EnerNOC, a developer and provider of clean and intelligent energy solutions, has reported a net loss of $11 million, or $0.57 per basic and diluted share, for the first quarter of 2008, compared to a net loss of $3.8 million, or $0.91 per basic and diluted share, for the same period of 2007.
EnerNOC reported revenues of $18.6 million for the first quarter of 2008, compared to $10 million for the same period in 2007. Cost of revenues for the first quarter of 2008 was $12.1 million, compared to $7.1 million for the same period in 2007.
Gross profit for the first quarter of 2008 was $6.5 million, compared to $2.9 million for the same period in 2007. Gross margin was 34.8% for the first quarter of 2008, compared to 29.1% for the same period of 2007.
Tim Healy, chairman and CEO of EnerNOC, said: Our first quarter financial results and reaffirmation of 2008 financial guidance reflect strong momentum in our business and continued discipline in managing our operating expenses. Our highly differentiated commercial, industrial and institutional-focused demand response and energy management solutions continue to help customers get more from energy.