The SEC stated: "Between the end of 2014 and mid-2018, Revolution and Revolution executives LaPenta, DePalma, Garner, and O'Neal falsely inflated the amount of revenue Revolution reported. Revolution published these inflated revenues in financial reports it filed with the Commission, made available to the investing public, and incorporated into a public stock offering. The inflated revenues were also included in public statements by Revolution and its executives. By doing so, Defendants misled investors and potential investors in Revolution by making it appear that the company was selling more lighting products, and making more revenue, than it actually was."

The SEC stated that: "[It] charged Connecticut-based Revolution Lighting Technologies Inc. for an accounting fraud that falsely inflated its reported revenues over a four-year period."

On October 9, 2020, the SEC issued a final judgment as to Defendant Revolution Lighting Technologies, Inc. stating: "Defendant . . . consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment."