Charge Enterprises, Inc. is an electrical, broadband and EV charging infrastructure company that provides clients with end-to-end project management services. We operate in two segments: Infrastructure, which has a primary focus on EV charging, broadband and wireless, and electrical contracting services; and Telecommunications, which provides connection of voice calls, Short Message Services (SMS) and data to global carriers. Our vision is to be a leader in enabling the next wave of transportation and connectivity. By building, designing, and operating seamless infrastructure for electric vehicles, we aim to create a future where transportation is clean, efficient, and connected and to empower individuals, communities, and businesses to thrive in a more sustainable world. Our plan is to cultivate repeat customers and recurring revenues by deploying a multi-phased strategy, initially where investment in the EV charging revolution is taking place, the nation’s approximately 18,000 franchised auto dealers.
Company profile
Ticker
CRGEQ
Exchange
CEO
Isaac H. Sutton
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
GoIP GLOBAL, INC.
SEC CIK
Corporate docs
Subsidiaries
Transworld Enterprises, Inc. • Charge Infrastructure Holdings, Inc. • Charge Communications, Inc. • Charge Investments, Inc. • GetCharged, Inc. • Charge Services, LLC • Nextridge, Inc. • ANS Advanced Networks Services, LLC • B W Electrical Services, LLC • EV Group Holdings, LLC ...
IRS number
900471969
CRGEQ stock data
Latest filings (excl ownership)
25-NSE
Exchange delisting
9 Apr 24
NT 10-K
Notice of late annual filing
15 Mar 24
8-K
In the United States Bankruptcy Court for the District of Delaware
12 Mar 24
8-K
Entry into a Material Definitive Agreement
28 Feb 24
8-K
Charge Enterprises Announces Decision of Nasdaq Hearings Panel To Delist Common Shares
22 Feb 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
13 Feb 24
8-K
Other Events
12 Feb 24
8-K
Departure of Directors or Certain Officers
25 Jan 24
8-K
Entry into a Material Definitive Agreement
9 Jan 24
8-K
Departure of Directors or Certain Officers
12 Dec 23
Latest ownership filings
SC 13D
Orr Ken
16 Feb 24
SC 13G/A
Charge Enterprises / Charge Enterprises ownership change
6 Feb 24
5
Annual statement of changes in insider ownership
26 Jan 24
3
Initial statement of insider ownership
26 Jan 24
SC 13G
Gabriel 613 Trust
26 Jan 24
SC 13D/A
Arena Investors LP
12 Jan 24
4
Craig Harper-Denson
14 Nov 23
4
GARY N JACOBS
18 Sep 23
4
James Biehl
18 Sep 23
4
Philip Scala
12 Sep 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
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Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 52.25 mm | 52.25 mm | 52.25 mm | 52.25 mm | 52.25 mm | 52.25 mm |
Cash burn (monthly) | (no burn) | (no burn) | 2.12 mm | 3.11 mm | 499.33 k | (no burn) |
Cash used (since last report) | n/a | n/a | 14.71 mm | 21.58 mm | 3.47 mm | n/a |
Cash remaining | n/a | n/a | 37.53 mm | 30.66 mm | 48.78 mm | n/a |
Runway (months of cash) | n/a | n/a | 17.7 | 9.9 | 97.7 | n/a |
Institutional ownership, Q3 2023
23.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 68 |
Opened positions | 6 |
Closed positions | 11 |
Increased positions | 20 |
Reduced positions | 18 |
13F shares | Current |
---|---|
Total value | 17.77 bn |
Total shares | 51.35 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Orr Ken | 15.21 mm | $0.00 |
Arena Investors | 11.60 mm | $5.77 bn |
BLK Blackrock | 8.04 mm | $4.00 bn |
Vanguard | 5.22 mm | $2.60 bn |
Geode Capital Management | 2.49 mm | $1.24 bn |
STT State Street | 2.39 mm | $1.19 bn |
NTRS Northern Trust | 1.07 mm | $534.42 mm |
Charles Schwab Investment Management | 878.28 k | $436.68 mm |
GS Goldman Sachs | 490.18 k | $243.72 mm |
Squarepoint Ops | 427.34 k | $212.48 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
9 Nov 23 | Craig Harper-Denson | Options, right to buy Common Stock | Grant | Acquire A | No | No | 0.38 | 894,455 | 339.89 k | 894,455 |
14 Sep 23 | Biehl James | Common Stock, par value $0.0001 | Buy | Acquire P | No | No | 0.68 | 10,000 | 6.80 k | 30,000 |
14 Sep 23 | Gary N Jacobs | Common Stock, par value $0.0001 | Buy | Acquire P | Yes | No | 0.62 | 3,000 | 1.86 k | 30,000 |
11 Sep 23 | Gary N Jacobs | Common Stock, par value $0.0001 | Buy | Acquire P | Yes | No | 0.56 | 5,000 | 2.80 k | 27,000 |
8 Sep 23 | Justin Deutsch | Common Stock, par value $0.0001 | Buy | Acquire P | No | No | 0.46 | 105,400 | 48.48 k | 1,080,168 |
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