Energy Focus, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 13, 2021 at 08:39 am EDT
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Energy Focus, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was USD 2.637 million compared to USD 3.783 million a year ago. Operating loss was USD 2.299 million compared to USD 1.263 million a year ago. Net loss was USD 1.642 million compared to USD 541,000 a year ago. Basic loss per share from continuing operations was USD 0.45 compared to USD 0.18 a year ago.
Energy Focus, Inc. is engaged primarily in the design, development, manufacturing, marketing and sale of energy-efficient lighting systems and controls. The Company develops, markets and sells light-emitting diode (LED) lighting and controls products in the commercial market and military maritime market (MMM). The Company specializes in LED lighting retrofit by replacing fluorescent, high-intensity discharge (HID) lighting and other types of lamps in institutional buildings for primarily indoor lighting applications with commercial and military-grade tubular LED (TLED) products, as well as other LED and lighting control products for commercial and consumer applications. The Company's products include RedCap; EnFocus; LED retrofit kits for low-bay, high-bay and office applications; Industrial grade LED Dock lights; Military-grade Intellitube retrofit TLED and the Invisitube ultra-low EMI TLED; and Military-grade fixtures, including LED globe lights, berth lights and high-bay fixtures.