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 & Acquisitions, General Counsel
Jenifer Yokley
Senior Vice President - Global Marketing
Harjinder Bhade
Chief Technology Officer
Jim Nemec
Chief Revenue Officer
Business Overview
Blink Charging Co. is a manufacturer, owner, operator, and provider of electric vehicle (EV) charging equipment and networked EV charging services in the United States and international markets for EVs. The Company offers residential and commercial EV charging equipment and services, enabling EV drivers to recharge at various location types. The Company's principal line of products and services includes the Blink EV charging network (Blink Network), EV charging equipment, EV charging services, SemaConnect, Blue Corner and BlueLA. The Blink Network uses cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. The Blink Networks provide property owners, managers, parking companies, and state and municipal entities, among other types of commercial customers, with cloud-based services that enable the remote monitoring and management of EV charging stations. The Blink Networks also provide EV drivers.
Financial Overview
For the nine months ended 30 September 2023, Blink Charging Co revenues increased from $38.5M to $97.9M. Net loss increased from $63.4M to $184M. Revenues reflect Product sales increase from $30.2M to $76M, Revenue Sales of Goods & Services increase from $3.9M to $11.1M, Network fees increase from $2.1M to $5.3M. Higher net loss reflects Compensation increase from $37.6M to $76M (expense).
Employees: 564 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $157.51M as of Sep 30, 2023
Annual revenue (TTM): $120.49M as of Sep 30, 2023
EBITDA (TTM): -$101.07M as of Sep 30, 2023
Net annual income (TTM): -$212.15M as of Sep 30, 2023
Free cash flow (TTM): -$112.56M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 67,407,973 as of Nov 9, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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