Charge Enterprises on Nasdaq TradeTalks

Rhea-AI Summary

Charge Enterprises, Inc. (Nasdaq: CRGE), led by CEO Andrew Fox, discussed its business on Nasdaq TradeTalks on August 26, 2022. Fox mentioned a $600 million revenue run rate, which was not a forecast but a reference based on the company's $344 million revenue for the first half of 2022. Charge focuses on telecommunications and electric vehicle charging infrastructure. The company aims to expand its offerings in both sectors, emphasizing its commitment to future growth while acknowledging the risks associated with market acceptance and regulatory changes.

Positive

• First half 2022 revenue reached $344 million.
• Charge is expanding in the fast-growing EV charging and telecommunications sectors.

Negative

• The $600 million revenue run rate was clarified not as a forecast, creating uncertainty.
• Potential risks from market acceptance of electric vehicles and regulatory changes.

NEW YORK, NY / ACCESSWIRE / August 29, 2022 / Founder, Chairman and CEO Andrew Fox of Charge Enterprises, Inc. (Nasdaq:CRGE) ("Charge" or the "Company"), consisting of a portfolio of global businesses with the vision of connecting people everywhere with communications and electric vehicle ("EV") charging infrastructure, appeared on Nasdaq TradeTalks on Friday, August 26, 2022. This interview is viewable here.

As a point of clarity, Mr. Fox's reference of a $600 million revenue run rate was not intended as a forecast, projection or guidance, but merely an arithmetical reference to Charge's first half 2022 revenue performance, which was $344 million for the six-month period.

About Charge Enterprises, Inc.

Telecommunications

Our Telecommunications business ("Telecommunications") has provided routing of both voice, data and short message services ("SMS") to carriers and mobile network operators ("MNOs") globally for over two decades and is poised to selectively add profitable products and services to this long-established business.

Infrastructure

Our Infrastructure business ("Infrastructure") has a primary focus on two fast growing sectors: broadband, including cell tower, small cell, and in-building applications, and electric vehicle ("EV") charging. Solutions for these two sectors include: design and engineering, equipment specification and sourcing, installation, data and software solutions, and service and maintenance.

To learn more about Charge, visit Charge Enterprises, Inc.

Notice Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect current expectations or beliefs regarding future events or Charge's future performance. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates", "targets" or "believes", or variations of, or the negatives of, such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. All forward-looking statements, including those herein, are qualified by this cautionary statement.

Although Charge believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties include the business plans and strategies of Charge, Charge's future business development, market acceptance of electric vehicles, Charge's ability to generate profits and positive cash flow, changes in government regulations and government incentives, subsidies, or other favorable government policies, and other risks discussed in Charge's filings with the U.S. Securities and Exchange Commission ("SEC"). Readers are cautioned that the foregoing list of risks and uncertainties is not exhaustive of the factors that may affect forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this press release speak only as of the date of this press release or as of the date or dates specified in such statements. For more information on us, investors are encouraged to review our public filings with the SEC which are available on the SEC's website at www.sec.gov. Charge disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Media Contacts:

Steve Keyes (248) 952-7022
skeyes@revolutionworld.com

Investor Relations:

Christine Cannella (954) 298-6518
Ccannella@charge.enterprises

Carolyn Capaccio, CFA (212) 838-3777
Ccapaccio@lhai.com

SOURCE: Charge Enterprises Inc.

View source version on accesswire.com:
https://www.accesswire.com/713925/Charge-Enterprises-on-Nasdaq-TradeTalks

FAQ

What was Charge Enterprises' revenue for the first half of 2022?

Charge Enterprises reported a revenue of $344 million for the first half of 2022.

Who discussed Charge Enterprises on Nasdaq TradeTalks?

CEO Andrew Fox discussed Charge Enterprises on Nasdaq TradeTalks on August 26, 2022.

What is the significance of the $600 million revenue run rate mentioned by Charge Enterprises?

The $600 million revenue run rate was not a forecast but a reference based on past performance, leading to potential confusion.

What sectors is Charge Enterprises focusing on for future growth?

Charge Enterprises is focusing on telecommunications and electric vehicle charging infrastructure for future growth.