lime energy co (LIME) Key Developments
Lime Energy Co. Secures $6.0 million Credit Facility from Heritage Bank of Commerce
Jul 30 15
On July 24, 2015, Lime Energy Co. entered into a loan and security agreement with Heritage Bank of Commerce whereby the bank agreed to make available to the company a secured credit facility consisting of a $6.0 million revolving line of credit which the company may draw upon from time to time, subject to the calculation and limitation of a borrowing base, for working capital and other general corporate purposes. The line of credit, which matures on July 24, 2017, bears variable interest at the prime rate plus 1.00% and is collateralized by certain assets of the company and its subsidiaries including their respective accounts receivable, certain deposit and investment accounts, and intellectual property. As additional incentive to the bank to enter into the credit facility and make available to the company funds there under, the company has issued to the Bank a warrant to purchase shares of the company's common stock up to $60,000 in the aggregate.
Lime Energy Announces Relocation of Headquarter from North Carolina to New Jersey
Jun 23 15
Lime Energy announced that it is moving its corporate headquarters from Huntersville, North Carolina to Newark, New Jersey.
Lime Energy Co. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014
May 18 15
Lime Energy Co. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company announced revenue of $18,299,000 compared to $12,280,000 a year ago. Operating loss was $1,032,000 compared to $1,181,000 a year ago. Loss from continuing operations was $2,036,000 compared to $1,165,000 a year ago. Basic and diluted loss per common share from continuing operations $0.24 compared to $0.71 a year ago. Net loss was $2,099,000 or $0.25 per basic and diluted share compared to $1,168,000 or $0.25 per basic and diluted share a year ago. Adjusted LBITDA was $2,019,000 compared to $867,000 a year ago. LBITDA was $3,112,000 compared to $996,000 a year ago.
Lime Energy Co. announced delayed 10-Q filing
May 15 15
On 05/15/2015, Lime Energy Co. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
Lime Energy Co. to Report Q1, 2015 Results on May 18, 2015
May 7 15
Lime Energy Co. announced that they will report Q1, 2015 results at 4:30 PM, US Eastern Standard Time on May 18, 2015