We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Enernoc, Inc. (MM) | NASDAQ:ENOC | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.65 | 7.65 | 7.70 | 0 | 01:00:00 |
|
|
|
ý
|
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
¨
|
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
|
|
Delaware
|
87-0698303
|
(State or Other Jurisdiction of
Incorporation or Organization)
|
(IRS Employer
Identification No.)
|
One Marina Park Drive
Suite 400
Boston, Massachusetts
|
02210
|
(Address of Principal Executive Offices)
|
(Zip Code)
|
|
Large accelerated filer
|
¨
|
|
Accelerated filer
|
ý
|
Non-accelerated filer
|
¨
|
(Do not check if a smaller reporting company)
|
Smaller reporting company
|
¨
|
Emerging growth company
|
¨
|
if an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 (a) of the exchange act.
¨
|
|
|
|
Page
|
|
||
Item 1.
|
|
|
|
||
|
||
|
||
|
||
|
||
Item 2.
|
||
Item 3.
|
||
Item 4.
|
||
|
||
Item 1.
|
||
Item 1A
|
||
Item 2.
|
||
Item 6.
|
||
|
|
March 31, 2017
|
|
December 31, 2016
|
||||
ASSETS
|
|
|
|
||||
Current assets:
|
|
|
|
||||
Cash and cash equivalents
|
$
|
73,980
|
|
|
$
|
97,993
|
|
Restricted cash
|
387
|
|
|
1,062
|
|
||
Accounts receivable, net of allowance for doubtful accounts of $1,011 and $1,082 at March 31, 2017 and December 31, 2016, respectively.
|
31,075
|
|
|
36,722
|
|
||
Unbilled receivables
|
18,952
|
|
|
45,430
|
|
||
Contract assets
|
27,580
|
|
|
—
|
|
||
Capitalized fulfillment costs
|
989
|
|
|
2,290
|
|
||
Prepaid expenses and other current assets
|
14,582
|
|
|
10,906
|
|
||
Assets held for sale
|
—
|
|
|
3,415
|
|
||
Total current assets
|
167,545
|
|
|
197,818
|
|
||
Contract assets, net of current portion
|
15,962
|
|
|
—
|
|
||
Property and equipment, net of accumulated depreciation of $96,259 and $97,243 at March 31, 2017 and December 31, 2016
|
36,600
|
|
|
38,828
|
|
||
Goodwill
|
31,168
|
|
|
36,662
|
|
||
Intangible assets, net of accumulated amortization
|
33,861
|
|
|
35,771
|
|
||
Deposits and other assets
|
5,573
|
|
|
3,223
|
|
||
Total assets
|
$
|
290,709
|
|
|
$
|
312,302
|
|
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
|
|
|
||||
Current liabilities:
|
|
|
|
||||
Accounts payable
|
$
|
1,036
|
|
|
$
|
4,748
|
|
Accrued capacity payments
|
45,732
|
|
|
63,943
|
|
||
Accrued compensation and related expenses
|
11,165
|
|
|
14,721
|
|
||
Accrued expenses and other current liabilities
|
15,912
|
|
|
13,597
|
|
||
Deferred revenue
|
6,329
|
|
|
8,193
|
|
||
Liabilities held for sale
|
—
|
|
|
1,780
|
|
||
Total current liabilities
|
80,174
|
|
|
106,982
|
|
||
Deferred revenue
|
3,420
|
|
|
2,665
|
|
||
Other liabilities
|
8,931
|
|
|
7,521
|
|
||
Convertible senior notes
|
116,248
|
|
|
115,223
|
|
||
Commitments and contingencies (Note 9)
|
—
|
|
|
—
|
|
||
Stockholders’ equity:
|
|
|
|
||||
Undesignated preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued
|
—
|
|
|
—
|
|
||
Common stock, $0.001 par value; 50,000,000 shares authorized, 31,333,860 and 30,688,783 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively
|
31
|
|
|
31
|
|
||
Additional paid-in capital
|
388,754
|
|
|
386,871
|
|
||
Accumulated other comprehensive loss
|
(4,268
|
)
|
|
(2,477
|
)
|
||
Accumulated deficit
|
(303,856
|
)
|
|
(304,745
|
)
|
||
Total EnerNOC, Inc. stockholders’ equity
|
80,661
|
|
|
79,680
|
|
||
Noncontrolling interest
|
1,275
|
|
|
231
|
|
||
Total stockholders’ equity
|
81,936
|
|
|
79,911
|
|
||
Total liabilities and stockholders’ equity
|
$
|
290,709
|
|
|
$
|
312,302
|
|
|
Three Months Ended
|
||||||
|
March 31,
|
||||||
|
2017
|
|
2016
|
||||
Revenues:
|
|
|
|
||||
Demand Response
|
$
|
34,484
|
|
|
$
|
36,347
|
|
Software
|
13,625
|
|
|
17,033
|
|
||
Total revenues
|
48,109
|
|
|
53,380
|
|
||
Cost of revenues
|
33,403
|
|
|
32,594
|
|
||
Gross profit
|
14,706
|
|
|
20,786
|
|
||
Operating expenses:
|
|
|
|
||||
Selling and marketing
|
13,874
|
|
|
25,015
|
|
||
General and administrative
|
19,620
|
|
|
27,916
|
|
||
Research and development
|
5,402
|
|
|
8,043
|
|
||
Gains on sale of businesses (Note 4)
|
(1,726
|
)
|
|
—
|
|
||
Goodwill impairment (Note 6)
|
5,886
|
|
|
—
|
|
||
Total operating expenses
|
43,056
|
|
|
60,974
|
|
||
Loss from operations
|
(28,350
|
)
|
|
(40,188
|
)
|
||
Other income, net
|
1,975
|
|
|
3,087
|
|
||
Interest expense
|
(1,926
|
)
|
|
(1,777
|
)
|
||
Loss before income tax
|
(28,301
|
)
|
|
(38,878
|
)
|
||
Provision for income tax
|
(3,838
|
)
|
|
(1,691
|
)
|
||
Net loss
|
(32,139
|
)
|
|
(40,569
|
)
|
||
Net loss attributable to noncontrolling interest
|
(129
|
)
|
|
(31
|
)
|
||
Net loss attributable to EnerNOC, Inc.
|
$
|
(32,010
|
)
|
|
$
|
(40,538
|
)
|
Net loss attributable to EnerNOC, Inc. per common share
|
|
|
|
||||
Basic
|
$
|
(1.08
|
)
|
|
$
|
(1.41
|
)
|
Diluted
|
$
|
(1.08
|
)
|
|
$
|
(1.41
|
)
|
Weighted average number of common shares used in computing net loss per common share
|
|
|
|
||||
Basic
|
29,671,109
|
|
|
28,806,810
|
|
||
Diluted
|
29,671,109
|
|
|
28,806,810
|
|
|
Three Months Ended
|
||||||
|
March 31,
|
||||||
|
2017
|
|
2016
|
||||
Net loss
|
$
|
(32,139
|
)
|
|
$
|
(40,569
|
)
|
Foreign currency translation adjustments
|
557
|
|
|
383
|
|
||
Reclassification of cumulative translation adjustments due to liquidation of a foreign entity (Note 4)
|
(2,348
|
)
|
|
—
|
|
||
Comprehensive loss
|
(33,930
|
)
|
|
(40,186
|
)
|
||
Comprehensive loss attributable to noncontrolling interest
|
(125
|
)
|
|
(31
|
)
|
||
Comprehensive loss attributable to EnerNOC, Inc.
|
$
|
(33,805
|
)
|
|
$
|
(40,155
|
)
|
|
Three Months Ended
|
||||||
|
March 31,
|
||||||
|
2017
|
|
2016
|
||||
Cash flows from operating activities
|
|
|
|
||||
Net loss
|
$
|
(32,139
|
)
|
|
$
|
(40,569
|
)
|
Adjustments to reconcile net loss to net cash used in operating activities:
|
|
|
|
||||
Depreciation, amortization and impairment of long-lived assets
|
7,541
|
|
|
9,687
|
|
||
Goodwill impairment charge
|
5,886
|
|
|
—
|
|
||
Stock-based compensation
|
2,031
|
|
|
3,115
|
|
||
Gains on sale of businesses, excluding transaction costs
|
(1,741
|
)
|
|
—
|
|
||
Net foreign exchange translation gain
|
(1,611
|
)
|
|
(2,953
|
)
|
||
Non-cash interest expense
|
1,061
|
|
|
981
|
|
||
Other, net
|
221
|
|
|
1,575
|
|
||
Changes in operating assets and liabilities, net of effects of divestitures:
|
|
|
|
||||
Accounts receivable, unbilled receivables and contract assets
|
24,913
|
|
|
46,172
|
|
||
Prepaid expenses and other assets
|
496
|
|
|
(6,704
|
)
|
||
Capitalized fulfillment costs
|
(634
|
)
|
|
(11,271
|
)
|
||
Other noncurrent liabilities
|
(1,372
|
)
|
|
(574
|
)
|
||
Deferred revenue
|
207
|
|
|
17,594
|
|
||
Accrued capacity payments
|
(22,125
|
)
|
|
(32,464
|
)
|
||
Accounts payable, accrued expenses and other current liabilities and accrued compensation
|
(7,373
|
)
|
|
(14,981
|
)
|
||
Net cash used in operating activities
|
(24,639
|
)
|
|
(30,392
|
)
|
||
Cash flows from investing activities
|
|
|
|
||||
Purchases of property and equipment and capitalization of internal use software development costs
|
(3,427
|
)
|
|
(4,391
|
)
|
||
Proceeds from sale of businesses, net of divested cash
|
1,333
|
|
|
—
|
|
||
Proceeds from sale of fixed assets
|
130
|
|
|
—
|
|
||
Change in deposits
|
15
|
|
|
680
|
|
||
Net cash used in investing activities
|
(1,949
|
)
|
|
(3,711
|
)
|
||
Cash flows from financing activities
|
|
|
|
||||
Payments made for employee restricted stock minimum tax withholdings and other
|
(462
|
)
|
|
(672
|
)
|
||
Payments for contingent consideration
|
—
|
|
|
(195
|
)
|
||
Proceeds from sale of equity interests to non-controlling interest holders
|
1,173
|
|
|
—
|
|
||
Net cash provided by (used in) financing activities
|
711
|
|
|
(867
|
)
|
||
Effects of exchange rate changes on cash, cash equivalents and restricted cash
|
1,189
|
|
|
1,307
|
|
||
Net change in cash, cash equivalents and restricted cash
|
(24,688
|
)
|
|
(33,663
|
)
|
||
Cash, cash equivalents and restricted cash at beginning of period
|
99,055
|
|
|
138,584
|
|
||
Cash, cash equivalents and restricted cash at end of period
|
$
|
74,367
|
|
|
$
|
104,921
|
|
Supplemental disclosure of cash flow information
|
|
|
|
||||
Cash paid for interest
|
$
|
916
|
|
|
$
|
815
|
|
Cash paid for income taxes
|
$
|
394
|
|
|
$
|
1,285
|
|
Non-cash investing and financing activities
|
|
|
|
||||
Acquisition of property and equipment in accrued expenses
|
$
|
982
|
|
|
$
|
271
|
|
Cash, cash equivalent and restricted cash information
|
|
|
|
||||
Cash and cash equivalents at beginning of period
|
$
|
97,993
|
|
|
$
|
138,120
|
|
Restricted cash at beginning of period
|
1,062
|
|
|
464
|
|
||
Cash, cash equivalents and restricted cash at beginning of period
|
$
|
99,055
|
|
|
$
|
138,584
|
|
Cash and cash equivalents at end of period
|
$
|
73,980
|
|
|
$
|
104,399
|
|
Restricted cash at end of period
|
387
|
|
|
522
|
|
||
Cash, cash equivalents and restricted cash at end of period
|
$
|
74,367
|
|
|
$
|
104,921
|
|
1)
|
Identify the contract with a customer
|
2)
|
Identify the performance obligations in the contract
|
3)
|
Determine the transaction price
|
4)
|
Allocate the transaction price to performance obligations in the contract
|
5)
|
Recognize revenue when or as the Company satisfies a performance obligation
|
Demand response
|
$
|
34,484
|
|
Subscription software
|
4,499
|
|
|
Procurement solutions
|
6,757
|
|
|
Professional services
|
2,369
|
|
|
Total Revenues
|
$
|
48,109
|
|
|
As Reported
|
|
Adjustments
|
|
Adjusted
|
||||||||||||||||||
|
December 31, 2016
|
|
Demand Response
|
|
Procurement
|
|
Professional Services & Other
|
|
Cost to Obtain or Fulfill a Contract
|
|
January 1, 2017
|
||||||||||||
Cash, cash equivalent and restricted cash
|
$
|
99,055
|
|
|
|
|
|
|
|
|
|
|
$
|
99,055
|
|
||||||||
Accounts receivable, net
|
36,722
|
|
|
|
|
$
|
(5,551
|
)
|
|
|
|
|
|
31,171
|
|
||||||||
Unbilled receivables
|
45,430
|
|
|
|
|
|
|
|
|
|
|
45,430
|
|
||||||||||
Contract assets
|
—
|
|
|
$
|
1,719
|
|
|
23,359
|
|
|
|
|
|
|
25,078
|
|
|||||||
Capitalized fulfillment costs
|
2,290
|
|
|
(1,613
|
)
|
|
|
|
|
|
|
|
677
|
|
|||||||||
Prepaid expenses and other current assets
|
14,321
|
|
|
|
|
|
|
|
|
$
|
2,007
|
|
|
16,328
|
|
||||||||
Long lived assets
|
111,261
|
|
|
|
|
|
|
|
|
|
|
111,261
|
|
||||||||||
Other noncurrent assets
|
3,223
|
|
|
|
|
|
|
|
|
2,405
|
|
|
5,628
|
|
|||||||||
Contract assets, long term
|
—
|
|
|
|
|
16,206
|
|
|
|
|
|
|
16,206
|
|
|||||||||
Total assets
|
$
|
312,302
|
|
|
$
|
106
|
|
|
$
|
34,014
|
|
|
$
|
—
|
|
|
$
|
4,412
|
|
|
$
|
350,834
|
|
Accounts payable, accrued expenses, and other current liabilities
|
$
|
34,846
|
|
|
|
|
|
|
|
|
$
|
2,624
|
|
|
$
|
37,470
|
|
||||||
Accrued capacity payments
|
63,943
|
|
|
$
|
1,630
|
|
|
|
|
|
|
|
|
65,573
|
|
||||||||
Deferred revenue, current
|
8,193
|
|
|
(2,089
|
)
|
|
$
|
(413
|
)
|
|
$
|
1,171
|
|
|
|
|
6,862
|
|
|||||
Deferred revenue, long term
|
2,665
|
|
|
|
|
|
|
|
|
|
|
2,665
|
|
||||||||||
Other noncurrent liabilities
|
7,521
|
|
|
|
|
|
|
|
|
2,710
|
|
|
10,231
|
|
|||||||||
Convertible senior notes
|
115,223
|
|
|
|
|
|
|
|
|
|
|
115,223
|
|
||||||||||
Total liabilities
|
232,391
|
|
|
(459
|
)
|
|
(413
|
)
|
|
1,171
|
|
|
5,334
|
|
|
238,024
|
|
||||||
Accumulated deficit
|
(304,745
|
)
|
|
565
|
|
|
34,427
|
|
|
(1,171
|
)
|
|
(922
|
)
|
|
(271,846
|
)
|
||||||
Additional paid-in capital, accumulated other comprehensive loss, and non-controlling interest
|
384,656
|
|
|
|
|
|
|
|
|
|
|
384,656
|
|
||||||||||
Total stockholders’ equity
|
79,911
|
|
|
565
|
|
|
34,427
|
|
|
(1,171
|
)
|
|
(922
|
)
|
|
112,810
|
|
||||||
Total liabilities and stockholders’ equity
|
$
|
312,302
|
|
|
$
|
106
|
|
|
$
|
34,014
|
|
|
$
|
—
|
|
|
$
|
4,412
|
|
|
$
|
350,834
|
|
|
|
As of March 31, 2017
|
||||||
Balance Sheet
|
|
As reported
|
|
Pro forma as if
the previous accounting guidance was in effect |
||||
Cash, cash equivalent and restricted cash
|
|
$
|
74,367
|
|
|
$
|
74,367
|
|
Accounts receivable, net
|
|
31,075
|
|
|
36,935
|
|
||
Unbilled receivables
|
|
18,952
|
|
|
22,400
|
|
||
Contract assets
|
|
27,580
|
|
|
—
|
|
||
Capitalized fulfillment costs
|
|
989
|
|
|
4,967
|
|
||
Prepaid expenses and other current assets
|
|
14,582
|
|
|
12,490
|
|
||
Contract assets, long term
|
|
15,962
|
|
|
—
|
|
||
Long lived assets
|
|
101,629
|
|
|
101,629
|
|
||
Other noncurrent assets
|
|
5,573
|
|
|
3,622
|
|
||
Total assets
|
|
$
|
290,709
|
|
|
$
|
256,410
|
|
Accounts payable, accrued expenses, and other current liabilities
|
|
$
|
28,113
|
|
|
$
|
26,408
|
|
Accrued capacity payments
|
|
45,732
|
|
|
45,732
|
|
||
Deferred revenue, current
|
|
6,329
|
|
|
8,744
|
|
||
Deferred revenue, long term
|
|
3,420
|
|
|
3,420
|
|
||
Other noncurrent liabilities
|
|
8,931
|
|
|
5,914
|
|
||
Convertible senior notes
|
|
116,248
|
|
|
116,248
|
|
||
Total liabilities
|
|
208,773
|
|
|
206,466
|
|
||
Accumulated deficit
|
|
(303,856
|
)
|
|
(335,848
|
)
|
||
Additional paid-in capital, accumulated other comprehensive loss, and noncontrolling interest
|
|
385,792
|
|
|
385,792
|
|
||
Total stockholders’ equity
|
|
81,936
|
|
|
49,944
|
|
||
Total liabilities and stockholders’ equity
|
|
$
|
290,709
|
|
|
$
|
256,410
|
|
|
|
Three Months ended March 31, 2017
|
||||||
Statement of Operations
|
|
As reported
|
|
Pro forma as if
the previous accounting guidance was in effect |
||||
Demand Response
|
|
$
|
34,484
|
|
|
$
|
33,196
|
|
Software
|
|
13,625
|
|
|
15,128
|
|
||
Total revenues
|
|
48,109
|
|
|
48,324
|
|
||
Cost of revenue
|
|
33,403
|
|
|
32,668
|
|
||
Gross profit
|
|
14,706
|
|
|
15,656
|
|
||
Selling and marketing
|
|
13,874
|
|
|
13,917
|
|
||
Other operating expenses
|
|
29,182
|
|
|
29,182
|
|
||
Total operating expenses
|
|
43,056
|
|
|
43,099
|
|
||
Loss from operations
|
|
(28,350
|
)
|
|
(27,443
|
)
|
||
Non operating expenses and noncontrolling interest
|
|
178
|
|
|
178
|
|
||
Income tax provision
|
|
(3,838
|
)
|
|
(3,838
|
)
|
||
Net loss attributable to EnerNOC, Inc.
|
|
$
|
(32,010
|
)
|
|
$
|
(31,103
|
)
|
|
|
|
|
|
||||
Net loss per common share
|
|
|
|
|
||||
Basic
|
|
$
|
(1.08
|
)
|
|
$
|
(1.05
|
)
|
Diluted
|
|
$
|
(1.08
|
)
|
|
$
|
(1.05
|
)
|
•
|
ASC 606 accelerated the recognition of revenue and fulfillment costs related to certain demand response contracts in which recognition was previously deferred until the end of the applicable contract term due to the fees not being fixed or determinable. This resulted in demand response revenues and related cost of revenues that were approximately
$1,288
and
$735
higher, respectively, for the three months ended March 31, 2017 than they would have been under legacy GAAP.
|
•
|
The primary difference between software revenue under ASC 606 as compared to the previous guidance relates to energy procurement solutions. Under the previous guidance, energy procurement revenue would have been approximately
$1,300
higher than under ASC 606, where energy procurement revenue is now recorded upon the completion of procurement auctions as opposed to when actual energy usage occurs.
|
•
|
ASC 606 resulted in the amortization of capitalized commission costs that were recorded as part of the cumulative effect adjustment upon adoption. Amortization of these capitalized costs to selling and marketing expenses, net of commission costs that were capitalized in the quarter resulted in no meaningful impact on selling and marketing expenses in the quarter.
|
|
|
Three Months ended March 31, 2017
|
||||||
Statement of Cash Flows
|
|
As reported
|
|
Pro forma as if
the previous accounting guidance was in effect |
||||
Net loss
|
|
$
|
(32,139
|
)
|
|
$
|
(31,232
|
)
|
Non cash adjustments to reconcile net loss to net cash flows from operating activities
|
|
13,388
|
|
|
13,085
|
|
||
Changes in operating assets and liabilities
|
|
|
|
|
||||
Accounts receivable, unbilled receivables and contract assets
|
|
24,913
|
|
|
25,133
|
|
||
Prepaid expenses and other assets
|
|
496
|
|
|
(1,304
|
)
|
||
Capitalized fulfillment costs
|
|
(634
|
)
|
|
(1,011
|
)
|
||
Deferred revenue
|
|
(1,372
|
)
|
|
1,140
|
|
||
Accounts payable, accrued expenses and other current liabilities and accrued compensation
|
|
(7,373
|
)
|
|
(6,646
|
)
|
||
Accrued capacity payments
|
|
(22,125
|
)
|
|
(22,125
|
)
|
||
Other noncurrent liabilities
|
|
207
|
|
|
(1,679
|
)
|
||
Cash flows from operating activities
|
|
$
|
(24,639
|
)
|
|
$
|
(24,639
|
)
|
|
|
Contract Assets
|
|
Deferred Revenue
|
||||||||||||
|
|
Current
|
|
Non-Current
|
|
Current
|
|
Non-Current
|
||||||||
Balance at January 1, 2017
|
|
$
|
25,078
|
|
|
$
|
16,206
|
|
|
$
|
6,862
|
|
|
$
|
2,665
|
|
Balance at March 31, 2017
|
|
27,580
|
|
|
15,962
|
|
|
6,329
|
|
|
3,420
|
|
1.
|
The performance obligation is part of a contract that has an original expected duration of one year or less.
|
2.
|
Revenue is recognized from the satisfaction of the performance obligations in the amount billable to the customer in accordance with ASC 606-10-55-18.
|
3.
|
The variable consideration is allocated entirely to a wholly unsatisfied performance obligation or to a wholly unsatisfied promise to transfer a distinct good or service that forms part of a single performance obligation in accordance with ASC 606-10-25-14(b), for which the criteria in ASC 606-10-32-40 have been met.
|
|
Three Months Ended March 31,
|
||||||
|
2017
|
|
2016
|
||||
Revenues:
|
|
|
|
||||
Demand Response
|
|
|
|
||||
Grid Operator
|
$
|
26,392
|
|
|
$
|
26,812
|
|
Utility
|
8,092
|
|
|
9,535
|
|
||
Demand Response Revenue
|
34,484
|
|
|
36,347
|
|
||
|
|
|
|
||||
Software
|
|
|
|
||||
Subscription software
|
4,499
|
|
|
6,176
|
|
||
Procurement solutions
|
6,757
|
|
|
8,933
|
|
||
Professional services
|
2,369
|
|
|
1,924
|
|
||
Software Revenue
|
13,625
|
|
|
17,033
|
|
||
|
|
|
|
||||
Total Revenues
|
$
|
48,109
|
|
|
$
|
53,380
|
|
|
|
|
|
||||
Segment Adjusted EBITDA:
|
|
|
|
||||
Demand Response adjusted EBITDA
|
$
|
(3,456
|
)
|
|
$
|
(3,484
|
)
|
Software adjusted EBITDA
|
(5,038
|
)
|
|
(18,007
|
)
|
||
Total Segment adjusted EBITDA
|
(8,494
|
)
|
|
(21,491
|
)
|
||
Reconciliation to consolidated loss before income tax
|
|
|
|
||||
Corporate unallocated expenses
|
(5,817
|
)
|
|
(5,671
|
)
|
||
Depreciation, amortization and asset impairments
(1)
|
(7,541
|
)
|
|
(9,687
|
)
|
||
Stock-based compensation
|
(2,031
|
)
|
|
(3,115
|
)
|
||
Gains on sale of businesses (Note 4)
|
1,726
|
|
|
—
|
|
||
Direct and incremental expenses associated with divestitures
(2)
|
(178
|
)
|
|
(193
|
)
|
||
Impairment of goodwill (Note 5)
|
(5,886
|
)
|
|
—
|
|
||
Noncontrolling interest expense
|
(129
|
)
|
|
(31
|
)
|
||
Interest and other income (expense), net
|
49
|
|
|
1,310
|
|
||
Consolidated loss before income tax
|
$
|
(28,301
|
)
|
|
$
|
(38,878
|
)
|
|
DACH
|
|
ESG
|
|
Total
|
||||||
Sale price, net of cash divested
|
$
|
(625
|
)
|
|
$
|
2,238
|
|
|
$
|
1,613
|
|
Less:
|
|
|
|
|
|
||||||
Net working capital (deficit)
|
(400
|
)
|
|
238
|
|
|
(162
|
)
|
|||
Fixed assets
|
398
|
|
|
28
|
|
|
426
|
|
|||
Intangible assets
|
1,636
|
|
|
—
|
|
|
1,636
|
|
|||
Goodwill
|
—
|
|
|
231
|
|
|
231
|
|
|||
Net assets sold
|
1,634
|
|
|
497
|
|
|
2,131
|
|
|||
Cumulative translation adjustments reclassified from accumulated other comprehensive loss
|
(2,348
|
)
|
|
—
|
|
|
(2,348
|
)
|
|||
Direct and incremental transaction costs
|
89
|
|
|
15
|
|
|
104
|
|
|||
Gains on sale of businesses
|
$
|
—
|
|
|
$
|
1,726
|
|
|
$
|
1,726
|
|
|
Employee Related
|
|
Contract Terminations
|
|
Total
|
||||||
Accrued restructuring liability at December 31, 2016
|
$
|
1,024
|
|
|
$
|
29
|
|
|
$
|
1,053
|
|
Cash payments
|
(322
|
)
|
|
(13
|
)
|
|
(335
|
)
|
|||
Accrued restructuring liability at March 31, 2017
|
$
|
702
|
|
|
$
|
16
|
|
|
$
|
718
|
|
|
Demand Response
|
|
Software
|
|
Total Goodwill
1
|
||||||
Balance at December 31, 2016
|
$
|
26,760
|
|
|
$
|
9,902
|
|
|
$
|
36,662
|
|
Foreign exchange
|
606
|
|
|
17
|
|
|
623
|
|
|||
Impairment
|
—
|
|
|
(5,886
|
)
|
|
(5,886
|
)
|
|||
Sale of business component (Note 4)
|
—
|
|
|
(231
|
)
|
|
(231
|
)
|
|||
Balance at March 31, 2017
|
$
|
27,366
|
|
|
$
|
3,802
|
|
|
$
|
31,168
|
|
|
As of March 31, 2017
|
|
As of December 31, 2016
|
||||||||||||
|
Gross
Carrying
Amount
|
|
Accumulated
Amortization
|
|
Gross
Carrying
Amount
|
|
Accumulated
Amortization
|
||||||||
Customer relationships
|
$
|
50,323
|
|
|
$
|
(26,894
|
)
|
|
$
|
51,029
|
|
|
$
|
(26,231
|
)
|
Customer contracts
|
8,212
|
|
|
(8,112
|
)
|
|
7,993
|
|
|
(7,789
|
)
|
||||
Employment and non-compete agreements
|
951
|
|
|
(915
|
)
|
|
941
|
|
|
(844
|
)
|
||||
Software
|
536
|
|
|
(222
|
)
|
|
536
|
|
|
(212
|
)
|
||||
Developed technology
|
15,622
|
|
|
(5,694
|
)
|
|
15,597
|
|
|
(5,307
|
)
|
||||
Trade name
|
346
|
|
|
(346
|
)
|
|
344
|
|
|
(344
|
)
|
||||
Patents
|
180
|
|
|
(126
|
)
|
|
180
|
|
|
(122
|
)
|
||||
Total
|
$
|
76,170
|
|
|
$
|
(42,309
|
)
|
|
$
|
76,620
|
|
|
$
|
(40,849
|
)
|
|
Three Months Ended March 31,
|
||||||
|
2017
|
|
2016
|
||||
Amortization expense included in cost of revenues
|
$
|
368
|
|
|
$
|
861
|
|
Amortization expense included in operating expenses
|
1,676
|
|
|
3,285
|
|
||
Total amortization expense
|
$
|
2,044
|
|
|
$
|
4,146
|
|
|
|
|
|
Fair Value Measured and Recorded Using
|
||||||||||||
|
Totals
|
|
Quoted Prices in
Active Markets for Identical Assets (Level 1) |
|
Significant Other
Observable Inputs
(Level 2)
|
|
Unobservable Inputs
(Level 3)
|
|||||||||
As of March 31, 2017
|
|
|
|
|
|
|
|
|||||||||
Assets: Money market funds
|
$
|
49,596
|
|
|
$
|
49,596
|
|
|
$
|
—
|
|
|
$
|
—
|
|
As of December 31, 2016
|
|
|
|
|
|
|
|
|||||||||
Assets: Money market funds
|
$
|
76,008
|
|
|
$
|
76,008
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
March 31, 2017
|
|
December 31, 2016
|
||||
Principal amount outstanding
|
$
|
126,800
|
|
|
$
|
126,800
|
|
Less: debt discount and issuance costs
|
(10,552
|
)
|
|
(11,577
|
)
|
||
Carrying value, including unamortized debt discount and issuance costs
|
$
|
116,248
|
|
|
$
|
115,223
|
|
Fair Value
|
$
|
108,097
|
|
|
$
|
100,648
|
|
|
Three Months Ended March 31,
|
||||||
|
2017
|
|
2016
|
||||
Accretion of debt discount and issuance costs
|
$
|
1,025
|
|
|
$
|
962
|
|
2.25% accrued interest
|
713
|
|
|
705
|
|
||
Total interest expense from Convertible Notes
|
$
|
1,738
|
|
|
$
|
1,667
|
|
|
Three Months Ended March 31,
|
||||||
|
2017
|
|
2016
|
||||
Selling and marketing
|
$
|
385
|
|
|
$
|
818
|
|
General and administrative
|
1,387
|
|
|
1,961
|
|
||
Research and development
|
259
|
|
|
336
|
|
||
Total stock-based compensation
|
$
|
2,031
|
|
|
$
|
3,115
|
|
|
Three Months Ended March 31,
|
|||||||||||
|
Number of
Shares
Underlying
Options
|
|
Weighted-
Average
Exercise Price
Per Share
|
|
Aggregate
Intrinsic
Value
|
|
Weighted Average Remaining Life (in years)
|
|||||
Outstanding at December 31, 2016
|
397,244
|
|
|
$
|
22.30
|
|
|
|
|
|
||
Granted
|
—
|
|
|
—
|
|
|
|
|
|
|||
Exercised
|
—
|
|
|
—
|
|
|
|
|
|
|||
Cancelled
|
(47,034
|
)
|
|
18.10
|
|
|
|
|
|
|||
Outstanding at March 31, 2017
|
350,210
|
|
|
$
|
22.88
|
|
|
$
|
—
|
|
|
|
Exercisable at end of period
|
347,209
|
|
|
$
|
23.29
|
|
|
$
|
—
|
|
|
1.9
|
Vested or expected to vest at March 31, 2017
|
349,922
|
|
|
$
|
23.12
|
|
|
$
|
—
|
|
|
1.9
|
|
Number of
Shares
|
|
Weighted Average
Grant Date Fair
Value Per Share
|
|||
Nonvested at December 31, 2016
|
1,374,967
|
|
|
$
|
11.71
|
|
Granted
|
893,108
|
|
|
5.55
|
|
|
Vested
|
(235,127
|
)
|
|
11.96
|
|
|
Cancelled
|
(170,995
|
)
|
|
12.16
|
|
|
Nonvested at March 31, 2017
|
1,861,953
|
|
|
$
|
8.68
|
|
|
Number of
Shares
|
|
Weighted Average
Grant Date Fair
Value Per Share
|
|||
Nonvested at December 31, 2016
|
705,851
|
|
|
$
|
8.90
|
|
Granted
|
738,500
|
|
|
5.55
|
|
|
Vested
|
(2,325
|
)
|
|
9.30
|
|
|
Cancelled
|
(154,848
|
)
|
|
12.62
|
|
|
Nonvested at March 31, 2017
|
1,287,178
|
|
|
$
|
6.53
|
|
|
Foreign Currency Translation Adjustments
|
||
Balance at December 31, 2016
|
$
|
2,477
|
|
Other comprehensive loss before reclassifications
|
(557
|
)
|
|
Reclassification due to liquidation of a foreign entity (Note 4)
|
2,348
|
|
|
Balance at March 31, 2017
|
$
|
4,268
|
|
|
Three Months Ended March 31,
|
||||||
Numerator:
|
2017
|
|
2016
|
||||
Net loss for basic earnings per share
|
$
|
(32,010
|
)
|
|
$
|
(40,538
|
)
|
ADD: Interest expense related to Convertible Notes
|
—
|
|
|
—
|
|
||
Net loss for diluted earnings per share
|
$
|
(32,010
|
)
|
|
$
|
(40,538
|
)
|
Denominator:
|
|
|
|
||||
Basic weighted average common shares outstanding
|
29,671,109
|
|
|
28,806,810
|
|
||
Weighted average common stock equivalents
|
—
|
|
|
—
|
|
||
Diluted weighted average common shares outstanding
|
29,671,109
|
|
|
28,806,810
|
|
||
|
|
|
|
||||
Basic net loss per share
|
$
|
(1.08
|
)
|
|
$
|
(1.41
|
)
|
Diluted net loss per share
|
$
|
(1.08
|
)
|
|
$
|
(1.41
|
)
|
|
|
|
|
||||
Weighted average anti-dilutive shares related to:
|
|
|
|
||||
Incremental shares from assumed conversion of Convertible Notes
|
4,576,630
|
|
|
4,576,630
|
|
||
Stock options
|
197,012
|
|
|
322,245
|
|
||
Nonvested restricted stock
|
1,363,659
|
|
|
1,737,777
|
|
||
Restricted stock units
|
743,049
|
|
|
49,299
|
|
Item 2.
|
Management’s Discussion and Analysis of Financial Condition and Results of Operations.
|
|
Three Months Ended March 31,
|
|
Dollar
|
|
Percentage
|
|||||||||
|
2017
|
|
2016
|
|
Change
|
|
Change
|
|||||||
Revenues:
|
|
|
|
|
|
|
|
|||||||
Demand Response
|
$
|
34,484
|
|
|
$
|
36,347
|
|
|
$
|
(1,863
|
)
|
|
(5.1
|
)%
|
Software
|
13,625
|
|
|
17,033
|
|
|
(3,408
|
)
|
|
(20.0
|
)%
|
|||
Total
|
$
|
48,109
|
|
|
$
|
53,380
|
|
|
$
|
(5,271
|
)
|
|
(9.9
|
)%
|
|
Three Months Ended March 31,
|
|
Percentage
|
|||||||
Operating expenses:
|
2017
|
|
2016
|
|
Change
|
|||||
Selling and marketing
|
$
|
13,874
|
|
|
$
|
25,015
|
|
|
(44.5
|
)%
|
General and administrative
|
19,620
|
|
|
27,916
|
|
|
(29.7
|
)%
|
||
Research and development
|
5,402
|
|
|
8,043
|
|
|
(32.8
|
)%
|
||
Gains on sale of businesses
|
(1,726
|
)
|
|
—
|
|
|
n/m
|
|
||
Goodwill impairment charge
|
5,886
|
|
|
$
|
—
|
|
|
n/m
|
|
|
Total operating expenses
|
$
|
43,056
|
|
|
$
|
60,974
|
|
|
(29.4
|
)%
|
|
Three Months Ended March 31,
|
|
Percentage
|
|||||||
|
2017
|
|
2016
|
|
Change
|
|||||
Payroll and related costs
|
$
|
8,778
|
|
|
$
|
16,320
|
|
|
(46.2
|
)%
|
Stock-based compensation
|
385
|
|
|
818
|
|
|
(52.9
|
)%
|
||
Amortization of intangible assets
|
1,598
|
|
|
2,204
|
|
|
(27.5
|
)%
|
||
Other
|
3,113
|
|
|
5,673
|
|
|
(45.1
|
)%
|
||
Total selling and marketing expenses
|
$
|
13,874
|
|
|
$
|
25,015
|
|
|
(44.5
|
)%
|
|
Three Months Ended March 31,
|
|
Percentage
|
|||||||
|
2017
|
|
2016
|
|
Change
|
|||||
Payroll and related costs
|
$
|
9,217
|
|
|
$
|
16,624
|
|
|
(44.6
|
)%
|
Stock-based compensation
|
1,387
|
|
|
1,961
|
|
|
(29.3
|
)%
|
||
Amortization of intangible assets
|
63
|
|
|
220
|
|
|
(71.4
|
)%
|
||
Other
|
8,953
|
|
|
9,111
|
|
|
(1.7
|
)%
|
||
Total general and administrative expenses
|
$
|
19,620
|
|
|
$
|
27,916
|
|
|
(29.7
|
)%
|
|
Three Months Ended March 31,
|
|
Percentage
|
|||||||
|
2017
|
|
2016
|
|
Change
|
|||||
Payroll and related costs
|
$
|
2,916
|
|
|
$
|
5,139
|
|
|
(43.3
|
)%
|
Stock-based compensation
|
259
|
|
|
336
|
|
|
(22.9
|
)%
|
||
Other
|
2,227
|
|
|
2,568
|
|
|
(13.3
|
)%
|
||
Total research and development marketing expenses
|
$
|
5,402
|
|
|
$
|
8,043
|
|
|
(32.8
|
)%
|
|
Three Months Ended March 31,
|
|
Dollar
|
|
Percentage
|
|||||||||
|
2017
|
|
2016
|
|
Change
|
|
Change
|
|||||||
Revenues:
|
|
|
|
|
|
|
|
|||||||
Grid Operator
|
$
|
26,392
|
|
|
$
|
26,812
|
|
|
$
|
(420
|
)
|
|
(1.6
|
)%
|
Utility
|
8,092
|
|
|
9,535
|
|
|
(1,443
|
)
|
|
(15.1
|
)%
|
|||
Total Demand Response Revenues
|
$
|
34,484
|
|
|
$
|
36,347
|
|
|
$
|
(1,863
|
)
|
|
(5.1
|
)%
|
|
Increase (Decrease)
|
||
|
Three Months Ended
March 31, 2016 to March 31, 2017 |
||
South Korea (KPX)
|
$
|
4,726
|
|
New England (ISO-NE)
|
(3,007
|
)
|
|
Texas (ERCOT)
|
(953
|
)
|
|
PJM
|
(620
|
)
|
|
Other
(1)
|
(566
|
)
|
|
Total increase in Grid Operator Demand Response revenues
|
$
|
(420
|
)
|
|
Increase (Decrease)
|
||
|
Three Months Ended
March 31, 2016 to March 31, 2017 |
||
California DRAM (DRAM)
|
$
|
855
|
|
Consolidated Edison (Con Ed)
|
(673
|
)
|
|
New Zealand
|
(625
|
)
|
|
Xcel
|
(520
|
)
|
|
Other
(1)
|
(480
|
)
|
|
Total decrease in Utility Demand Response revenues
|
$
|
(1,443
|
)
|
|
Three Months Ended March 31,
|
|
Dollar
|
|
Percentage
|
|||||||||
|
2017
|
|
2016
|
|
Change
|
|
Change
|
|||||||
Revenues:
|
|
|
|
|
|
|
|
|||||||
Subscription software
|
$
|
4,499
|
|
|
$
|
6,176
|
|
|
$
|
(1,677
|
)
|
|
(27.2
|
)%
|
Procurement solutions
|
6,757
|
|
|
8,933
|
|
|
(2,176
|
)
|
|
(24.4
|
)%
|
|||
Professional services
|
2,369
|
|
|
1,924
|
|
|
445
|
|
|
23.1
|
%
|
|||
Total Software Revenues
|
$
|
13,625
|
|
|
$
|
17,033
|
|
|
$
|
(3,408
|
)
|
|
(20.0
|
)%
|
|
Three Months Ended March 31,
|
||||||
|
2017
|
|
2016
|
||||
Demand Response adjusted EBITDA
|
$
|
(3,456
|
)
|
|
$
|
(3,484
|
)
|
Software adjusted EBITDA
|
$
|
(5,038
|
)
|
|
$
|
(18,007
|
)
|
|
Three Months Ended March 31,
|
||||||
|
2017
|
|
2016
|
||||
Cash used in operating activities
|
$
|
(24,639
|
)
|
|
$
|
(30,392
|
)
|
Cash used in investing activities
|
(1,949
|
)
|
|
(3,711
|
)
|
||
Cash provided by (used in) financing activities
|
711
|
|
|
(867
|
)
|
||
Effects of exchange rate changes on cash, cash equivalents and restricted cash
|
1,189
|
|
|
1,307
|
|
||
Net change in cash, cash equivalents and restricted cash
|
$
|
(24,688
|
)
|
|
$
|
(33,663
|
)
|
|
Three Months Ended March 31,
|
||||||
|
2017
|
|
2016
|
||||
Net loss
|
$
|
(32,139
|
)
|
|
$
|
(40,569
|
)
|
Goodwill impairment charge
|
5,886
|
|
|
—
|
|
||
Other non-cash items
|
9,243
|
|
|
12,405
|
|
||
Gains on sale of businesses, excluding transaction costs (Note 4)
|
(1,741
|
)
|
|
—
|
|
||
Change in working capital and other activities
|
(5,888
|
)
|
|
(2,228
|
)
|
||
Net cash used in operating activities
|
$
|
(24,639
|
)
|
|
$
|
(30,392
|
)
|
|
Three Months Ended March 31,
|
||||||
|
2017
|
|
2016
|
||||
Accretion of debt discount and issuance costs
|
$
|
1,025
|
|
|
$
|
962
|
|
2.25% accrued interest
|
713
|
|
|
705
|
|
||
Total interest expense from Convertible Notes
|
$
|
1,738
|
|
|
$
|
1,667
|
|
•
|
Management defines consolidated adjusted EBITDA as net income (loss) attributable to EnerNOC, Inc., excluding depreciation, amortization and asset impairments; stock-based compensation; gains on the sale of businesses; direct and incremental expenses or gains associated with acquisitions, divestitures, reorganizations; impairment of goodwill and intangible assets; restructuring charges; interest and other income (expense), net; and benefit from (provision for) income tax.
|
•
|
Management defines free cash flow as net cash provided by (used in) operating activities less capital expenditures. Management defines capital expenditures as purchases of property and equipment, which includes capitalization of internal-use software development costs.
|
|
Three Months Ended March 31,
|
||||||
|
2017
|
|
2016
|
||||
|
|
|
|
||||
Net loss attributable to EnerNOC, Inc.
|
$
|
(32,010
|
)
|
|
$
|
(40,538
|
)
|
Depreciation, amortization and asset impairments
(1)
|
7,541
|
|
|
9,687
|
|
||
Stock-based compensation
|
2,031
|
|
|
3,115
|
|
||
Gains on sale of businesses
|
(1,726
|
)
|
|
—
|
|
||
Direct and incremental (expenses) gains associated with divestitures
(2)
|
178
|
|
|
193
|
|
||
Impairment of goodwill
|
5,886
|
|
|
—
|
|
||
Interest and other (income) expense, net
|
(49
|
)
|
|
(1,310
|
)
|
||
Provision for income tax
|
3,838
|
|
|
1,691
|
|
||
Consolidated adjusted EBITDA
|
$
|
(14,311
|
)
|
|
$
|
(27,162
|
)
|
|
|
|
|
||||
Demand Response adjusted EBITDA
|
$
|
(3,456
|
)
|
|
$
|
(3,484
|
)
|
Software adjusted EBITDA
|
$
|
(5,038
|
)
|
|
$
|
(18,007
|
)
|
Corporate unallocated expenses
|
$
|
(5,817
|
)
|
|
$
|
(5,671
|
)
|
(1)
|
Includes impairments of production equipment no longer in operation.
|
(2)
|
Includes expenses that are direct and incremental to business divestitures, including third-party professional fees for legal, accounting and valuation services.
|
|
Three months ended March 31,
|
||||||
|
2017
|
|
2016
|
||||
Net cash used in operating activities
|
$
|
(24,639
|
)
|
|
$
|
(30,392
|
)
|
Subtract: Purchases of property and equipment and capitalization of internal use software
|
(3,427
|
)
|
|
(4,391
|
)
|
||
Free cash flow
(1)
|
$
|
(28,066
|
)
|
|
$
|
(34,783
|
)
|
(1)
|
Free cash flow does not include cash received from the sale of businesses.
|
Item 3.
|
Quantitative and Qualitative Disclosures About Market Risk
|
Item 4.
|
Controls and Procedures
|
Item 1.
|
Legal Proceedings
|
Item 1A.
|
Risk Factors
|
Item 2.
|
Unregistered Sales of Equity Securities and Use of Proceeds
|
Fiscal Period
|
Total Number
of Shares
Purchased (1)
|
|
Average Price
Paid per Share (2)
|
|
Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs
|
||||
January 1, 2017 - January 31, 2017
|
35,122
|
|
|
$
|
6.00
|
|
|
—
|
|
February 1, 2017 - February 28, 2017
|
9,093
|
|
|
5.89
|
|
|
—
|
|
|
March 1, 2017 - March 31, 2017
|
35,639
|
|
|
5.54
|
|
|
—
|
|
|
Total for the first quarter of 2017
|
79,854
|
|
|
$
|
5.78
|
|
|
—
|
|
(1)
|
In connection with the vesting of restricted stock under our equity incentive plans, we repurchased a total of
79,854
shares of our common stock in the
first
quarter of fiscal
2017
to cover employee minimum statutory income tax withholding obligations, which we pay in cash to the appropriate taxing authorities on behalf of our employees. Shares withheld (or not issued) to satisfy a tax withholding obligation in connection with an award will immediately be added to the share reserve and become available for issuance.
|
(2)
|
Average price paid per share is calculated based on the average price per share paid for the repurchase of shares under our publicly announced share repurchase program and the average price per share related to shares repurchased to cover employee minimum statutory income tax withholding obligations in connection with the vesting of restricted stock under our equity incentive plans. Amounts disclosed are rounded to the nearest two decimal places.
|
Item 6.
|
Exhibits
|
31.1*
|
Certification of Chief Executive Officer of EnerNOC, Inc. pursuant to Rule 13a-14(a) or Rule 15d-14(a) promulgated under the Securities Exchange Act of 1934, as amended.
|
|
|
31.2*
|
Certification of Chief Financial Officer of EnerNOC, Inc. pursuant to Rule 13a-14(a) or Rule 15d-14(a) promulgated under the Securities Exchange Act of 1934, as amended.
|
|
|
32.1*
|
Certification of the Chief Executive Officer and Chief Financial Officer of EnerNOC, Inc. pursuant to Rule 13a-14(b) promulgated under the Securities Exchange Act of 1934, as amended, and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
|
|
|
101*
|
The following materials from EnerNOC, Inc.’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2017, formatted in XBRL (Extensible Business Reporting Language): (i) the Unaudited Condensed Consolidated Balance Sheets, (ii) the Unaudited Condensed Consolidated Statements of Operations, (iii) the Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss), (iv) the Unaudited Condensed Consolidated Statements of Cash Flows, and (v) Notes to Unaudited Condensed Consolidated Financial Statements.
|
|
*
|
Filed herewith
|
|
|
EnerNOC, Inc.
|
||
|
|
|
|
|
Date:
|
May 9, 2017
|
By:
|
|
/s/ Timothy G. Healy
|
|
|
|
|
Timothy G. Healy
|
|
|
|
|
Chief Executive Officer
|
|
|
|
|
(principal executive officer)
|
|
|
|
|
|
Date:
|
May 9, 2017
|
By:
|
|
/s/ William G. Sorenson
|
|
|
|
|
William G. Sorenson
|
|
|
|
|
Chief Financial Officer (principal financial and accounting officer)
|
1 Year Enernoc, Inc. (MM) Chart |
1 Month Enernoc, Inc. (MM) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions