Needham Reiterates Buy Rating on Blink Charging Co. (BLNK)
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BLINK CHARGING ANNOUNCES RECORD FOURTH QUARTER WITH 89% REVENUE GROWTH TO $42.7 MILLION AND 130% INCREASE IN FULL YEAR 2023 REVENUES TO $140.6 MILLION
March 14, 2024 4:02 PM EDT89% increase in 4Q23 revenues to $42.7 million; 130% increase in full year 2023 revenues to $140.6 million112% increase in 4Q23 product revenues to $33.4 million; 138% increase in full year product revenues to $109.4 million40% increase in 4Q23 service revenues to $7.9 million; 111% increase in full year service revenues to $26.4 million4Q23 gross profit of $10.6 million or 25% of revenues; record full year 2023 gross profit of $40.2... More
