This Day On The Street
Continue to site
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

EnerNOC Reports Record Results For Third Quarter Of 2013

– Company Posts Record Revenue of $278.5 Million, Up 56% Year-Over-Year –

– Company Posts Record Adjusted EBITDA of $123.2 Million, Up 78% Year-Over-Year –

– Company Raises Midpoint of Guidance for Revenue, Adjusted EBITDA and Earnings –

BOSTON, Nov. 7, 2013 (GLOBE NEWSWIRE) --EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software, today announced record results for the third quarter of 2013 and raised the midpoint of its full year guidance.

Summary Financial Results

In Thousands, Except Per Share Amounts Q3 2013 Q3 2012 % Change Q3 YTD Q3 YTD % Change
        2013 2012  
Revenue $278,473 $177,947 56.5% $347,476 $235,670 47.4%
Net Income            
 GAAP $106,857 $60,348 77.1% $41,969 $3,499 1,099.5%
 Non-GAAP 1 $112,381 $65,497 71.6% $59,061 $18,955 211.6%
Diluted Net Income Per Share            
 GAAP $3.70 $2.21 67.4% $1.47 $0.13 1,030.8%
 Non-GAAP 1 $3.90 $2.40 62.5% $2.06 $0.70 194.3%
Cash Flow From Operations $21,295 $8,625 146.9% $33,459 $12,866 160.1%
Free Cash Flow 1 $15,556 $6,007 159.0% $534 $1,114 (52.1%)
Adjusted EBITDA 1 $123,235 $69,080 78.4% $82,341 $32,345 154.6%
1Refer to "Statement of Use of Non-GAAP Measures" for non-GAAP definitions and refer to the financial schedules attached to this press release for a reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures.

"We are excited to be reporting record third quarter results highlighted by strong growth in both revenues and earnings," said Tim Healy, Chairman and Chief Executive Officer of EnerNOC, Inc. "Based on the overall strength of the business and the confidence we have in our outlook, we are pleased to be raising the midpoint of our full year guidance. We are focused on delivering the best year in the Company's history and extending our leadership position in the rapidly growing market for energy intelligence software and solutions."

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
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 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs