Energy Focus FY2024 net sales $4.9M (-15%), net loss $(0.32)/share; Q4 sales -47% YoY

ENERGY FOCUS, INC/DE

FY net sales $4.9M, down 15.0% from 2023, driven by military and commercial declines.
FY gross margin improved to 14.4% from (3.9)% in 2023; operating loss narrowed to $1.8M from $4.0M.
Q4 net sales $1.3M, down 46.6% YoY due to military demand drop from U.S. election cycle.
Cash dropped to $0.6M at year-end from $2.0M; raised ~$1.3M from two private placements in 2024.
Net loss per share FY2024 $(0.32) vs $(1.32) in 2023; Q4 loss $(0.06) per share.

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