Comverge (COMV) Tops Q3 EPS by 1c

November 9, 2009 7:46 AM EST

Comverge, Inc. (Nasdaq: COMV) reports a Q3 loss of $0.44, 1 cent better than estimates. Third quarter revenues for 2009 were $33.2 million vs. $32.83 million consensus.

Deferred revenue on the balance sheet from the VPC contracts was $25.0 million as of September 30, 2009 compared to $4.3 million at year-end 2008, an increase of $20.7 million during the first nine months of 2009.

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