Revolution Lighting jumps after providing Q4 numbers, guidance

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

In a business update, Revolution Lighting (RVLT +7.7%) says it expects to report Q4 revenue of $7M (+600% Y/Y, or +100% exc. acquisitions). That's less than a prior forecast of $10M, something the LED lighting system vendor blames on the delay of a major international order.

More importantly, Revolution is forecasting 2014 revenue of $50M (50%+ organic revenue growth), and says it has a pipeline of "close to $200 million in actionable opportunities over the next 12 to 18 months."

2014 gross margin is expected to be at 35% or higher. That's compares with a Q3 level of 26%, and a Q2 level of 49%.

Revolution's full Q4 results arrive on March 13.