Energy Focus Inc
NASDAQ:EFOI
If you don’t study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.
Utilize notes to systematically review your investment decisions. By reflecting on past outcomes, you can discern effective strategies and identify those that underperformed. This continuous feedback loop enables you to adapt and refine your approach, optimizing for future success.
Each note serves as a learning point, offering insights into your decision-making processes. Over time, you'll accumulate a personalized database of knowledge, enhancing your ability to make informed decisions quickly and effectively.
With a comprehensive record of your investment history at your fingertips, you can compare current opportunities against past experiences. This not only bolsters your confidence but also ensures that each decision is grounded in a well-documented rationale.
Do you really want to delete this note?
This action cannot be undone.
| 52 Week Range |
1.21
3.16
|
| Price Target |
|
We'll email you a reminder when the closing price reaches USD.
Choose the stock you wish to monitor with a price alert.
This alert will be permanently deleted.
Energy Focus Inc
Energy Focus, Inc. engages in the design, development, and manufacture of energy-efficient lighting systems. The company is headquartered in Solon, Ohio and currently employs 58 full-time employees. The firm develops, markets and sells light-emitting diode (LED) lighting and controls products and UVCD products in the commercial market and military maritime market (MMM). The firm 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 replacement fixtures, Industrial grade LED Dock lights; and nUVo Tower and nUVo, Military-grade Intellitube retrofit TLED and the Invisitube ultra-low EMI TLED.
Energy Focus, Inc. engages in the design, development, and manufacture of energy-efficient lighting systems. The company is headquartered in Solon, Ohio and currently employs 58 full-time employees. The firm develops, markets and sells light-emitting diode (LED) lighting and controls products and UVCD products in the commercial market and military maritime market (MMM). The firm 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 replacement fixtures, Industrial grade LED Dock lights; and nUVo Tower and nUVo, Military-grade Intellitube retrofit TLED and the Invisitube ultra-low EMI TLED.
Sales Decline: Net sales for Q2 2023 were $1.1 million, down 29% from $1.5 million in Q2 2022, mainly due to lower commercial sales.
Margin Improvement: Gross margin improved to 17% in Q2 2023 from 7% a year ago and rebounded from 2% in Q1 2023, attributed to improved sales mix and lower fixed costs.
Cost Cutting: Operating expenses dropped to $1.3 million from $2.3 million a year ago, driven by reduced payroll and related expenses.
Reduced Losses: Net loss narrowed significantly to $1.2 million ($0.42 per share) from $2.5 million ($2.43 per share) in Q2 2022.
NASDAQ Compliance: The company regained compliance with NASDAQ's continued listing requirements after a reverse stock split and balance sheet improvements.
Inventory & Supply Chain: Supply chain delays affected sales, but fresh inventory of key products like RedCap and EnFocus switches has begun arriving, positioning the company for stronger demand in the second half.
Improved Liquidity: Cash increased to $1.3 million at quarter-end, up from $52,000 at the end of 2022, supported by a $1.3 million private placement.
