Energy Focus Inc. (EFOI) Financial Statements (2025 and earlier)

Company Profile

Business Address 32000 AURORA ROAD
SOLON, OH 44139
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 364 - Electric Lighting And Wiring Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,030522,6821,8363506,335
Cash and cash equivalents2,030522,6821,8363506,335
Receivables(20)4451,2402,0212,3372,201
Inventory, net of allowances, customer advances and progress billings4,4395,4767,8665,6416,1688,058
Inventory4,4395,4767,8665,6416,1688,058
Prepaid expense 954232458439343198
Deposits current assets792592712796  
Other current assets 2 3   
Other undisclosed current assets992445463343136896
Total current assets:9,1897,24213,42411,0769,33417,688
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   148
Operating lease, right-of-use asset8991,1802927941,289
Property, plant and equipment     389610
Other noncurrent assets     405194
Other undisclosed noncurrent assets11276674523314 
Total noncurrent assets:1,0111,2569671,3212,405804
TOTAL ASSETS:10,2008,49814,39112,39711,73918,492
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5852,8693,6743,8892,3524,991
Employee-related liabilities718   
Accounts payable  2,2042,2352,4771,3403,606
Accrued liabilities5856657211,4121,0121,385
Deferred revenue   2687218
Debt 1,7734,0653,8892,3013,8532,219
Due to related parties814    
Other undisclosed current liabilities3,9931983251,29531930
Total current liabilities:6,3517,9468,1567,5576,5427,240
Noncurrent Liabilities
Long-term debt and lease obligation   263191,019 
Long-term debt, excluding current maturities     109 
Finance lease, liability    14
Liabilities, other than long-term debt7981,029  28200
Restructuring reserve     14 
Other liabilities     14200
Operating lease, liability7981,02926318906
Other undisclosed noncurrent liabilities   (26)(52)154 
Total noncurrent liabilities:7981,029265851,201200
Total liabilities:7,1498,9758,1828,1427,7437,440
Equity
Equity, attributable to parent3,051(477)6,2094,2553,99611,052
Common stock 1  11
Additional paid in capital156,369148,545144,953135,113128,872128,367
Accumulated other comprehensive loss(3)(3)(3)(3)(3)(1)
Accumulated deficit(153,315)(149,020)(138,741)(130,855)(124,874)(117,315)
Total equity:3,051(477)6,2094,2553,99611,052
TOTAL LIABILITIES AND EQUITY:10,2008,49814,39112,39711,73918,492

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues5,7175,9689,86516,82812,70518,107
Cost of revenue
(Cost of Goods and Services Sold)
(5,494)(6,286)(8,167)(11,643)(10,731)(14,695)
Gross profit:223(318)1,6985,1851,9743,412
Operating expenses(4,194)(8,977)(10,405)(9,255)(8,929)(12,497)
Operating loss:(3,971)(9,295)(8,707)(4,070)(6,955)(9,085)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
4(26)(65)(73)(91)(7)
Interest and debt expense(380)(954)(792)(757)(317)(8)
Loss from continuing operations before equity method investments, income taxes:(4,347)(10,275)(9,564)(4,900)(7,363)(9,100)
Other undisclosed income (loss) from continuing operations before income taxes57 1,677(1,086)  
Loss from continuing operations before income taxes:(4,290)(10,275)(7,887)(5,986)(7,363)(9,100)
Income tax expense (benefit) (3)(4)15(10)(11)
Other undisclosed loss from continuing operations      
Loss from continuing operations:(4,293)(10,279)(7,886)(5,981)(7,373)(9,111)
Loss before gain (loss) on sale of properties:(7,886)(5,981)(7,373)(9,111)
Net loss:(4,293)(10,279)(7,886)(5,981)(7,373)(9,111)
Other undisclosed net income attributable to parent      
Net loss available to common stockholders, diluted:(4,293)(10,279)(7,886)(5,981)(7,373)(9,111)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(4,293)(10,279)(7,886)(5,981)(7,373)(9,111)
Comprehensive loss:(4,293)(10,279)(7,886)(5,981)(7,373)(9,111)
Other undisclosed comprehensive loss, net of tax, attributable to parent     (2)(3)
Comprehensive loss, net of tax, attributable to parent:(4,293)(10,279)(7,886)(5,981)(7,375)(9,114)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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