{"schema_version":"secwatch.filing_event.v1","accession":"0000924168-23-000033","form_type":"8-K","ticker":"EFOI","cik":"0000924168","company_name":"ENERGY FOCUS, INC/DE","filed_at":"2023-03-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.609392+00:00","generated_at":"2026-06-17T20:27:08.866926+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Energy Focus FY2022 net sales down 39.5% to $6.0M; net loss $10.3M; cash only $52K","bullets":["Net sales $6.0M vs $9.9M in 2021; gross margin negative (5.3)% vs positive 17.2%.","Net loss $10.3M ($1.27 per share) vs $7.9M loss in 2021; operating loss $9.3M.","Cash fell to $52K from $2.7M; total availability $107K as of Dec 31, 2022.","Raised ~$1.5M from promissory notes, $2.1M strategic investment from Sander Electronics in Jan 2023, and $650K private placements.","CEO Lesley Matt, hired Sept 2022, cites supply chain constraints, pivot back to LED/military from UVCD."],"urls":{"canonical":"https://secwatch.observer/filing/0000924168-23-000033","json":"https://secwatch.observer/filing/0000924168-23-000033.json","markdown":"https://secwatch.observer/filing/0000924168-23-000033.md","text":"https://secwatch.observer/filing/0000924168-23-000033.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/924168/000092416823000033/0000924168-23-000033-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/924168/000092416823000033/efoi-20230323.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T20:27:08.866926+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e5d640637850ca80fa9f331d0e0f8a4303ede476","claim":"ENERGY FOCUS, INC/DE reported the fiscal year ended December 31, 2022 results: revenue $6.0 million, net income $10.3 million, EPS $(1.27) per basic and diluted share of common stock.","evidence_excerpt":"markets, today announced financial results for its fourth quarter and fiscal year ended December 31, 2022. Full-Year 2022 and Subsequent Business Highlights • Net sales of $6.0 million, down 39.5% from 2021, reflecting limited product availability from supply chain constraints, entering 2022 with a declining military sales pipeline, and continuing fluctuations","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/924168/000092416823000033/0000924168-23-000033-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2022"},{"label":"Revenue","value":"$6.0 million"},{"label":"Net income","value":"$10.3 million"},{"label":"EPS","value":"$(1.27) per basic and diluted share of common stock"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}