Energy Focus (NASDAQ:EFOI) Posts Earnings Results, Beats Estimates By $1.90 EPS

Energy Focus (NASDAQ:EFOI) posted its quarterly earnings data on Tuesday. The construction company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.82) by $1.90, FiscalAI reports. The company had revenue of $4.80 million for the quarter, compared to the consensus estimate of $3.49 million. Energy Focus had a negative net margin of 23.77% and a negative return on equity of 42.44%.

Energy Focus Trading Up 8.9%

Shares of NASDAQ:EFOI traded up $0.39 during mid-day trading on Tuesday, reaching $4.78. The company had a trading volume of 50,558 shares, compared to its average volume of 846,196. The company’s 50-day moving average price is $3.08 and its 200-day moving average price is $2.89. Energy Focus has a one year low of $1.66 and a one year high of $9.84. The firm has a market cap of $30.45 million, a price-to-earnings ratio of -19.12 and a beta of 2.14.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Energy Focus in a research note on Monday, October 19th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has an average rating of “Sell”.

About Energy Focus

Energy Focus, Inc (NASDAQ:EFOI) develops and provides energy-efficient lighting and control solutions for commercial, industrial, government, military, and maritime customers. Its offerings are designed to help organizations reduce energy consumption, improve lighting performance, and modernize existing facilities.

The company’s products include LED lighting fixtures and retrofit systems, tubular LED solutions, and networked lighting controls. Energy Focus has also developed intelligent control technologies, including systems that enable remote monitoring, scheduling, and management of lighting equipment.