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 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.
Fool contributor Travis Hoium has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.