More Questions About Revolution Technologies’ $150M Pipeline

Revolution Lighting Technologies (NASDAQ: RVLT  ) announced on Oct. 1 a “business update” that seemed to beg a numbers geek like myself to do a little math and get to the bottom line by working backwards. Pro forma revenue for 2013 was forecasted at $35 million. Organic growth was forecasted at 50% for 2014-2016, which comes out to $52.5 million, $78.75 million, and $118.13 million for each year, respectively. Revolution also targeted 15% earnings before interest, taxes, depreciation, and amortization, or EBITDA. An EBITDA of 15% for 2014-2016 comes to $7.88 million, $11.81 million, and $17.72 million for each year, respectively. Read more.