Here's an interesting company that's in the lighting business. This company has many of the attributes that I like to see in an investment opportunity. The company has innovative, class- leading products; it is growing financially and is garnering an increasing following from institutional investors.

The company is called Color Kinetics Inc. (NASDAQ/CLRK). The company sells an award-winning line of solid-state lighting products, with a patented technology called "Chromacore" which generates color and white light for use in high-performance lighting environments.

Founded in 1997, the company is headquartered in Boston, MA with offices in the UK, China, and Japan. The company went public on the NASDAQ earlier in 2004. Just in the last year, Color Kinetics was awarded nine new U.S. patents and two new regional European patents.

In its most recent reporting period, the fourth quarter of 2005, the company generated revenues of $14.5 million, representing an increase of 35% over revenues of $10.7 million generated in the fourth quarter of 2004. Net income for the fourth quarter came to $1.4 million, or $0.07 per fully diluted share, compared to $626,000, or $0.03 per fully diluted share, for the fourth quarter of 2004.

For the full year ended December 31, 2005, total revenues came to $52.9 million, up 32% over revenues of $40.2 million generated in 2004. Net income for the full year grew to $4.3 million, or $0.22 per fully diluted share, compared to $2.4 million, or $0.14 per fully diluted share in 2004.

Some of the company's specialty lighting installations in 2005 were at the Time Warner Center and the Lake of Dreams at Wynn Las Vegas, and the sets of The Tonight Show and The Oprah Winfrey Show.

Color Kinetics is a young company and I think it has a bright future (sorry about the pun). Companies pay big bucks for their lighting needs and Color Kinetics not only provides traditional lighting products, but is innovating new ones to satisfy the needs of its customers.