Demand-response company Comverge dropped some bad news into its 2011 fourth-quarter and annual earnings report Thursday, reporting that it is actively exploring financing options, including the sale of the company, to fund continuing operations.
Comverge reported a 2011 loss of $12.8 million, compared with a loss of $31.4 million in 2010, in an announcement made after market close Thursday.
The Norcross, Ga.-based company hasn’t shown an annual profit since it went public in April 2007, so that’s not surprising – but its short-term money problems are.
