EnerNOC, Inc. (NASDAQ:ENOC) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.17%.
EnerNOC, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.88 in the quarter versus EPS of $-1.06 in the year-earlier quarter.
Revenue: Rose 34.36% to $32.85 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: EnerNOC, Inc. reported adjusted EPS loss of $0.88 per share. By that measure, the company beat the mean analyst estimate of $-1.09. It beat the average revenue estimate of $31.13 million.
Quoting Management: “In Q1 2013, we grew our year-over-year revenue by approximately 35%, continued to generate strong cash flow from operations, and released several new products and features that helped us secure new demand response opportunities and win approximately 100 new EfficiencySMART and SupplySMART contracts during the quarter,” said Tim Healy, Chairman and CEO of EnerNOC. “In addition, we continued to bolster our leadership ranks with proven technology veterans and make investments that will help propel EnerNOC’s next phase of growth. For the current year, we are reiterating our annual guidance for revenue of $360 million to $400 million, earnings per share of $0.60 to $0.85, and adjusted EBITDA of $62 million to $77 million.”
Key Stats (on next page)…