Echelon Corporation ( http://www.echelon.com/ ) (Nasdaq: ELON) develops, markets, and sells system and network infrastructure products that enable everyday devices, such as air conditioners, appliances, electricity meters, light switches, thermostats, and valves to be inter-connected. It was founded in 1988 and based in San Jose, California.
As of August 17, 2010, the 52 week stock price range was $6.85 – 15.38. As of December 31, 2009, the company had a net income loss of $32,034,000. It had long term debt of $23,794,000 and net tangible assets of $107,402,000.
The primary concept of the business is to improve energy efficiency through smarter technologies. They are a primary operator in the smart grid movement and they have operations internationally.
This is a Basic Green Business, but it has shown a net income loss the past few years. It has some positive points on their financials, such as net tangible assets compared to long term debt; however, the business is slightly overvalued because of its financial returns. This is a good business to keep on radar.
Sources:
Yahoo Finance
Echelon Corporation website
