Additional information concerning these factors is contained in EnerNOC's filings with the SEC, including our Annual Report on Form 10-K and quarterly reports on Form 10-Q, available at www.sec.gov. The forward-looking statements included in this call represent the Company's views on August 07, 2012. EnerNOC disclaims any obligation to update these statements to reflect future events or circumstances.
During this call, we will refer to non-GAAP financial measures, including non-GAAP net loss per share, non-GAAP earnings per share, free cash flow and adjusted EBITDA. These financial measures are non-GAAP financial measures that are not prepared in accordance with generally accepted accounting principles. A definition of reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measure is available in the press release announcing our second quarter financial results. The press release is available on the Investors section and on our website at www.enernoc.com.
And with that, I will now turn the call over to Tim Healy.
Tim HealyThanks, Jen, and thank you to everyone for joining us this afternoon on our second quarter 2012 conference call. In today’s prepared remarks, I’ll spend a few minutes discussing our second quarter performance and how we believe it positions us to maximize customer and shareholder value in 2012 and beyond. David Brewster will then provide color on our current and emerging market opportunities and some important regulatory developments. Finally, Kevin Bligh will discuss our Q2 financial results and provide an overview of a number of key business metrics in details on our updated financial outlook including our increased guidance for 2012 and 2013.First, visibility of our top line growth increased during the quarter. In PJM’s recent base residual auction for the 2015, 2016 delivery year, we were successful in strengthening our leadership position in the mid-Atlantic by securing more than $300 million in expected future revenue. To put that into perspective, our expected PJM revenue for the 2015, 2016 delivery year is more than the total amount of revenue that EnerNOC expect to recognize this year across all of our products and markets combined.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV