Echelon Goes “All In” on Internet of Things (IoT), but will the Strategy Work?

With the announcement last week that Echelon has completed the sale of its Smart Grid Division, the company are now “All In” on the Industrial Internet of Things. This move to focus their efforts is in tune with others in Silicon Valley, such as the recently announced Paypal spinoff from eBay, driven through by Carl Icahn to increase shareholder value. Indeed Echelon’s need for a change in strategy is greater than most. Financial results over the last 4 years have been poor at best. Revenue dropped from $111.04 in 2010 to $86.16 in 2013. Net Income was $-31.31 in 2010 and $-17.61 in 2013. CEO Ron Sege said at the time of the grid business sale “…we believe we have reached a pivotal point in the future of our IIoT business. Ultimately, we believe that if we continue to invest in both businesses, we may not succeed in either.” I personally don’t disagree with that […]

Stay ahead of the pack

with the latest independent smart building research and thought leadership.

Have an account? Login

Subscribe Now for just $180 USD per year per user ( just $15 USD per month) for Access to Quality Independent Smart Building Analysis!

What Exactly Do you Get?

  • Read every article published in full and get unlimited access to our archive of over 1,400 articles.
  • 10% discount on ALL Memoori Research reports for Subscribers! So if you only buy ONE report you will get your subscription fee back!
  • Industry-leading Analysis Every Week, Direct to your Inbox.
  • AND Cancel at any time
Subscribe Now

Most Popular Articles

Smart Buildings

essensys Flexible Workspace Technology Business & 2022 New Financials Examined

In this Research Note, we examine the flexible workspace technology business of essensys, based on their full-year results announcement of 18th October 2022, investor presentations, annual report and activities throughout the year. Listed on the AIM market of the London Stock Exchange since 2019, Essensys provides a SaaS platform and on-demand cloud services which are the […]

Smart Buildings

Mapping View Inc.’s Smart Building Strategy

View is one of the most well-known brands in the area of dynamic glass and smart windows, which are becoming an increasingly common element in smart buildings. As a start-up, View rose to unicorn status in 2018 with support from a range of top investment funds and it was one of the first smart building […]

Subscribe to the Newsletter & get all our Articles & Research Delivered Straight to your Inbox.

    1. Please enter a valid email

    2. Please enter your name

      Please enter company name

    3. By signing up you agree to our privacy policy