This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Echelon's CEO Discusses Q3 2011 Results - Earnings Call Transcript

Echelon (ELON)

Q3 2011 Earnings Call

November 03, 2011 5:00 pm ET

Executives

Oliver R. Stanfield - Chief Financial Officer, Principal Accounting Officer and Executive Vice President of Finance

Ronald A. Sege - Chairman, Chief Executive Officer, President and Member of Stock Option Committee

Annie Leschin - IR

Analysts

Benjamin Schuman - Pacific Crest Securities, Inc., Research Division

Craig E. Irwin - Wedbush Securities Inc., Research Division

Sean K.F. Hannan - Needham & Company, LLC, Research Division

Mark Sigal - Canaccord Genuity, Research Division

Dale Pfau - Cantor Fitzgerald & Co., Research Division

Patrick Sullivan

Joseph A. Maxa - Dougherty & Company LLC, Research Division

Colin W. Rusch - ThinkEquity LLC, Research Division

Elaine Kwei - Jefferies & Company, Inc., Research Division

Christopher M. Kovacs - Robert W. Baird & Co. Incorporated, Research Division

Presentation

Operator

Good afternoon, ladies and gentlemen, and welcome to the Echelon Third Quarter 2011 Earnings Conference Call. [Operator Instructions] As a reminder, this call is being recorded for replay purposes. And I would now like to hand the call over to your host for today, Ms. Annie Leschin, Investor Relations. Please proceed.

Annie Leschin

Thank you, Operator. Hello, everyone, and thank you for joining us this afternoon for our third quarter 2011 earnings conference call. With me on today's call are Ron Sege, Chairman and Chief Executive Officer; and Chris Stanfield, Executive Vice President and CFO. Both of whom will present prepared remarks. By now, you should have received a copy of the press release that we issued a short time ago. If you would like a copy, please visit our website at www.echelon.com. Additionally, this quarter, we're going to refer to a set of slides that we have posted on the IR section of our website to help walk-through the quarterly results and outlook for our markets. Before we begin, I'd like to let everyone know that in the quarter, Echelon will be participating in NASDAQ OMX and Tech America Conference on November 7 in San Diego, The Stephens Fall Investment Conference on November 15 in New York, The Raymond James Fall Investor Conference on November 17 in Boston, The Baird Clean Tech Conference on November 30 in San Francisco and the Goldman Sachs Clean Energy and Power Conference on December 8 and 9 in New York City. If additional events are scheduled, we'll make other announcements. Now, I'd like to remind everyone that during the course of this call, we may make statements related to our business outlook, future financial and operating results, accounting matters and overall future prospects. These forward-looking statements are based on certain assumptions and are subject to a number of risks and uncertainties. We encourage you to read the risks described in our press release as well as in our SEC reports, including our report on Form 10-K and subsequent reports on Form 10-Q for a more complete disclosure of the risks and uncertainties related to our business. The financial information presented in this call reflects estimates based on information that is available to us at this time. Actual results could differ materially. Echelon undertakes no obligation to update or revise these forward-looking statements. And guidance will not be updated after today's call until our next scheduled quarterly financial release.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs