Energy Focus reports Q3 2024 net loss of $0.3M, revenue down 10.7% YoY

ENERGY FOCUS, INC/DE

2025-Q3 EPS reported -$0.27 revenue$3,582,000

Net sales of $1.2M, down 10.7% YoY; commercial sales fell 29.7% partially offset by MMM sales +0.6%.
Gross margin improved to 15.7% from (3.6)% in Q3 2023; adjusted gross margin 24.5% vs 1.0%.
Net loss of $0.3M ($0.06 per share) improved from $0.9M ($0.27) in Q3 2023; operating loss $0.4M vs $0.9M.
Cash $0.8M as of Sep 30, 2024 vs $2.0M at Dec 31, 2023; used $1.1M on accounts receivable timing.
Raised $1.3M in two private placements during 2024; paid off $1.0M Streeterville Note in Jan 2024.

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