COMVERGE, INC. company info

CIK 1372664
IRS Number 223543611
State of incorporation DE
Business address 5390 TRIANGLE PARKWAY
SUITE 300
NORCROSS
GA
30092
Mail address 5390 TRIANGLE PARKWAY
SUITE 300
NORCROSS
GA
30092

Short summary

COMVERGE, INC. is a Georgia company, with head office located at 5390 Triangle Parkway Norcross, Georgia 30092. In 2011 the company owned a total of 106.20 million USD worth of assets, including 63.64 million USD worth of current assets.

COMVERGE, INC. Income Statement

Name [in Millions USD]2008200920102011Trends
Gross Profit 33.2044.8556.01
Research and development 4.886.284.30
Operating Income (Loss) -29.41-30.84-10.07
Interest expense 2.110.882.72
Income Tax Expense (Benefit) 0.22-0.340.07
Net income -31.67-31.35-12.83

COMVERGE, INC. Balance Sheet

Name [in Millions USD]2008200920102011Trends
Cash and cash equivalents 19.5710.4321.4118.05
Accounts Receivable, Net, Current 20.1218.99
Inventories 9.648.63
Goodwill 0.500.50
Intangible Assets, Net (Excluding Goodwill) 3.653.66
Other Assets, Noncurrent 0.421.64
Total assets 98.91106.20
Current assets 68.4463.64
Accounts payable 7.796.71
Total current liabilities 44.5668.28
Long-term Debt, Excluding Current Maturities 20.250
Deferred Revenue, Noncurrent 0.910.48
Common Stock, Value, Issued 0.030.03
Retained Earnings (Accumulated Deficit) -232.78-231.49
Accumulated Other Comprehensive Income (Loss), Net of Tax 0-0.05

COMVERGE, INC. Cash Flow

Name [in Millions USD]2008200920102011Trends
Net income -31.67-31.35-12.83
Depreciation 17.696.285.99
Amortization of Intangible Assets 2.212.140.65
Deferred Income Tax Expense (Benefit) 0.22-0.390.01
Accounts receivable 4.73-12.641.33
Inventories -2.06-3.07-2.27
Accounts payable -0.961.92-3.33
Deferred revenue -1.820.390.10
Net Cash Provided by (Used in) Operating Activities 7.78-14.37-3.00
Payments to Acquire Property, Plant, and Equipment 14.9011.0410.40
Payments to Acquire Intangible Assets 1.340.080.03
Net Cash Provided by (Used in) Investing Activities -24.23-5.0917.05
Proceeds from Issuance of Long-term Debt 10.9000
Proceeds from Issuance of Common Stock 27.37-0.340.44
Net Cash Provided by (Used in) Financing Activities 12.9511.191.82
Cash and Cash Equivalents, Period Increase (Decrease) -3.50-8.2715.84