Blink Charging Q4 2022 rev $22.6M (+184% YoY); guides FY23 rev $100-110M

Blink Charging Co.

2022-FY EPS reported -$1.95 revenue$61,139,000

Total revenues $22.6M in Q4 2022, up 184% YoY; full year 2022 $61.1M, up 192%.
Gross profit margin improved to 29% in Q4 vs 17% in Q4 2021; FY2023 gross margin target >30%.
Net loss $28.1M ($0.55 EPS) vs $19.0M loss in Q4 2021; adjusted EBITDA loss $14.8M.
After quarter end, completed public offering raising $100M gross proceeds.
FY2023 revenue guidance $100-110M, driven by organic growth and acquisitions.

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 financial results for the fourth quarter and year ended December 31, 2022.

Period: the fourth quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

Blink Charging Co. (Nasdaq: BLNK, BLNKW) (the “Company”), a leading owner and operator of electric vehicle (EV) charging equipment and services, today announced its financial results for the fourth quarter and year ended December 31, 2022.

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Source: SEC EDGAR

accession 0001493152-23-006297

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