Small Cap Stocks To Watch - ENOC, MIPS, JIVE
Nov 06, 2012 (Menafn - M2 PRESSWIRE via COMTEX) --EnerNOC ENOC 11.68. Announced Monday after market close financial results for the third quarter ended September 30, 2012. Revenues for the third quarter totaled 177.9 million, compared with 169.2 million in the third quarter of 2011, an increase of 5.2%.Gross profit for the third quarter was 95.0 million, compared with 84.8 million in the third quarter of 2011, an increase of 12.0%. Gross margin increased to 53.4% from 50.1% in the third quarter of 2011, primarily due to improved management of the Company's portfolio of demand response capacity, including the Company's participation in incremental auctions and lower costs associated with C&I contracts.
GAAP net income for the third quarter was 60.3 million, compared to net income of 46.9 million for the third quarter of 2011. GAAP earnings per share for the third quarter of 2012 was 2.21 per diluted share, compared to 1.77 for the third quarter of 2011. Excluding stock-based compensation and amortization expense related to acquired intangible assets, non-GAAP net income was 65.5 million or 2.40 per diluted share, compared to 52.1 million and 1.96 per diluted share for the same quarter last year.
What They Do: EnerNOC unlocks the full value of energy management for our utility and commercial, institutional, and industrial (C&I) customers by reducing real-time demand for electricity, increasing energy efficiency, improving energy supply transparency in competitive markets, and mitigating emissions.
MIPS Technologies MIPS 7.02. Today announced it has entered into separate definitive agreements with Bridge Crossing LLC ("Bridge Crossing"), an acquisition vehicle of Allied Security Trust ("AST"), and Imagination Technologies Group plc with net proceeds of approximately 7.31 per share in cash to each holder of MIPS common stock. The total value of the transaction represents a 40% premium to the closing price on April 11, 2012, the day prior to the first public rumor of a potential sale of MIPS.
Bridge Crossing will acquire 498 of MIPS' total 580 patent assets for gross proceeds of 350 million. MIPS will retain the remaining 82 patent properties that are directly relevant and key to the MIPS architecture, and will also be granted a royalty-free, perpetual license under all of the patent properties sold to Bridge Crossing. MIPS will also provide a restricted license to Bridge Crossing under the 82 retained patent properties. Subject to consummation of the Bridge Crossing transaction, Imagination will acquire the operating business of MIPS, the 82 aforementioned patent properties, and license rights to all of the remaining patent properties of MIPS for 60 million.
What They Do: MIPS Technologies, Inc. is a leading provider of industry-standard processor architectures and cores for home entertainment, networking, mobile and embedded applications.
Jive Software JIVE 11.20. Announced Monday after market close financial results for its third quarter ended September 30, 2012. Total revenue for the third quarter was 28.9 million, an increase of 39% on a year-over-year basis. Within total revenue, product revenue was 25.9 million for the third quarter, an increase of 48% on a year-over-year basis. Professional Services revenue for the third quarter was 3.0 million, a decrease of 9% on a year-over-year basis.
GAAP net loss for the third quarter was 11.3 million, compared to a net loss of 7.6 million for the same period last year. GAAP net loss per share for the third quarter was 0.18, based on 62.9 million weighted-average shares outstanding, compared to a net loss per share of 0.31, based on 24.8 million weighted-average shares outstanding for the same period last year.
What They Do: Jive Software is a leading global social business company.
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