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Enernoc Reports Results For Third Quarter Of 2015

The following excerpt is from the company's SEC filing.

Boston, November 5, 2015

EnerNOC, Inc. (Nasdaq: ENOC), a leading provider of energy intelligence software (EIS), today announced results for the third quarter ended September 30, 2015.

Transformation continued to be the main theme during the third quarter, said Tim Healy, Chairman and CEO of EnerNOC. New customer successes, key account expansions, and growing market interest in our EIS solutions underscored the progress we are making with our strategy. The challenging grid operator markets that weighed on our financial results did not impact our EIS momentum and we remain at the forefront of th is exciting new enterprise software category.

Summary Financial Results

In Thousands, Except Per Share Amounts

Q3 2015

Q3 2014

9M 2015

9M 2014






Net Income (Loss)










Net Income (Loss) Per Basic Share

Net Income (Loss) Per Diluted Share

Cash Flow Provided by (Used in) Operations




Free Cash Flow



Adjusted EBITDA




Refer 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.

Recent Highlights

The Company signed a multi-year software contract with UK energy retailer SmartestEnergy. SmartestEnergy will leverage the Companys software to launch new products for its business customers.

The Company formed a strategic partnership with EnTouch Controls expanding the reach of its EIS to businesses that have large numbers of small footprint outlets.

The Company grew its South Korean grid operator portfolio to over 700 megawatts of demand response resources and signed an agreement with S1 Corporation, a group company of Samsung, who will act as a channel partner for its demand response products.

Company Issues Fourth Quarter Guidance and Updated Full Year Guidance

The Company today issued guidance for the fourth quarter of 2015 and updated its previously issued guidance for the full year. The Companys guidance is based on current trends and managements current expectations for the Companys business, which may change at any time.

Guidance for Quarter Ending

December 31, 2015

Total Revenue (in millions)


GAAP Net Loss Per Diluted Share


Non-GAAP Net Loss Per Diluted Share



Guidance for Year Ending

December 31, 2015

Issued on August 6,

Issued on November 5,



Grid Operator Revenue



Utility Revenue


Enterprise Revenue








Company to Host Live Conference Call and Webcast

The Companys management team plans to host a live conference call and webcast at 9:00 a.m. eastern time today to discuss financial results and managements outlook for the business. The conference call may be accessed in the United States by dialing (800) 230-1766 (domestic) or (612) 288-0337 (international) and using access code ENOC. The conference call will be simultaneously webcast on the Companys investor relations website, which can be accessed at

. A replay of the conference call will be available approximately two hours after the call by dialing (800) 475-6701 or (320) 365-3844 and using access code 371495, or by accessing the webcast replay on the Companys investor relations website.

About EnerNOC

EnerNOC is a leading provider of cloud-based energy intelligence software (EIS) and services to thousands of enterprise customers and utilities globally. EnerNOCs EIS solutions for enterprise customers improve energy productivity by optimizing how they buy, how much they use, and when they use energy. EIS for enterprise includes budgeting and procurement, utility bill management, facility optimization, visibility and reporting, project tracking, demand management, and demand response. EnerNOCs EIS solutions for utilities help maximize customer engagement and the value of demand-side resources, including demand response and energy efficiency. EnerNOC supports customer success with its world-class professional services team and a Network Operations Center (NOC) staffed 24x7x365. For more information, visit

EnerNOC, Inc. Safe Harbor Statement

Statements in this press release regarding managements future expectations, beliefs, intentions, goals, strategies, plans or prospects, including, without limitation, statements relating to the Companys future financial performance on both a GAAP and non-GAAP basis and the future growth and success of the Companys energy intelligence software and related solutions, 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 EnerNOCs most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as...