Financial PerformanceBlink announced its 1Q24 results with revenues of $37.6M compared to $21.7M in 1Q23, a 73% YoY increase.
Market PositionBlink has now contracted, sold, or deployed 94,476 chargers worldwide since inception, up from 72,941 a year ago.
Operational EfficiencyBlink’s refreshed organizational structure and implemented operational plan is clearly gaining traction within the enterprise, noting 1Q24 gross margin of approximately 35.7% had improved nearly 15 percentage points relative to 1Q23.