Energy Focus (EFOI) Misses Q3 EPS by 2c
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Energy Focus, Inc. Reports Third Quarter 2016 Results
November 14, 2016 8:01 AM ESTSOLON, Ohio, Nov. 14, 2016 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (NASDAQ: EFOI), a leader in LED lighting technologies, today announced financial results for the third quarter ended September 30, 2016.
Third Quarter 2016 Financial Highlights:
Net sales of $8.3 million, consisting of $3.6 million in commercial and $4.7 million in military sales, compared to $18.3 million in the prior years period, principally consisting of $3.3 million in commercial and $14.9 million in military salesGross margin was 37.3%, compared with 49.8% in the prior years quarter, due to an expected shift in product mix that was more... More