secwatch.observer — SEC 8-K summary
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Issuer:     ENERGY FOCUS, INC/DE (EFOI)
CIK:        0000924168
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0000924168-23-000083
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Focus Q2 net loss $1.2M; sales down 28.7% YoY; gross margin improves
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- Net sales of $1.1M, down 28.7% YoY; commercial -54.7%, military +21.4%.
- Net loss $1.2M ($0.42/share) vs. $2.5M loss ($2.43/share) in Q2 2022; operating loss improved to $1.1M.
- Gross margin 17.0% (up from 7.4% YoY) on lower fixed costs and inventory reserve changes.
- Cash $1.3M; total availability $1.5M; completed $1.3M private placement; 1-for-7 reverse split effective June 16.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924168/000092416823000083/0000924168-23-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924168/000092416823000083/efoi-20230810.htm
  HTML page:      https://secwatch.observer/filing/0000924168-23-000083

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer