ENERGY FOCUS, INC/DE
Business
Energy Focus designs, develops, manufactures, and sells energy-efficient LED lighting systems and controls for commercial and military maritime markets. Core products include LED lighting fixtures and retrofit kits, tubular LED lamps with battery backup, Energy Storage Systems, Uninterruptible Power Supply systems, and Gallium Nitride power supplies. The company serves U.S. Navy and allied navies, commercial enterprises, healthcare facilities, educational institutions, and industrial customers through direct sales, external agencies, and e-commerce channels, with operations in Ohio and Taiwan.
Summary from 10-K filed 2026-03-24
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 4 | 5 | 6 | 6 | 10 | |
| Cost of sales | 3 | 4 | 5 | 6 | 8 | |
| Gross profit | 672,000 | 699,000 | 223,000 | −318,000 | 2 | |
| Product development | 400,000 | 500,000 | 600,000 | 2 | 2 | |
| Selling, general, and administrative | 1 | 2 | 4 | 7 | 9 | |
| Total operating expenses | 2 | 3 | 4 | 9 | 10 | |
| Loss from operations | −1 | −2 | −4 | −9 | −9 | |
| Interest income | −2,000 | 0 | −57,000 | — | — | |
| Interest expense | 0 | 5,000 | 380,000 | — | — | |
| Gain on debt extinguishment | 0 | −187,000 | 0 | — | 0 | |
| Gain on partial lease termination | −2,000 | −63,000 | 0 | — | — | |
| Gain on disposal of fixed assets | −3,000 | 0 | — | — | — | |
| Other income | 0 | −27,000 | −30,000 | −30,000 | −876,000 | |
| Other expenses | 10,000 | 12,000 | 26,000 | 56,000 | 65,000 | |
| Loss from operations before income taxes | −1 | −2 | −4 | −10 | −8 | |
| Provision for income taxes | 0 | 0 | 3,000 | 4,000 | −1,000 | |
| Net loss | −1 | −2 | −4 | −10 | −8 | |
| Net loss, basic (in dollars per share) | −0.18 | −0.32 | — | — | — | |
| Net loss, diluted (in dollars per share) | −0.18 | −0.32 | — | — | — | |
| Basic (in shares) | 6 | 5 | 3 | 1 | 5 | |
| Diluted (in shares) | 6 | 5 | 3 | 1 | 5 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2025 2025-11-30 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash | 1 | — | 600,000 | 2 | 52,000 | |
| Trade accounts receivable, less allowances of $33 and $15, respectively | 526,000 | — | 804,000 | — | 445,000 | |
| Inventories, net | 3 | — | 3 | 4 | 5 | |
| Prepayments to vendors | 3,000 | — | 356,000 | 800,000 | 592,000 | |
| Prepaid and other current assets | 126,000 | — | 157,000 | 156,000 | 232,000 | |
| Total current assets | 5 | — | 5 | 9 | 7 | |
| Property and equipment, net | 97,000 | — | 90,000 | 112,000 | 76,000 | |
| Operating lease, right-of-use asset | 207,000 | — | 377,000 | 899,000 | 1 | |
| Advance for investment in joint venture | 156,000 | 156,000 | 0 | — | — | |
| Total assets | 5 | — | 6 | 10 | 8 | |
| Accrued liabilities | 56,000 | — | 90,000 | 110,000 | 145,000 | |
| Accrued legal and professional fees | 44,000 | — | 54,000 | 64,000 | 0 | |
| Accrued payroll and related benefits | 47,000 | — | 148,000 | 199,000 | 261,000 | |
| Accrued sales commissions | 1,000 | — | 15,000 | 62,000 | 76,000 | |
| Accrued warranty reserve | 91,000 | — | 118,000 | 150,000 | 183,000 | |
| Operating lease liabilities | 139,000 | — | 139,000 | 223,000 | 198,000 | |
| Total current liabilities | 922,000 | — | 2 | 6 | 8 | |
| Operating lease liabilities, net of current portion | 78,000 | — | 254,000 | 798,000 | 1 | |
| Total liabilities | 1 | — | 3 | 7 | 9 | |
| Preferred stock, par value $0.0001 per share: Authorized: 5,000,000 shares (3,300,000 shares designated as Series A Convertible Preferred Stock) at December 31, 2025 and December 31, 2024 Issued and outstanding: 876,447 shares at December 31, 2025 and December 31, 2024 | 0 | — | 0 | 0 | 0 | |
| Common stock, par value $0.0001 per share: Authorized: 50,000,000 shares at December 31, 2025 and December 31, 2024 Issued and outstanding: 6,268,433 shares at December 31, 2025 and 5,260,741 shares at December 31, 2024 | 1,000 | — | 1,000 | 0 | 1,000 | |
| Additional paid-in capital | 160 | — | 158 | 156 | 149 | |
| Accumulated other comprehensive loss | −3,000 | — | −3,000 | −3,000 | −3,000 | |
| Accumulated deficit | −156 | — | −155 | −153 | −149 | |
| Total stockholders' equity | 4 | — | 3 | 3 | −477,000 | |
| Total liabilities and stockholders' equity | 5 | — | 6 | 10 | 8 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Foreign exchange loss | 1,000 | 0 | — | — | — | |
| Loss on settlement of vendor obligations | 8,000 | 0 | — | — | — | |
| Depreciation | 37,000 | 37,000 | 33,000 | 159,000 | 200,000 | |
| Stock-based compensation | 121,000 | 4,000 | 44,000 | 117,000 | 429,000 | |
| Provision for credit losses and sales returns | 10,000 | −69,000 | 6,000 | 14,000 | 6,000 | |
| Provision for slow-moving and obsolete inventories | 244,000 | 347,000 | 25,000 | 32,000 | 156,000 | |
| Provision for warranties | −27,000 | −32,000 | −33,000 | −111,000 | 68,000 | |
| Amortization of loan discounts and origination fees | 0 | 5,000 | 225,000 | 364,000 | 230,000 | |
| Accounts receivable | 266,000 | 1 | — | 783,000 | 783,000 | |
| Inventories | −262,000 | 829,000 | 1 | 2 | −2 | |
| Prepayments to vendors | −1,000 | 83,000 | −200,000 | 120,000 | — | |
| Prepaid and other assets | 32,000 | 3,000 | 521,000 | 247,000 | 669,000 | |
| Accrued and other liabilities | −159,000 | −128,000 | −47,000 | −584,000 | −380,000 | |
| Right of use assets and lease liabilities | −4,000 | −43,000 | 75,000 | −12,000 | — | |
| Total adjustments | −377,000 | 285,000 | 2 | 4 | −2 | |
| Net cash used in operating activities | −1 | −1 | −2 | −7 | −10 | |
| Acquisitions of property and equipment | −54,000 | −19,000 | −69,000 | −41,000 | −443,000 | |
| Proceeds from the sale of property and equipment | 13,000 | 0 | — | — | — | |
| Advance for investment in joint venture | −156,000 | 0 | — | — | — | |
| Net cash used in investing activities | −197,000 | −19,000 | −69,000 | −16,000 | −443,000 | |
| Issuance of common stock | 2 | 851,000 | — | — | — | |
| Payments on the 2022 Streeterville Note | 0 | −1 | −625,000 | — | 0 | |
| Net cash provided by (used in) financing activities | 2 | −149,000 | 4 | 4 | 11 | |
| Effect of exchange rate changes on cash | 0 | 0 | — | — | — | |
| Net increase (decrease) in cash | 499,000 | −1 | 2 | −3 | 504,000 | |
| Cash paid in year for interest | 0 | 5,000 | 380,000 | 364,000 | 381,000 | |
| Debt-to-equity exchange transactions | 0 | 591,000 | 2 | 304,000 | 0 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is ENERGY FOCUS, INC/DE's CIK number?
ENERGY FOCUS, INC/DE's SEC CIK number is 0000924168 (924168). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find ENERGY FOCUS, INC/DE's SEC filings?
All of ENERGY FOCUS, INC/DE's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did ENERGY FOCUS, INC/DE last report earnings?
ENERGY FOCUS, INC/DE (EFOI) most recently filed an earnings 8-K with the SEC on May 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-033897). This is ENERGY FOCUS, INC/DE's most recent earnings filing of record — not a forecast of its next earnings date.
What is ENERGY FOCUS, INC/DE's most recent earnings 8-K?
ENERGY FOCUS, INC/DE's latest earnings 8-K (Item 2.02) was filed May 12, 2026 under accession 0001628280-26-033897. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View ENERGY FOCUS, INC/DE's latest earnings 8-K →
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