Key Developments: Echelon Corp (ELON.O)
2.49USD
22 May 2013
$-0.05 (-1.97%)
$2.54
$2.54
$2.70
$2.45
251,048
157,632
$4.19
$2.07
Latest Key Developments (Source: Significant Developments)
Echelon Corp Issues Q2 2013 Guidance In Line With Analysts' Estimates
Echelon Corp announced that for the second quarter of 2013, it expects total revenues are expected to be between $22.5 million and $25.5 million, Non-GAAP loss per share (EPS) to range from $0.05 to $0.11 and GAAP loss per share to be between $0.08 and $0.14. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $24.3 million and EPS of ($0.11) for the second quarter of 2013. Full Article
Echelon Corp Issues Q1 2013 Guidance Above Analysts' Estimates; Issues Q1 2013 Charge Guidance
Echelon Corp announced that for the first quarter of 2013, it expects total revenues are expected to be between $24.0 million and $26.0 million, Non-GAAP loss per share (EPS) to range from $0.06 to $0.11 and GAAP loss per share to be between $0.16 and $0.21. The Company also announced that it expects to incur a $2.5 to $3.0 million restructuring charge in the first quarter of 2013 related to a workforce reduction that will affect approximately 15% of its employees. These actions are expected to be implemented over the next 12 months. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $23.3 million and EPS of ($0.15) for the first quarter of 2013. Full Article
Echelon Corp Issues Q4 2012 Mixed Guidance
Echelon Corp announced that for the fourth quarter of 2012, it expects total revenues to be between $22 million and $26 million, with sub-systems revenues accounting for approximately 50% of total revenue, non-GAAP loss per share to range from a loss of $0.07 to a loss of $0.12 and GAAP loss per share to be between $0.11 and $0.16. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $28 million and EPS of $(0.14) for the fourth quarter of 2012. Full Article
Echelon Corporation Issues Q3 2012 Guidance; Revenue Guidance Below Analysts' Estimates
Echelon Corporation announced that for third quarter of 2012, it expects revenues to be between $26-$30 million, non-GAAP loss per share to range from a loss of $0.06-$0.12 and GAAP loss per share to be between $0.11-$0.17. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $38 million and EPS of $(0.08) for third quarter of 2012. Full Article
Huazhi Holding (Zhejiang) Co., Ltd.'s Subsidiary to Set up Joint Venture with Echelon Corporation
Huazhi Holding (Zhejiang) Co., Ltd. announced that its subsidiary, Holley Metering Limited, will invest USD 1.96 million to set up a joint venture with Echelon Corporation, with each to hold a 49% and a 51% stake. The joint venture will be with a registered capital of USD 4 million and be engaged in the manufacturing and sale of instrumentation and components, sale of raw material and production equipment, development, manufacturing and sale of power automation system, power information system, power equipment, grid terminal equipment, power communication and power management software. Full Article
Echelon Corporation Issues Q1 2012 Guidance Above Analysts' Estimates
Echelon Corporation announced that for the first quarter of 2012, it expects total revenues to be between $39 million and $41 million, non-GAAP loss per share to range from $0.04 to $0.07 and GAAP loss per share is expected to be between $0.11 and $0.14. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $38 million and EPS of $(0.12) for the first quarter of 2012. Full Article
Echelon Corporation Issues Q4 2011 Guidance; EPS Guidance Above Analysts' Estimates; Comments On FY 2012 Non-GAAP profitability
Echelon Corporation announced that for fiscal 2012, it remain committed to achieving non-GAAP profitability. Echelon Corporation announced that for the fourth quarter of 2011, it expects revenue to be $39 million to $41 million, non-GAAP loss per share amounts are expected to range from $0.04 to $0.07, based on a fully diluted weighted average shares outstanding of 42.5 million. GAAP loss per share is expected to be between $0.12 and $0.14. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $39 million and EPS of $(0.38) for the fourth quarter of 2011. Full Article
Echelon Corporation Announces Appointment Of Bill Slakey As CFO
Echelon Corporation announced the appointment of Bill Slakey to the position of Executive Vice President and Chief Financial Officer (CFO), effective November 7, 2011. Slakey will succeed Oliver Chris Stanfield, Echelon Executive Vice President and Chief Financial Officer, who will retire but will stay through a transition period. Full Article
Echelon Corporation Appoints Ron Sege As New Chairman
Echelon Corporation announced Ron Sege has been elected to the role of Chairman of the Board in addition to his current role as President and Chief Executive Officer. Sege follows M. Kenneth Oshman, who passed away in August 2011, as Echelon’s Chairman of the Board. Robert J. Finocchio, Jr. will continue to serve as the lead independent director, or Presiding Director, for Echelon’s Board, acting as the principle liaison between Echelon’s Independent Directors and the CEO, as well as between Echelon’s Independent Directors and its shareholders; presiding over meetings of the independent directors; and reviews of the governance activities of the Board. Full Article
Echelon Corporation Teams Up With Oracle Corporation
Echelon Corporation announced that they have teamed with Oracle to help utilities better manage outages, protect revenue, offer demand response, and offer prepayment options. The Oracle Utilities Smart Grid Gateway integrated with Echelon’s proven smart metering solution allows utilities to quickly and reliably deploy multiple applications to manage their assets and customers. Full Article
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