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 its participation at the LD Micro Main Event investor conference on December 15th at 1 p.m. EST. James Tu, the company's Chairman & CEO, will present to a live virtual audience. The conference features a new format where companies present for 10 minutes followed by a Q&A session with investors. The event will be held exclusively on the Sequire Virtual Events platform on December 14th and 15th. For further details, you can register at ve.mysequire.com.
Energy Focus, Inc. (NASDAQ:EFOI) reported third-quarter 2020 net sales of $6.0 million, a 104.6% increase year-over-year, driven by military market penetration and contract timing. However, the company faced an operating loss of $1.0 million, worsened from $0.8 million in Q3 2019. Despite a net loss of $1.2 million, this was an improvement from a $4.3 million loss in Q2 2020. Cash reserves rose to $2.6 million from $0.4 million in December 2019. The fourth quarter faces uncertainties due to ongoing pandemic challenges, prompting suspension of sales guidance.
Energy Focus, Inc. (NASDAQ: EFOI), a leader in sustainable LED lighting technologies, is set to announce its third-quarter financial results for the period ending September 30, 2020, premarket on November 12. A conference call will follow at 11 a.m. ET to discuss these results. Investors can join the call via toll-free or international numbers, with a conference ID provided. Additionally, the call will be webcast, available until November 27. Energy Focus is known for its innovative LED lighting solutions and has significantly serviced the U.S. Navy and various government sectors.
Energy Focus, Inc. (Nasdaq: EFOI) has launched a new range of germicidal UV-C Disinfection products, aiming to eliminate over 99.9% of pathogens, including SARS-CoV-2. The product lineup includes nUVo™, abUV™, and mUVe™, designed for various indoor environments. These advanced, ozone-free disinfection solutions leverage technologies like AI and sensors for safety and efficiency. Pre-orders are now available, with expected deliveries in Q1 2021. CEO James Tu emphasizes the critical role of these products in enhancing indoor safety amidst ongoing health concerns.
Energy Focus, Inc. (Nasdaq: EFOI) has announced its participation in the virtual Zooming with LD event on October 7, 2020, at 11:00 AM ET. James Tu, Chairman and CEO, will present and engage with investors. Interested individuals can register for the event through a provided link. Energy Focus is known for its innovative LED lighting solutions, having installed around 900,000 products for the U.S. Navy, significantly saving fuel and maintenance time. The company focuses on sustainable lighting technologies that enhance health and safety.
Energy Focus, Inc. (NASDAQ: EFOI) has secured a five-year, indefinite-delivery, indefinite-quantity contract valued at up to $4.8 million to supply LED lighting products to the U.S. Navy. The contract focuses on large LED Globe Lights that are 80% more energy-efficient than traditional incandescent lights. Additionally, the company was awarded a GSA Schedule Contract, enhancing access to federal agencies for more efficient procurement. Energy Focus aims to improve energy efficiency and well-being with its advanced lighting technologies.
Energy Focus, a leader in sustainable LED lighting, announced its participation at two investor conferences in September 2020: the H.C. Wainwright 22nd Annual Global Investment Conference on September 14 and the MicroCap Leadership Summit on September 25. CEO James Tu will present at both events, providing insights into the company's sustainable technologies and potential growth opportunities. Investors can access the presentation via the company's website. This participation underscores Energy Focus's commitment to engaging with investors and highlighting its innovative lighting solutions.
Energy Focus (NASDAQ:EFOI), a leader in sustainable LED lighting, announced its participation in the LD 500 investor conference on September 2, 2020, at 9 a.m. ET. CEO James Tu will present to a live audience. The LD 500 event takes place from September 1-4, 2020. Interested parties can access the presentation via the provided link. Energy Focus has made significant advancements in LED technology, with approximately 900,000 lighting products installed since 2007, resulting in substantial energy savings.
Energy Focus (NASDAQ:EFOI) reported Q2 2020 net sales of $3.3 million, up 8.2% year-over-year but down 11.8% sequentially, attributed to delayed military contract shipments. Net loss was $4.3 million ($1.36 per share), worsened from $2.3 million in Q2 2019, influenced by a $3.3 million warrant adjustment. The company anticipates Q3 revenues between $6 million and $7 million, signifying potential growth of 106%-140% year-over-year. Cash reserves increased to $2.7 million, bolstered by new financing facilities expanding borrowing capacity from $1.9 million to $4.8 million.
Energy Focus, a leader in sustainable LED lighting technologies, will release its second-quarter earnings on August 14, 2020, before market opening. A conference call is scheduled for 11 a.m. ET on the same day to discuss the results. Interested participants can join the call via toll-free or international numbers, or listen to the live webcast available on the company's investor relations website through August 28, 2020. Energy Focus has installed approximately 900,000 lighting products for the U.S. Navy, leading to significant energy savings.
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