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RVLT: Company Turns a Profit in Q2 And Raises Guidance

NASDAQ:RVLT

For the second quarter of 2016, the company (RVLT) reported revenues of $43.1 million versus $27.2 million in 2015, showing growth of 58%. Revenues beat expectations and EPS was in line. Taking out one-time expenses for the acquisition of TNT and stock-based compensation, non-GAAP net income was $1.3 million versus a loss of $406,000 a year ago. This resulted in a positive non-GAAP EPS of $0.07 versus a loss of $0.03 in 2015.

Investors were told to expect Q3 revenues in the range of $50-52 million and an EBITDA of approximately $5 million. The company reiterated a revenue range of $180-190 million for the year and full year 2016 EBITDA guidance of $18-20 million, which is an increase from its previous guidance of $17 million.

Marketing Expansion Should Yield...


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