Energy Focus (EFOI) has been awarded $2.5 million in efficient lighting contracts it was announced after the bell today. The contracts are for retrofitting at a Fortune 500 firm as well as a large school system in the SE United States. The company is currently procuring the materials and overseeing the installations.
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Joseph Kaveski, CEO, Energy Focus, Inc. commented: "I am encouraged by the … Read the rest
Shares of Energy Focus (EFOI) are soaring about 50% today (but off a low level of just .40/share) on news the company has been awarded a significant contract by the Navy for the continued development of LED lighting on Navy ships. Working with the Navy isn’t a new venture for EFOI, but the size of this contract is and represents about 65% of the revenues it generated in all of last year. Previous installments of … Read the rest
Shares of Energy Focus (EFOI) got an early bump yesterday on news the company recently landed $3.4 million in new contracts from school districts, county government and a Fortune 500 company. EFOI is in the process of procuring the materials for the retrofits and overseeing the installations.
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Joseph Kaveski, CEO, Energy Focus, Inc. commented: "As I commented in our year end investor call, I am … Read the rest
Energy Focus (EFOI) is a speculative LED lighting play, but I believe it has the same kind of potential as Nexxus Lighting (NEXS) if it can come up with a few big orders. It hasn’t happened yet and company growth remains stagnant, but the CEO expects growth to resume in the 2nd quarter and on into 2012 when its Intellitube technology (which is currently used at the Navy) becomes available commercially.
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It was announced a couple days ago that Energy Focus (EFOI) received a half million dollar order to retrofit two US Navy destroyers. EFOI will use its LED Berth lights using IntelliTube technology to replace the existing fluorescent lights reducing power consumption by half and will also replace incandescent bulbs using white, yellow, red and blue LED’s saving 80% energy.
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"LED lights particularly make sense … Read the rest
Energy Focus (EFOI) saw a minor boost in shares yesterday following news that the company has received an additional $4.1 million in efficient lighting retrofit contracts. Half the contract is to upgrade large SE university, $1 million is for a military base and the rest is for a community college and elementary school.
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Joseph Kaveski, CEO, Energy Focus, Inc., commented: “As I discussed … Read the rest
Energy Focus (EFOI) has released results after the bell today, but I don’t see an EPS number in the press release. They are posting a revenue number of $9 million for the quarter. Yes that’s triple what they posted a year ago, but you can’t compare to the year ago quarter yet because of the Stone Ridge acquisition. Comparing to the previous two quarters with Stone Ridge revenue, it’s about inline ($8.4 million in the … Read the rest
Energy Focus (EFOI) just announced a few minutes ago that it has received $410K in funding from the Department of Defense for the advancement of LED applications.
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Roger Buelow, Energy Focus CTO, commented, “We’re especially excited about this additional funding since the work on all three projects directly contributes to the development of our LED Intellitube technology. The result will be products that can … Read the rest
Energy Focus announced this morning that Stones River Companies, LLC, its lighting retrofit division, has snagged $2.8 million in new lighting energy services contracts. The 7 new contracts announced today include upgrading the lighting at multiple locations of a major healthcare system, upgrading lighting in three elementary school districts and upgrading the lighting at four fortune 500 industrial facilities.
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In a press release, Rob Wilson, … Read the rest
Emerging LED lighting play Energy Focus (EFOI) reported earnings after the bell today and continued to narrow its losses, reporting an EPS loss of ($0.08) vs the year ago loss of ($0.16). Revenues continue to improve as well, although much of that (55%) is due to the acquisition of Stone Rive Companies so not really comparing apples to apples here. The company reported revenue of $9 million in the quarter, vs $3.3 million in the … Read the rest