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Mr. Bulb reaps profits from energy efficiency.
Question: How many people does it take to change a light bulb?
Answer: If the bulb is energy-efficient and the staff of Mr. Bulb is on the job, 44.
That's the total number of people employed here and in Canada by the Worcester-based company with a bright idea.
Mr. Bulb, the first publicly traded company in the Bay State that exists solely to replace existing fixtures with energy-saving systems, is lighting up Wall Street with its sales.
The conservation craze has caused the company's sales to skyrocket in the past two years. Revenue climbed to $2.3 million in 1991, up nearly four times over $600,000 in the previous year. The company projects sales to reach between $10 million and $12 million in 1992.
Mr. Bulb (BSE: BLB) went public in April and was priced at $5 per unit, which consisted of one common share and one purchase warrant. The stock has turned in a respectable performance in its first six months on Wall Street and currently trades upwards of $6 per share. …
