Roth Capital Downgrades Energy Focus (EFOI) to Neutral
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Energy Focus, Inc. Reports Third Quarter 2015 Results
November 4, 2015 8:07 AM ESTSOLON, Ohio, Nov. 4, 2015 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (NASDAQ: EFOI), a leader in LED lighting technologies, today announced financial results for the third quarter ended September 30, 2015.
Financial Highlights:
Record quarterly net sales of $18.3 million represents year-over-year growth of 151.0 percent Record quarterly gross margin of 49.8 percent represents 15.6 percentage points of improvement, year-over-year Record quarterly operating income of $3.7 million represents a $3.4 million year-over-year increase, or 1,076.4 percent, from $318 thousand in the third quarter of 2014 Record quarterly net income of $4.3 million, or $0.40 per diluted share, including net tax benefit of $651... More