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. (NASDAQ: RVLT) jumped 10% today after the company announced a fourth-quarter update.
So what: Fourth-quarter revenue is expected to be around $7 million, $3 million lower than previously expected because of a major order delay. What got more attention today was a $200 million pipeline that the company will be filling in the next 12 to 18 months.
Now what: Order momentum picked up in 2013, and that's great for Revolution Lighting's future. At this young stage in the company's history, I would be more concerned with backlog and growth potential than slightly missing its estimate last quarter. I like the company's future and expect performance to pick up quickly in 2014 and beyond.
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