earnings
confidence high
sentiment negative
materiality 0.60
Energy Focus Q2 net sales up 228% to $3.7M but net loss widens to $0.9M
ENERGY FOCUS, INC/DE
- Net sales $3.7M, up 228.0% YoY; military sales +328.4%, commercial +191.6% on ESS shipments to Australia.
- Gross margin turned negative at (6.8)% vs 12.9% in Q2 2025; adjusted gross margin 4.5% vs 16.7%.
- Net loss $0.9M ($0.14/share) vs $0.2M loss ($0.04/share) in Q2 2025; operating loss $0.9M vs $0.2M.
- Cash $1.1M at June 30, 2026; May 2026 private placement raised ~$250K from Euka Power Japan at $3.80/share.
- Adjusted EBITDA $(0.9)M vs $(0.3)M in Q2 2025, driven by higher inventory reserves.