Charge Enterprises, Inc.

OTCPK:CRGE.Q Stok Raporu

Piyasa değeri: US$1.5m

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Charge Enterprises Yönetim

Yönetim kriter kontrolleri 4/4

Şu anda CEO hakkında yeterli bilgiye sahip değiliz.

Anahtar bilgiler

Craig Denson

İcra Kurulu Başkanı

US$850.0k

Toplam tazminat

CEO maaş yüzdesi35.29%
CEO görev süresi3.6yrs
CEO sahipliğin/a
Yönetim ortalama görev süresi2.5yrs
Yönetim Kurulu ortalama görev süresi3.2yrs

Son yönetim güncellemeleri

Recent updates

Analiz Makalesi • 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...
Analiz Makalesi • 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...
Analiz Makalesi • 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.
Analiz Makalesi • 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.

CEO Tazminat Analizi

Craig Denson'un ücretlendirmesi Charge Enterprises'un kazancına kıyasla nasıl değişti?
TarihToplam TazminatMaaşŞirket Kazançları
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

Tazminat ve Piyasa: Craig 'ın toplam tazminatı ($USD 850.00K ) US pazarındaki benzer büyüklükteki şirketler için ortalamadır ($USD 622.00K ).

Tazminat ve Kazançlar: Craig 'in tazminatı, şirketin son bir yıldaki performansıyla tutarlıydı.

CEO

Craig Denson (61 yo)

3.6yrs
Görev süresi
US$850,000
Tazminat

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...

Liderlik Ekibi

İsimPozisyonGörev süresiTazminatSahiplik
Craig Denson
Co-Founder3.6yrsUS$850.00kVeri yok
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 Resources3.3yrsVeri yokVeri yok
Brendan Durkin
President of EVDepot2.3yrsVeri yokVeri yok
Matthew Chee
Senior Vice President of Growthless than a yearVeri yokVeri yok
Paolo Fettuccia
President & CEO of ANS Advanced Network Services3yrsVeri yokVeri yok
Michael Wojtowicz
President & CEO of BW Electrical Services2.4yrsVeri yok0%
$ 0
Marc Rosenwald
Corporate Controller2.5yrsVeri yokVeri yok
Paul Williams
President & CEO of Greenspeed Energy Solutions LLC1.3yrsVeri yok0%
$ 0
2.5yrs
Ortalama Görev Süresi
59.5yo
Ortalama Yaş

Deneyimli Yönetim: CRGE.Q 'un yönetim ekibi deneyimli olarak değerlendirilmektedir (ortalama görev süresi 2.5 yıldır).

Yönetim Kurulu Üyeleri

İsimPozisyonGörev süresiTazminatSahiplik
Craig Denson
Co-Founder3.6yrsUS$850.00kVeri yok
Gary Jacobs
Independent Director2.3yrsUS$1.35m0%
$ 0
Amy Hanson
Lead Independent Director2.3yrsUS$1.69m0%
$ 0
Jacky Wu
Independent Directorless than a yearVeri yokVeri yok
Benjamin Carson
Independent Director3.2yrsVeri yok0%
$ 0
Chantel Lenard
Independent Director2.3yrsUS$1.35m0%
$ 0
Robert Hoban
Head of Advisory Board5.3yrsVeri yokVeri yok
Miller Mays
Member of Advisory Board5.3yrsVeri yokVeri yok
Moshe Gluzman
Member of Advisory Board5.3yrsVeri yokVeri yok
Justin Deutsch
Independent Director4yrsVeri yok0%
$ 0
Andrew Fox
Director2.7yrsUS$980.26k0%
$ 0
3.2yrs
Ortalama Görev Süresi
51yo
Ortalama Yaş

Deneyimli Yönetim Kurulu: CRGE.Q 'nin yönetim kurulu üyeleri deneyimli olarak kabul edilir (ortalama görev süresi 3.2 yıldır).

Şirket Analizi ve Finansal Veri Durumu

VeriSon Güncelleme (UTC saati)
Şirket Analizi2024/05/06 14:08
Gün Sonu Hisse Fiyatı2024/05/06 00:00
Kazançlar2023/09/30
Yıllık Kazançlar2022/12/31

Veri Kaynakları

Şirket analizimizde kullanılan veriler S&P Global Market Intelligence LLC'den alınmıştır. Bu raporu oluşturmak için analiz modelimizde aşağıdaki veriler kullanılmıştır. Veriler normalize edilmiştir, bu da kaynağın mevcut olmasından kaynaklanan bir gecikmeye neden olabilir.

PaketVeriZaman ÇerçevesiÖrnek ABD Kaynağı *
Şirket Finansalları10 yıl
  • Gelir tablosu
  • Nakit akış tablosu
  • Bilanço
Analist Konsensüs Tahminleri+3 yıl
  • Finansal tahminler
  • Analist fiyat hedefleri
Piyasa Fiyatları30 yıl
  • Hisse senedi fiyatları
  • Temettüler, Bölünmeler ve Eylemler
Sahiplik10 yıl
  • En büyük hissedarlar
  • İçeriden öğrenenlerin ticareti
Yönetim10 yıl
  • Liderlik ekibi
  • Yönetim Kurulu
Önemli Gelişmeler10 yıl
  • Şirket duyuruları

* ABD menkul kıymetleri için örnek, ABD dışı için eşdeğer düzenleyici formlar ve kaynaklar kullanılmıştır.

Belirtilmediği sürece tüm finansal veriler yıllık bir döneme dayanmaktadır ancak üç ayda bir güncellenmektedir. Bu, İzleyen On İki Ay (TTM) veya Son On İki Ay (LTM) Verileri olarak bilinir. Daha fazla bilgi edinin.

Analiz Modeli ve Kar Tanesi

Bu raporu oluşturmak için kullanılan analiz modelinin ayrıntılarına GitHub sayfamızdan ulaşabilirsiniz, ayrıca raporlarımızı nasıl kullanacağınızı anlatan kılavuzlarımız ve Youtube'da eğitim videolarımız da bulunmaktadır.

Simply Wall St analiz modelini tasarlayan ve oluşturan dünya standartlarındaki ekip hakkında bilgi edinin.

Endüstri ve Sektör Metrikleri

Sektör ve bölüm metriklerimiz Simply Wall St tarafından her 6 saatte bir hesaplanmaktadır, sürecimizin ayrıntıları Github'da mevcuttur.

Analist Kaynakları

Charge Enterprises, Inc. 2 Bu analistlerden 0, raporumuzun girdisi olarak kullanılan gelir veya kazanç tahminlerini sunmuştur. Analistlerin gönderimleri gün boyunca güncellenmektedir.

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