Energy Focus, Inc. Reports First Quarter 2021 Financial Results
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Energy Focus (EFOI) Reports Q1 Loss of $0.45, Revenues Miss
May 13, 2021 8:32 AM EDTEnergy Focus (NASDAQ: EFOI) reported Q1 EPS of ($0.45), versus ($0.18) reported last year. Revenue for the quarter came in at $2.6 million versus the consensus estimate of $3.75 million.
First Quarter 2021 and Subsequent Business Highlights:
Net sales of $2.6 million, down 30.3% compared to the first quarter of 2020 and down 29.6% sequentially from the fourth quarter of 2020, reflecting fluctuations in timing of military orders and funding, and continued COVID-19-related challenges in the commercial sectorLoss from operations of $2.3 million, compared to a loss from operations of $1.3 million in the first quarter of 2020 and sequentially... More