Please wait while we load the requested 10-Q report or click the link below:
Opower Announces Second Quarter Financial Results
Reports revenue of $35.8 million, 15 percent year-over-year growth
Company announces major new contract worth more than $50 million over 6 years
ARLINGTON, Va. August 11, 2015 Opower (NYSE: OPWR), the global leader in cloud-based software for the utility industry, today announced its financial results for the second quarter of 2015. The company ended the quarter with revenue of $35.8 million, an increase of 15 percent year-over-year.
We delivered strong second quarter results and continue to execute on our strategy for 2015, said Dan Yates, chief executive officer of Opower. We signed new clients and noted robust renewal and expansion activity in Q2.
Opower also announced a major new contract with a large U.S. utility worth more than $50 million over 6 years. The contract includes territory-wide deployment of Opowers Digital Engagement solution and a large Energy Efficiency program.
Yates added, This large new contract combined with the steady drum beat of expansions and renewals across our client portfolio has further advanced our position as the market leader in customer engagement software for the utility industry.
Second Quarter 2015 Financial Highlights
|||Total revenue for the second quarter of 2015 was $35.8 million, an increase of 15 percent from the comparable period in 2014.|
|||GAAP operating loss was $12.1 million, compared to an operating loss of $14.7 million for the comparable period in 2014.|
|||Non-GAAP operating loss was $6.1 million, compared to a non-GAAP operating loss of $5.4 million for the comparable period in 2014.|
|||GAAP net loss was $12.0 million, compared to a net loss of $14.8 million for the comparable period in 2014. GAAP net loss per share was $0.24, based on 51.1 million weighted-average common shares outstanding, compared to a GAAP net loss per share of $0.32 for the comparable period in 2014.|
The following information was filed by Opower, Inc. (OPWR) on Tuesday, August 11, 2015 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.
View differences made from one quarter to another to evaluate Opower, Inc.'s financial trajectory
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were
removed , and by Opower, Inc..