Energy Focus: 3Q Earnings Snapshot
SOLON, Ohio (AP) _ Energy Focus Inc. (EFOI) on Wednesday reported a loss of $1.9 million in its third quarter.
The Solon, Ohio-based company said it had a loss of 16 cents per share. Losses, adjusted for severance costs, were 15 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.
The energy-efficient lighting systems designer posted revenue of $5.2 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $5.8 million.
The company’s shares closed at $1.13. A year ago, they were trading at $2.90.