Energy Focus Inc (EFOI) missed earnings projections on 8/11/2022 for Q2 2022. Energy Focus Inc's earnings came in at an EPS loss of $0.35 per share, 75% lower than estimates for an EPS loss of $0.2 per share. The firm's loss per share narrowed by 41% since reporting a loss of $0.59 per share a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates. Consensus estimates for Energy Focus Inc revenue averaged out to $2.5 million, with the business missing on those expectations with reported second-quarter revenue of $1.5 million. The $1 million (41%) negative revenue surprise led to negative 29% growth year-over-year as the firm reported revenue of $2.1 million in its year-ago quarter. The higher earnings growth compared to revenue points to Energy Focus Inc improving its profit margin. The stock is down 7.13% to $0.75 after the report. Energy Focus Inc's profit margins took a hit as earnings fell at a faster pace than revenues. Wall Street Analysts had an average rating of Hold on the stock prior to the report. InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading. Energy Focus Inc has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 3, putting Energy Focus Inc in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $0.66 on July 27, 2022 and set a 52-week high on December 30, 2021 at $6.12. Energy Focus Inc is a provider of energy-efficient Light Emitting Diode (LED) lighting products and ultraviolet-C light disinfection (UVCD) products. It serves the military maritime market and general commercial markets. Its product offerings include Military maritime LED lighting products such as military intellitube, globe lights, berth lights, and military fixtures; and Commercial products such as LED fixtures and panels, LED down-lights, LED dock lights, and wall-packs, and LED retrofit kits. Geographically, it operates in the United States and other countries. Its products include Commercial products and MMM products.
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