Blink Q3 revenue $43.4M (+152% YoY); raises 2023 guidance to $128-$133M

Blink Charging Co.

2023-Q3 EPS reported -$3.02 revenue$97,887,000

Total revenue $43.4M (+152%); gross profit $12.8M (29.5% margin) compared to $4.8M (27.7%) a year ago.
Net loss $112.7M ($1.74/share) includes $94.2M non-cash goodwill impairment; adjusted EBITDA loss improved to $11.7M.
Product sales $35.1M (+162%); service revenues $6.7M (+119%).
2023 revenue target raised to $128-$133M from $110-$120M; targets positive adjusted EBITDA run rate by Dec 2024.
5,956 charging stations contracted, deployed or sold in Q3.

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 0.98

Blink Charging Co. reported the third quarter ended September 30, 2023 results: revenue $43.4 million, EPS $(1.74) per share. Guidance raised.

Period: the third quarter ended September 30, 2023
Revenue: $43.4 million
EPS: $(1.74) per share
Guidance: raised
Result: reported results

Exact text from the filing

set forth by specific reference in such filing. --- EX-99.1 () --- EX-99.1 2 ex99-1.htm Exhibit 99.1 BLINK CHARGING ANNOUNCES RECORD THIRD QUARTER WITH 152% REVENUE GROWTH TO $43.4 MILLION AND 167% INCREASE IN GROSS PROFIT ● Company raises 2023 revenue target to $128 - $133 million and targets adjusted EBITDA break even run rate by December 2024 ● Third quarter

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Source: SEC EDGAR

accession 0001493152-23-040204

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