Good afternoon, and welcome to Blink Charging's second quarter 2022 earnings conference call. On the call today, we have Michael Farkas, chairman and chief executive officer; Brendan Jones, president; and Michael Rama, chief financial officer.
Blink Charging (BLNK) delivered earnings and revenue surprises of -13.89% and 30.64%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Organic growth in hardware and network services and acquisitions drive second quarter results 164% increase in total revenues to $11.5 million in Q2 2022 compared to $4.4 million in Q2 2021154% increase in service revenues(1) to $2.2 million in Q2 2022 compared to $0.9 million in Q2 20215,631 charging stations contracted, deployed or sold in Q2 2022; increase of 73% over Q2 2021Acquired SemaConnect creating complete vertical integration of supply chain, engineering and U.S. based, in-house manuf