Energy Focus, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 08:44 am EST
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Energy Focus, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 5.964 million compared to USD 2.915 million a year ago. Operating loss was USD 1.012 million compared to USD 833,000 a year ago. Net loss was USD 1.165 million compared to USD 946,000 a year ago. Basic loss per share from continuing operations was USD 0.35 compared to USD 0.38 a year ago. For the nine months, sales was USD 13.082 million compared to USD 9.174 million a year ago. Operating loss was USD 3.204 million compared to USD 5.785 million a year ago. Net loss was USD 6.046 million compared to USD 6.065 million a year ago. Basic loss per share from continuing operations was USD 1.89 compared to USD 2.47 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. 
