EnerNOC to Announce Fourth Quarter and Year End 2011 Financial Results on February 27, 2012
Company Discloses Preliminary 2011 Revenues and GAAP Net Loss per Share; Revises Financial Outlook for 2012 and 2013
(firmenpresse) - BOSTON, MA -- (Marketwire) -- 02/21/12 -- (NASDAQ: ENOC), a leading provider of energy management
applications and services for the smart grid, announced today that it will
release its financial results for the fourth quarter and fiscal year ended
December 31, 2011 after market close on Monday, February 27, 2012. The
Company will host a conference call at 5:00 p.m. Eastern Time that same day
to discuss its financial results, as well as the Company's revised
financial outlook for 2012 and 2013 as described below. A recorded version
of the webcast will be available shortly after the live call.
The details of the conference call webcast and replay are as follows:
What: EnerNOC Fourth Quarter and Year End 2011 Conference Call
When: Monday, February 27, 2012
Time: 5:00 p.m. Eastern Time
Live Call: (877) 837-3911, domestic
(973) 796-5063, international
Replay: (855) 859-2056, passcode 55271642, domestic
(404) 537-3406, passcode 55271642, international
Webcast: (live and replay)
The webcast will be archived on EnerNOC's website for a period of three
months.
The Company currently expects to deliver the following financial results
for the year ended December 31, 2011:
The Company expects full year 2011 revenues to be between $285 million and
$286 million. The Company expects a GAAP net loss per share of between
$0.51 and $0.54 based on basic and diluted weighted average shares
outstanding of 25.8 million. The Company expects Adjusted EBITDA* to be
between $25 million and $26 million.
The expected EPS loss for 2011 includes $0.07 per share of incremental
expense, previously expected to be incurred in 2012, related to termination
of a financial-assurance agreement with a credit partner.
The Company has elected to revise its full year 2012 and full year 2013
financial outlook to include the potential impacts of the proposed rule
changes in PJM's capacity market, as well as other factors. The Company
currently expects to deliver the following financial results for the years
ending December 31, 2012 and 2013:
2012 revenue of between $240 million and $280 million
2012 GAAP net loss of between $1.00 and $1.60 per basic and diluted
share
2012 Adjusted EBITDA of between $0 million and $20 million
2013 revenue of between $350 million and $400 million
2013 GAAP net earnings in the range of a net loss of $0.25 per basic
and diluted share and a gain of $0.50 per diluted share
2013 Adjusted EBITDA of between $35 million and $60 million
The full year 2012 and 2013 guidance set forth above supersedes all
financial guidance previously issued by the Company with respect to 2012
and 2013.
(*Please refer to the section below titled "Use of Non-GAAP Financial
Measures" for non-GAAP definitions.)
These statements are forward-looking and actual results may differ
materially. These statements are based on information available as of
February 21, 2012, and the Company assumes no obligation to publicly update
or revise its financial outlook. Investors are reminded that actual results
may differ from these estimates for the reasons described below and in the
Company's filings with the Securities and Exchange Commission.
EnerNOC unlocks the full value of energy management for our utility and
commercial, institutional, and industrial (C&I) customers by reducing
real-time demand for electricity, increasing energy efficiency, improving
energy supply transparency in competitive markets, and mitigating
emissions. We accomplish this by delivering world-class energy management
applications including DemandSMART™, comprehensive demand response;
EfficiencySMART™, data-driven energy efficiency; SupplySMART™, energy
price and risk management; and CarbonSMART™, enterprise carbon
management. Our Network Operations Center (NOC) continuously supports these
applications across thousands of C&I customer sites throughout the world.
Working with more than 100 utilities and grid operators globally, we
deliver energy, ancillary services, and carbon mitigation resources that
provide cost-effective alternatives to investments in traditional power
generation, transmission, and distribution. For more information, visit
.
Statements in this press release regarding management's future
expectations, beliefs, intentions, goals, strategies, plans or prospects,
including, without limitation, statements relating to the Company's future
financial performance on both a GAAP and non-GAAP basis, may constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 and other federal securities laws.
Forward-looking statements can be identified by terminology such as
"anticipate," "believe," "could," "could increase the likelihood,"
"estimate," "expect," "intend," "is planned," "may," "should," "will,"
"will enable," "would be expected," "look forward," "may provide," "would"
or similar terms, variations of such terms or the negative of those terms.
Such
forward-looking statements involve known and unknown risks, uncertainties
and other factors including those risks, uncertainties and factors referred
to under the section "Risk Factors" in EnerNOC's most recent Annual Report
on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as well as
other documents that may be filed by EnerNOC from time to time with the
Securities and Exchange Commission. As a result of such risks,
uncertainties and factors, the Company's actual results may differ
materially from any future results, performance or achievements discussed
in or implied by the forward-looking statements contained herein. EnerNOC
is providing the information in this press release as of this date and
assumes no obligations to update the information included in this press
release or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
To supplement the financial measures presented in this press release in
accordance with accounting principles generally accepted in the United
States ("GAAP"), EnerNOC also presents a non-GAAP financial measure
relating to adjusted EBITDA.
A "non-GAAP financial measure" refers to a numerical measure of the
Company's historical or future financial performance, financial position,
or cash flows that excludes (or includes) amounts that are included in (or
excluded from) the most directly comparable measure calculated and
presented in accordance with GAAP in the Company's financial statements.
EnerNOC provides the non-GAAP measure listed above as additional
information relating to EnerNOC's operating results as a complement to
results provided in accordance with GAAP. The non-GAAP financial
information presented here should be considered in conjunction with, and
not as a substitute for or superior to, the financial information presented
in accordance with GAAP and should not be considered measures of the
Company's liquidity. There are significant limitations associated with the
use of non-GAAP financial measures. Further, these measures may differ from
the non-GAAP information, even where similarly titled, used by other
companies and therefore should not be used to compare the Company's
performance to that of other companies.
The non-GAAP measure used in this press release differ from GAAP in that
they exclude expenses related to stock-based compensation, amortization
expense related to acquisition-related intangible assets, as well as in
certain measures, the related impact of these adjustments on the provision
for income taxes. In addition, investors should note the following:
EnerNOC defines "Adjusted EBITDA" as net income (loss), excluding
depreciation, amortization, stock-based compensation, interest, income
taxes and other income (expense). Adjusted EBITDA eliminates items that are
either not part of the Company's core operations or do not require a cash
outlay, such as stock-based compensation. Adjusted EBITDA also excludes
depreciation and amortization expense, which is based on the Company's
estimate of the useful life of tangible and intangible assets. These
estimates could vary from actual performance of the asset, are based on
historic cost incurred to build out the Company's deployed network, and may
not be indicative of current or future capital expenditures.
EnerNOC's management uses this non-GAAP measure when evaluating the
Company's operating performance and for internal planning and forecasting
purposes. EnerNOC's management believes that such measures help indicate
underlying trends in the Company's business, are important in comparing
current results with prior period results, and are useful to investors and
financial analysts in assessing the Company's operating performance. For
example, EnerNOC's management considers adjusted EBITDA to be an important
indicator of the Company's operational strength and performance of its
business and a good measure of the Company's historical operating trend.
Contact:
Media Relations:
Sarah McAuley
(617) 532.8195
Investor Relations:
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Unternehmensinformation / Kurzprofil:
Datum: 21.02.2012 - 17:28 Uhr
Sprache: Deutsch
News-ID 116859
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contact information:
Town:
BOSTON, MA
Kategorie:
Software
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