Energy Focus Inc (OQ:EFOI)
Business Focus: Lighting Fixtures
| Sector: Consumer Cyclicals | Industry: Construction Supplies & Fixtures |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 32000 Aurora Rd Ste B, 32000 AURORA ROAD SOLON OH 44139 |
| Tel: | N/A |
| Website: | https://www.energyfocus.com |
| IR: | See website |
| Key People | ||
| Chiao Chieh Huang Chief Executive Officer | James R. Warren Senior Vice President, General Counsel, Corporate Secretary | |
| Business Overview |
| Energy Focus, Inc. provides sustainable, energy-efficient lighting and controls systems products for the commercial, military maritime and consumer markets. The Company's commercial products include RedCap emergency battery backup tubular LEDs (TLEDs); EnFocus powerline lighting control platform including dimming (DM) and color tuning (DCT); light-emitting diode (LED) retrofit solutions for existing luminaires, including replacement TLEDs for linear fluorescent lamps, downlights, and retrofit kits for low-bay, high-bay and office applications; and Industrial grade LED Dock lights. Its military maritime market (MMM) LED lighting products include Military-grade Intellitube retrofit TLED and the Invisitube ultra-low EMI TLED and Military-grade fixtures, including LED globe lights, berth lights; high-bay fixtures and LED retrofit kits. The Company's primary target customers for its LED lighting and controls systems are enterprise end-users, as well as contractors or ESCOs. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Energy Focus Inc revenues decreased 4% to $5.7M. Net loss decreased 58% to $4.3M. Revenues reflect Commercial segment decrease of 57% to $1.6M. Lower net loss reflects General & Administrative decrease of 49% to $3.6M (expense), Research and development - Balancing val decrease of 60% to $587K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$8.87 to -$1.32. |
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