Energy Focus (EFOI) Misses Q2 EPS by 25c; Issues Light Q3 Sales Outlook
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Energy Focus, Inc. Reports Second Quarter 2016 Results
August 11, 2016 8:02 AM EDTSOLON, Ohio, Aug. 11, 2016 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (NASDAQ: EFOI), a leader in LED lighting technologies, today announced financial results for the second quarter ended June 30, 2016.
Second Quarter 2016 Financial Highlights:
Net sales of $7.1 million consisting of $3.3 million in commercial sales, which reflected a reduction of $814 thousand for product returns and related credits, and $3.8 million in military sales, compared to $16.2 million in the prior years period, consisting of $2.1 million in commercial and $14.1 million in militaryGross margin was 35.4% compared with 45.8% in... More