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Revolution Lighting Sends Notification to Nasdaq Related to Delayed SEC Filings

1162 Days ago

STAMFORD, Conn., April 30, 2019 (GLOBE NEWSWIRE) -- Revolution Lighting Technologies, Inc. (NASDAQ: RVLT) (“Revolution Lighting” or the “Company”), a global provider of advanced LED lighting solutions, announced today that on April 30, 2019 the Company sent a notification to the Nasdaq Stock Market (“Nasdaq”), stating that the Company has concluded it will not be able to regain compliance with Listing Rule 5250(c)(1) (the “Financial Reporting Rule”) by May 8, 2019.

As previously announced, the Company has received notifications from Nasdaq stating that, as a result of not having timely filed its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2018 and its Annual Report on Form 10-K for the fiscal year ended December 31, 2018, the Company is not in compliance with the Financial Reporting Rule, which requires timely filing of periodic financial reports with the Securities and Exchange Commission (“SEC”). Nasdaq previously granted the Company an exception period until May 8, 2019 to regain compliance with the Financial Reporting Rule.

The Company intends to file the delinquent Form 10-K, including the information required in the delinquent Form 10-Q, as soon as possible. However, the Company cannot provide assurance either that it will make all delinquent filings or that all such filings will be made before the Company becomes subject to delisting from Nasdaq. 

About Revolution Lighting Technologies Inc.

Revolution Lighting Technologies, Inc. is a leader in the design, manufacture, marketing, and sale of LED lighting solutions focusing on the industrial, commercial and government markets in the United States, Canada, and internationally. Through advanced LED technologies, Revolution Lighting has created an innovative lighting company that offers a comprehensive advanced product platform of high-quality interior and exterior LED lamps and fixtures, including signage and control systems. Revolution Lighting is uniquely positioned to act as an expert partner, offering full service lighting solutions through our operating divisions including Energy Source, Multi-Family and Tri-State LED to transform lighting into a source of superior energy savings, quality light and well-being. Revolution Lighting Technologies markets and distributes its products through a network of regional and national independent sales representatives and distributors, as well as through energy savings companies and national accounts. Revolution Lighting Technologies trades on the Nasdaq Capital Market under the ticker RVLT. For more information, please visit rvlti.com and connect with the Company on Twitter, LinkedIn and Facebook.

Forward-looking statements

Except for statements of historical fact, the matters discussed herein are “forward-looking statements” within the meaning of the applicable securities laws and regulations. The words “estimates”, “expects,” “intends,” “believes” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements, including statements regarding when the Company will make its delinquent filings and whether the Company will regain compliance with Nasdaq’s continued listing requirements, involve risks and uncertainties that may cause actual results to differ materially from those stated here. Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the risk that the Company will be unable to make its delinquent filings before it becomes subject to delisting from Nasdaq, or at all, and the other risks described more fully in the Company’s filings with the SEC. Forward-looking statements reflect the views of the Company’s management as of the date hereof. The Company does not undertake to revise these statements to reflect subsequent developments.

RVLT Investor Relations Contact:
Amato and Partners, LLC
Investor Relations Counsel

Source: Revolution Lighting Technologies, Inc.

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