Revolution Lighting Technologies Inc (NASDAQ:RVLT) Expects Higher Revenue

Posted by Michael Korte October 7, 2013 0 Comment 1060 views

Last week, Revolution Lighting Technologies Inc (NASDAQ:RVLT) announced a business update soon after Charlie Schafer, the President and Chief Financial Officer completed his presentation at the Craig-Hallum 4th-Annual Alpha Select Conference that was held on 26 September in NYC. Amongst other things, the CFO stated that he expects a more than 50% organic-growth and 155 or more of adjusted EBITDA margins. For the 2013 second half, he projects $17M of pro forma revenue.

Schafer said that the company has expanded its distribution network and complete the Relume Technologies acquisition. This has expanded the company’s product portfolio and added muscle to their management and engineering capabilities. He said that the company is now in a good position for good growth in 2014 and further as well.

Friday’s trading session

In Friday’s trading, Revolution Lighting Technologies Inc (NASDAQ:RVLT) rose by 9.47%. The opening price of the shares was $3.64, which climbed to an intraday high of $4.10 and dipped to a close of $3.93. Approximately 5.09 million shares were traded on Friday while an average volume of 1.48 million shares were traded over a 30 day period. The 52-week low of Revolution Lighting Technologies Inc (NASDAQ:RVLT) shares is $0.46 and its 52-week high is $5.50. The company has a market capitalization of $315.42 million. .

About the company

Revolution Lighting Technologies Inc (NASDAQ:RVLT) is engaged in designing, manufacturing, marketing and selling commercial-grade, LED replacement light-bulbs and LED based signage, channel-letter and contour-lighting products. It sells all these products under the 1) Array Lighting, 2) Seesmart and the 3) Lumificient brands. Revolution Lighting Technologies Inc (NASDAQ:RVLT) operates in 2 business segments: 1) LED replacement-lamps& fixtures 2) LED signage and lighting-strips. On 20 December 2012, Revolution Lighting Technologies Inc (NASDAQ:RVLT) acquired Seesmart Technologies, that is headquartered in Simi Valley, CA In 2013 August it announced the Relume Technologies acquisition completion.

About Michael Korte

Michael Korte an investigative reporter at GDP Insider and is a breaking news reporter. Michael work includes investigations of misconduct by federal prosecutors and industrial air pollution around the nation's schools. His reporting has been recognized with the Hillman Prize for Newspaper Journalism, the Grantham Prize for Excellence in Reporting on the Environment, and the Philip Meyer Journalism Award for reporting that incorporates social science methods.

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