secwatch.observer — SEC 8-K summary
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Issuer:     ENERGY FOCUS, INC/DE (EFOI)
CIK:        0000924168
Form:       8-K
Filed at:   2025-03-25T23:59:59+00:00
Accession:  0001628280-25-014605
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924168/000162828025014605/0001628280-25-014605-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924168/000162828025014605/efoi-20250325.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-014605

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