Energy Focus Q2 net sales up 47% to $1.6M; net loss narrows to $0.6M

ENERGY FOCUS, INC/DE

2025-Q2 EPS reported -$0.21 revenue$2,386,000

Net sales of $1.6M in Q2 2024, up 47.2% YoY; military sales surged 95.4%.
Gross margin fell to 8.1% from 17.0%, hurt by unfavorable inventory reserve changes.
Net loss of $0.6M ($0.12/share) improved from $1.2M loss ($0.42/share) in Q2 2023.
Cash dropped to $1.1M as of June 30, 2024; drew $1.0M to pay off 2022 Streeterville note.
Raised ~$0.85M from second private placement of 534,592 shares at $1.59/share.

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