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Enernoc Inc (ENOC) SEC Filing 10-Q Quarterly report for the period ending Friday, June 30, 2017

Enernoc Inc

CIK: 1244937 Ticker: ENOC
Exhibit 99.1
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EnerNOC Media Relations:
Sarah McAuley
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Investor Relations:
EnerNOC Reports First Quarter 2017 Results
Boston, May 9, 2017 -- EnerNOC, Inc. (Nasdaq: ENOC), a leading provider of demand response solutions and energy intelligence software (EIS), today announced results for the quarter ended March 31, 2017.
"We are pleased by our strong start to the year for both our demand response and software businesses, with a number of key customer wins and first quarter top and bottom line results above plan," said Tim Healy, Chairman and CEO of EnerNOC.
Summary Financial Results
In Thousands, Except Per Share Amounts
 
 
 
 
Q1 2017
 
Q1 2016
Revenue
 
 
 
Demand Response
$
34,484

 
$
36,347

Software
13,625

 
17,033

Total Revenue
$
48,109

 
$
53,380

 
 
 
 
Net Loss
$
(32,010
)
 
$
(40,538
)
Net Loss Per Diluted Share
$
(1.08
)
 
$
(1.41
)
 
 
 
 
Cash Used in Operations
$
(24,639
)
 
$
(30,392
)
Free Cash Flow 1
$
(28,066
)
 
$
(34,783
)
Adjusted EBITDA1
 
 
 
Demand Response adjusted EBITDA
$
(3,456
)
 
$
(3,484
)
Software adjusted EBITDA
(5,038
)
 
(18,007
)
Corporate unallocated expenses
(5,817
)
 
(5,671
)
Consolidated adjusted EBITDA1
$
(14,311
)
 
$
(27,162
)
We adopted Accounting Standards Update 2014-09, Revenue from Contracts with Customers (ASC 606) on January 1, 2017 using the modified retrospective method. The reported results for 2017 reflect the application of ASC 606, while the reported results for 2016 were prepared under the previous revenue recognition guidance. Please refer to the schedule below for a comparison of Q1 2017 activity as reported versus pro forma, as if the previous accounting guidance was in effect. The adoption of ASC 606 had no impact on cash used in operations or free cash flow.
 
Three Months Ended March 31, 2017

As reported
 
Pro forma as if the previous accounting guidance was in effect
Revenue
 
 
 
Demand Response
$
34,484

 
$
33,196

Software
13,625

 
15,128

Total Revenues
48,109

 
48,324

Cost of revenues
33,403

 
32,668

Total operating expense, net
43,056

 
43,099

Loss from operations
$
(28,350
)
 
$
(27,443
)
1 Please refer to "Statement on Use of Non-GAAP Financial Measures" for non-GAAP definitions and refer to the financial schedules attached to this press release for a reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures.



The following information was filed by Enernoc Inc (ENOC) on Tuesday, May 9, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Enernoc Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Unaudited Condensed Consolidated Balance Sheets
Unaudited Condensed Consolidated Balance Sheets (parenthetical)
Unaudited Condensed Consolidated Statements Of Cash Flows
Unaudited Condensed Consolidated Statements Of Comprehensive Loss
Unaudited Condensed Consolidated Statements Of Income
- Variable Interest Entities (detail)
Borrowings And Credit Arrangements (detail)
Borrowings And Credit Arrangements (notes)
Borrowings And Credit Arrangements (tables)
Borrowings And Credit Arrangements - Convertible Debt (detail)
Borrowings And Credit Arrangements - Interest Expense Schedule (details)
Commitments And Contingencies
Commitments And Contingencies (detail)
Description Of Business And Basis Of Presentation
Description Of Business And Basis Of Presentation (policies)
Description Of Business And Basis Of Presentation - Reclassifications (details)
Description Of Business And Basis Of Presentation - Sale Of The Company (details)
Fair Value Measurements
Fair Value Measurements (details)
Fair Value Measurements (tables)
Fair Value Measurements - Assets And Liabilities Measured At Fair Value On Recurring Basis (detail)
Gain On Sale Of Businesses
Gain On Sale Of Businesses (details)
Gain On Sale Of Businesses (tables)
Gain On Sale Of Businesses - German Demand Response Operations And Energy Services Group (details)
Goodwill & Intangible Assets
Goodwill & Intangible Assets (tables)
Goodwill And Intangible Assets Additional Information (details)
Goodwill And Intangible Assets Amortization Expense Schedule (details)
Goodwill And Intangible Assets Schedule Of Finite-lived Intangible Assets (details)
Goodwill Schedule Of Changes In Carrying Amount Of Goodwill (details)
Income Taxes
Income Taxes (detail)
Net Income (loss) Per Share
Net Income (loss) Per Share (detail)
Net Income (loss) Per Share (tables)
Net Income (loss) Per Share - Reconciliation Of Basic And Diluted Share Amounts (detail)
Net Income (loss) Per Share Net Income (loss) Per Share - Computation Of Basic And Diluted Net Income (loss) (details)
Restructuring Activities
Restructuring Activities (tables)
Restructuring Activities - Rollforward (details)
Revenue From Contracts With Customers
Revenue From Contracts With Customers (tables)
Revenue From Contracts With Customers - Additional Disclosures (details)
Revenue From Contracts With Customers - Balance Sheet Schedule Of Reconciling Adjustments (details)
Revenue From Contracts With Customers - Cash Flow Statement Schedule Of Reconciling Items (details)
Revenue From Contracts With Customers - Concentrations Of Credit Risk Of Significant Customers (detail)
Revenue From Contracts With Customers - Disaggregation Of Revenue (details)
Revenue From Contracts With Customers - Price Allocation (details)
Revenue From Contracts With Customers - Revenue, Contract Assets And Deferred Revenue Schedule (details)
Revenue From Contracts With Customers - Statement Of Operations Schedule Of Reconciling Adjustments (details)
Segment Information
Segment Information (details)
Segment Information (tables)
Segment Information Reconciliation Of Ebitda To Loss Before Income Tax (details)
Stockholders' Equity
Stockholders' Equity (tables)
Stockholders' Equity - Foreign Currency Translation Reconciliation (details)
Stockholders' Equity - Restricted Stock Units And Restricted Stock (details)
Stockholders' Equity - Share Repurchase Activity (details)
Stockholders' Equity - Stock Based Compensation (details)
Stockholders' Equity - Stock Options (details)
Stockholders' Equity - Summary Of Stock Options (details)
Subsequent Events (details)
Subsequent Events (notes)

Material Contracts, Statements, Certifications & more

Enernoc Inc provided additional information to their SEC Filing as exhibits

Ticker: ENOC
CIK: 1244937
Form Type: 10-Q Quarterly Report
Accession Number: 0001244937-17-000101
Submitted to the SEC: Wed Aug 09 2017 10:00:14 AM EST
Accepted by the SEC: Wed Aug 09 2017
Period: Friday, June 30, 2017
Industry: Computer Programming Data Processing

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