Last $3.15 USD
Change Today +0.0399 / 1.28%
Volume 34.1K
LIME On Other Exchanges
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NASDAQ CM
Berlin
As of 8:10 PM 09/15/14 All times are local (Market data is delayed by at least 15 minutes).

lime energy co (LIME) Key Developments

Lime Energy Co. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014

Lime Energy Co. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's revenue was $13,590,000 compared to $12,943,000 a year ago. Operating loss was $252,000 compared to $1,669,000 a year ago. Loss from continuing operations was $229,000 or $0.19 per basic and diluted share compared to $1,918,000 or $0.53 per basic and diluted share a year ago. Net loss available to common stockholders was $660,000 or $0.18 per basic and diluted share compared to $2,046,000 or $0.57 per basic and diluted share a year ago. Adjusted LBITDA was $6,000 compared to $1,211,000 a year ago. LBITDA was $16,000 compared to $1,533,000 a year ago. Adjusted EBITDA excluding one-time restatement and legal costs was $300,000 compared to adjusted LBITDA excluding one-time restatement and legal costs of $924,000 a year ago. For the six months, the company's revenue was $25,871,000 compared to $24,159,000 a year ago. Operating loss was $1,432,000 compared to $5,077,000 a year ago. Loss from continuing operations was $1,393,000 or $0.89 per basic and diluted share compared to $5,573,000 or $1.55 per basic and diluted share a year ago. Net loss available to common stockholders was $3,294,000 or $0.88 per basic and diluted share compared to $8,749,000 or $2.43 per basic and diluted share a year ago. Adjusted LBITDA was $872,000 compared to $4,169,000 a year ago. LBITDA was $1,011,000 compared to $7,721,000 a year ago. Adjusted LBITDA excluding one-time restatement and legal costs was $277,000 compared to $2,604,000 a year ago. Lime Energy provided earnings guidance for the third quarter of 2014. The company remains poised to make a profit in the third quarter through a combination of cost cutting and increased revenue from expanded contracts with power utilities.

Lime Energy Co. to Report Q2, 2014 Results on Aug 14, 2014

Lime Energy Co. announced that they will report Q2, 2014 results After-Market on Aug 14, 2014

Lime Energy Co., Q2 2014 Earnings Call, Aug 14, 2014

Lime Energy Co., Q2 2014 Earnings Call, Aug 14, 2014

Lime Energy Receives New Utility Program Business

Lime Energy announced it has been awarded approximately $180 million of new utility program business. The awards reflect modified and new agreements with four separate utilities that provide, in different cases, for contract extensions, modifications to program budgets, and territory expansions, including, in one case, the addition of a program budget to facilitate LED measure adoption.

Lime Energy Co. Settles Shareholder Suit for $2.5 Million

Lime Energy Co. agreed to pay $2.5 million to resolve allegations that it misreported financial revenue to investors. The lawsuit against Lime, a 'clean' energy company alleges the company created fictitious books in order to show that revenue was greater than it actually was. The lawsuit originally sought more than $8 million on behalf of shareholders. The settlement will benefit all persons who acquired Lime securities from May 14, 2008, through Dec. 27, 2012. The settlement received final approval from the district court. Attorneys in the case will receive $750,000 in fees.

 

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