secwatch.observer — SEC 8-K summary
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Issuer:     ENERGY FOCUS, INC/DE (EFOI)
CIK:        0000924168
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001628280-24-046879
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924168/000162828024046879/0001628280-24-046879-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924168/000162828024046879/efoi-20241112.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-046879

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