Every 10-Q that Energy Focus, Inc. (EFOI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow EFOI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full EFOI filings page.
Energy Focus, Inc. reported sharply higher sales but continued losses for the quarter ended June 30, 2026. Net sales were $3.7 million, up 228% year over year, driven by commercial and military maritime products and initial Energy Storage Systems shipments to a new customer in Australia.
Profitability deteriorated as a gross loss of $0.3 million (negative 7% margin) reflected a heavier inventory reserve. Operating expenses rose on higher credit‑loss allowances, and net loss widened to $0.9 million. Cash totaled $1.1 million against $0.9 million of short‑term debt and significant related‑party payables and purchase commitments. Management states that substantial doubt about the company’s ability to continue as a going concern persists and is seeking additional financing while investing about $1.1 million into a proposed Japan joint venture to expand energy storage solutions.
Energy Focus, Inc. reported first-quarter 2026 net sales of $0.9 million, up from $0.6 million a year earlier, driven by higher military maritime and commercial product sales. Gross profit was $0.2 million, or 23% of sales, and the company posted a net loss of $0.1 million, an improvement from a $0.3 million loss in 2025.
Cash totaled $1.1 million with no debt outstanding at March 31, 2026, but management states that substantial doubt about its ability to continue as a going concern persists due to ongoing losses, limited liquidity, and a planned $1.1 million investment commitment for a 35% stake in a Japan energy storage joint venture.
Energy Focus, Inc. (EFOI) reported Q3 2025 results with net sales of $826 thousand and a net loss of $172 thousand ($0.03 per share). Gross profit was $147 thousand on cost of sales of $679 thousand. Operating expenses fell to $322 thousand from $586 thousand a year ago, narrowing quarterly operating loss to $175 thousand.
For the nine months ended September 30, 2025, net sales were $2.585 million, net loss was $671 thousand, and operating expenses declined to $1.155 million from $1.988 million in 2024, reflecting cost controls. Cash was $897 thousand at quarter-end, up from $565 thousand at December 31, 2024. Stockholders’ equity was $3.140 million. Shares outstanding were 5,739,415 as of November 12, 2025; this is a baseline figure, not an amount being offered.
Management states substantial doubt remains about the company’s ability to continue as a going concern. The company believes it is in compliance with Nasdaq’s minimum stockholders’ equity requirement but cannot assure continued compliance. During 2025, the CEO purchased common stock in private placements totaling $900 thousand in gross proceeds.
Energy Focus, Inc. reported net sales of $1.143 million in the quarter and $1.759 million for the first six months, down 26% year-over-year for both periods. Gross profit improved to 13% of sales in the quarter (19% for six months) as fixed costs were reduced. The company recorded a net loss of $0.231 million for the quarter and $0.499 million for six months, and had cash of $0.499 million with no outstanding debt. Total assets were $4.798 million and total stockholders' equity was $2.812 million.
The company discloses that substantial doubt about its ability to continue as a going concern persists despite expense reductions and recent private placements that raised $400 thousand in 2025. Sales remain concentrated: one customer in Taiwan represented ~67% of accounts receivable and three customers accounted for ~98% of receivables. Related-party suppliers are a material concentration (86% of accounts payable and 91% of purchase commitments). The company maintains compliance with Nasdaq's minimum stockholders' equity rule but notes continued risks and a need for additional funding.