Revolution Lighting provides update, shares +3.9% premarket

|About: Revolution Lighting Technol... (RVLT)|By:, SA News Editor

Whereas Revolution (RVLT) previously guided for 2H pro forma revenue of $17M, it now expects Q3 revenue of $5M-$6M and Q4 revenue of $10M; the company blames the timing of certain international orders. (PR)

However, thanks in part to acquisitions (previous), full-year pro forma revenue is still expected to total $35M. Full-year organic revenue is expected to double Y/Y.

At a recent Craig-Hallum conference, Revolution said it's targeting 50%+ organic revenue growth and 35% or greater gross margins for the 2014-2016 timeframe.