Revolution Lighting Technologies, Inc. announced financial results for the quarter ended March 31, 2018. For the quarter, the company reported total revenue of $33.7 million against $30.6 million for the same period a year ago. The increase in revenue primarily reflects the sales related to expanded product portfolio, including flat panels, wall packs, high bays, controls and other solutions. Net loss was $2.2 million against $5.0 million for the same period a year ago. Adjusted EBITDA was $1.0 million against LBITDA of $0.4 million for the same period a year ago. Operating loss was $1.3 million against $4.2 million for the same period a year ago, as a result of increased gross margins and decreased expenses. Non-GAAP net loss was $1.3 million against $3.2 million for the same period a year ago. Net loss per share was $0.10 per share against $0.24 per share for the same period a year ago. Non-GAAP net loss per share was $0.06 per share against $0.15 per share for the same period a year ago.

For the second quarter of 2018, the company expects revenue in the $40 - $43 million range and adjusted EBITDA in the 6% - 8% range.

For the full year of 2018, the company expects revenue in the $165 - $175 million range and adjusted EBITDA in the 8% - 10% range.