Energy Focus Inc (EFOI) Releases Earnings Results, Misses Expectations By $-0.25 EPS

Energy Focus Inc (EFOI) reported quarterly earnings results on Thursday, Aug-11-2016. The company reported $-0.34 earnings per share for the quarter, missing the analyst consensus estimate by $-0.25. Analysts had a consensus of $-0.09. The company posted revenue of $7.10 million in the period, compared to analysts expectations of $11.07 million. The company’s revenue was down -56.2% compared to the same quarter last year.

Energy Focus Inc opened for trading at $6.05 and hit $6.32 on the upside on Monday, eventually ending the session at $6.201, with a gain of 3.18% or 0.191 points. The heightened volatility saw the trading volume jump to 1,10,570 shares. Company has a market cap of $72 M.

In a different news, on Apr 27, 2016, William Cohen (director) purchased 1,259 shares at $7.88 per share price. According to the SEC, on Mar 16, 2016, Michael Rush Ramelot (director) purchased 3,000 shares at $8.05 per share price. On Sep 18, 2015, Jiangang Luo (director) sold 391,304 shares at $15.98 per share price, according to the Form-4 filing with the securities and exchange commission.

Energy Focus Inc. and its subsidiaries designs develops manufactures and markets energy-efficient light emitting diode (LED) lighting products and is a provider of turnkey energy-efficient lighting retrofit solutions in the governmental and public sector market and general commercial market. The Company operates in two segments: Products providing military general commercial and industrial energy-efficient LED lighting offerings; and Solutions providing turnkey high-quality energy-efficient LED lighting application alternatives primarily to the existing public-sector building market. The Company’s services include comprehensive lighting and energy audits lighting design and solution development turnkey lighting implementation Leadership in Energy & Environmental Design (LEED) ready lighting upgrades and pre and post upgrade monitoring and measurement.

Energy Focus Inc

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