Energy Focus, Inc. Reports Third Quarter 2020 Financial Results

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Go back to Energy Focus, Inc. Reports Third Quarter 2020 Financial Results

Energy Focus (EFOI) Misses Q3 EPS by 15c, Revenues Miss

November 12, 2020 8:33 AM EST

Energy Focus (NASDAQ: EFOI) reported Q3 EPS of ($0.35), $0.15 worse than the analyst estimate of ($0.20). Revenue for the quarter came in at $6 million versus the consensus estimate of $6.18 million.

Third Quarter 2020 and Subsequent Business Highlights:

Net sales of $6.0 million, up 104.6% compared to the third quarter of 2019 and up 78.8% sequentially from the second quarter of 2020, reflecting increased penetration in the military market and a shift in the timing of the partial shipment of a certain military contract order from the second quarter to the third quarter of 2020;Loss from operations of... More