Charge Enterprises First Quarter 2023 Earnings: US$0.046 loss per share (vs US$0.092 loss in 1Q 2022)

Simply Wall St

May 11, 2023

Charge Enterprises (NASDAQ:CRGE) First Quarter 2023 Results

Key Financial Results

Revenue: US$193.5m (up 19% from 1Q 2022).
Net loss: US$9.57m (loss narrowed by 45% from 1Q 2022).
US$0.046 loss per share (improved from US$0.092 loss in 1Q 2022).

earnings-and-revenue-growth — NasdaqGM:CRGE Earnings and Revenue Growth May 11th 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

Charge Enterprises Earnings Insights

Looking ahead, revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Telecom industry in the US.

Performance of the American Telecom industry.

The company's shares are up 5.5% from a week ago.

Risk Analysis

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.