Echelon Corp (ELON.O) Key Developments | Reuters.com
Edition:
United States

Echelon Corp (ELON.O)

ELON.O on Nasdaq

4.88USD
24 Jun 2016
Change (% chg)

$0.01 (+0.21%)
Prev Close
$4.87
Open
$4.78
Day's High
$4.90
Day's Low
$4.75
Volume
79,477
Avg. Vol
11,000
52-wk High
$9.16
52-wk Low
$4.41

Latest Key Developments (Source: Significant Developments)

Echelon Corp gives Q2 2016 outlook
Thursday, 5 May 2016 04:05pm EDT 

Echelon Corp:Sees Q2 2016 Total revenues are expected to be $7.5 million to $7.9 million.Sees Q2 2016 Non-GAAP gross margin is expected to be in a range of 55% to 57%.Sees Q2 2016 Operating expenses are expected to be in a range of $5.6 million to $5.9 million.Sees Q2 2016 Non-GAAP loss per share is expected to be between $0.26 and $0.40.Sees Q2 2016 GAAP loss per share is expected to be between $0.31 and $0.46 per share.  Full Article

Echelon Corp gives Q3 2015 outlook; EPS outlook above analysts' estimates
Thursday, 6 Aug 2015 04:05pm EDT 

Echelon Corp:Expects Q3 2015 total revenues to be $9.5 million to $10.3 million.Expects Q3 2015 Non-GAAP loss per share to be between $0.02 to $0.04.Expects Q3 2015 GAAP loss per share is expected to be between $0.03 to $0.05.Q3 2015 revenue of $9.5 mln and EPS of ($0.06) - Thomson Reuters I/B/E/S.  Full Article

Echelon Corp gives Q2 2015 guidance in line with analysts' estimates
Monday, 11 May 2015 04:05pm EDT 

Echelon Corp:Expects Q2 2015 total revenues are expected to be $8.5 million to $9.5 million.Expects Q2 2015 non-GAAP loss per share is expected to be between $0.05 to $0.08.Expects Q2 2015 GAAP loss per share is expected to be between $0.07 to $0.10.Q2 2015 revenue of $9.5 mln and EPS of ($0.06) - Thomson Reuters I/B/E/S.  Full Article

Echelon Corp appoints Mike Marszewski as Chief Financial Officer
Friday, 10 Apr 2015 09:05am EDT 

Echelon Corp:Says appointment of Mike Marszewski to the position of vice president and chief financial officer, effective April 24.Marszewski will succeed William Slakey, Echelon's executive vice president and chief financial officer, who is leaving to take a position with another company.  Full Article

Echelon Corp gives Q1 2015 guidance in line with analysts' estimates
Tuesday, 10 Feb 2015 04:05pm EST 

Echelon Corp:Expects Q1 2015 total revenues to be $8.6 million to $9.6 million.Expects Q1 2015 non-GAAP loss per share (EPS) to be between $0.04 to $0.07.Expects Q1 2015 GAAP loss per share to be between $0.06 to $0.09.Q1 2015 revenue of $9.4 million and EPS of ($0.06) - Thomson Reuters I/B/E/S.  Full Article

Echelon gives Q4 2014 guidance below analysts' estimates
Thursday, 6 Nov 2014 04:09pm EST 

Echelon Corp:Expects Q4 2014 revenue to be $8.75 million to $9.75 million.Expects Q4 2014 Non-GAAP loss per share to be between $0.04 to $0.08.Expects Q4 2014 GAAP loss per share is expected to be between $0.06 to $0.10.Q4 2014 revenue of $14 mln and EPS of $(0.09) - Thomson Reuters I/B/E/S.  Full Article

Echelon Corp completes sale of grid division
Wednesday, 1 Oct 2014 09:00am EDT 

Echelon Corp:Completes the sale of its grid operations to S&T AG, a publicly traded European IT systems provider with an existing focus on smart energy products and services.The transaction closed on Sept. 30, 2014, with cash proceeds from the sale of about $4.9 million.  Full Article

Echelon signs definitive agreement with S&T AG to purchase its grid operations
Friday, 22 Aug 2014 03:50am EDT 

Echelon Corp:Signs definitive agreement to sell its Grid operations to S&T AG.Closing is conditioned upon regulatory approvals.Companies expect the deal to close by the end of the year.Under the terms of the agreement, Echelon will receive about $5 mln in upfront consideration.  Full Article

Echelon Corp acquires Lumewave Inc
Tuesday, 19 Aug 2014 08:00am EDT 

Echelon Corp:Acquires Lumewave Inc., a wireless outdoor lighting control system provider with a strong track record selling its solution to U.S. municipalities, universities, medical facilities and enterprises.Terms of the transaction were not disclosed.  Full Article

Echelon Corp gives Q3 2014 revenue guidance below analysts' estimates
Wednesday, 6 Aug 2014 04:05pm EDT 

Echelon Corp:Expects Q3 2014 total revenues to be $13.5 mln to $15.0 mln, with about 65 pct. coming from the IIoT.Q3 2014 revenue of $17.6 mln - Thomson Reuters I/B/E/S.  Full Article

BRIEF-Echelon Q1 revenue $8.6 million

* Sees q2 2016 revenue $7.5 million to $7.9 million Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)