Blink Charging (NASDAQ: BLNK) reported first quarter 2018 results:

• Total assets increased 335.4% from $2.7 million to $11.7 million
• Net income increased from a loss of $3.1 million to income of $2.2 million
• Liabilities decreased 76.7% from $38.8 million to $9 million
• Charging service revenues increased 14.1% from $267,874 to $305,747
• Network fee revenues increased 16.3% from $49,238 to $57,251

“2018 is already turning out to be a transformative year for Blink Charging Co. as we have launched into a new stage of growth following our $18.5 million public offering on Nasdaq in February,” said Michael D. Farkas, founder and executive chairman of Blink Charging Co. “Our financials are showing the result of coordinated and strategic deployment of charging stations and an increased revenue from our charging service. We are focused on the nationwide growth of charging stations at commercial and residential properties so that we will be present and accessible as millions of EV drivers begin pouring into cities across the country. We believe investment in technology will further drive property owners to adopt our various business model offerings so that they can take part in what is the beginning of a mass market EV adoption by the public.”

For earnings history and earnings-related data on Blink Charging (BLNK) click here.