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Last $9.03 USD
Change Today +0.16 / 1.80%
Volume 335.5K
OPWR On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 2:43 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

opower inc (OPWR) Snapshot

Open
$8.87
Previous Close
$8.87
Day High
$9.15
Day Low
$8.70
52 Week High
09/19/14 - $19.36
52 Week Low
08/24/15 - $7.85
Market Cap
464.7M
Average Volume 10 Days
262.8K
EPS TTM
$-0.87
Shares Outstanding
51.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for OPOWER INC (OPWR)

opower inc (OPWR) Related Businessweek News

No Related Businessweek News Found

opower inc (OPWR) Details

Opower, Inc. provides cloud-based software to the utility industry in the United States. Its software analyzes energy data and presents personalized insights to consumers in order to motivate reductions in energy consumption. The company offers energy efficiency solutions comprising energy reports under the utility’s brand; and smart meter-enabled alerts and emails that include smart meter data, which allows it to provide more frequent outreach and alerts based on customer usage patterns through email or text. It also provides demand response solutions that enable utilities, which have installed smart meters to engage their residential customer base in demand response programs, including peak day alerts through text message, automated call, and email to notify customers of days when electricity costs are high and encourage them to save energy; and peak day feedback reports to energy consumers following demand response events and provide detailed information about how a customer performed on a peak usage day. In addition, the company offers digital engagement solutions, such as Opower Web, a Web application for customer-facing Web site; and customer service representatives solution that allows customer service representatives to create online accounts, enroll customers to receive energy alerts through their preferred communication medium, update customer profiles, and provide energy management advice; and rates engine, which helps utilities analyze cost data for energy consumers and adopt time-of-use rates. Further, it offers customer care solution for reducing cost-to-serve and increasing customer satisfaction when utility customers receive a high bill, which consists of high bill alerts; eBill notifications, and billing advisor. The company markets and sells its products and solutions to regulated and unregulated utilities. Opower, Inc. was founded in 2007 and is headquartered in Arlington, Virginia.

588 Employees
Last Reported Date: 08/13/15
Founded in 2007

opower inc (OPWR) Top Compensated Officers

Co-Founder, Chairman and Chief Executive Offi...
Total Annual Compensation: $250.0K
Co-Founder, President and Director
Total Annual Compensation: $244.2K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $312.5K
Senior Vice President of Worldwide Sales
Total Annual Compensation: $240.0K
Compensation as of Fiscal Year 2014.

opower inc (OPWR) Key Developments

Opower Opens New Office in San Francisco

Opower announced the opening of a new office in San Francisco to accommodate the company’s significant growth and to focus on hiring top talent in the Bay Area. Opower first opened its San Francisco office in May 2012. Since then, the company’s staff in the Bay Area has grown by nearly 150% and includes significant numbers of the company’s engineering, product development and client success teams. The new SoMa office is 34,000 square feet, about 10,000 square feet larger than the company’s previous San Francisco location. The building is certified LEED Platinum - despite the fact that the original building was built in 1964.

Opower, Inc. Announces Resignation of Harry Weller from the Board Effective August 12, 2015

Effective as of August 12, 2015, Harry Weller has submitted his resignation as a member of the Board of Directors of Opower, Inc. and the Board's Audit Committee and Nominating and Corporate Governance Committee. There is no disagreement with Mr. Weller on any matter relating to the company's operations, policies or practices.

OPOWER, Inc. 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, Fiscal Year 2015, Fiscal Year 2016 and 2017

OPOWER, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of $35,787,000 against $31,247,000 a year ago. Operating loss was $12,120,000 against $14,656,000 a year ago. Loss before income taxes was $11,969,000 against $14,833,000 a year ago. Net loss was $12,025,000 or $0.24 basic and diluted per share against $14,805,000 or $0.32 basic and diluted per share a year ago. Adjusted negative EBITDA was $3,475,000 against $3,738,000 a year ago. Non-GAAP operating loss was $6,121,000 against $5,380,000 a year ago. Non-GAAP net loss was $6,026,000 or $0.12 per share against $5,529,000 or $0.12 per share a year ago. For the six months, the company reported revenue of $69,208,000 against $59,820,000 a year ago. Operating loss was $22,002,000 against $21,989,000 a year ago. Loss before income taxes was $22,888,000 against $21,769,000 a year ago. Net loss was $22,999,000 or $0.45 basic and diluted per share against $21,785,000 or $0.64 basic and diluted per share a year ago. Net cash provided by operating activities was $1,429,000 against $1,020,000 a year ago. Additions to property and equipment were $4,319,000 against $5,011,000 a year ago. Adjusted negative EBITDA was $5,833,000 against $8,062,000 a year ago. Non-GAAP operating loss was $10,999,000 against $11,051,000 a year ago. Non-GAAP net loss was $11,996,000 or $0.24 per share against $10,847,000 or $0.24 per share a year ago. The company provided earnings guidance for the third quarter and full year of 2015. For the quarter, the company expects total revenue to be in the range of $37.9 million to $38.5 million and adjusted negative EBITDA is to be in the range of $4.6 million to $4.0 million. The company’s non-GAAP net loss expected to be in the range of $7.6 million or $0.15 per share to $7.0 million or $0.13 per share. The company’s adjusted EBITDA guidance excludes approximately $7.2 million in stock-based compensation expenses and $2.9 million in depreciation and amortization. For the full year 2015, the company expects total revenue is expected to be in the range of $144.0 million to $149.0 million. The company’s performance in the first half of the year increases the company’s confidence that it can hit the middle of this range with some upside. The middle of the range represents 14% growth compared to the full year 2014. Adjusted negative EBITDA is expected to be in the range of $20.0 million to $16.0 million. This excludes approximately $26.5 million of stock-based compensation expense and $11.4 million of depreciation and amortization. The company’s non-GAAP net loss expected to be in the range of $32.0 million or $0.62 per share to $27.5 million or $0.53 per share. Looking ahead to 2016, the company expects increased operating leverage due to its NextWeb platform migration as revenue accelerates while R&D expense remains relatively constant. This is due to the increased productivity of the company's engineers building on top of this advanced platform. The company remains on track to reach profitability in 2017. The company expects services to account for no more than 15% of revenue over the next few years.

 

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OPWR

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Valuation OPWR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.3x
Price/Book 5.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 2.4x
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