secwatch.observer — SEC 8-K summary
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Issuer:     ENERGY FOCUS, INC/DE (EFOI)
CIK:        0000924168
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0000924168-23-000094
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Focus Q3 net loss narrows to $0.9M; sales down 24% YoY
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- Net sales $1.3M, down 24.1% YoY; commercial sales fell 61.3%, military sales up 76.7%.
- Net loss $0.9M ($0.27 loss per share) vs net loss $2.7M ($2.03 loss per share) in Q3 2022.
- Gross loss margin of 3.6% improved from gross loss margin of 9.2% in the prior year.
- Cash $1.7M as of Sep 30, 2023, up from $52K at Dec 31, 2022; completed $1.8M private placement in Q3.
- Adjusted EBITDA loss of $0.9M vs loss of $2.3M in Q3 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924168/000092416823000094/0000924168-23-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924168/000092416823000094/efoi-20231109.htm
  HTML page:      https://secwatch.observer/filing/0000924168-23-000094

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