June 16, 2017
The Company designs, engineers and manufactures LED lighting products with a focus on quality, affordability and one-stop shop availability. It has a product development/engineering team that continuously designs, tests and specifies new LED lighting technology and products in conjunction with their manufacturing partners. The Company added more than 300 new SKUs in 2016, including about 200 new products and 100 updated products.
Total sales for 2017 are expected to rise 85.6% to achieve $17.7 million with $4.1 million in adjusted EBITDA – more than 3x the EBITDA level of 2016.
With a base of over 1,000 customers throughout the U.S., the Company offers a wide range of new construction as well as retrofit lighting products, from LED lamps and tubes to commercial LED troffers and industrial exterior flood lights. The Company has been selected and specified by two national account retail chains to supply their store retrofit programs on year by year basis.
The Company stands out from its competitors by designing and specifying its products in-house and driving those designs and specifications to their manufacturing partners.
The Company maintains a fully equipped testing lab, including a 1-meter test sphere and gonio-photometer. All products are designed in the U.S. and manufactured in China. Quality assurance is built into the design and production process from start to finish and includes three quality inspections by three different quality control teams.
Est. 2017 Revenue: $17.7 million
Est. 2017 EBITDA: $4.1 million