Blink Charging Q1 revenue up 73% to $37.6M, gross margin 36% vs 21%; maintains FY revenue $165-175M

Blink Charging Co.

2024-Q1 EPS reported -$0.17 revenue$37,568,000

Total revenue $37.6M (+73% YoY); product revenue $27.5M (+68%), service revenue $8.2M (+72%).
Gross profit $13.4M (+195%); gross margin expanded to 36% from 21%.
4,555 charging stations contracted, deployed, or sold in Q1 2024.
Maintains FY2024 revenue target of $165-175M and positive adjusted EBITDA run rate by Dec 2024.
Notes lower bookings in April but expects opportunities from competitors exiting the charging space.

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 the first quarter ended March 31, 2024 results: revenue $37.6 million. Guidance reaffirmed.

Period: the first quarter ended March 31, 2024
Revenue: $37.6 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

expressly set forth by specific reference in such filing. --- EX-99.1 () --- EX-99.1 2 ex99-1.htm Exhibit 99.1 BLINK CHARGING ANNOUNCES FIRST QUARTER REVENUE GROWTH OF 73% TO $37.6 MILLION AND GROSS MARGIN OF 36% ● First quarter 2024 total revenues increased 73% to $37.6 million compared to $21.7 million in first quarter of 2023 ● 68% increase in product revenues

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Source: SEC EDGAR

accession 0001493152-24-018433

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