Nexxus Lighting, Inc. ( http://www.nexxuslighting.com/ ) (Nasdaq:NEXS) engages in the design, manufacture, marketing, and sale of light emitting diode (LED) and fiber optic lighting products primarily in the United States. It was founded in 1991 and is headquartered in Charlotte, North Carolina.
As of August 22, 2010, its 52 week stock price range was $1.83 – 6.59. As of December 31, 2009, it had a net income loss of $7,155,000. It had long term debt of $3,417,000 and net tangible assets $15,443,000.
The company holds multiple patents in advanced lighting technology. Its business model helps to reduce energy use through more efficient lighting.
This is a Basic Green Business. It is properly valued because of its business model and market position as well as its low stock price range. However, investors should consider the fact that it shows a net income loss and has some degree of long term debt. It, however, has a good amount of net tangible assets in proportion to debt.
Sources:
Yahoo Finance
Nexxus Lighting, Inc. website
Gothic Green Blogs and Sites:
http://www.gothicgreen.biz/ The Formula of Sustainable Design
http://www.gothicgreen.net/ Green Social Niche
http://greenbusiness.livejournal.com/ Gothic Green Business Journal
http://www.gothicgreen.info/ Sustainable Concepts and Designs by Gothic Green
