Energy Focus (EFOI) Posts Q4 Loss of $0.67/Share
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Energy Focus, Inc. Reports Fourth Quarter and Full Year 2016 Results
February 23, 2017 6:00 AM ESTSOLON, Ohio, Feb. 23, 2017 (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, 2016.
Fourth Quarter and Full Year 2016 Financial Summary
Net sales for the fourth quarter of 2016 were $7.2 million, consisting of $3.3 million in commercial and $3.9 million in military maritime sales, compared to $17.2 million, consisting of $6.9 million in commercial and $10.3 million in military maritime sales in fourth quarter of 2015.During the fourth quarter, incurred a $3.8 million inventory write-off and a $0.9 million charge... More