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

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

Energy Focus, Inc. Reports Fourth Quarter and Fiscal Year 2018 Financial Results

April 1, 2019 4:45 PM EDT

SOLON, Ohio, April 01, 2019 (GLOBE NEWSWIRE) -- Energy Focus, Inc. (NASDAQ: EFOI), a leader in advanced LED lighting technologies, today announced financial results for its fourth quarter and fiscal year ended December 31, 2018. The Company also announced that, following a process to evaluate its strategic options, it has completed a strategic financing, which includes changes to its Board of Directors. It has also implemented cost reduction actions, and the executive management team is resigning in connection with these actions and their completion of the strategic process.

Fourth Quarter 2018 Financial Results:

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