Blink Charging Co (OQ:BLNK)

Sector:  Utilities Industry:  Electric Utilities
See Regulatory Filings on SEC
Company Contact
Address: 407 Lincoln Rd Ste 704
MIAMI BEACH FL 33139-3024
Tel: N/A
IR: See website
Key People
Brendan Sean Jones
President, Chief Executive Officer, Director
Michael P. Rama
Chief Financial Officer
Michael C. Battaglia
Chief Operating Officer
Aviv Hillo
Executive Vice President - Mergers and Acquisitions, General Counsel, Director
Harjinder Bhade
Chief Technology Officer
Business Overview
Blink Charging Co. is a manufacturer, owner, operator, and provider of electric vehicle (EV) charging equipment and services. The Company offers residential and commercial EV charging equipment and services. Its principal line of products and services is its Blink EV charging networks (the Blink Networks) and Blink EV charging equipment, also known as electric vehicle supply equipment, and other EV-related services. The Blink Networks are a proprietary, cloud-based system that operates, maintains, and manages Blink charging stations and handles the associated charging data, back-end operations and payment processing. The Blink Networks also provide EV drivers with station information. The Company offers a range of Level 2 (AC) EV charging equipment, ideal for commercial and residential use, with the North American standard J1772 connector, the North American Charging Standard connector, and the Type 2 connector compatible with electric vehicles in Europe and across Latin America.
Financial Overview
For the three months ended 31 March 2024, Blink Charging Co revenues increased 73% to $37.6M. Net loss decreased 42% to $17.2M. Revenues reflect United States segment increase from $13.2M to $28M, International segment increase of 13% to $9.6M. Lower net loss reflects Compensation decrease of 34% to $15M (expense), Dividend and interest income increase from $50K to $763K (income).
Employees: 684 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $264.57M as of Mar 31, 2024
Annual revenue (TTM): $156.50M as of Mar 31, 2024
EBITDA (TTM): -$79.45M as of Mar 31, 2024
Net annual income (TTM): -$191.07M as of Mar 31, 2024
Free cash flow (TTM): -$104.06M as of Mar 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 101,059,734 as of May 20, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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