Welcome to our dedicated page for Energy Focus news (Ticker: EFOI), a resource for investors and traders seeking the latest updates and insights on Energy Focus stock.
Energy Focus, Inc. reports developments in energy-efficient LED lighting, lighting controls, and energy infrastructure products for commercial and military maritime markets. Company updates cover EnFocus™ power line controlled dimming and color-tuning products, tubular LED lamps, military maritime lighting, UPS systems, precision cooling, and energy storage initiatives.
Recurring news also addresses financial results, project delivery in data center and industrial settings, international energy partnerships, product introductions, and board or executive changes.
Energy Focus, Inc. (NASDAQ: EFOI) has launched a marketing campaign with GRIDWISE, targeting gig drivers to promote its nUVo™ TRAVELER portable UVC air disinfectors. This collaboration aims to enhance safety against airborne pathogens, including SARS-CoV-2, by offering discounts to GRIDWISE’s 180,000 active users. The nUVo™ TRAVELER can destroy 99.9%+ of airborne pathogens in under one second and has been validated by Intertek. The partnership not only provides air safety but also supports drivers in maximizing their earnings during ongoing pandemic challenges.
Energy Focus (NASDAQ:EFOI) announced a definitive securities purchase agreement to issue 1,278,413 shares of common stock and warrants in a private placement for a total of approximately $4.5 million. The securities will be offered at a combined purchase price of $3.52 per share/warrant combination and are expected to close around December 16, 2021. Proceeds will be used for general corporate purposes, including debt reduction. The company plans to file a registration statement with the SEC within 15 days.
Energy Focus (NASDAQ: EFOI) announces the immediate availability of its nUVo™ TRAVELER air disinfectors and pre-orders for the nUVo™ TOWER. These devices are designed to eliminate over 99.9% of airborne pathogens, including SARS-CoV-2. Validated by Intertek, these UVC air disinfectors provide an effective solution for improving safety in personal and public spaces without the need for filters or chemicals. nUVo™ TRAVELER is portable and rechargeable, while nUVo™ TOWER is suited for larger areas. Free shipping and BNPL options are available in the U.S.
Energy Focus reported a 53.9% decrease in net sales for Q3 2021, totaling $2.7 million, despite a 32.5% sequential increase from Q2. The net loss narrowed to $1.1 million or $(0.22) per share, compared to $1.2 million in Q3 2020. Operating loss stood at $1.8 million, up from $1.0 million a year earlier. Inventory issues were noted, with total availability reduced to $2.1 million. The company is launching nUVo™ air disinfectors and expects growth from its human-centric lighting solutions in the post-COVID market.
Energy Focus, Inc. (NASDAQ:EFOI) will announce its financial results for Q3 and nine months ending September 30, 2021, before the market opens on November 12, 2021. A conference call is scheduled for 11:00 a.m. ET on the same day to discuss the results. Shareholders can listen to the call by dialing toll-free 1-877-451-6152 or via an online webcast. Energy Focus specializes in sustainable lighting and advanced UV-C disinfection technologies, with a notable history of serving the U.S. Navy and other governmental and commercial clients.
Energy Focus will showcase its mUVe™ UVC Robo-Disinfector at LightFair 2021 in New York City from October 25-29. As the official Virus-Targeted UVC disinfectant, mUVe™ autonomously disinfects surfaces during conference after-hours, achieving over 99.9% efficacy against pathogens like SARS-CoV-2. This collaboration highlights Energy Focus’ commitment to safety and innovation in disinfection. The company will also exhibit its LED lighting products, including the EnFocus™ Human-Centric Lighting and other UVC technology at booth #1946.
Energy Focus, Inc. (NASDAQ:EFOI) announced that its nUVo™ Tower and nUVo™ Traveler air disinfectors have passed rigorous third-party testing, achieving a microbial reduction of 94.1% to 99.9% of airborne viruses, bacteria, and mold within 30 minutes. The products are set to launch in November 2021, targeting consumers and businesses seeking enhanced environmental hygiene post-pandemic. CEO James Tu emphasized their commitment to safety and efficacy, while Senior VP Greg Galluccio highlighted the importance of these innovations for improving indoor air quality.
Energy Focus (NASDAQ:EFOI) announced its participation in the 2021 LD Micro Main Event scheduled for October 12-14, 2021, in Los Angeles. CEO James Tu will present on October 13 at 9:00 AM PT. The event will feature 150+ companies presenting in-person and virtually, with a focus on safety through the use of nUVo™ UVC air disinfectors to eliminate pathogens. Interested participants can register for the conference here.
Energy Focus, Inc. (NASDAQ:EFOI), a leader in sustainable lighting technologies, announced its participation at the H.C. Wainwright 23rd Annual Global Investment Conference, taking place virtually from September 13-15, 2021. The company's CEO, James Tu, will present an overview of the business, available on demand starting at 7:00 am ET on September 13. For 90 days, the presentation can be accessed via the company’s investor website. Energy Focus specializes in sustainable LED lighting and UVC disinfection solutions, serving a variety of sectors including government and healthcare.
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