Highest-materiality recent filing
Energy Focus invests ~$1.1M for 35% stake in Japan energy storage project, targeting >35% IRR
Joint investment with Meihodo and Euka Power in Asakura, Fukuoka energy storage plant; grid application response received from Kyushu Electric Power.
Energy Focus completes Project G and secures $6.6M Project Y contract for data center infrastructure
Project G, a ~$0.5M UPS system installation for a Taiwan-based electronics manufacturer, substantially completed in 2025 and contributed to 2025 revenue.
Energy Focus Q3 net sales drop 31% to $0.8M; net loss narrows to $0.2M
Net sales of $0.8M down 30.9% YoY; military sales -26.6%, commercial sales -42.3%.
Energy Focus Q2 net sales down 26.4% to $1.1M; military sales plunge 71% on budget delays
Net loss narrowed to $0.2M ($0.04 per share) from $0.6M ($0.12) YoY.
Energy Focus Q1 sales down 26% to $0.6M; net loss narrows to $0.3M
Net sales $0.6M, down 26.1% YoY; military sales fell 22.7%, commercial 32.1%.
Energy Focus FY2024 net sales $4.9M (-15%), net loss $(0.32)/share; Q4 sales -47% YoY
FY net sales $4.9M, down 15.0% from 2023, driven by military and commercial declines.
Energy Focus reports Q3 2024 net loss of $0.3M, revenue down 10.7% YoY
Net sales of $1.2M, down 10.7% YoY; commercial sales fell 29.7% partially offset by MMM sales +0.6%.
Energy Focus FY2023 net loss narrows to $4.3M; Q4 sales surge 261% YoY
FY2023 net sales $5.7M, down 4.2% YoY; military products grew to 72% of sales mix from 37% in 2022.
Energy Focus Q3 net loss narrows to $0.9M; sales down 24% YoY
Net sales $1.3M, down 24.1% YoY; commercial sales fell 61.3%, military sales up 76.7%.
Energy Focus raises $1.75M in private placement of 853,658 shares at $2.05/share
Gross proceeds ~$1.75M from sale of 853,658 common shares at $2.05 each.
Energy Focus terminates CEO Lesley Matt; appoints Jay Huang as CEO and Kin Fu Chen as Chairman
Board terminated CEO Lesley Matt effective August 24, 2023.
Energy Focus Q2 net loss $1.2M; sales down 28.7% YoY; gross margin improves
Net sales of $1.1M, down 28.7% YoY; commercial -54.7%, military +21.4%.
Energy Focus raises $1.3M via private placement and appoints four new directors
Private placement of 746,875 shares at $1.76/share for gross proceeds of ~$1.3M, closed June 29.
Energy Focus stockholders approve 1-for-7 reverse stock split; effective June 16, 2023
Stockholders approved reverse stock split at ratio of 1-for-7; board set ratio on June 15, 2023.
Energy Focus Q1 net sales down 55% to $0.9M; net loss narrows to $1.3M
Net sales $0.9M, down 54.9% YoY; military sales fell 34.3%, commercial sales fell 71.7%.
Energy Focus raises $305K from directors, faces Nasdaq delisting for low equity and bid price
Issued 608,502 shares to board directors at $0.5609 and $0.5000 for $305K gross proceeds.
Energy Focus FY2022 net sales down 39.5% to $6.0M; net loss $10.3M; cash only $52K
Net sales $6.0M vs $9.9M in 2021; gross margin negative (5.3)% vs positive 17.2%.
Energy Focus receives Nasdaq delisting notice; appeals to Hearings Panel
Received Feb 21, 2023 notification of non-compliance with bid price rule; ineligible for second 180-day period due to insufficient stockholders' equity ($5M minimum not met as of Sep 30, 2022).
Energy Focus raises ~$2.1M equity from Sander; appoints Jay Huang chairman
5,446,252 shares at $0.5008 each in private placement to Sander Electronics purchasers; gross proceeds ~$2.1M.
Energy Focus faces Nasdaq delisting for insufficient equity ($1.526M vs $2.5M required)
As of Sept 30, 2022, stockholders' equity was $1.526M, below Nasdaq's $2.5M minimum requirement.
Energy Focus Q3 net sales down 36% to $1.8M; net loss $2.7M, cash only $41k
Net sales of $1.8M, down 35.8% YoY; negative gross margin of (9.2)% vs 20.5% a year ago.
Energy Focus issues $450K promissory note to director; CAO Clifford Griffin resigns
Issued $450,000 promissory note to board member Mei-Yun Huang at 8% interest, maturing June 16, 2023.
Energy Focus appoints Lesley Matt as CEO effective Sept 12, 2022
Lesley Matt, former SVP of TCP Lighting, named CEO; Stephen Socolof remains Chairman.
Energy Focus receives Nasdaq deficiency notice for bid price below $1.00; 180-day cure period
Received Nasdaq notice on Aug 23, 2022: closing bid price below $1.00 for 30 consecutive business days.
On August 28, 2023, Energy Focus, Inc. (the “Company”) received notice from Karel Robert (Kaj) den Daas, a member of the Board.
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.
the Board has appointed Kin Fu Chen as the Chairman of the Board.
The Board appointed Chiao Chieh Jay Huang to serve as the Company’s new CEO.
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.
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.
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.
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.
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.
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.
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.
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.
Max materiality 0.85 · Median 0.55 · Most common event other_material