Energy Focus (EFOI) Misses Q4 EPS by 8c

Energy Focus (NASDAQ: EFOI) reported Q4 EPS of $0.11, $0.08 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $17.2 million versus the consensus estimate of $18.08 million.

Business Outlook:

Due to the slowdown in sales of military maritime products for the U.S. Navy, we expect first quarter 2016 net sales to be between $7 and $9 million, and this will likely cause our military maritime product sales to be lower than 2015. However, we expect significant year-over-year growth in our commercial sales throughout 2016, and barring unforeseen significantly adverse economic events, we expect total sales in 2016 to exceed those in 2015. Gross margins for 2016 will be dependent on product sales mix between the military maritime and commercial products, and operating expenses are expected to increase from their current levels as we build business development infrastructure and strengthen our leadership team to support geographic and market share expansion primarily for our commercial products.

For earnings history and earnings-related data on Energy Focus (EFOI) click here.

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