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08 August

Blink Charging Non-GAAP EPS of -$0.44 misses by $0.03, revenue of $32.8M beats by $9.08M

Revenue of $32.8M (+185.5% Y/Y) beats by $9.08M.

211% increase in service revenues to $7.0 million in second quarter of 2023 compared to $2.2 million in second quarter of 2022.

253% increase in network fees to $1.7 million in second quarter of 2023 compared to $0.5 million in second quarter of 2022.

5,830 charging stations contracted, deployed or sold in second quarter of 2023.

Guidance: Blink is increasing its 2023 revenue target to $110 - $120 million from $100 - $110 million vs $105.5M consensus.

The Company reiterates its previously stated annual gross margin target of 30%+.

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