Blink Charging Non-GAAP EPS of -$0.41 misses by $0.03, revenue of $11.49M beats by $1.78M

Aug. 08, 2022 4:04 PM ETBlink Charging Co. (BLNK)By: Niloofer Shaikh, SA News Editor
  • Blink Charging press release (NASDAQ:BLNK): Q2 Non-GAAP EPS of -$0.41 misses by $0.03.
  • Revenue of $11.49M (+163.5% Y/Y) beats by $1.78M.
  • 154% increase in service revenues to $2.2M.
  • 5,631 charging stations contracted, deployed or sold in Q2 2022; increase of 73% over Q2 2021.
  • “We continue to see success with municipal and government contracts, as well as with state and federal programs awarding grant funds for the promotion of a nationwide EV infrastructure,” says Brendan Jones, President of Blink Charging. “In the second quarter, we entered into a cooperative purchasing agreement with the Illinois Region 1 Planning Council to expand electric vehicle charging options in public spaces throughout northern Illinois, and we were selected as a purchasing program vendor by the Florida Sherriff’s Association to provide EV charging stations. Moreover, we received $2 million in grants from state and federal programs looking to further EV adoption.”

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