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Last $0.56 USD
Change Today +0.018 / 3.32%
Volume 59.0K
ELON On Other Exchanges
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As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

echelon corp (ELON) Key Developments

Echelon and APANET Green System Join Forces to Install 7,200 Open System-Based Networked LED Streetlights in Bydgoszcz, Poland

Echelon Corporation and APANET Green System were awarded a comprehensive smart lighting and energy reduction project for the city streetlights of Bydgoszcz, Poland. The eco-friendly retrofit will outfit 7,200 streetlights spread across approximately 400 streets utilizing a sophisticated multivendor networked lighting control solution. The project will utilize the Apanet Smart Lighting Controllers, powered by Echelon communications, and the Lumewave by Echelon smart server solution to deliver unrealized value for lighting installation including enhancing safety, reducing maintenance and energy costs as well as improving asset utilization. ENERGA Oswietlenie Ltd. is managing the system installation to be completed by the end of August 2015.

Echelon Exploring Strategic Alternatives

Echelon Corporation (NasdaqGS:ELON) remain focused on executing strategic and operational initiatives that benefit customers and partners. Echelon has not set a definitive timetable for completing its evaluation. The Board of Director's is exploring strategic alternatives. But there is no assurance will result in the entering or consummation of any transaction. Echelon does not intend to discuss or disclose developments with respect to this process.

Echelon Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015

Echelon Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $9,363,000 against $8,981,000 a year ago. Loss from continuing operations was $4,516,000 against $2,817,000 a year ago. Loss from continuing operations before provision for income taxes was $5,102,000 against $3,166,000 a year ago. Net loss from continuing operations attributable to Echelon Corporation stockholders was $5,163,000 or $0.12 basic and diluted per share against $3,272,000 or $0.08 basic and diluted per share a year ago. Net loss attributable to Echelon Corporation stockholders was $5,163,000 or $0.12 basic and diluted per share against $8,612,000 or $0.20 basic and diluted per share a year ago. Non-GAAP net loss was $2,030,000 or $0.05 diluted per share against $3,131,000 or $0.07 diluted per share a year ago. For the six months, the company reported revenues of $19,231,000 against $19,905,000 a year ago. Loss from continuing operations was $6,513,000 against $5,125,000 a year ago. Loss from continuing operations before provision for income taxes was $6,513,000 against $5,751,000 a year ago. Net loss from continuing operations attributable to Echelon Corporation stockholders was $6,587,000 or $0.15 basic and diluted per share against $5,832,000 or $0.13 basic and diluted per share a year ago. Net loss attributable to Echelon Corporation stockholders was $6,587,000 or $0.15 basic and diluted per share against $12,585,000 or $0.29 basic and diluted per share a year ago. Non-GAAP net loss was $3,297,000 or $0.07 diluted per share against $5,006,000 or $0.12 diluted per share a year ago. Net cash used in operating activities was $4,219,000 against $4,688,000 a year ago. Capital expenditures were $16,000 against $400,000 a year ago. The company provided earnings guidance for the third quarter of 2015. For the quarter, the company’s total revenues are expected to be $9.5 million to $10.3 million, non-GAAP gross margin is expected to be in a range of 58% to 59% of revenue, operating expenses are expected to be in a range of $6.9 million to $7.2 million, non-GAAP loss per share is expected to be between $0.02 to $0.04, based on 44.1 million fully diluted weighted average shares outstanding and GAAP loss per share is expected to be between $0.03 to $0.05.

Echelon Corporation to Report Q2, 2015 Results on Aug 06, 2015

Echelon Corporation announced that they will report Q2, 2015 results at 4:30 PM, US Eastern Standard Time on Aug 06, 2015

Echelon Corporation, Q2 2015 Earnings Call, Aug 06, 2015

Echelon Corporation, Q2 2015 Earnings Call, Aug 06, 2015

 

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