Blink Charging Co. (NASDAQ: BLNK) Q2 2021 Earnings Highlights
Michael Farkas, CEO
“….This was a very exciting quarter for Blink as we made considerable progress with our owner operator strategy, we expanded internationally. We added some of the best in the industry to our team and continue to position ourselves as a leader and innovator in the EV industry. Second quarter revenue grew 177% compared to the second quarter of 2020 as we continue to aggressively expand our geographic footprint.
During the quarter, we made tremendous progress with 3,264 commercial and residential chargers contracted, sold, or deployed and the number of commercial Blink owned charging stations contracted or deployed, grew more than 46% compared to the same period in 2020. Location is the key for our chargers as more individual drivers in the fleets, transitioned to greener transportation, and we prepare the charging infrastructure that will be necessary as utilization increases. We continue to make solid progress during the quarter of securing locations in high density, high volume venues like hotels, multi-family residential, mixed use facilities and healthcare networks.
We believe our industry is poised for exponential growth and we are aggressively scaling our business, not just here in the United States, but around the world to ensure that we are in the best position to capitalize on the long-term opportunities associated with the global progression to EVUs. As the world transitions to driving EVUs, Blink can prepare the way by providing our chargers as a key component to what will be a much in-demand infrastructure, the national infrastructure charging stations around the world. With a future in mind, we’ve enlisted and we’ll continue to pursue the best talent available in the EV charging industry to help evaluate our technology and our market presence. During the quarter, we announced the addition of Harjinder Bhade as our new Chief Technology Officer, Mr. Bhade is an industry veteran and an exceptional leader with extensive knowledge of the EV charging space and he was a founder of charge points….”