Energy Focus (EFOI) Misses Q4 EPS by 8c
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Energy Focus, Inc. Reports Fourth Quarter and Full Year 2015 Results
March 10, 2016 8:30 AM ESTSOLON, Ohio, March 10, 2016 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (NASDAQ: EFOI), a leader in LED lighting technologies, today announced financial results for the fourth quarter and full year ended December 31, 2015.
Fourth Quarter 2015 Highlights:
Net sales increased 95% year-over-year to $17.2 million from $8.8 million in last years fourth quarterRecord commercial sales grew 396% year-over-year to $6.9 million compared to $1.4 million, and 107% sequentially from $3.3 million reported in the third quarter of 2015Gross margin was 43.9% compared to 36.1% in the fourth quarter of 2014Income from continuing operations swung to a positive $1.7... More