Blink Charging Up on Google News, Revenues Increasing, What’s Next

Blink Charging Up on Google News, Revenues Increasing, What’s Next

Blink Charging Co. (NASDAQ: BLNK) provides electric vehicles (EV) charging equipment and networked EV charging services. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types.

Recent Events

October 16, 2018. Blink Charging announced it has teamed up with Google Maps to assist EV drivers in locating its charging stations. The company has enhanced its software to work seamlessly with Google Maps and makes it easier than ever to find Blink charging stations in the US.

August 30, 2018. Blink Charging announced the appointment of veteran executive leader James Christodoulou as President. Mr. Christodoulou brings to Blink more than 20 years of international CEO & CFO leadership experience, including companies listed on the NYSE and NASDAQ in multiple sectors: international maritime and logistics, energy exploration and production, software development, and internet-based communications technology.


Level 2 is typically 240V, single phase AC input, and is the most common type of charging for your electric car available in the United States. Level 2 charging is used for charging electric vehicles at home (single-family homes, condominiums, apartment buildings, etc.) or public locations (shopping centers, hotels, airports, parking garages, etc).

Blink charging, charging station (NASDAQ: BLNK)

DC Fast Charging (DCFC) is typically 480V, 3-Phase AC input and is used for charging electric vehicles in commercial locations, as it requires more electrical infrastructure.


Blink charging (NASDAQ: BLNK)




Blink Charging Co. owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types. It also provides Blink Network, a cloud-based software that operates, maintains, and tracks various Blink EV charging stations and associated charging data, as well as provides property owners, managers, and parking companies with cloud-based services that enable the remote monitoring and management of EV charging stations and payment processing. In addition, the company provides EV charging hardware, site recommendations, and maintenance services. It has strategic partnerships across transit/destination locations, including airports, auto dealers, healthcare/medicals, hotels, mixed-use, municipal locations, multifamily residential and condos, parks and recreation areas, parking lots, religious institutions, restaurants, retailers, schools and universities, stadiums, supermarkets, transportation hubs, and workplace locations. The company offers its services through field sales force and reseller partners. As of March 20, 2018, it had approximately 14,165 charging stations. The company was formerly known as Car Charging Group, Inc. and changed its name to Blink Charging Co. in August 2017. Blink Charging Co. is headquartered in Hollywood, Florida.


Financial review

Unaudited financial statements as of June 30, 2018 reflect $23,996,609 in cash and $19,048,451 of Stockholder Equity.

Net loss for the quarter ended June 30, 2018 was $1,232,785 as compared to a net loss of $4,416,167 for the quarter ended June 30, 2017; a 72% improvement.

Total revenue for the quarter ended June 30, 2018 increased 17% to $624,418 as compared to $532,974 for the quarter ended June 30, 2017.

Charging service revenue from company-owned charging stations for the quarter ended June 30, 2018 rose 23% to $301,350 as compared to $244,931 for the quarter ended June 30, 2017.

Revenue from product sales for the quarter ended June 30, 2018 grew by more than 150% to $142,839 as compared to $56,957 for the quarter ended June 30, 2017.

Blink Charging’s electric vehicle charging network exceeded 125,000 members during the quarter ended June 30, 2018.


Stock influences and risk factors

Continuing consumer interest in electric vehicles may act as a catalyst to the company shares.

They may need additional capital to fund growing operations and cannot assure they will be able to obtain sufficient capital on reasonable terms or at all.

If they are unable to keep up with advances in EV technology, they may suffer a decline in their competitive position.

They are in an intensely competitive industry and there can be no assurance that they will be able to compete with competitors who may have greater resources.


Stock chart

BLNK , Blink charging (NASDAQ: BLNK) chart

On Monday, October 22, 2018, BLNK shares were at $2.08 on traded volume of 291K shares. The current RSI (14) is 43.09

At $2.08, BLNK shares are trading below their 50 DMA and 200 DMA of $2.79 and $4.15 respectively.


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