Brian Daley out at Revolution Lighting Technologies

April 3

EXCLUSIVE:  MUST CREDIT EDISONREPORT.

EdisonReport can confirm that Brian Daley, Senior Vice President of Sales and Marketing, is no longer with Revolution Lighting.

RVLT is a small, publicly traded company, based in Connecticut that mainly sells to the ESCO market.  Their stock traded at $8.25 per share a year ago, today it is in the $3.33 range.  We think this company is a perfect example of what happens when a company goes public too early.  They have to focus on quarterly earnings and may not be able to truly invest for the long term.  In March, the company took a $41M write-off.