Blink Charging Co. (BLNK) Income Statement Analysis

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Complete financial analysis of Blink Charging Co. (BLNK) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Blink Charging Co., a leading company in the Engineering & Construction industry within the Industrials sector.

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Blink Charging Co. (BLNK)

Industry: Engineering & Construction

Sector: Industrials

Website: https://www.blinkcharging.com

About Blink Charging Co.

Blink Charging Co., through its subsidiaries, owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services in the United States and internationally. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types. It also provides Blink Network, a cloud-based system that operates, maintains, and manages various Blink charging stations and associated charging data, back-end operations, and payment processing, as well as offers property owners, managers, parking companies, and state and municipal entities with cloud-based services that enable the remote monitoring and management of EV charging stations; and provides EV drivers with station information, including station location, availability, and applicable fees. In addition, the company provides EV charging hardware, software services, and service plans. It has strategic partnerships across transit/destination locations, including airports, auto dealers, healthcare/medicals, hotels, mixed-use, municipal locations, multifamily residential and condos, parks and recreation areas, parking lots, religious institutions, restaurants, retailers, schools and universities, stadiums, supermarkets, transportation hubs, and workplace locations. The company offers its services through direct sales force and resellers, as well as sells residential Level 2 chargers through various internet channels. As of March 10, 2022, it deployed approximately 30,000 charging ports. Blink Charging Co. was founded in 2009 and is headquartered in Miami Beach, Florida.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	140.60M	61.14M	20.94M	6.23M	2.76M	2.69M	2.50M	3.33M	3.96M	2.79M	466.40K	258.06K	62.29K	0.00	0.00	1.63K	0.00
Cost of Revenue	96.14M	46.34M	18.10M	4.71M	2.37M	1.78M	1.45M	2.81M	2.86M	5.63M	3.29M	199.09K	62.05K	260.18K	0.00	0.00	0.00
Gross Profit	44.46M	14.80M	2.84M	1.52M	392.41K	902.49K	1.05M	512.34K	1.10M	-2.84M	-2.82M	58.97K	242.00	-260.18K	0.00	1.63K	0.00
Gross Profit Ratio	31.62%	24.21%	13.57%	24.34%	14.22%	33.60%	41.82%	15.40%	27.69%	-101.83%	-604.69%	22.85%	0.39%	0.00%	0.00%	100.00%	0.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	35.17M	88.43M	48.91M	16.77M	8.67M	11.10M	7.26M	6.27M	10.75M	11.06M	15.50M	4.69M	3.66M	8.63M	338.79K	32.32K	20.88K
Selling & Marketing	92.67M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	127.84M	88.43M	48.91M	16.77M	8.67M	11.10M	7.26M	6.27M	10.75M	11.06M	15.50M	4.69M	3.66M	8.63M	338.79K	32.32K	20.88K
Other Expenses	116.31M	15.65M	9.61M	2.57M	2.20M	1.12M	22.91K	1.45M	1.89M	498.40K	1.06M	547.35K	430.57K	260.18K	0.00	0.00	0.00
Operating Expenses	244.14M	104.07M	58.51M	19.33M	10.86M	12.51M	8.17M	7.73M	12.42M	12.11M	16.57M	5.24M	4.09M	8.89M	338.79K	32.32K	20.88K
Cost & Expenses	340.29M	150.41M	76.61M	24.04M	13.23M	14.30M	9.62M	10.54M	15.28M	17.75M	19.85M	5.43M	4.15M	8.89M	338.79K	32.32K	20.88K
Interest Income	0.00	454.00K	9.00K	16.44K	73.16K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	3.55M	1.53M	0.00	442.00	73.16K	1.42M	3.23M	1.22M	146.04K	296.69K	247.44K	112.72K	54.89K	28.58K	7.64K	0.00	0.00
Depreciation & Amortization	14.57M	10.54M	4.09M	679.91K	417.06K	360.77K	412.59K	861.83K	935.36K	2.99M	2.69M	268.50K	133.37K	16.17K	6.61K	0.00	0.00
EBITDA	-93.12M	-79.72M	-52.94M	-17.17M	-10.06M	-1.64M	-71.72M	-5.62M	-7.16M	-19.94M	-21.20M	-4.91M	-951.82K	-5.66M	-6.79M	-30.69K	-20.88K
EBITDA Ratio	-66.23%	-130.27%	-258.63%	-272.25%	-343.45%	-377.15%	-267.45%	-190.95%	-214.51%	-444.15%	-3,727.60%	-1,902.01%	-6,350.13%	0.00%	0.00%	-1,883.01%	0.00%
Operating Income	-199.69M	-89.27M	-55.67M	-17.81M	-10.47M	-11.61M	-7.42M	-7.21M	-11.32M	-24.49M	-19.39M	-5.18M	-4.09M	-8.89M	-338.79K	-30.69K	-20.88K
Operating Income Ratio	-142.03%	-146.01%	-265.85%	-285.94%	-379.53%	-432.27%	-296.86%	-216.86%	-286.01%	-877.23%	-4,156.36%	-2,006.05%	-6,564.25%	0.00%	0.00%	-1,883.01%	0.00%
Total Other Income/Expenses	-2.51M	-1.98M	550.00K	-32.47K	823.44K	8.19M	-67.94M	-486.22K	3.07M	1.26M	-4.09M	-112.72K	2.95M	3.18M	-6.46M	0.00	0.00
Income Before Tax	-202.20M	-91.25M	-55.00M	-17.85M	-9.65M	-3.42M	-75.36M	-7.70M	-8.24M	-23.23M	-24.14M	-5.29M	-1.14M	-5.71M	-6.80M	-30.69K	-20.88K
Income Before Tax Ratio	-143.81%	-149.25%	-262.63%	-286.45%	-349.69%	-127.36%	-3,014.11%	-231.48%	-208.32%	-832.10%	-5,175.20%	-2,049.73%	-1,830.30%	0.00%	0.00%	-1,883.01%	0.00%
Income Tax Expense	1.49M	308.00K	-1.10M	156.69K	505.39K	9.61M	3.25M	1.22M	2.43M	263.79K	247.44K	9.28K	54.89K	28.58K	7.64K	0.00	0.00
Net Income	-203.69M	-91.56M	-53.89M	-18.00M	-10.15M	-3.42M	-75.36M	-7.70M	-8.63M	-22.70M	-24.14M	-5.29M	-1.14M	-5.71M	-6.80M	-30.69K	-20.88K
Net Income Ratio	-144.88%	-149.76%	-257.36%	-288.96%	-368.00%	-127.36%	-3,014.11%	-231.48%	-218.17%	-813.07%	-5,175.20%	-2,049.73%	-1,830.30%	0.00%	0.00%	-1,883.01%	0.00%
EPS	-3.21	-1.95	-1.29	-0.60	-0.39	-0.17	-24.56	-2.66	-5.46	-14.61	-21.96	-6.56	-2.39	-173.36	-241.54	-0.35	-0.26
EPS Diluted	-3.21	-1.95	-1.29	-0.60	-0.39	-0.17	-24.56	-2.66	-5.46	-14.61	-21.96	-6.56	-2.39	-173.36	-241.54	-0.35	-0.26
Weighted Avg Shares Out	63.47M	46.92M	41.91M	30.05M	26.24M	20.67M	3.07M	2.89M	1.58M	1.55M	1.10M	806.65K	477.97K	32.94K	28.16K	87.48K	80.74K
Weighted Avg Shares Out (Dil)	63.47M	46.92M	41.91M	30.05M	26.24M	20.67M	3.07M	2.89M	1.58M	1.55M	1.10M	806.65K	477.97K	32.94K	28.16K	87.48K	80.74K

Blink Charging to Host Third Quarter 2024 Conference Call on Thursday, November 7, 2024

October 25, 2024globenewswire.com

Bowie, MD, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading global manufacturer, owner, operator, and provider of electric vehicle (EV) charging equipment and services, will announce its third quarter results on...

Blink Charging Deploys Advanced AI Modeling with Stable Auto to Increase Site Utilization and Efficiency

October 15, 2024globenewswire.com

Blink's enhanced “Right Charger, Right Place, Right Time” strategy now aligns with “Right Price.” Blink will use Stable Auto's AI powered platform to improve the performance and attractiveness of its network . This innovative collaboration helps ensure that Blink and...

Blink Charging: Correction Provides A Good Entry Opportunity

October 15, 2024seekingalpha.com

Initiating coverage on Blink Charging with a “Buy” rating, citing attractive valuation post-correction and a promising 24-month investment horizon. Higher EV adoption hinges on ramping up charging infrastructure; Blink's presence in the U.S. and Europe positions it well for growth....

Blink Charging Steps in To Support Isolated Enel X Customers

October 14, 2024globenewswire.com

Blink Charging is stepping in to support former Enel X and JuiceBox customers with cost-effective solutions and immediate upgrades, ensuring uninterrupted access to reliable EV charging equipment and services.

Envoy Technologies Inc. Launches Turnkey, On-Demand Luxury Lucid EV Sharing as an Amenity

October 3, 2024globenewswire.com

New Lucid Air Tourings Now Available for Car Share Opportunities Los Angeles, CA, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Envoy Technologies Inc. (“Envoy”), a Blink Charging Co. entity and leading provider of electric vehicle car-sharing services and community-based electric vehicles...