EnerNOC Updates Full Year 2016 Guidance - Quick Facts

(RTTNews) - EnerNOC, Inc. (ENOC) announced the company now expects fiscal 2016 GAAP Net Loss Per Share to be in a range of $3.25-$2.90, compared to the company's previous guidance range of $3.85-$3.50. The company's updated full-year guidance reflects higher revenue and adjusted EBITDA for the Demand Response segment as a result of strong operating performance in the first quarter, and lower revenue for the Software segment as a result of the planned divestiture of a utility services business in the second quarter.

For second-quarter, the company expects GAAP Net Loss Per Share to be in a range of $0.24-$0.14, and total Revenue in a range of $120-$130 million.