Company Quick10K Filing
Energy Focus
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 12 $5
10-Q 2019-11-13 Quarter: 2019-09-30
10-Q 2019-09-13 Quarter: 2019-06-30
10-Q 2019-07-22 Quarter: 2019-03-31
10-K 2019-04-01 Annual: 2018-12-31
10-Q 2018-11-09 Quarter: 2018-09-30
10-Q 2018-08-08 Quarter: 2018-06-30
10-Q 2018-05-02 Quarter: 2018-03-31
10-K 2018-02-22 Annual: 2017-12-31
10-Q 2017-11-08 Quarter: 2017-09-30
10-Q 2017-08-09 Quarter: 2017-06-30
10-Q 2017-05-04 Quarter: 2017-03-31
10-K 2017-02-23 Annual: 2016-12-31
10-Q 2016-11-14 Quarter: 2016-09-30
10-Q 2016-08-11 Quarter: 2016-06-30
10-Q 2016-05-11 Quarter: 2016-03-31
10-K 2016-03-10 Annual: 2015-12-31
10-Q 2015-11-04 Quarter: 2015-09-30
10-Q 2015-08-05 Quarter: 2015-06-30
10-Q 2015-05-05 Quarter: 2015-03-31
10-K 2015-03-12 Annual: 2014-12-31
10-Q 2014-11-13 Quarter: 2014-09-30
10-Q 2014-08-13 Quarter: 2014-06-30
10-Q 2014-05-13 Quarter: 2014-03-31
10-K 2014-03-27 Annual: 2013-12-31
10-Q 2013-11-13 Quarter: 2013-09-30
10-Q 2013-08-13 Quarter: 2013-06-30
10-Q 2013-05-15 Quarter: 2013-03-31
10-K 2013-03-27 Annual: 2012-12-31
10-Q 2012-11-14 Quarter: 2012-09-30
10-Q 2012-08-14 Quarter: 2012-06-30
10-Q 2012-05-15 Quarter: 2012-03-31
10-K 2012-03-30 Annual: 2011-12-31
10-Q 2011-11-14 Quarter: 2011-09-30
10-Q 2011-08-15 Quarter: 2011-06-30
10-Q 2011-05-12 Quarter: 2011-03-31
10-K 2011-03-31 Annual: 2010-12-31
10-Q 2010-11-12 Quarter: 2010-09-30
10-Q 2010-08-12 Quarter: 2010-06-30
10-Q 2010-05-13 Quarter: 2010-03-31
10-K 2010-03-31 Annual: 2009-12-31
8-K 2020-01-15 Shareholder Vote
8-K 2020-01-09 Enter Agreement, Sale of Shares, Regulation FD, Exhibits
8-K 2019-12-17 Shareholder Vote
8-K 2019-11-25 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-11-13 Earnings, Exhibits
8-K 2019-09-13 Earnings, Exhibits
8-K 2019-08-23 Regulation FD, Exhibits
8-K 2019-08-14 Earnings, Exhibits
8-K 2019-08-09 Officers, Other Events, Exhibits
8-K 2019-07-22 Earnings, Exhibits
8-K 2019-07-19 Officers
8-K 2019-06-24 Officers, Other Events, Exhibits
8-K 2019-05-21 Enter Agreement, Accountant, Amend Bylaw, Exhibits
8-K 2019-05-20 Officers, Exhibits
8-K 2019-05-15
8-K 2019-05-15 Earnings, Exhibits
8-K 2019-05-06
8-K 2019-04-05 Accountant, Officers
8-K 2019-03-29 Enter Agreement, Earnings, Off-BS Arrangement, Sale of Shares, Officers, Amend Bylaw, Regulation FD, Exhibits
8-K 2019-02-21 Enter Agreement, Officers, Regulation FD, Exhibits
8-K 2019-01-18
8-K 2018-12-11 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-11-07 Earnings, Exhibits
8-K 2018-08-08 Earnings, Exhibits
8-K 2018-06-20 Shareholder Vote
8-K 2018-05-18 Officers, Exhibits
8-K 2018-05-02 Earnings, Exhibits
8-K 2018-04-16 Officers, Exhibits
8-K 2018-02-22 Earnings, Exhibits

Energy Focus Financials

EFOI Metrics, Comps, Filings

Annual | Quarterly

Business

The Company was founded in 1985 as Fiberstars, Inc., a California corporation, and reincorporated in Delaware in November 2006. In May 2007, Fiberstars, Inc. merged with and became Energy Focus, Inc., also a Delaware corporation. Our principal executive offices are located at 32000 Aurora Road, Suite B, Solon, Ohio 44139. Our telephone number is 440.715.1300. Our website address is www.energyfocus.com. Information on our website is not part of this Annual Report.

Energy Focus, Inc. and its subsidiary engage in the design, development, manufacturing, marketing, and sale of energy-efficient lighting systems. We operate in a single industry segment, developing and selling our energy-efficient light-emitting diode ("LED") lighting products into the general commercial, industrial and military maritime markets. Our goal is to become a trusted leader in the LED lighting retrofit market by replacing fluorescent lamps in institutional buildings and high-intensity discharge ("HID") lighting in low-bay and high-bay applications with our innovative, high-quality commercial and military tubular LED ("TLED") products.

In 2018, we made significant strides in expanding and diversifying our new product portfolio. We introduced six new product families, including our commercial fixture family, our double-ended ballast bypass T8 and T5 high-output TLEDs, our Navy highbay retrofit kit, the Invisitube ultra-low EMI TLED and our dimmable industrial downlight. Our new products, including the RedCap emergency battery backup tube introduced in Q4 2017, have gained traction, with sales of new products introduced in the past two years increasing from less than one percent of total revenue in Q4 2017 to 17 percent in the fourth quarter of 2018, the highest new product revenue in the last two years. Our legacy military luminaire product line, including our flood, waterline security lights, globes and berth lights grew by over 90 percent from 2017 to 2018 and we saw some return of our military Intellitube® sales, as we achieved more competitive pricing through our cost reductions. During the year, we reduced the costs of eight legacy product families in order to price our products more competitively. Despite these efforts, the pricing of our legacy products remains at the high end of the competitive range and we expect aggressive price erosion to continue to be a headwind until our more innovative and differentiated new products ramp in volume.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Acuity Brands (AYI) 5,368,146 39% 9.0 11% 3,121,100 1,236,200 3,795,800 1,497,300 342,500 601,400 5,391,046
AZZ (AZZ) 1,183,924 22% 12.1 5% 1,135,679 516,422 953,974 206,023 56,774 121,469 1,467,338
Chase (CCF) 1,042,885 36% 15.8 11% 299,502 36,146 288,724 104,532 33,800 63,934 1,012,247
PGT Innovations (PGTI) 978,894 36% 19.9 5% 921,535 507,160 761,278 272,958 49,347 63,990 1,273,377
Vivint Solar (VSLR) 887,724 23% 10.8 -3% 2,510,650 2,071,364 266,684 61,875 -75,541 185,626 2,006,972
Griffon (GFF) 713,933 27% 9.8 1% 2,111,459 1,623,294 2,180,630 587,738 19,774 186,616 1,837,247
LSI Industries (LYTS) 131,328 22% -20.9 -7% 201,100 328,852 73,713 -14,810 -8,113 169,903
Revolution Lighting Technologies (RVLT) 88,775 27% -2.0 -31% 170,215 94,381 148,550 40,651 -52,278 -45,056 88,318
Orion Energy Systems (OESX) 86,154 23% 37.5 -0% 67,933 45,870 94,310 21,379 -14 2,265 85,052
Babcock & Wilcox Enterprises (BW) 80,076 1% -1.0 -54% 772,039 1,115,074 997,926 10,744 -416,402 -228,217 218,762
Dixie Group (DXYN) 9,849 21% -24.5 -9% 264,179 213,789 388,737 82,679 -24,549 -5,331 130,634
Industrial Services of America (IDSA) 9,243 3% -105.6 -11% 26,893 17,649 58,357 1,777 -3,050 -162 17,101
Energy Focus (EFOI) 4,948 9% -0.3 -68% 14,869 8,717 14,535 1,289 -10,039 -9,953 2,741
Euro Tech (CLWT) 4,866 0% 23,065 7,520 0 0 0 0 -1,731
XG Technology (XGTI) 632 0% -1.1 -42% 27,997 22,443 34,695 0 -11,826 -5,269 6,036
Chromadex (CDXC) 210 68% 0.3 -74% 44,542 29,397 30,369 20,627 -32,915 -31,409 -9,563
Aurora Cannabis (ACB)
HEXO (HEXO)
Happiness Biotech (HAPP)

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash2,1172522,8607,12634,527342342342
Accounts Receivable2,7385,3193,3483,11310,1105,6403,5952,201
Inventory2,4292,5812,5107,2837,7329,4695,7188,058
PP&E2,1051,8003,4754792,4292,3251,097610
Assets13,77814,35312,80819,49655,70234,97822,15118,492
Accounts Payable5,6535,8793,7077,6017,2953,2571,6303,606
Long-Term Debt1,8102,5496,438700
Liabilities12,31013,5289,8849,72310,3825,0402,8597,440
Stockholders' Equity1,4688252,9249,77345,32029,93819,29211,052
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue25,75229,83721,53328,96264,40330,99819,84618,107
Cost of Revenue20,58123,60016,95419,59435,11123,32115,02514,695
Gross Profit5,1716,2374,5799,36829,2927,6774,8213,412
R&D-5153685971,0352,8103,5372,9402,597
SG&A11,26210,3429,71410,91016,83020,11311,3159,789
Tax-2-220051-11511
Net Income-6,055-5,709-2,361-5,8458,780-16,887-11,267-9,111
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating-2,617-6,966-7,215-1,4254,446-16,553-5,874-6,795
Cash Investing-237-3294,603-121-2,242-1,597-65189
Cash Financing8756,3294,2786,24025,957146812,185