Last $2.30 USD
Change Today 0.00 / 0.00%
Volume 105.3K
As of 8:10 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

echelon corp (ELON) Snapshot

Open
$2.28
Previous Close
$2.30
Day High
$2.33
Day Low
$2.25
52 Week High
01/31/14 - $4.18
52 Week Low
08/7/14 - $1.77
Market Cap
100.1M
Average Volume 10 Days
122.7K
EPS TTM
$-0.40
Shares Outstanding
43.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for ECHELON CORP (ELON)

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echelon corp (ELON) Details

Echelon Corporation develops and markets energy control networking platforms. Its products enable everyday devices, including air conditioners, appliances, electricity meters, light switches, thermostats, and valves to be inter-connected. The company’s product portfolio include twisted-pair smart transceivers that can be embedded into building automation devices, such as sensors, thermostats, motion detectors, air handlers, and chillers; embedded control and communications software; SmartServer controller, a system manager and field controller for building networks and smart-energy applications; and LonWorks control networks software (LNS) and OpenLNS operating system, which are development and integration tools; and third party energy management or grid analytics software and apps. It also offers outdoor lighting controllers to address the retrofit market and to reduce time to develop and deploy intelligent luminaires; PL/RF Bridge to connect segments of streetlights; smart meters that provide revenue-grade payment capabilities; distributed control nodes, which connect smart meters and open smart grid protocol (OSGP) based grid devices; and networked energy system software to retrieve data from smart meters. In addition, the company provides Element Manager, a browser based software that provides network analysis, graphed statistics, and automated network management; and control point modules, which enable original equipment manufacturers (OEMs) to build OSGP compliant smart grid devices. It operates in the Americas; Europe, the Middle East, and Africa; and the Asia Pacific and Japan. The company markets its products and services to OEMs and systems integrators in the building, industrial, transportation, utility/home, and other automation markets through direct sales organization, third-party electronics representatives, value-added resellers, and distributors. Echelon Corporation was founded in 1988 and is headquartered in San Jose, California.

echelon corp (ELON) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $400.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $312.0K
Senior Vice President of Operations
Total Annual Compensation: $345.0K
Senior Vice President and General Manager of ...
Total Annual Compensation: $325.0K
Compensation as of Fiscal Year 2013.

echelon corp (ELON) Key Developments

Echelon Corporation Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014; Announces Impairment Charges for the Second Quarter of 2014

Echelon Corporation announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $15,039,000 against $24,836,000 a year ago. Loss from operations was $8,396,000 against $421,000 a year ago. Loss before provision for income taxes was $8,746,000 against $897,000 a year ago. Net loss attributable to company was $8,613,000 against $827,000 a year ago. Net loss per diluted share was $0.20 against $0.02 a year ago. Non-GAAP net loss was $4,225,000 against $988,000 a year ago. Non-GAAP net loss per diluted share was $0.10 against $0.02 a year ago. The company ended the quarter with $51 million in cash, as cash burn of $4.2 million approximated non-GAAP operating loss. For the six months, the company reported total revenues of $32,830,000 against $50,018,000 a year ago. Loss from operations was $12,234,000 against $9,742,000 a year ago. Loss before provision for income taxes was $12,861,000 against $10,255,000 a year ago. Net loss attributable to company was $12,586,000 against $10,074,000 a year ago. Net loss per diluted share was $0.29 against $0.23 a year ago. Non-GAAP net loss was $7,315,000 against $2,878,000 a year ago. Non-GAAP net loss per diluted share was $0.17 against $0.07 a year ago. Net cash used in operating activities was $4,689,000 against $54,000 a year ago. Capital expenditures were $400,000 against $542,000 a year ago. The company reported impairment charges of $3.4 million in the second quarter of 2014. Noncash impairment charge of $4.1 million against the value of goodwill and long-term assets associated with Grid business. This reflects expectations of the value of the business in a sale or as an operation that is scaled back to support existing customer commitments only. The company announced that pending finalization of its plans for the Grid business, Echelon's guidance for the third quarter of 2014 is as follows: total revenues are expected to be $13.5 million to $15.0 million, with approximately 65% coming from the IIoT. Non-GAAP gross margin is expected to be in a range of 45% to 47% of revenue. The company also anticipates recording restructuring and other related charges in connection with the strategic decision announced today, the size of which will be determined in the third quarter.

Echelon Makes Strategic Decision

Echelon Corporation (NasdaqGS:ELON) has made a key strategic decision. Ron Sege, Chief Executive Officer of Echelon Corporation said, "We have made the strategic decision to focus substantially all of the resources of our company to capitalize on the growing opportunity in the Industrial Internet of Things. As part of this decision, and after a thorough process of pursuing strategic alternatives for our Grid business, we have decided to scale back this business significantly to support existing commitments only, unless we are able to find a buyer in the very near-term. We believe that this will improve our financial model and accelerate our transition to the IIoT."

Echelon Corporation Presents at Jefferies 2014 Global Industrials Conference, Aug-11-2014 10:00 AM

Echelon Corporation Presents at Jefferies 2014 Global Industrials Conference, Aug-11-2014 10:00 AM. Venue: Grand Hyatt, 109 E. 42nd St., New York, New York, United States. Speakers: Ronald A. Sege, Chairman, Chief Executive Officer, President and Member of Stock Option Committee, William R. Slakey, Chief Financial Officer and Executive Vice President.

 

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