Form 10-K ENERGY FOCUS, INC/DE For: Dec 31

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Go back to Form 10-K ENERGY FOCUS, INC/DE For: Dec 31

Energy Focus (EFOI) Reports Q4 Loss of $0.25/Share; Announces Strategic Financing, Board & Management Changes and Cost Reduction Actions

April 1, 2019 4:48 PM EDT

Energy Focus (NASDAQ: EFOI) reported Q4 EPS of ($0.25), versus ($0.16) reported last year. Revenue for the quarter came in at $3.1 million, versus $4.7 million reported last year.

Strategic Financing

On March 29, 2019, the Company closed a strategic financing from a group of investors (including certain investors that had filed a Schedule 13Dwith the Securities and Exchange Commission on November 30, 2018). The financing provided gross proceeds to the Company of approximately $1.7 million in exchange for subordinated convertible promissory notes that will convert into shares of the Companys Series A Convertible Preferred Stock on either April 17, 2019 or... More