Charge Enterprises, Inc.

OTCPK:CRGE.Q Voorraadrapport

Marktkapitalisatie: US$1.5m

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Charge Enterprises Beheer

Beheer criteriumcontroles 4/4

Momenteel beschikken wij niet over voldoende informatie over de CEO.

Belangrijke informatie

Craig Denson

Algemeen directeur

US$850.0k

Totale compensatie

Percentage CEO-salaris35.29%
Dienstverband CEO3.6yrs
Eigendom CEOn/a
Management gemiddelde ambtstermijn2.5yrs
Gemiddelde ambtstermijn bestuur3.2yrs

Recente managementupdates

Recent updates

Analyseartikel • Nov 13

Analyst Forecasts Just Became More Bearish On Charge Enterprises, Inc. (NASDAQ:CRGE)

Today is shaping up negative for Charge Enterprises, Inc. ( NASDAQ:CRGE ) shareholders, with the analysts delivering a...
Analyseartikel • Nov 11

Analysts Have Been Trimming Their Charge Enterprises, Inc. (NASDAQ:CRGE) Price Target After Its Latest Report

As you might know, Charge Enterprises, Inc. ( NASDAQ:CRGE ) recently reported its third-quarter numbers. Revenues of...
Analyseartikel • Jan 31

Health Check: How Prudently Does Charge Enterprises (NASDAQ:CRGE) Use Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Seeking Alpha • Oct 04

Charge Enterprises: Rising Revenues But No Economies Of Scale

Summary The company’s Q2 2022 revenues rose by 11.1% quarter on quarter but the majority of the increase came from the telecommunications segment. The provision of voice and data termination services is a very low margin business and it seems there are no economies of scale. Charge Enterprises is losing over $12 million per quarter, and it seems that significant stock dilution in the near future is inevitable. In addition, retail investor interest is fading. However, short interest is over 9% of the float and it takes almost 11 days to cover, so I think risk-averse investors should avoid this stock. Introduction In April 2022, I wrote a bearish article on SA about telecommunications and electric vehicle (EV) infrastructure company Charge Enterprises (CRGE), in which I said that it looked overvalued as it had low profit margins and was far from achieving a positive net income. In Q2 2022, Charge Enterprises booked an 11.1% quarter on quarter increase in revenues but the loss from operations shrank by less than 3% as it seems there are no economies of scale in its telecommunications business. With the company losing over $12 million per quarter, it seems that significant stock dilution in the near future is inevitable. In addition, the terms on the new Series D preferred shares look bad. Let’s review. Overview of the Q2 2022 financial results In case you haven’t read my previous article about Charge Enterprises, here’s a short description of the business. The company was founded in January 2019 and between October 2020 and January 2022 it acquired a total of five firms involved in connected calls, mobile charging, EV charging and micro mobility infrastructure, namely GetCharged, PTGi, ANS Advanced Network Services, BW Electrical Services, and EVDepot. The business of Charge Enterprises is currently split into two segments – telecommunications and infrastructure. Charge Enterprises The recent acquisitions have been focused on the infrastructure segment and the vast majority of the latest corporate presentation of Charge Enterprises revolves around end-to-end solutions for intelligent EV charging and 5G wireless networks. However, most of the revenues are still coming from the telecommunications business. Looking at the Q2 2022 financial results, PTGi accounted for 86% of revenues and is growing rapidly. The revenues of this subsidiary grew by 8.5% quarter on quarter and 23.5% year on year. The issue here is that the provision of voice and data termination services is a very low margin business, and it shouldn’t be hard to gain market share considering few companies would want to compete here. Unfortunately for Charge Enterprises investors, it seems that there are no economies of scale as the income from operations of the PTGi is shrinking. Charge Enterprises Turning our attention to the infrastructure segment, at first glance it seems that revenues are growing fast, especially compared to Q2 2021. The income from operations is also much higher than that of the telecommunications segment. However, we aren’t comparing apples to apples here. You see, EV Group was bought on January 14, 2022, and Charge Enterprises doesn’t provide pro-forma financial information. As a result, we don’t know for certain whether the results of the infrastructure segment are improving or not. Even if they were, I think it matters little at this point as the loss from operations of Charge Enterprises is above $12 million per quarter as the company seems unable to shrink its G&A expenses. I think there could be significant stock dilution coming in the next few months. The company had $46.5 million in cash as of June 2022 and its working capital was negative at the end of the quarter. In addition, shareholders’ equity was down to $7.2 million. Charge Enterprises What’s even worse is that Charge Enterprises created a new class of preferred stock in June when it decided to pay off its $12.5 million convertible debt. The 1,177,023 Series D preferred shares have a liquidation preference equal to $10.62 per share and there is a 2.25% annual dividend based on that liquidation price. In addition, they can be converted into common stock at just $0.4248 per share. Overall, I think the business of Charge Enterprises is close to worthless in its current state and that the margins of the telecommunications business are unlikely to improve. Turning our attention to the market valuation of the company, the share price has declined by over 60% since my first article came out but I think there is more to go as retail investor interest seems to be fading. Back in May, I said that the company was attracting a lot of attention on websites like StockTwits and Twitter and that it was being mentioned in tweets leading to two significant stock trading rooms on Discord, namely Eagle Investors, and Bull Trades. Today, there are few posts about Charge Enterprise on StockTwits and Twitter and many of them are bearish. In addition, the daily trading volume has decreased significantly. Seeking Alpha So, how do you play this one? Well, data from Fintel shows that the short borrow fee rate stands at 11.25% as of the time of writing which isn’t too bad, but it takes almost 11 days to cover. With short interest at 9.09% of the float, I think there is a high risk of a short squeeze here. Unfortunately, call options are currently expensive so hedging against risks is a tough task. Seeking Alpha In my view, it’s a viable idea to open a small short position but it could be best for risk-averse investors to avoid Charge Enterprises.
Seeking Alpha • Sep 19

Charge Enterprises gains on being selected by City Parking for electric vehicle charging infrastructure buildouts throughout the New York city area

Charge Enterprises (NASDAQ:CRGE) signs of a master service agreement for the strategy, planning and implementation of EV charging infrastructure with City Parking. City Parking is New York City's largest privately owned parking management provider, with 135 owned and operated locations in the New York City Area. The company has been exclusively selected by City Parking to provide custom EV charging infrastructure solutions for their owned locations and is providing seamless solutioning that supports the transition to global sustainable mobility with equitable, safe, reliable, and scalable charging ecosystems. "City Parking is clearly a forward-thinking company that understands the shift to EVs and the need to address the much-needed infrastructure. I think many real estate owners and operators are discovering that they need to have a strategy and plan to support consumers in this tremendous transition. We are honored to have been selected as their partner in this initiative to embrace the transformation to EVs," said Andrew Fox, Founder, Chairman & CEO, Charge Enterprises. Shares are trading up 8% premarket.
Analyseartikel • Sep 09

Does Charge Enterprises (NASDAQ:CRGE) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Seeking Alpha • Aug 17

Charge Enterprises selected by Connected Kerb for pilot project

Charge Enterprises (NASDAQ:CRGE) said Wednesday that Connected Kerb, a UK based manufacturer of EV smart charging solutions, has selected Charge Infrastructure as its installation provider for a pilot project in New York City. Both parties will collaborate on this groundbreaking pilot which will focus on testing scalable, cost-effective charging infrastructure in New York City. The project is driven by a collaboration between the New York City Department of Transportation and Newlab, the DOT Studio to support the City's Vision Zero and sustainability goals. Through the project, both parties seek to accelerate the transition to global sustainable mobility that is equitable, safe, reliable and scalable powered with an integrated white glove, custom, seamless infrastructure solution.
Seeking Alpha • Jun 30

Charge Enterprises falls after short call from Peabody Street Research

Charge Enterprises (NASDAQ:CRGE) ticked down 1.9% after a new short report from Peabody Street Research. Peabody Street's sees 95% downside to 15c/share, according to tweet about the short report. Charge Enterprises (CRGE) didn't immediately respond to Seeking Alpha request for comment. CRGE short interest is 4.4%. Recall Monday, Charge Enterprises to Join Russell 3000(R), Russell 2000(R), and Russell Microcap(R) Indexes.
Seeking Alpha • May 18

Charge Enterprises Looks Overvalued Based On Fundamentals

The company’s revenues rose by 46.7% in Q1 2022 but most of the growth is coming from acquisitions and the telecommunications business, which has low margins. The pro forma loss came in at $13.1 million in Q1 2022, which is 13% higher than a year ago. I think that there is strong retail investor interest and that the share price of Charge Enterprises is likely to fall below $3.50 as it fades away. However, the share price is volatile and investors could be better off avoiding this stock.

Analyse CEO-vergoeding

Hoe is Craig Denson's beloning veranderd ten opzichte van Charge Enterprises's winst?
DatumTotale vergoedingSalarisBedrijfswinsten
Sep 30 2023n/an/a

-US$49m

Jun 30 2023n/an/a

-US$23m

Mar 31 2023n/an/a

-US$64m

Dec 31 2022US$850kUS$300k

-US$68m

Sep 30 2022n/an/a

-US$71m

Jun 30 2022n/an/a

-US$112m

Mar 31 2022n/an/a

-US$72m

Dec 31 2021US$1mUS$329k

-US$59m

Compensatie versus markt: De totale vergoeding ($USD 850.00K ) Craig } is ongeveer het gemiddelde voor bedrijven van vergelijkbare omvang in de US markt ($USD 649.34K ).

Compensatie versus inkomsten: De vergoeding van Craig is het afgelopen jaar in lijn geweest met de bedrijfsprestaties.

CEO

Craig Denson (61 yo)

3.6yrs
Tenure
US$850,000
Compensatie

Mr. Craig Denson is a Co-Founder of Charge Enterprises, Inc. He serves as Chief Operating Officer at Charge Enterprises, Inc. since October 2020 and served as its Chief Compliance Officer since November 20...

Leiderschapsteam

NaamPositieTenureCompensatieEigendom
Craig Denson
Co-Founder3.6yrsUS$850.00kgeen gegevens
James Biehl
Chief Legal Officer1.6yrsUS$1.86m0%
$ 0
Mark LaNeve
President2.6yrsUS$5.53m0.12%
$ 1.7k
Leah Schweller
Chief Financial Officer2.7yrsUS$5.95m0%
$ 0
Jamie Yung
Director of Human Resources3.3yrsgeen gegevensgeen gegevens
Brendan Durkin
President of EVDepot2.3yrsgeen gegevensgeen gegevens
Matthew Chee
Senior Vice President of Growthless than a yeargeen gegevensgeen gegevens
Paolo Fettuccia
President & CEO of ANS Advanced Network Services3yrsgeen gegevensgeen gegevens
Michael Wojtowicz
President & CEO of BW Electrical Services2.4yrsgeen gegevens0%
$ 0
Marc Rosenwald
Corporate Controller2.5yrsgeen gegevensgeen gegevens
Paul Williams
President & CEO of Greenspeed Energy Solutions LLC1.3yrsgeen gegevens0%
$ 0
2.5yrs
Gemiddelde duur
59.5yo
Gemiddelde leeftijd

Ervaren management: Het managementteam van CRGE.Q wordt beschouwd als ervaren (gemiddelde ambtstermijn 2.5 jaar).

Bestuursleden

NaamPositieTenureCompensatieEigendom
Craig Denson
Co-Founder3.6yrsUS$850.00kgeen gegevens
Gary Jacobs
Independent Director2.3yrsUS$1.35m0%
$ 0
Amy Hanson
Lead Independent Director2.3yrsUS$1.69m0%
$ 0
Jacky Wu
Independent Directorless than a yeargeen gegevensgeen gegevens
Benjamin Carson
Independent Director3.2yrsgeen gegevens0%
$ 0
Chantel Lenard
Independent Director2.3yrsUS$1.35m0%
$ 0
Robert Hoban
Head of Advisory Board5.3yrsgeen gegevensgeen gegevens
Miller Mays
Member of Advisory Board5.3yrsgeen gegevensgeen gegevens
Moshe Gluzman
Member of Advisory Board5.3yrsgeen gegevensgeen gegevens
Justin Deutsch
Independent Director4yrsgeen gegevens0%
$ 0
Andrew Fox
Director2.7yrsUS$980.26k0%
$ 0
3.2yrs
Gemiddelde duur
51yo
Gemiddelde leeftijd

Ervaren bestuur: De raad van bestuur van CRGE.Q wordt beschouwd als ervaren (gemiddelde ambtstermijn 3.2 jaar).

Bedrijfsanalyse en status van financiële gegevens

GegevensLaatst bijgewerkt (UTC-tijd)
Bedrijfsanalyse2024/05/06 03:13
Aandelenkoers aan het einde van de dag2024/05/06 00:00
Inkomsten2023/09/30
Jaarlijkse inkomsten2022/12/31

Gegevensbronnen

De gegevens die gebruikt zijn in onze bedrijfsanalyse zijn afkomstig van S&P Global Market Intelligence LLC. De volgende gegevens worden gebruikt in ons analysemodel om dit rapport te genereren. De gegevens zijn genormaliseerd, waardoor er een vertraging kan optreden voordat de bron beschikbaar is.

PakketGegevensTijdframeVoorbeeld Amerikaanse bron *
Financiële gegevens bedrijf10 jaar
  • Resultatenrekening
  • Kasstroomoverzicht
  • Balans
Consensus schattingen analisten+3 jaar
  • Financiële prognoses
  • Koersdoelen analisten
Marktprijzen30 jaar
  • Aandelenprijzen
  • Dividenden, splitsingen en acties
Eigendom10 jaar
  • Top aandeelhouders
  • Handel met voorkennis
Beheer10 jaar
  • Leiderschapsteam
  • Raad van bestuur
Belangrijkste ontwikkelingen10 jaar
  • Bedrijfsaankondigingen

* Voorbeeld voor effecten uit de VS, voor niet-Amerikaanse effecten worden gelijkwaardige formulieren en bronnen gebruikt.

Tenzij anders vermeld zijn alle financiële gegevens gebaseerd op een jaarperiode, maar worden ze elk kwartaal bijgewerkt. Dit staat bekend als Trailing Twelve Month (TTM) of Last Twelve Month (LTM) gegevens. Meer informatie.

Analysemodel en Snowflake

Details van het analysemodel dat is gebruikt om dit rapport te genereren zijn beschikbaar op onze Github-pagina. We hebben ook handleidingen over hoe je onze rapporten kunt gebruiken en tutorials op YouTube.

Leer meer over het team van wereldklasse dat het Simply Wall St-analysemodel heeft ontworpen en gebouwd.

Industrie en sector

Onze industrie- en sectormetrics worden elke 6 uur berekend door Simply Wall St, details van ons proces zijn beschikbaar op Github.

Bronnen van analisten

Charge Enterprises, Inc. wordt gevolgd door 2 analisten. 0 van deze analisten hebben de schattingen van de omzet of winst ingediend die zijn gebruikt als input voor ons rapport. Inzendingen van analisten worden de hele dag door bijgewerkt.

AnalistInstelling
Amit DayalH.C. Wainwright & Co.
Tate SullivanMaxim Group