Blink Charging Q3 revenue up 169% to $17.2M but net loss widens to $25.6M

Blink Charging Co.

2022-Q3 EPS reported -$1.39 revenue$38,533,000

Total revenues of $17.2M (+169% YoY); product sales up 177% to $13.4M.
Gross profit $4.8M (28% of revenue), up 436% from $0.9M in Q3 2021.
Net loss $25.6M ($(0.51)/share) vs $15.3M ($(0.36)/share) a year ago.
Adjusted EBITDA loss of $17.6M vs $8.4M loss in prior year period.
7,834 charging stations contracted/deployed/sold in Q3 (+160%) and cash $57.0M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Blink Charging Co. reported third quarter ended September 30, 2022 results: revenue $17.2 million, net income $25.6 million, EPS $(0.51) per share.

Period: third quarter ended September 30, 2022
Revenue: $17.2 million
Net income: $25.6 million
EPS: $(0.51) per share
Result: reported results

Exact text from the filing

ANNOUNCES RECORD THIRD QUARTER 2022 RESULTS Organic growth in hardware and network services and acquisitions drive third quarter results ● 169% increase in total revenues to $17.2 million in Q3 2022 compared to $6.4 million in Q3 2021 ● 123% increase in service revenues (1) to $3.1 million in Q3 2022 compared to $1.4 million in Q3 2021 ● 436% increase in gross

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Source: SEC EDGAR

accession 0001493152-22-030941

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