---
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"
generated_at: "2026-06-17T20:27:08.866926+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Energy Focus FY2022 net sales down 39.5% to $6.0M; net loss $10.3M; cash only $52K

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000924168-23-000033
- JSON: https://secwatch.observer/filing/0000924168-23-000033.json
- Plain text: https://secwatch.observer/filing/0000924168-23-000033.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fiscal year ended December 31, 2022
  - Revenue: $6.0 million
  - Net income: $10.3 million
  - EPS: $(1.27) per basic and diluted share of common stock
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/924168/000092416823000033/0000924168-23-000033-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.