.1M-47.0%
Gross Profit

$6.5M

Previous: $1.38M+371.4%
Cash & Equivalents

$36.6M

Previous: $175M-79.1%
Total Assets

$363M

Previous: $232M+56.3%

Revenue & EPS history

Blink Charging · Revenue · Quarterly

$22.6M

Q4 2022+184.4%vs Q4 2021
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Blink Charging · $23.8M total across 3 segments · Q4 2022

  • Product Sales
    $15.8M+177.2%
  • Service Revenues
    $5.7M+216.7%
  • Network Fees
    $2.3M

Forward guidance

The company is targeting revenues in the range of $100 million to $110 million and targeting gross profit 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 18 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

-0.6%

Avg return

Earnings day

-1.1%

Avg return

5 days after

+11.7%

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
Q4 2025+6.4%-8.1%
Q1 2026+12.1%-2.3%-20.7%
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%
Q4 2017-16.2%-17.0%+281.4%
Q1 2018-16.2%-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 2011+5.6%
Q3 2010+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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