Special Reports

Color Kinetics

4Q, fiscal year

Published

19 years ago

February 4, 2005

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Color Kinetics Inc. (Boston), the company that fueled the LED color-changing lighting effects trend in retail visual merchandising, reported a 39 percent increase in revenues for its fourth quarter ended Dec. 31, 2004.

Revenues for the full year also increased 39 percent.

“2004 marked several milestones for Color Kinetics, both financially and technologically,” said chairman and ceo George Mueller. “We successfully completed an IPO, strengthened our balance sheet, achieved positive cash flow from operations, significantly improved gross margins, and delivered our first full year of profitability. We also launched the first-of-its-kind IntelliWhite series of products for specialized white light applications. Looking ahead, we believe that Color Kinetics is firmly on track to maintain its leadership position in 2005 and beyond — both in pioneering new intelligent solid-state lighting technologies and in fostering broader industry adoption.”

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