Charge Enterprises, Inc. (CRGE) Tops Q3 EPS by 1c

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Go back to Charge Enterprises, Inc. (CRGE) Tops Q3 EPS by 1c

Charge Enterprises Reports Third Quarter 2023 Financial Results

November 8, 2023 7:05 AM EST

Highest Gross Profit to date of $9.0 million, representing a 48% year-over-year increase, driven by growth in the Infrastructure segment Third quarter revenues of $132.3 million, with 19% growth in the Infrastructure segment, offset by expected declines in the Telecommunications segment Efficiency improvements and skillset enhancements within the EV charging operation as part of the integration of Greenspeed Approximately $2 million of annualized people costs removed in conjunction with the integration of Greenspeed Infrastructure segment backlog of future revenues totaled $139 million at the end of the third quarter 2023 Reiterate first quarter... More