---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-022827"
form_type: "8-K"
ticker: "EFOI"
cik: "0000924168"
company_name: "ENERGY FOCUS, INC/DE"
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T03:07:48.727191+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Energy Focus Q1 net sales $0.8M, down 10.4% YoY; net loss narrows to $0.4M

## Summary
- Net sales of $0.8M vs $0.9M in Q1 2023; military maritime sales fell $75K, commercial down $22K.
- Gross margin improved to 14.4% from 1.8% a year ago, driven by cost reduction in freight and materials.
- Net loss of $0.4M ($0.09 per share) improved from $1.3M ($0.58 per share) in Q1 2023.
- Cash fell to $1.0M from $2.0M in Dec 2023 after paying off $1.0M Streeterville note.
- Raised ~$450K via private placement of 283,109 shares at $1.59 per share in March 2024.

## SEC filing metadata
- accession: 0001628280-24-022827
- form_type: 8-K
- ticker: EFOI
- cik: 0000924168
- company_name: ENERGY FOCUS, INC/DE
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/924168/000162828024022827/0001628280-24-022827-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/924168/000162828024022827/efoi-20240513.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-022827
- JSON: https://secwatch.observer/filing/0001628280-24-022827.json
- Plain text: https://secwatch.observer/filing/0001628280-24-022827.txt

## Key facts
- Earnings Releases
  ENERGY FOCUS, INC/DE reported first quarter ended March 31, 2024 results: revenue $0.8 million, net income $0.4 million, EPS $(0.09) per basic and diluted share.
  - Period: first quarter ended March 31, 2024
  - Revenue: $0.8 million
  - Net income: $0.4 million
  - EPS: $(0.09) per basic and diluted share
  - Result: reported results
  source text: and military maritime and consumer markets, today announced financial results for its first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights: • Net sales of $0.8 million, decreased $0.1 million or 10.4% compared to the first quarter of 2023, driven by a decrease of $ 75 thousand in military maritime sales and $ 22 thousand in commercial sales .
  evidence_url: https://www.sec.gov/Archives/edgar/data/924168/000162828024022827/0001628280-24-022827-index.htm

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