- EV Charging hardware sales grew nearly 11x from $47,636 to $565,057
- EV Charging Service fees grew nearly 4x from $307,663 to $1.49M
- Grant/rebate revenue recognized grew nearly 10x from $90,796 to $950,358
- Annual kilowatt-hour charging output grew nearly 4x from 281,107 to 1.46M
*The Company’s audited financial results appear in the Company’s Annual Report on Form 10-K, which was filed with the SEC on Tuesday, December 8, 2015.
Michael D. Farkas, CarCharging’s Chief Visionary Officer stated:
“2014 was a transitional year for CarCharging as we integrated the four EV charging providers that were acquired in 2013. In 2014, CarCharging converted contracts with large retailers, parking management firms, and property owners from ECOtality to CarCharging, resumed sales of Blink HQ, a residential EV charging station, adjusted EV charging fee pricing policies; and introduced various Blink Network enhancements, including kilowatt-hour (kWh) pricing and remote start functionality from the Blink mobile app. CarCharging also began participating in Nissan’s No Charge to Charge program, which provided an additional stream of revenue for the company.”