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. (EFOI) is a Nasdaq-listed manufacturer of energy-efficient LED lighting, lighting control systems, and UV-C disinfection products serving commercial, institutional, military maritime, government, and consumer markets. This news page aggregates company announcements and third-party coverage so readers can follow how Energy Focus communicates developments around its lighting and disinfection technologies.
News about Energy Focus commonly includes product and technology updates, such as enhancements to its EnFocus™ Power Line Control platform, RedCap® emergency lighting solutions, and nUVo™ UVC air disinfection line. The company also issues releases on trade show participation, where it showcases its circadian lighting, emergency lighting, and UVCD offerings to the architectural and commercial lighting community.
Investors and industry observers will also find corporate and governance updates, including executive appointments, board changes, and leadership additions in areas like government sales and commercial development. Financial communications, such as quarterly earnings announcements and details on private placements or other capital-raising activities, are typically disclosed through press releases and related conference call notices.
Because Energy Focus serves U.S. and U.S. ally navies, government entities, and large institutional customers, its news flow can touch on military maritime contracts, government and institutional projects, and adoption of its lighting controls and UVCD technologies. Bookmark this page to review historical and ongoing coverage of EFOI’s product introductions, financial disclosures, and organizational changes as reported through official news channels.
Energy Focus, Inc. (NASDAQ:EFOI) announced a registered direct offering of 990,100 shares at $5.05 each, aiming for gross proceeds of approximately $5.0 million. The offering is set to close around June 16, 2021, pending customary conditions. Proceeds will fund general corporate purposes, including potentially reducing an outstanding promissory note. H.C. Wainwright & Co. is the exclusive placement agent. This offering utilizes a previously declared shelf registration and will not be available in jurisdictions where prohibited.
Energy Focus, Inc. (NASDAQ: EFOI) has formed a marketing partnership with FirstEnergy Home and FirstEnergy Advisors to provide advanced LED lighting and UV-C disinfection products. The collaboration will feature Energy Focus' Total Solutions, a comprehensive retrofit service that includes the EnFocus™ human-centric lighting system. Additionally, the nUVo™ UV-C air disinfection products will be available for homes and businesses. This partnership aims to enhance sustainability and health benefits for commercial and residential customers, aligning with financial, environmental, and human health goals.
Energy Focus, Inc. (NASDAQ: EFOI) has partnered with threeUV to distribute its UV-C Air and Surface Disinfection solutions across the U.S., targeting public agencies and school districts. This collaboration aims to enhance disinfection efficacy and reduce labor costs, addressing safety concerns heightened by the COVID-19 pandemic. The partnership includes key products like the nUVo™ air disinfection tower and abUV™ disinfection troffer, all promising over 99.9% effectiveness against pathogens. This agreement is part of a larger $50 million contract with the National Cooperative Purchasing Alliance for UV-C solutions.
Energy Focus, Inc. (NASDAQ:EFOI) reported a net sales decline of 30.3% to $2.6 million for Q1 2021 compared to Q1 2020, attributing this to military order timing fluctuations and COVID-19 challenges. The net loss was $1.6 million or $(0.45) per share, worsening from a net income of $0.1 million in Q4 2020. Operating loss increased to $2.3 million. Cash reserves fell to $0.5 million from $1.8 million as of December 31, 2020. Despite challenges, the company is optimistic about future growth and plans to launch new products, including UV-C disinfection devices.
Energy Focus, Inc. (NASDAQ: EFOI) is set to announce its financial results for Q1 ending March 31, 2021, on May 13, 2021, before the market opens. A conference call will follow at 11 a.m. ET to discuss these results. The company, which specializes in sustainable LED lighting and UV-C disinfection products, emphasizes its innovative technologies, including the EnFocusTM lighting control platform. Energy Focus has made significant deployments in the U.S. Navy, claiming energy savings and enhanced maintenance efficiency.
Energy Focus, Inc. (NASDAQ:EFOI) has partnered with Batteries Plus Bulbs to distribute its products through over 700 U.S. stores. The offering includes the patented RedCap® emergency-backup LED tubes, military-grade DockLights, and the EnFocusTM lighting control system. This collaboration aims to enhance the availability of Energy Focus' innovative lighting solutions for both new builds and retrofitting, emphasizing energy efficiency and health benefits.
Energy Focus, Inc. (NASDAQ:EFOI) reported a strong performance for FY 2020, achieving net sales of $16.8 million, a 32.5% increase from 2019. The gross profit margin rose to 30.8%, doubling gross profit to $5.2 million. Operating losses improved to $4.1 million, reflecting a $2.9 million year-over-year improvement. Cash reserves increased to $1.8 million. The company anticipates growth in 2021, driven by new UV-C disinfection products and strong demand in military and maritime sectors.
Energy Focus, Inc. (NASDAQ: EFOI) plans to announce its financial results for the fourth quarter and fiscal year ending December 31, 2020, on March 25, 2021, before market open. A conference call is scheduled for the same day at 11 a.m. ET to discuss these results. The call will be accessible via toll-free and international numbers, and will also be available as a live webcast. Energy Focus is known for its sustainable LED lighting and recently introduced a range of UV-C disinfection products.
Energy Focus, Inc. (NASDAQ:EFOI) has been approved as a vendor for Dalkia, a subsidiary of EDF Group, to provide its LED lighting and control technologies for building energy retrofit projects. This partnership allows Dalkia to offer Energy Focus’ products, including the EnFocus™ lighting control platform, enhancing energy efficiency and sustainability solutions. Dalkia, with an annual revenue of $5 billion, seeks to decarbonize buildings and improve energy savings through reliable and innovative technologies, positioning Energy Focus as a key partner in achieving these goals.
Energy Focus, Inc. (NASDAQ:EFOI) has partnered with three new sales agencies: CW Lighting and Associates, Flex Green Lighting, and LEC and Company. These agencies will promote Energy Focus’ LED lighting, EnFocus lighting controls, and UV-C Disinfection solutions to commercial and industrial clients in designated regions. CW Lighting, Flex Green, and LEC bring strong local presence and a commitment to sustainability, aiming to enhance market reach for Energy Focus. These partnerships leverage the growing demand for innovative, energy-efficient lighting solutions.
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