Energy Focus (EFOI) Tops Q1 EPS by 4c
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Energy Focus, Inc. Reports First Quarter 2016 Results
May 11, 2016 8:01 AM EDTSOLON, Ohio, May 11, 2016 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (NASDAQ: EFOI), a leader in LED lighting technologies, today announced financial results for the first quarter ended March 31, 2016.
First Quarter 2016 Financial Highlights:
Net sales of $8.4 million were near the higher end of the Companys first quarter guidanceNet sales declined 33% compared to the prior years first quarter due to the previously announced U.S. Defense budget impasse that has been causing a temporary slowdown in orders for military productsCommercial sales of $4.6 million represented... More