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June 5, 2014
04:55 EDTPPO, PPO, RVLT, RVLT, RGSE, RGSE, APGI, APGI, ELON, ELON, MBLX, MBLX, BWEN, BWEN, ACPW, ACPWArdour Capital to hold a conference
Energy Technology & Sustainability Conference to be held in New York on June 5-6.
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May 18, 2015
08:49 EDTRGSERGS Energy 1-for-20 reverse stock split effective as of market open
RGS Energy announced that the 1-for-20 reverse split of its Class A common stock will be effective today at the open of the U.S. markets. Shares of RGS Energy Class A common stock will begin trading on a split-adjusted basis today on the NASDAQ Capital Market under the same symbol, RGSE. However, it will receive a new CUSIP number: 75601N203. The effect of the reverse stock split will be to combine each 20 shares of outstanding common stock into one new share, with no change in par value per share, and to reduce the number of shares outstanding from approximately 96M to 4.8M.
May 15, 2015
08:35 EDTELONEchelon now sees Q2 EPS (7c)-(4c) vs. previous view of (8c)-(5c)
Consensus is (6c). For Q2 2015, the lease termination agreement results in a revised estimated non-GAAP loss of ($0.04) to ($0.07) per share versus the previous guidance of ($0.05) to ($0.08). On a GAAP basis for the second quarter of 2015, the lease termination results in a revised estimated loss of ($0.05) to ($0.08) per share versus the previous guidance of ($0.07) to ($0.10). Once the company moves to a new, right-sized headquarters in Q1 2016, both GAAP and non-GAAP savings are estimated to improve by approximately $800,000 per quarter. Among other things, as a result of the lease termination, the net book value of the buildings will be reduced to approximately $5.0 million, which will then be amortized over the remainder of 2015 in conjunction with the new short-term lease. In addition, for GAAP purposes, the company will record a one-time benefit in the second quarter associated with the termination of the lease of approximately $1.5 million.
08:34 EDTELONEchelon retires $21.4M of long term facilities lease obligations
Echelon Corporation announced that it has reached an agreement with the landlord of its 150,000 square foot San Jose, CA headquarters related to the long-term leases for office space the company no longer requires. Under the terms of the agreement, the existing leases, which run through 2020, have been terminated and replaced with a short-term lease for a smaller portion of the facility that will run through the remainder of 2015. In return for this early termination, the company has agreed to a one-time up front cash payment of $10M and lease payments for the balance of 2015 totaling $900,000. This will eliminate the remaining lease obligation payments of $21.4M. As a result of this transaction, net cash on the balance sheet will increase by approximately $5.5 million. On a non-GAAP basis, the company estimates facilities related savings will be between $400,000 and $600,000 per quarter for the balance of 2015. On a GAAP basis, the company anticipates that the transaction will result in additional depreciation expense of approximately $1.5M per quarter through the end of 2015 as the remaining building assets are amortized off its balance sheet.
May 13, 2015
16:16 EDTMBLXMetabolix reports Q1 EPS (4c), one estimate (4c)
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May 12, 2015
17:54 EDTPPOOn The Fly: After Hours Movers
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17:12 EDTPPOPolypore discloses shareholder approval of merger
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08:19 EDTPPOPolypore to host special shareholder meeting
Special Shareholder Meeting to vote on the merger by and among Polypore, Asahi Kasei Corporation and ESM Holdings Corporation is being held in Charlotte, North Carolina on May 12 at 9 am.
May 11, 2015
16:21 EDTELONEchelon sees Q2 EPS (5c)-(8c), consensus (6c)
Sees Q2 revenue $8.5M-$9.5M, consensus $9.57M.
16:20 EDTELONEchelon reports Q1 EPS (3c), consensus (7c)
Reports Q1 revenue $9.87M, consensus $9.03M.
08:44 EDTRVLTRevolution Lighting sees Q2 revenue $28M-$30M, one estimate $25.9M
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08:43 EDTRVLTRevolution Lighting sees FY15 revenue $125M, one estimate $125M
Sees FY15 gross margin approx. 35%, adjusted EBITDA in the 10%-12% range with organic growth of over 40%.
08:43 EDTRVLTRevolution Lighting reports Q1 EPS (5c), one estimate (2c)
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