Energy Focus, Inc. Suspends Sales Guidance the Fourth Quarter of 2020
November 12, 2020 at 08:30 am EST
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Energy Focus, Inc. suspending sales guidance the fourth quarter of 2020. While activities for military and maritime business remain stronger than levels a year ago, and the company expects fourth quarter 2020 sales to grow from fourth quarter 2019, the company continues to confront significant short-term uncertainties surrounding commercial business and logistics challenges on select components due to the ongoing pandemic. Therefore, the company suspending quarterly sales guidance for the time being and will resume outlook forecast as these external factors become more stable and predictable.
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. 
