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 Revolution Lighting Technologies Inc. (RVLT) jumped 17% today after announcing a new contract with the U.S. Navy.
So what: The company was selected by the U.S. Navy's Military Sealift Command to supply 17,000 Seesmart two- and four-foot LED tube lamps. The Military Sealift Command operates about 110 ships daily and is the leading provider of ocean transportation for the military.
Now what: Revenue has started to pick up for Revolution Lighting Technologies and this is a big win for the company's future success. Keep in mind that this is still a highly speculative stock with just $20 million in revenue over the past year compared to a $273 million market cap. That's too expensive for my blood and I'd rather see bottom-line profits before jumping in, so I'll sit out today's pop.
