Revolution lighting technologies provides interim sales for Q4 and FY18

Mar. 27, 2019 12:00 PM ETRevolution Lighting Technologies, Inc. (RVLT)By: Vandana Singh, SA News Editor
  • Revolution Lighting Technologies (OTC:RVLT -1.6%) estimates Q4 sales of ~$29M and ~$132M for FY18 lower than FY guidance of $140M-$145M
  • As of March 25, 2019, the Company had debt balance of ~$68.2M.
  • During Q4, the Company initiated business operation restructuring and will record primarily non-cash charges of ~$26M; restructuring efforts is expected to reduce overall annual S&A costs by ~$10M.
  • Additionally, the Company expects to record an adjustment to the carrying value of its goodwill of ~$26M.
  • Estimates backlog at ~$47M
  • Forecasts 2019 sales of ~$125M-$130M

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