2023-05-09 16:03:33 ET
- Blink Charging ( NASDAQ: BLNK ): Q1 Non-GAAP EPS of -$0.49 misses by $0.03 .
- Revenue of $21.7M (+121.4% Y/Y) misses by $0.35M .
- Service revenues, which consist of charging service revenues, network fees, and ride-sharing service revenues, increased 216% to $4.8M in Q1.
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- Adj. EBITDA for Q1 2023 was -$17.8M compared to an adj. EBITDA of -$12.4M in the prior year period.
- As of March 31, 2023, cash and cash equivalents totaled $103.2M.
- “With our visibility today, for full year 2023, we continue to target revenues in the range of $100 million to $110 million ( consensus of $103.93M) and gross margin in excess of 30%." - BLNK CEO Brendan Jones.
- Press release
For further details see:
Blink Charging Q1 results miss estimates, co reaffirms FY 2023 revenue guidance