Energy Focus, Inc. (EFOI) Stock

Energy Focus, Inc. (EFOI) is a Industrials stock trading at $2.72 (as of 2026-08-20), with a market capitalization of $17.32M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

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Understand Energy Focus, Inc.: how it makes money

Energy Focus designs, develops, manufactures, markets, and sells energy-efficient lighting systems (including military maritime LED lighting and retrofit products) and ultraviolet-C light disinfection products, generating revenue from sales of these lighting and disinfection solutions to military and other customers in the United States and internationally.

Its profit model depends on turning lighting and disinfection sales into gross profit, then covering operating expenses, with provided results showing gross margin of 23.3% but an operating margin of -14.9%.

Business quality (Weak): Limited provided details, there are no reportable segments and no operational KPIs listed, but the latest-quarter margins are provided and show profitability pressure at the operating level.

Bull case

  • Product scope across military maritime LED and UV-C disinfection: The company sells energy-efficient lighting systems and controls, including military-grade LED lighting products and ultraviolet-C light disinfection products, which supports a differentiated product mix.
  • Established customer focus in military maritime markets: Its military maritime LED lighting products and fixtures are described as serving the United States Navy and allied foreign navies.

Bear case

  • Operating losses based on provided margins: For the period ended 2026-03-31, operating margin is -14.9%, indicating operating expenses are exceeding operating gross profit in the provided data.
  • Profitability sensitivity to operating cost control: With gross margin of 23.3% but negative operating margin, the company appears dependent on keeping operating expenses tightly aligned with sales volume and product/program activity.
Valuation — source: SEC EDGAR (first-party)
Price$2.72
Market Cap$17.32M
Price / Book5.18
Price / Sales2.68
FCF Yield-3.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$3.56M
Net Margin-28.8%
Revenue Growth (YoY)-26.7%
EPS Growth (YoY)-43.8%
FCF Growth (YoY)10.8%
Financial Health — source: SEC EDGAR
Altman Z-Score-31.52 (distress)
Valuation vs Sector & Industry
Sector P/E (Industrials)25.9
Industry P/E (Electrical Equipment)37.8
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($145708.00)
Institutional Holders Tracked10
Company
SectorIndustrials
IndustryElectrical Equipment
CEOChiao Chieh Huang
Employees9
CountryUS
IPO Date1994-08-18

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EFOI earnings history · EFOI institutional & insider holders · EFOI KPIs & operating metrics · EFOI financials · EFOI investor presentations & press releases · EFOI SEC filings · EFOI peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.