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

Posted by Beth Hart October 2, 2013 0 Comment 1277 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

About Beth Hart

Beth is from New York. She has two master’s degrees and served as a lecturer in B-School. Her master’s degree is an MBA in Global Management from the University of Phoenix (2010). She has worked for small businesses, public agencies, and large corporations. She does write articles as a freelancer.

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