Energy Focus (NASDAQ:EFOI) Issues Earnings Results

Energy Focus (NASDAQ:EFOI) released its quarterly earnings results on Tuesday. The construction company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.82) by $1.90, FiscalAI reports. The firm had revenue of $4.80 million during the quarter, compared to analyst estimates of $3.49 million. Energy Focus had a negative net margin of 8.04% and a negative return on equity of 22.12%.

Energy Focus Price Performance

Shares of EFOI stock traded down $0.21 on Thursday, reaching $4.46. 7,570 shares of the company were exchanged, compared to its average volume of 839,298. The company has a 50-day moving average of $3.16 and a 200-day moving average of $2.91. The company has a market cap of $28.41 million, a price-to-earnings ratio of -31.85 and a beta of 2.14. Energy Focus has a one year low of $1.66 and a one year high of $9.84.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Energy Focus in a research note on Monday, October 19th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has an average rating of “Sell”.

About Energy Focus

Energy Focus, Inc. (NASDAQ:EFOI) develops and provides energy-efficient lighting and control solutions for commercial, industrial, government, military, and maritime customers. Its offerings are designed to help organizations reduce energy consumption, improve lighting performance, and modernize existing facilities. The company’s products include LED lighting fixtures and retrofit systems, tubular LED solutions, and networked lighting controls. Energy Focus has also developed intelligent control technologies, including systems that enable remote monitoring, scheduling, and management of lighting equipment.