Blink Charging reports record Q4 revenue of $42.7M, up 89% YoY; FY2023 revenue $140.6M

Blink Charging Co.

Q4 2023 revenue $42.7M (+89% vs $22.6M); full-year revenue $140.6M (+130% vs $61.1M).
Product revenue Q4 $33.4M (+112% YoY); service revenue $7.9M (+40% YoY).
Gross profit Q4 $10.6M (25% of revenue); full-year gross profit $40.2M (29% of revenue).
Raised $113M gross via ATM; paid off $45.5M in promissory notes and accrued interest.
2024 revenue target $165-175M; reiterates positive adjusted EBITDA run-rate by Dec 2024.

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. updated its the fourth quarter and year ended December 31, 2023 guidance (reaffirmed).

Period: the fourth quarter and year ended December 31, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Blink Charging Co. (Nasdaq: BLNK) (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, 2023.

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Source: SEC EDGAR

accession 0001493152-24-009969

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