WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of Charge Enterprises, Inc. (NASDAQ: CRGE) (OTC: CRGEQ) between December 15, 2021 and February 28, 2024, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 29, 2024. WHAT TO DO NEXT: To join the Charge class action, go to https://rosenlegal.com/su ...

Now with a strengthened balance sheet and ample access to capital, Charge looks ahead to continued business growth Longtime largest shareholder to become majority owner as Company's indebtedness is dramatically reduced, providing strong financial position for future growth Under new leadership, Company will continue to capitalize on expanding its market-leading EV charging infrastructure capabilities and services NEW YORK, May 3, 2024 /PRNewswire/ -- Arena Investors, LP (and its affiliates, collectively, ...

Charge Enterprises (NASDAQ:CRGE) stock is falling hard on Friday after the electric vehicle (EV) charging company notified investors of a delisting update from the Nasdaq Exchange’s Listing Qualifications Department.This notice has the company’s shares set to be delisted from the exchange when markets open on Feb. 29. This delisting comes as the company has failed to keep the price of CRGE shares above the $1 minimum bid requirement.Investors will note that Charge Enterprises already applied for a 180-day e ...

Charge Enterprises (NASDAQ:CRGE) stock is heading higher on Thursday despite a lack of news from the electric vehicle (EV) charging infrastructure company.Instead, heavy trading seems to be what has shares of CRGE stock rising today. As of this writing, more than 37 million shares of the company’s stock have changed hands. To put that in perspective, its daily average trading volume is closer to 14 million shares.All of this movement comes without any new press releases or filings from Charge Enterprises. T ...

Financial Data and Key Metrics Changes - In Q3 2023, total revenues were $132.3 million, reflecting a decrease compared to the same period last year and the previous five quarters [47] - Gross profit increased by 48% to $9 million compared to $6.1 million during the same period last year, with a consolidated gross margin of 6.8% compared to 3.3% in the prior year [49] - Adjusted EBITDA loss was $0.6 million, an improvement from a loss of $1.7 million in the prior year period, mainly driven by improvements within the Infrastructure segment [54] Business Line Data and Key Metrics Changes - Infrastructure segment revenues increased by 19% to $31.8 million compared to the prior year, driven by strong performance in electrical services and EV businesses [51] - Telecommunications segment revenues experienced a 37% year-over-year decline, resulting in $100.4 million, attributed to continued declines in wholesale voice volume [20] - Infrastructure gross margin increased to 25.8% from 19.2% in the prior year, while Telecommunications gross margin was 0.8%, a slight increase compared to the prior year [21][22] Market Data and Key Metrics Changes - The EV charging infrastructure business accounted for 42% of the $139 million backlog, showing significant growth compared to the previous year [25] - Backlog levels slightly increased to approximately $139 million at September 30, 2023, compared to $138 million at the end of Q2 2023 [53] Company Strategy and Development Direction - The company aims to generate positive adjusted EBITDA in the full year of 2024 and is focused on integrating products and services across its Infrastructure segment [4][29] - The acquisition of Greenspeed is expected to enhance service offerings and operational efficiencies, allowing the company to serve clients in 25 states [16][43] - A comprehensive strategic plan is being developed, including a thorough evaluation of business segments and competitive analysis [40] Management Comments on Operating Environment and Future Outlook - Management acknowledges challenges in the EV market due to higher interest rates and a volatile stock market but sees opportunities in addressing the lack of EV charging infrastructure [35] - The company remains optimistic about achieving positive adjusted EBITDA for Q1 2024 and the full year of 2024, supported by a strong backlog and diligent cost management [29][78] Other Important Information - The company has $57.2 million in cash, cash equivalents, and marketable securities, primarily for operations and debt service [57] - The integration of Greenspeed is on track to be completed by Q3 2024, with ongoing identification of efficiencies and sales opportunities [82] Q&A Session Summary Question: What types of electrical contracting jobs does Charge Enterprises work on? - Charge Enterprises offers a diversified portfolio of services, including projects with local and state governments, universities, healthcare systems, and stadiums, with the recent acquisition of Greenspeed expanding service reach [30] Question: Can dealerships get government funding for public EV charging infrastructure? - Dealers have a chance of getting funding for public charging stations, but most are not installing fast charging available to the public [60] Question: Is there a change in outlook regarding EV charging deployment expectations due to the interest rate environment? - Higher interest rates and market volatility may cause hesitation for EV buyers, but the company views the lack of EV charging infrastructure as an opportunity [35] Question: What is the outlook for the Telecommunications segment? - The company anticipates continued decline in wholesale voice volume but expects SMS capabilities to contribute positively to the Telecommunications segment in 2024 [74] Question: How is the integration of Greenspeed progressing? - The integration is going well, with efficiencies being identified and the ability to execute projects expanded from 13 to 25 states [76]

November 2023 Any forward-looking statement in this presentation reflects our current view with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our business, results of operations, industry, and future growth. Given these uncertainties, you should not place undue reliance on these forward-looking statements. No forward-looking statement is a guarantee of future performance. You should read this presentation and the documents that we reference herei ...

Notes payable On December 17, 2021, the Company entered into a securities purchase agreement with funds affiliated with Arena Investors LP (the "December 2021 Investors") pursuant to which it issued a note payable in an aggregated face value of $15.9 million for an aggregate purchase price of $13.3 million (collectively, the "December 2021 Notes" and together with the May 2021 Notes, the "Notes"). The December 2021 Notes have a coupon of 7.5% and a 23-month term, subject to increase to 20% per annum upon an ...

Charge Enterprises, Inc. (NASDAQ:CRGE) Q2 2023 Earnings Conference Call August 14, 2023 10:30 AM ET Leah Schweller - Chief Financial Officer Greenspeed business in terms of geography, backlog, customer engagements, and other relevant operating metrics. With the acquisition of Greenspeed, we've added approximately $12 million in backlog as of June 30, 2023. We are excited about combining our EV businesses to both increase revenue and backlog of our infrastructure segment at a faster rate. We are also excited ...

8 YOY INC/(DEC) *See Appendix for Non-GAAP Reconciliation for Adjusted EBITDA *# denotes a variance of 100% or more *2022 results As Adjusted - As Adjusted represents the Company's change in accounting principle for recognizing stock-based compensation expense from a graded vesting attribution method to a straight-line attribution method. The effects of the change have been retrospectively applied to all periods effective from January 1, 2023, as presented in the Management's Discussion and Analysis of Fina ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from____________to____________ Commission file number: 333-253073 CHARGE ENTERPRISES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction ...