|Over a week ago|
Energy Focus names Lesley Matt CEO » 07:3609/1209/12/22
Energy Focus announced…
Energy Focus announced that Lesley Matt will join the company as its new CEO, effective September 12. Matt spent over twelve years at TCP Lighting.
|Over a month ago|
Energy Focus appoints Clifford Griffin as chief accounting officer » 09:0508/0408/04/22
Energy Focus (EFOI)…
Energy Focus (EFOI) announced Clifford Griffin is joining the company as senior VP, corporate controller and chief accounting officer. Griffin comes to Energy Focus from Babcock & Wilcox (BW), where he was corporate controller responsible for global accounting and finance teams and public reporting.
|Over a quarter ago|
Energy Focus files to sell 5.38M shares of common stock for holders 16:0406/1706/17/22
Energy Focus reports Q1 EPS (44c) vs (50c) last year » 08:1105/1205/12/22
Reports Q1 revenue $2.06M…
Reports Q1 revenue $2.06M vs. $2.4M last year. Mr. Socolof added, "The value-engineering and supply chain management initiatives are expected to reduce our cost of goods and make us more competitive, and we are instituting new freight shipping techniques with the goal of cutting freight costs in half over the next few months. We recently signed a new lease, significantly reducing our primary square footage and annual rent costs by approximately $415,000 to $425,000 beginning in July. Our SG&A expenses declined year-over-year, and remained relatively flat sequentially when compared to the fourth quarter, demonstrating our rigor in expense management. We anticipate a reduction in our cash burn in the second quarter as sales improve, with more meaningful decreases in the second half of the year."
Energy Focus price target lowered to $6 from $11 at H.C. Wainwright » 06:1003/1803/18/22
H.C. Wainwright analyst…
H.C. Wainwright analyst Amit Dayal lowered the firm's price target on Energy Focus to $6 from $11 and keeps a Buy rating on the shares. The company's results have fallen short of our expectations for the past several quarters amid a challenging macro environment, Dayal tells investors in a research note.
Energy Focus files to sell $50M in common stock 08:3112/2812/28/21
Energy Focus files to sell 2.56M shares of common stock for holders 07:4712/2812/28/21
Energy Focus announces $4.5M private placement priced at $3.52 per share » 08:4012/1412/14/21
H.C. Wainwright & Co.…
H.C. Wainwright & Co. is acting as the exclusive placement agent for the private placement.