Charge Enterprises, Inc. (CRGEQ) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
125 PARK AVENUE, 25TH FLOOR NEW YORK, NY 10017 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4822 - Telegraph and Other Message Communications (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 50,142 | 36,493 | 26,837 | 36,236 | 46,581 | 26,381 | |||
| Cash and cash equivalent | 50,142 | 36,493 | 26,837 | 36,236 | 46,581 | 26,381 | |||
| Short-term investments | |||||||||
| Restricted cash and investments | |||||||||
| Receivables | 74,036 | 75,204 | 74,985 | 75,069 | 68,917 | ||||
| Inventory, net of allowances, customer advances and progress billings | 118 | 159 | 111 | 184 | 168 | 136 | |||
| Inventory | 118 | 159 | 111 | 184 | 168 | 136 | |||
| Contract with customer, asset, after allowance for credit loss | |||||||||
| Intangible current assets | 11,063 | ||||||||
| Other undisclosed current assets | 22,307 | 20,937 | 89,561 | 18,945 | 16,654 | 32,649 | |||
| Total current assets: | 146,603 | 132,793 | 116,509 | 130,350 | 149,536 | 128,083 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 600 | 289 | 341 | 390 | 381 | 431 | |||
| Operating lease, right-of-use asset | 3,323 | 3,590 | 4,028 | 4,018 | |||||
| Property, plant and equipment | 553 | 697 | 732 | 1,661 | 1,698 | 1,854 | |||
| Intangible assets, net (including goodwill) | 44,537 | 45,571 | 46,604 | 46,882 | 47,081 | 44,552 | |||
| Goodwill | 12,672 | 12,672 | 12,672 | 36,017 | 36,017 | 44,552 | |||
| Intangible assets, net (excluding goodwill) | 31,865 | 32,899 | 33,932 | 10,865 | 11,063 | ||||
| Other undisclosed noncurrent assets | 248 | 248 | 240 | 8,262 | 8,612 | 7,603 | |||
| Total noncurrent assets: | 49,261 | 50,395 | 51,945 | 57,195 | 57,772 | 58,459 | |||
| TOTAL ASSETS: | 195,864 | 183,188 | 168,454 | 187,544 | 207,308 | 186,542 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 95,747 | 86,245 | 72,765 | 92,061 | 107,916 | 96,520 | |||
| Accounts payable | 87,946 | 80,571 | 61,644 | 82,060 | 99,753 | 89,994 | |||
| Accrued liabilities | 7,801 | 5,674 | 11,121 | 10,001 | 8,163 | 6,526 | |||
| Deferred revenue | 24,765 | 18,043 | 13,741 | ||||||
| Debt | 26,299 | 25,146 | 29,180 | ||||||
| Derivative instruments and hedges, liabilities | 59 | 339 | 6,521 | 11,773 | 40,443 | ||||
| Other undisclosed current liabilities | 1,336 | 1,568 | 1,691 | 12,693 | 9,518 | 9,373 | |||
| Total current liabilities: | 148,206 | 131,341 | 123,898 | 116,527 | 157,876 | 105,894 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 374 | 126 | 146 | 166 | 12,634 | 3,189 | |||
| Long-term debt, excluding current maturities | 12,499 | 175 | |||||||
| Finance lease, liability | 374 | 126 | 146 | 166 | 135 | 174 | |||
| Liabilities, other than long-term debt | 1,809 | 1,903 | 2,199 | ||||||
| Deferred income tax liabilities | |||||||||
| Operating lease, liability | 1,809 | 1,903 | 2,199 | 2,840 | |||||
| Business combination, contingent consideration, liability | |||||||||
| Other undisclosed noncurrent liabilities | 1,170 | 1,288 | 1,389 | 24,957 | 12,307 | 26,511 | |||
| Total noncurrent liabilities: | 3,353 | 3,317 | 3,734 | 25,123 | 24,941 | 32,540 | |||
| Total liabilities: | 151,559 | 134,658 | 127,632 | 141,650 | 182,816 | 138,433 | |||
| Temporary equity, including noncontrolling interest | 17,257 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 27,733 | 31,958 | 24,250 | 16,572 | 7,235 | 41,259 | |||
| Common stock | 21 | 21 | 20 | 21 | 21 | 19 | |||
| Additional paid in capital | 201,989 | 197,025 | 197,816 | 190,521 | 182,480 | 169,924 | |||
| Accumulated deficit | (174,277) | (165,088) | (173,586) | (161,219) | (175,233) | (128,652) | |||
| Other undisclosed equity, attributable to parent | (12,751) | (33) | (31) | ||||||
| Other undisclosed equity | 16,572 | 16,572 | 12,751 | 6,850 | |||||
| Total equity: | 44,305 | 48,530 | 24,250 | 29,323 | 7,235 | 48,109 | |||
| Other undisclosed liabilities and equity | 16,572 | 16,572 | |||||||
| TOTAL LIABILITIES AND EQUITY: | 195,864 | 183,188 | 168,454 | 187,544 | 207,308 | 186,542 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 147,586 | 193,549 | 167,957 | 185,857 | 181,041 | 162,978 | ||
| Cost of revenue (Cost of Product and Service Sold) | (139,838) | (186,828) | (160,402) | (178,951) | (173,760) | (156,508) | ||
| Gross profit: | 7,748 | 6,721 | 7,555 | 6,906 | 7,281 | 6,470 | ||
| Operating expenses | (16,227) | (16,341) | (20,291) | (16,880) | (19,747) | (19,257) | ||
| Operating loss: | (8,479) | (9,620) | (12,736) | (9,974) | (12,466) | (12,786) | ||
| Nonoperating income (expense) | (125) | 391 | (898) | (3,346) | (777) | |||
| Investment income, nonoperating | 666 | (789) | (1,231) | |||||
| Gain (loss), foreign currency transaction, before tax | (60) | 256 | ||||||
| Other nonoperating income (expense) | 637 | 391 | (49) | (3,346) | 198 | |||
| Interest and debt expense | (1,488) | (1,538) | (9,903) | (521) | (746) | (735) | ||
| Loss from continuing operations before equity method investments, income taxes: | (10,092) | (10,767) | (23,537) | (13,841) | (13,212) | (14,299) | ||
| Other undisclosed income from continuing operations before income taxes | 1,488 | 1,665 | ||||||
| Loss from continuing operations before income taxes: | (8,604) | (9,102) | (23,537) | (13,841) | (13,212) | (14,299) | ||
| Income tax expense (benefit) | (242) | 110 | 2,048 | (183) | (11) | 1,578 | ||
| Loss from continuing operations: | (8,846) | (8,992) | (21,489) | (14,024) | (13,223) | (12,720) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (14,024) | (13,223) | (12,720) | |
| Other undisclosed net income (loss) | 93,272 | (420) | ||||||
| Net income (loss): | (8,846) | (8,992) | 71,783 | (14,024) | (13,223) | (13,140) | ||
| Other undisclosed net income (loss) attributable to parent | (220) | (83,724) | 28,399 | (6,419) | 0 | |||
| Net income (loss) attributable to parent: | (8,846) | (9,212) | (11,941) | 14,374 | (19,642) | (13,140) | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (2,630) | |||||||
| Other undisclosed net income (loss) available to common stockholders, basic | (362) | (362) | 37,620 | 2,328 | ||||
| Net income (loss) available to common stockholders, basic: | (9,208) | (9,574) | 25,678 | 14,072 | (19,642) | (13,140) | ||
| Dilutive securities, effect on basic earnings per share | 24,057 | |||||||
| Other undisclosed net loss available to common stockholders, diluted | (6,451) | |||||||
| Net income (loss) available to common stockholders, diluted: | (9,208) | (9,574) | 19,227 | 14,072 | (19,642) | 10,918 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (8,846) | (8,992) | 71,783 | (14,024) | (13,223) | (13,140) | ||
| Other comprehensive income (loss) | (162) | (0) | 33 | (1) | ||||
| Comprehensive income (loss): | (9,008) | (8,992) | 71,782 | (13,992) | (13,224) | (13,140) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 162 | (220) | (83,724) | 28,399 | (6,419) | 0 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (8,846) | (9,212) | (11,941) | 14,407 | (19,643) | (13,140) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.