Earnings ·
Energy Focus reports Q2 net sales up 228% to $3.7 million but posts net loss of $0.9 million
EFOIEnergy Focus, Inc
Energy Focus reported second quarter 2026 financial results for the period ended June 30, 2026. Net sales increased 228% to $3.7 million, driven by growth in military maritime and commercial segments, including initial shipments to a new Australian customer. The company recorded a net loss of $0.9 million, or $(0.14) per share, compared to a $0.2 million loss in the prior year period. Gross profit margin contracted to negative 6.8% from 12.9% in the previous year, primarily due to increased inventory reserves. Cash balances stood at $1.1 million as of June 30, 2026. Energy Focus operates in the energy efficiency sector, manufacturing LED lighting and control systems for commercial and military maritime markets.