Energy Focus, Inc. Reports First Quarter 2021 Financial Results
SOLON, Ohio–(BUSINESS WIRE)–Energy Focus, Inc. (NASDAQ:EFOI), a leader in sustainable and human-centric lighting (“HCL”) technologies, and who recently announced development of a range of UV-C disinfection (“UVCD”) products, today announced financial results for its first quarter ended March 31, 2021.
First Quarter 2021 and Subsequent Business Highlights:
- Net sales of $2.6 million, down 30.3% compared to the first quarter of 2020 and down 29.6% sequentially from the fourth quarter of 2020, reflecting fluctuations in timing of military orders and funding, and continued COVID-19-related challenges in the commercial sector
- Loss from operations of $2.3 million, compared to a loss from operations of $1.3 million in…