Energy Focus, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 09:02 am EDT
Share
Energy Focus, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 1.06 million compared to USD 1.48 million a year ago. Net loss was USD 1.17 million compared to USD 2.49 million a year ago. Basic loss per share from continuing operations was USD 0.42 compared to USD 2.43 a year ago. Diluted loss per share from continuing operations was USD 0.42 compared to USD 2.43 a year ago.
For the six months, sales was USD 1.99 million compared to USD 3.54 million a year ago. Net loss was USD 2.5 million compared to USD 5.31 million a year ago. Basic loss per share from continuing operations was USD 0.98 compared to USD 5.45 a year ago. Diluted loss per share from continuing operations was USD 0.98 compared to USD 5.45 a year ago.
Energy Focus, Inc. provides sustainable, energy-efficient lighting and controls systems products for the commercial, military maritime and consumer markets. The Company's commercial products include RedCap emergency battery backup tubular LEDs (TLEDs); EnFocus powerline lighting control platform including dimming (DM) and color tuning (DCT); light-emitting diode (LED) retrofit solutions for existing luminaires, including replacement TLEDs for linear fluorescent lamps, downlights, and retrofit kits for low-bay, high-bay and office applications; and Industrial grade LED Dock lights. Its military maritime market (MMM) LED lighting products include Military-grade Intellitube retrofit TLED and the Invisitube ultra-low EMI TLED and Military-grade fixtures, including LED globe lights, berth lights; high-bay fixtures and LED retrofit kits. The Company's primary target customers for its LED lighting and controls systems are enterprise end-users, as well as contractors or ESCOs.
ENERGY FOCUS, INC. 
