ENERGY FOCUS, INC/DE shareholders approved To ratify the appointment of GBQ Partners LLC as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026. at the 2026-06-12 meeting.
“Proposal 2: To ratify the appointment of GBQ Partners LLC as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026. Broker Non-Votes have been counted in the voting results below: For Against Abstain 4,401,084 16,083 29,991 The proposal to ratify the appointment of GBQ Partners LLC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026 was approved and adopted.”
Shareholder Votes
ENERGY FOCUS, INC/DE shareholders approved Election of Directors at the 2026-06-12 meeting.
“Proposal 1: Election of Directors Director Nominees For Withheld Broker Non-Votes Kin-Fu Chen 3,925,590 6,714 514,854 Jay (Chiao-Chieh) Huang 3,925,424 6,880 514,854 Wen-Jeng Chang 3,925,589 6,715 514,854 Shou-Jang Lee 3,925,673 6,631 514,854 Chao-Jen Huang 3,925,590 6,714 514,854 Wen-Cheng Chen 3,925,672 6,632 514,854 Sophia Ann Shee 3,925,577 6,727 514,854 The seven directors listed above were elected to serve until the next annual meeting of the stockholders or until their respective successors are duly elected or appointed.”
Equity Issuances
ENERGY FOCUS, INC/DE issued 65,789 shares of common stock to Euka Power Japan Co., Ltd. for $3.80 per share.
“the Company agreed to issue and sell in a private placement (the “Private Placement”) an aggregate of 65,789 shares (the “Shares”) of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), for a purchase price per share of $3.80”
Material Agreements
ENERGY FOCUS, INC/DE entered into Purchase Agreement with Euka Power Japan Co., Ltd. valued at $250,000 (effective 2026-05-29).
“On May 29, 2026 , Energy Focus, Inc., a Delaware corporation (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with Euka Power Japan Co., Ltd. (the “Purchaser”), pursuant to which the Company agreed to issue and sell in a private placement (the “Private Placement”) an aggregate of 65,789 shares (the “Shares”) of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), for a purchase price per share of $3.80, the closing price of the Common Stock on the day immediately preceding the date of the Purchase Agreement, totaling $250,000.”
Earnings Releases
ENERGY FOCUS, INC/DE reported first quarter ended March 31, 2026 results: revenue $0.9 million, net income $0.1 million, or $(0.02) per basic and diluted share, EPS $(0.02) per basic and diluted share.
“and military maritime market (“MMM”) , today announced its financial results for the first quarter ended March 31, 2026. First Quarter 2026 Financial Highlights: • Net sales of $0.9 million increased to 54.1% compared to the first quarter of 2025, reflecting an increase of $0.2 million, or 52.1% in military sales, and an increase of $0.1 million, or 56.7% in”
Earnings Releases
ENERGY FOCUS, INC/DE reported financial results for the fourth quarter ended December 31, 2025.
“announced financial results for its fourth quarter and fiscal year ended December 31, 2025”
Earnings Releases
ENERGY FOCUS, INC/DE reported the fiscal year ended December 31, 2025 results: revenue $3.6 million, net income $1.0 million, EPS $(0.18) per basic and diluted share.
“Full-Year 2025 and Subsequent Business Highlights • Net sales of $3.6 million, down 26.7% from 2024, reflecting a decrease of 42.7% in MMM sales and an increase of 10.5% in commercial sales.”
Material Agreements
ENERGY FOCUS, INC/DE entered into Purchase Agreement with Chiao Chieh (Jay) Huang and MAN-BO HOTEL CO. LTD valued at $1,200,000 (effective 2025-11-26).
“On November 26, 2025 , Energy Focus, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with each of its Chief Executive Officer and Chief Financial Officer, Mr. Chiao Chieh (Jay) Huang and MAN-BO HOTEL CO. LTD, an affiliate entity, (each, a “Purchasers”, collectively, the “Purchasers”), respectively, pursuant to which the Company agreed to issue and sell in a private placement (the “Private Placement”) 262,009 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) to each, and in aggregate, 524,018 shares of Common Stock (the “Shares”) for a purchase price per share of $2.29, the closing price of the Common Stock on the day immediately preceding the date of the Purchase Agreement, totaling $1,200,000.”
Equity Issuances
ENERGY FOCUS, INC/DE issued 524,018 shares of Common Stock of common stock to Chiao Chieh (Jay) Huang and MAN-BO HOTEL CO. LTD for $2.29 per share, totaling $1,200,000.
“common stock, par value $0.0001 per share (the “Common Stock”) to each, and in aggregate, 524,018 shares of Common Stock (the “Shares”) for a purchase price per share of $2.29, the closing price of the Common Stock on the day immediately preceding the date of the Purchase Agreement, totaling $1,200,000. The foregoing description of the Purchase”
Earnings Releases
ENERGY FOCUS, INC/DE reported first quarter ended March 31, 2024 results: revenue $0.8 million, net income $0.4 million, EPS $(0.09) per basic and diluted share.
“and military maritime and consumer markets, today announced financial results for its first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights: • Net sales of $0.8 million, decreased $0.1 million or 10.4% compared to the first quarter of 2023, driven by a decrease of $ 75 thousand in military maritime sales and $ 22 thousand in commercial sales .”
Material Agreements
ENERGY FOCUS, INC/DE entered into Purchase Agreements with certain accredited investors valued at approximately $450,143 (effective 2024-03-28).
“On March 28, 2024, Energy Focus, Inc. (the “Company”) entered into certain securities purchase agreements (the “Purchase Agreements”) with certain accredited investors (the “Purchasers”), pursuant to which the Company agreed to issue and sell in a private placement (the “Private Placement”) an aggregate of 283,109 shares (the “Shares”) of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), for a purchase price per share of $1.59.”
Earnings Releases
ENERGY FOCUS, INC/DE reported the fourth quarter and fiscal year ended December 31, 2023 results: revenue Net sales of $5.7 million, net income Net loss of $4.3 million, EPS $(1.32) per basic and diluted share of common stock.
“markets, today announced financial results for its fourth quarter and fiscal year ended December 31, 2023. Full-Year 2023 and Subsequent Business Highlights • Net sales of $5.7 million, down 4.2% from 2022, reflecting an increased military sales pipeline, superseded by decreasing commercial sales, and continuing fluctuations in the timing, pace, and size of”
Earnings Releases
ENERGY FOCUS, INC/DE reported the three and nine months ended September 30, 2023 results: revenue $1.3 million, net income $0.9 million, or $(0.27) per basic and diluted share of common stock, EPS $(0.27) per basic and diluted share of common stock.
“and military maritime market (“MMM”), today announced financial results for its third quarter ended September 30, 2023. Third Quarter 2023 Financial Highlights: • Net sales of $1.3 million, decreased 24.1% compared to the third quarter of 2022, reflecting a decrease of $0.8 million, or 61.3%, in commercial sales, partially offset by a $0.4 million, or 76.7%,”
Material Agreements
ENERGY FOCUS, INC/DE entered into Purchase Agreements with certain accredited investors (effective 2023-09-29).
“On September 29, 2023, Energy Focus, Inc. (the “Company”) entered into certain securities purchase agreements (the “Purchase Agreements”) with certain accredited investors (the “Purchasers”), pursuant to which the Company agreed to issue and sell in a private placement (the “Private Placement”) an aggregate of 853,658 shares (the “Shares”) of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), for a purchase price per share of $2.05.”
Karel Robert (Kaj) den Daas resigned as member of the Board at ENERGY FOCUS, INC/DE.
“On August 28, 2023, Energy Focus, Inc. (the “Company”) received notice from Karel Robert (Kaj) den Daas, a member of the Board.”
Kin Fu Chen was appointed as Chairman of the Board at ENERGY FOCUS, INC/DE.
“the Board has appointed Kin Fu Chen as the Chairman of the Board.”
Chiao Chieh Jay Huang was appointed as Chief Executive Officer at ENERGY FOCUS, INC/DE.
“The Board appointed Chiao Chieh Jay Huang to serve as the Company’s new CEO.”
Lesley Matt was terminated as Chief Executive Officer at ENERGY FOCUS, INC/DE.
“On August 24, 2023, the Board of Directors (the “Board”) of Energy Focus, Inc. (the “Company” or “Energy Focus”) approved the termination of the Company’s Chief Executive Officer (“CEO”), Lesley Matt, effective immediately.”
Earnings Releases
ENERGY FOCUS, INC/DE reported the three and six months ended June 30, 2023 results: revenue $1.1 million, net income $1.2 million, or $(0.42) per basic and diluted share of common stock, EPS $(0.42) per basic and diluted share.
“and military maritime market (“MMM”), today announced financial results for its second quarter ended June 30, 2023. Second Quarter 2023 Financial Highlights: • Net sales of $1.1 million, decreased 28.7% compared to the second quarter of 2022, reflecting a decrease of $0.5 million, or 54.7%, in commercial sales, partially offset by a $0.1 million, or 21.4%,”
Material Agreements
ENERGY FOCUS, INC/DE entered into Purchase Agreement with certain purchasers valued at approximately $1.3 million (effective 2023-06-29).
“On June 29, 2023, Energy Focus, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain purchasers (the “Purchasers”), pursuant to which the Company agreed to issue and sell in a private placement (the “Private Placement”) an aggregate of 746,875 shares (the “Shares”) of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), for a purchase price per share of $1.76. Aggregate gross proceeds to the Company in respect of the Private Placement is approximately $1.3 million, before offering expenses payable by the Company.”
Dr. Chao-Jen Huang was appointed as Director at ENERGY FOCUS, INC/DE.
“On July 2, 2023, the remaining members of the Board unanimously appointed the following four new members to the Board: Kin-Fu Chen, Dr. Shou-Jang Lee, Jason Tien-Chia Tsai, and Dr. Chao-Jen Huang.”
Jason Tien-Chia Tsai was appointed as Director at ENERGY FOCUS, INC/DE.
“On July 2, 2023, the remaining members of the Board unanimously appointed the following four new members to the Board: Kin-Fu Chen, Dr. Shou-Jang Lee, Jason Tien-Chia Tsai, and Dr. Chao-Jen Huang.”
Dr. Shou-Jang Lee was appointed as Director at ENERGY FOCUS, INC/DE.
“On July 2, 2023, the remaining members of the Board unanimously appointed the following four new members to the Board: Kin-Fu Chen, Dr. Shou-Jang Lee, Jason Tien-Chia Tsai, and Dr. Chao-Jen Huang.”
Kin-Fu Chen was appointed as Director at ENERGY FOCUS, INC/DE.
“On July 2, 2023, the remaining members of the Board unanimously appointed the following four new members to the Board: Kin-Fu Chen, Dr. Shou-Jang Lee, Jason Tien-Chia Tsai, and Dr. Chao-Jen Huang.”
Stephen Socolof resigned as Director at ENERGY FOCUS, INC/DE.
“On June 28, 2023, the Company received notices of resignation from the following four members of the Board: Jennifer Cheng, Brian Lagarto, Jeffery Parker, and Stephen Socolof.”
Jeffery Parker resigned as Director at ENERGY FOCUS, INC/DE.
“On June 28, 2023, the Company received notices of resignation from the following four members of the Board: Jennifer Cheng, Brian Lagarto, Jeffery Parker, and Stephen Socolof.”
Brian Lagarto resigned as Director at ENERGY FOCUS, INC/DE.
“On June 28, 2023, the Company received notices of resignation from the following four members of the Board: Jennifer Cheng, Brian Lagarto, Jeffery Parker, and Stephen Socolof.”
Jennifer Cheng resigned as Director at ENERGY FOCUS, INC/DE.
“On June 28, 2023, the Company received notices of resignation from the following four members of the Board: Jennifer Cheng, Brian Lagarto, Jeffery Parker, and Stephen Socolof.”
Governance Changes
ENERGY FOCUS, INC/DE: Amended certificate of incorporation to effect a 1-for-7 reverse stock split (effective 2023-06-16).
“The Certificate of Amendment was filed with the Secretary of State of the State of Delaware on June 15, 2023, and the Reverse Stock Split became effective at 5:00 pm Eastern time on June 16, 2023”
Shareholder Votes
ENERGY FOCUS, INC/DE shareholders approved Approval, on an advisory basis, of the compensation of our named executive officers at the 2023-06-15 meeting.
“Proposal 4: Approval, on an advisory basis, of the compensation of our named executive officers: For Against Abstain Broker Non-Votes 7,973,490 2,501,004 42,051 2,468,065”
Shareholder Votes
ENERGY FOCUS, INC/DE shareholders approved Ratification of the appointment of GBQ Partners LLC as the Company’s independent registered public accounting firm for the year ending December 31, 2023 at the 2023-06-15 meeting.
“Proposal 3: Ratification of the appointment of GBQ Partners LLC as the Company’s independent registered public accounting firm for the year ending December 31, 2023: For Against Abstain 9,906,835 3,068,055 9,720”
Shareholder Votes
ENERGY FOCUS, INC/DE shareholders approved Approval of a discretionary amendment to the Company’s certificate of incorporation, as amended, to effect a reverse stock split of the Company’s common stock at a ratio of at least 1-for-2 and up to 1-for-10, with the exact ratio within the foregoing range to be determined by the Company’s board of at the 2023-06-15 meeting.
“Proposal 2: Approval of a discretionary amendment to the Company’s certificate of incorporation, as amended, to effect a reverse stock split of the Company’s common stock at a ratio of at least 1-for-2 and up to 1-for-10, with the exact ratio within the foregoing range to be determined by the Company’s board of directors: For Against Abstain 11,730,677 1,239,831 14,102”
Shareholder Votes
ENERGY FOCUS, INC/DE shareholders approved Election of Directors at the 2023-06-15 meeting.
“Proposal 1: Election of Directors: Director Nominees For Withheld Broker Non-Votes Wen-Jeng Chang 9,594,060 922,485 2,468,065 Jennifer Cheng 3,919,240 6,597,305 2,468,065 K.R. “Kaj” den Daas 4,255,934 6,260,611 2,468,065 Jay (Chiao Chieh) Huang 9,691,075 825,470 2,468,065 Gina (Mei Yun) Huang 9,701,856 814,689 2,468,065 Brian Lagarto 4,267,535 6,249,010 2,468,065 Jeffery Parker 4,258,999 6,257,546 2,468,065 Stephen Socolof 3,932,739 6,583,806 2,468,065”
Earnings Releases
ENERGY FOCUS, INC/DE reported three months ended March 31, 2023 results: revenue Net sales of $0.9 million, net income Net loss of $1.3 million, EPS $(0.08) per basic and diluted share of common stock.
“and military maritime and consumer markets, today announced financial results for its first quarter ended March 31, 2023. First Quarter 2023 Financial Highlights: • Net sales of $0.9 million, decreased 54.9% compared to the first quarter of 2022, reflecting a $0.3 million, or 34.3% decrease in military sales, and a $0.8 million, or 71.7% decrease in commercial sales,”
Material Agreements
ENERGY FOCUS, INC/DE entered into Exchange Agreement with Streeterville Capital, LLC valued at $250,000 (effective 2023-03-31).
“On March 31, the Company entered into an Exchange Agreement (the “Exchange Agreement”) with Streeterville Capital, LLC (the “Lender”), to whom the Company previously sold and issued that certain Promissory Note dated April 21, 2022 (as amended, the “Original Note”).”
Listing & Compliance Notices
ENERGY FOCUS, INC/DE received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(2)(A)).
“March 28, 2023, the Company received written notification (the “Additional Staff Determination”) from the Staff stating that (i) following the Bid Price Notification, and in accordance with Listing Rule 5810(c)(2)(A), Nasdaq is no longer permitted to consider the Plan, (ii) the Additional Staff Determination serves as an additional basis for delisting the Company’s common stock from Nasdaq and (iii) the Panel will consider the Additional Staff Determination in rendering a determination regarding the continued listing of the Company’s common stock on Nasdaq. The Company intends to diligently pu”
Listing & Compliance Notices
ENERGY FOCUS, INC/DE received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).
“November 16, 2022, the Company received a written notification from the Listing Qualifications staff (the “Staff”) of The Nasdaq Stock Market (“Nasdaq”) that the Company is not in compliance with the minimum stockholders’ equity requirement for continued listing on the Nasdaq Capital Market. Nasdaq Listing Rule 5550(b)(1) requires listed companies to maintain stockholders’ equity of at least $2,500,000 (the “Stockholders’ Equity Requirement”). The Company’s Form 10-Q for the Quarterly Period Ended September 30, 2022 filed on November 10, 2022 reflected that the Company’s stockholders’ equity a”
Earnings Releases
ENERGY FOCUS, INC/DE reported the fiscal year ended December 31, 2022 results: revenue $6.0 million, net income $10.3 million, EPS $(1.27) per basic and diluted share of common stock.
“markets, today announced financial results for its fourth quarter and fiscal year ended December 31, 2022. Full-Year 2022 and Subsequent Business Highlights • Net sales of $6.0 million, down 39.5% from 2021, reflecting limited product availability from supply chain constraints, entering 2022 with a declining military sales pipeline, and continuing fluctuations”
Material Agreements
ENERGY FOCUS, INC/DE entered into Purchase Agreement with Mei Yun (Gina) Huang valued at $400 thousand (effective 2023-02-24).
“On February 24, 2023, Energy Focus, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with Mei Yun (Gina) Huang, a member of the Company’s board of directors, pursuant to which the Company agreed to issue and sell, in a private placement (the “Private Placement”) 803,212 shares (the “Shares”) of the Company’s common stock, par value $0.0001 per share, for a purchase price of $0.4980 per share. Gross proceeds to the Company in respect of the Private Placement are $400 thousand, before deducting estimated offering expenses payable by the Company.”
Listing & Compliance Notices
ENERGY FOCUS, INC/DE received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).
“February 21, 2023, the Company received written notification (the “Notification”) from Nasdaq stating that the Company had not regained compliance with the Rule and was ineligible to obtain a second 180 calendar day period to regain compliance because it did not meet the Nasdaq Capital Market’s minimum $5,000,000 Stockholders’ Equity initial listing requirement as of September 30, 2022. Pursuant to the Notification, the Company’s common stock is subject to delisting from Nasdaq pending the Company’s opportunity to request a hearing before the Nasdaq Hearings Panel (the “Panel”). The Company in”
Wen-Jeng Chang was appointed as director at ENERGY FOCUS, INC/DE.
“On February 16, 2023, the board of directors (the “Board”) of Energy Focus, Inc. (the “Company”) appointed Wen-Jeng Chang as a director of the Company, effective immediately.”
Debt Financings
ENERGY FOCUS, INC/DE amended credit facility of $3,500,000 to $500,000 with Crossroads Financial Group, LLC at Three Month Libor rate plus 5.5% (currently 10.28% per annum) maturing December 31, 2023.
“the remaining outstanding obligations under the Inventory Facility, and to reduce the maximum amount that may be available to the Company under the Inventory Facility from $3,500,000 to $500,000, subject to the borrowing base as set forth in the Inventory Loan Agreement. Pursuant to the Crossroads Amendment, Crossroads and the Company also agreed to extend the”
Material Agreements
ENERGY FOCUS, INC/DE amended Amendment to Promissory Note with Streeterville Capital, LLC (effective 2023-01-17).
“On January 17, 2023, the Company and Streeterville entered into an Amendment to Promissory Note (the “Streeterville Amendment”)”
Material Agreements
ENERGY FOCUS, INC/DE amended Second Amendment to the Inventory Loan Agreement with Crossroads Financial Group, LLC (effective 2023-01-18).
“On January 18, 2023, the Company and Crossroads entered into a Second Amendment to the Inventory Loan Agreement (the “Crossroads Amendment”)”
Material Agreements
ENERGY FOCUS, INC/DE entered into Registration Rights Agreement with the Purchasers (effective 2023-01-17).
“Registration Rights Agreement On January 17, 2023, in connection with the Purchase Agreement, the Company entered into a registration rights agreement (the “Registration Rights Agreement”) with each of the Purchasers.”
Stephen Socolof was appointed as Lead Independent Director at ENERGY FOCUS, INC/DE.
“former Chairman, Stephen Socolof, was appointed to serve as Lead Independent Director”
Chiao Chieh (Jay) Huang was appointed as Chairman of the Board at ENERGY FOCUS, INC/DE.
“Mr. Huang was also appointed to serve as the Chairman of the Board”
Chiao Chieh (Jay) Huang was appointed as Director at ENERGY FOCUS, INC/DE.
“On January 23, 2023, the Board appointed Chiao Chieh (Jay) Huang as a director of the Company, effective immediately.”
Material Agreements
ENERGY FOCUS, INC/DE entered into Purchase Agreements with Mei-Yun (Gina) Huang valued at $250 thousand (effective 2023-01-10).
“On January 10, 2023, the Company entered into a securities purchase agreement (collectively with the January 5 Purchase Agreement, the “Purchase Agreements”) with the Purchaser, pursuant to which the Company agreed to issue and sell, in a private placement (collectively with the January 5 Private Placement, the “Private Placements”) 325,803 shares (collectively with the January 5 Shares, the “Shares”) of the Company’s Common Stock for a purchase price of $0.4604 per share.”
Material Agreements
ENERGY FOCUS, INC/DE entered into January 5 Purchase Agreement with Mei-Yun (Gina) Huang valued at $250 thousand (effective 2023-01-05).
“On January 5, 2023, Energy Focus, Inc. (the “Company”) entered into a securities purchase agreement (the “January 5 Purchase Agreement”) with Mei-Yun (Gina) Huang, a member of the Company’s board of directors (the “Purchaser”), pursuant to which the Company agreed to issue and sell, in a private placement (the “January 5 Private Placement”) 257,798 shares (the “January 5 Shares”) of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) for a purchase price of $0.3879 per share.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.