Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of LED lighting technologist Revolution Lighting Technologies (NASDAQ: RVLT ) soared a whopping 40% today after providing a business update that wowed Wall Street.
So what: Revolution has slumped in recent months on concerns over slowing growth, but CFO Charlie Schafer's presentation at the Craig-Hallum conference is reigniting optimism over the LED trends working in its favor. In fact, Shafer noted that Revolution has a robust pipeline of $150 million in actionable opportunities over the next 3-12 months and is targeting gross margins of roughly 35% for 2014-2016, giving investors some decent short and long-term visibility.
Now what: Revolution expects revenue for the second half of 2013 of $17 million and sees organic growth of greater than 50% for 2014-2016. "We expanded our distribution network and completed the acquisition of Relume Technologies, which broadened our product portfolio, and strengthened our engineering and management capabilities," said Schafer. "We are now well-positioned for the anticipated growth to come in 2014 and beyond." Of course, with the stock now up a whopping 400% over the past year and sporting price-to-sales multiple of 13, much of that growth might already be baked into the valuation.
More reliable tech picks
The tech world has been thrown into chaos as the biggest titans invade one another's turf. At stake is the future of a trillion-dollar revolution: mobile. To find out which of these giants is set to rule the next decade, we've created a free report called "Who Will Win the War Between the 5 Biggest Tech Stocks?" Inside, you'll find out which companies are set to dominate, and we'll give in-the-know investors an edge. To grab a copy of this report, simply click here -- it's free!