Is Revolution Lighting Technologies Inc (NASDAQ:RVLT) Over Optimistic?

Posted by admin October 2, 2013 0 Comment 1304 views


The LED-lighting technology-company, Revolution Lighting Technologies Inc (NASDAQ:RVLT) said that it is expecting a revenue of approximately $17M in the second half of this year. Revolution Lighting Technologies Inc (NASDAQ:RVLT) is projecting a third quarter revenue that will be in the $5M to $6M range while its fourth quarter revenue is expected to top the $10 million mark. This has been attributed to some of the company’s global orders coming in later than expected.

Charlie Schafer, Revolution Lighting Technologies Inc (NASDAQ:RVLT)’s Chief Executive officer had already announced this guidance in the investor presentation that had been held on 26 September and the news release that was posted on 1 October highlighted this estimate.

Tuesday’s trading

In Tuesday’s trading, Revolution Lighting Technologies Inc (NASDAQ:RVLT) rose 50.98%. The shares opened at a price of $2.70, climbed to an intraday high of $3.96 and dipped to a close of $3.85. Approximately 9.65 million shares were traded on Tuesday while an average volume of 0.890 million shares were traded over a 30 day period. The 52-week low of the company’s shares is $0.46 and its 52-week high is $5.50. Revolution Lighting Technologies Inc (NASDAQ:RVLT) has a market capitalization of $308.90 million.

About the company

Revolution Lighting Technologies Inc (NASDAQ:RVLT) was incorporated on 16 December 1993. It is involved in designing, manufacturing, marketing and selling commercial-grade, Light Emitting Diode replacement light-bulbs as well as LED-based signage, channel-letter and various contour-lighting products. All these products are sold under the Array Lighting, Seesmart and Lumificient brand-names.

Revolution Lighting Technologies Inc (NASDAQ:RVLT) operates in two business segments: 1) LED replacement-lamps and fixtures and 2) LED signage and lighting-strips. On 20 December 2012, it acquired Seesmart Technologies which is headquartered in Simi Valley, CA. In 2013 August, it announced the completion of the Relume Technologies acquisition. Revolution Lighting Technologies Inc (NASDAQ:RVLT) LED replacement-lamps and fixtures segment is inclusive of the Seesmart business as well as the Array business. The latter has been integrated with the former



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