Comverge (COMV) reported results that were inline with analyst estimates on the EPS side and a bit above on the revenue side.  The company reported a non GAAP EPS loss of .39/share on revenues of $17 million vs the analyst estimate of a .39/share loss on revenues of $15.80 million.  For a company that expects to break even to post a bit of profit next year, it’s got its work cut out.  On the revenue side the growth continues, but profits remain elusive.

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As CEO’s are often are, R. Blake Young was enthusiastic about the quarter, stating, “Our explosive growth in the commercial and industrial sector in particular, punctuated by the results of the PJM 2013 auction, where we tripled revenue compared to the prior auction and increased our market share to more than 10% of the total awarded Demand Response resources, is proof positive of our position as the proven provider of comprehensive energy management solutions.”

Looking ahead, the company is reaffirming its revenue outlook for the full year and sees a range of $125 – $137 million and expect to grow total MW under management by 800MW

In my opinion, this isn’t a quarter that is going to get me off the sidelines, but it may be worth watching later in the year before they report Q4 earnings.  It’s typically the strongest quarter for the company and I expect them to do fairly well.