Winner: Revolution Lighting Technologies
Revolution Lighting Technologies (RVLT) develops LED solutions, serving industrial, commercial and government markets. The underlying technology has taken years to develop, but it has gotten lots of traction lately, helped in part by the recent acquisition of Seesmart.
Although the company is still fairly small, growth has been sizzling; during the latest quarter, RVLT’s revenues shot up from $1.1 million to $6.3 million. However, the company’s losses have also accelerated, bleeding $2.9 million in Q1 2013, up from $1.7 million in the year-ago period.
The LED market appears to be reaching a tipping point in terms of bulb life, brightness and color rendering. Even better, the cost savings compared to traditional alternatives can reach as much as 80%. So even amid Revolution’s eye-popping gains, the long-term prospects still look … well, bright.