CarCharging 2015 Results: $2 Lost For Every $1 Earned

Via IEVS: http://insideevs.com/carcharging-published-2015-results-revenues-up-losses-down/

We have experienced significant net losses, and we expect to continue to incur losses for the foreseeable future. We incurred net losses of $8.2 million and $23.2 million the years ended December 31, 2015 and 2014, respectively, and as of December 31, 2015 our accumulated deficit was $73.4 million. Our prior losses, combined with expected future losses, have had and will continue to have, for the foreseeable future, an adverse effect on our stockholders’ equity and working capital. If our revenue grows more slowly than we anticipate, or if our operating expenses are higher than we expect, we may not be able to achieve profitability and our financial condition could suffer. Even if we achieve profitability in the future, we may not be able to sustain profitability in subsequent periods.

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Is there any public charging network (that's responsible for providing the electricity, unlike Chargepoint) that is profitable? eVgo hasn't been, and NRG sold it. Any other candidates?

Yep, as I've pointed out in other threads, their financials are disaster.

If you look at http://insideevs.com/wp-content/uploads/2016/07/111-22.png, their total revenues for 2015 were $3.957 million. But to generate that, their total operating expenses were $12.415 million. $8.2 million of that was compensation (e.g. salary). Seems like they have way too many people or are paying people too much given their puny revenues.

So, to generate that $3.957 million, they lost (spent more than they took in) somewhere between $8.2 million and $9.584 million.

Awhile ago, they got a $200K loan from Farkas Group (https://www.morningstar.com/news/marketwired/MWR_urn:newsml:marketwired.com:20020408:1266085_US/carcharging-receives-financing-from-farkas-group-inc.html).. CarCharging's Executive Chairman is Michael D. Farkas and he previously was CEO.