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Energy Focus reported a 53.9% decrease in net sales for Q3 2021, totaling $2.7 million, despite a 32.5% sequential increase from Q2. The net loss narrowed to $1.1 million or $(0.22) per share, compared to $1.2 million in Q3 2020. Operating loss stood at $1.8 million, up from $1.0 million a year earlier. Inventory issues were noted, with total availability reduced to $2.1 million. The company is launching nUVo™ air disinfectors and expects growth from its human-centric lighting solutions in the post-COVID market.
Energy Focus, Inc. (NASDAQ:EFOI) will announce its financial results for Q3 and nine months ending September 30, 2021, before the market opens on November 12, 2021. A conference call is scheduled for 11:00 a.m. ET on the same day to discuss the results. Shareholders can listen to the call by dialing toll-free 1-877-451-6152 or via an online webcast. Energy Focus specializes in sustainable lighting and advanced UV-C disinfection technologies, with a notable history of serving the U.S. Navy and other governmental and commercial clients.
Energy Focus will showcase its mUVe™ UVC Robo-Disinfector at LightFair 2021 in New York City from October 25-29. As the official Virus-Targeted UVC disinfectant, mUVe™ autonomously disinfects surfaces during conference after-hours, achieving over 99.9% efficacy against pathogens like SARS-CoV-2. This collaboration highlights Energy Focus’ commitment to safety and innovation in disinfection. The company will also exhibit its LED lighting products, including the EnFocus™ Human-Centric Lighting and other UVC technology at booth #1946.
Energy Focus, Inc. (NASDAQ:EFOI) announced that its nUVo™ Tower and nUVo™ Traveler air disinfectors have passed rigorous third-party testing, achieving a microbial reduction of 94.1% to 99.9% of airborne viruses, bacteria, and mold within 30 minutes. The products are set to launch in November 2021, targeting consumers and businesses seeking enhanced environmental hygiene post-pandemic. CEO James Tu emphasized their commitment to safety and efficacy, while Senior VP Greg Galluccio highlighted the importance of these innovations for improving indoor air quality.
Energy Focus (NASDAQ:EFOI) announced its participation in the 2021 LD Micro Main Event scheduled for October 12-14, 2021, in Los Angeles. CEO James Tu will present on October 13 at 9:00 AM PT. The event will feature 150+ companies presenting in-person and virtually, with a focus on safety through the use of nUVo™ UVC air disinfectors to eliminate pathogens. Interested participants can register for the conference here.
Energy Focus, Inc. (NASDAQ:EFOI), a leader in sustainable lighting technologies, announced its participation at the H.C. Wainwright 23rd Annual Global Investment Conference, taking place virtually from September 13-15, 2021. The company's CEO, James Tu, will present an overview of the business, available on demand starting at 7:00 am ET on September 13. For 90 days, the presentation can be accessed via the company’s investor website. Energy Focus specializes in sustainable LED lighting and UVC disinfection solutions, serving a variety of sectors including government and healthcare.
Energy Focus, Inc. (NASDAQ:EFOI) reported a net sales of $2.1 million for Q2 2021, down 37.8% year-over-year and 21.4% sequentially, primarily due to military funding delays and pandemic-related challenges. The net loss narrowed to $2.5 million, or $(0.59) per share, from $4.3 million in Q2 2020. Cash reserves declined to $1.3 million compared to $1.8 million at year-end 2020. The company raised $4.5 million from an equity offering and anticipates sales recovery, driven by new product launches and military market improvements in H2 2021.
Energy Focus, Inc. (NASDAQ:EFOI) will announce its second quarter and six-month financial results for the period ending June 30, 2021, before market open on August 12. A conference call is scheduled for 11 a.m. ET to discuss the results, with access via toll-free and international numbers provided. Financial details will be available on the investors section of Energy Focus’ website, and a simultaneous webcast can be accessed online.
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