Technically, the stock had been one of the last holdouts in this recent selloff, only breaking the 50 day moving average a week ago Thursday on that -3% day. Yesterday the stock was up 4-5% and in after hours the stock gave all those gains right back once the earnings release posted.
Full report here:
- Revenues for the fourth quarter of 2009 were $26.7 million, compared to $19.7 million for the same period in 2008, an increase of $7.1 million, or 36%. (analysts were in at median $24.7M)
- Revenues for the year ended December 31, 2009 were $190.7 million, compared to $106.1 million for the year ended December 31, 2008, an increase of $84.6 million, or 80%
- Gross profit for the fourth quarter of 2009 was $8.8 million, compared to $7.6 million for the same period in 2008, an increase of $1.2 million, or 15%.
- Gross profit for the year ended December 31, 2009 was $86.5 million, compared to $41.3 million for the year ended December 31, 2008, an increase of $45.2 million, or 109%.
- Gross margin was 32.7% for the fourth quarter of 2009 and 45.3% for the year ended December 31, 2009, compared to 38.6% and 38.9%, respectively, for the same periods in 2008.
- Excluding stock-based compensation charges and amortization of expenses related to acquisition-related assets, non-GAAP net loss for the fourth quarter of 2009 was $11.9 million, or $0.50 per basic and diluted share, compared to a non-GAAP net loss of $9.0 million, or $0.45 per basic and diluted share, for the same period in 2008.
- Increasing its demand response megawatts under management by 73% to over 3,550 as of December 31, 2009, up from over 2,050 as of December 31, 2008.
- Increasing the number of commercial, institutional, and industrial (C&I) customers in its demand response network to approximately 2,800 and sites to approximately 6,500 as of December 31, 2009, up from 1,650 customers and 4,000 sites as of December 31, 2008.
Outlook for Q1 2010, and Full Year
- Q1 Rev: $24-$26M (analysts median $28.4M)
- Q1 Non GAAP EPS: -$.50 to -$.56 (not comparable to analysts median)
- FY 2010 Rev: $255-$268M (analysts median $258M)
- FY 2010 Non GAAP EPS: $0.94 to $1.04 (not comparable to analysts median)
EnerNOC, Inc. is a leading provider of clean and intelligent energy solutions, which include demand response, energy efficiency, energy procurement, and emissions tracking and trading services. These solutions help optimize the balance of electric supply and demand, provide cost-effective alternatives to traditional power generation, transmission, and distribution infrastructure, and drive significant cost-savings for end-use customers.
[Nov 23, 2009: Bookkeeping - Beginning Stake in Smart Grid Company EnerNOC]
Long EnerNOC in fund; no personal position