EFOI on Nasdaq
ENERGY FOCUS, INC/DE
American electric lighting and wiring equipment company based in Solon2
In its 2026 annual report the company says: “We provide high-quality LED lighting solutions for both commercial and military maritime markets (MMM), helping our customers improve energy efficiency, productivity, and wellness through advanced LED retrofit products. Our core products include robust lighting fixtures and lamps for navy and military applications, Energy Storage Systems, Uninterruptible Power Supply, and tubular LED lighting products, including battery backup units as well as general commercial and maritime lighting fixtures.”4 Its shares trade on Nasdaq under the symbol EFOI.2
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Last updated Oct 21, 2026.
Overview
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- TickerEFOI on Nasdaq2
- IndustryElectric Lighting & Wiring Equipment2
- HeadquartersSolon, United States2
- Incorporated inOH3
- Business address32000 Aurora Road, Suite B, Solon, Oh 441393
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formCorporation2
- LEI549300WYLQHXWY3CWZ382
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O The Corporation Trust Company, 19801 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 41861082
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Energy Focus specializes in designing, developing, manufacturing, and selling energy-efficient lighting systems and controls. We provide high-quality LED lighting solutions for both commercial and military maritime markets (MMM), helping our customers improve energy efficiency, productivity, and wellness through advanced LED retrofit products.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Government Products brought in 56% of the revenue ENERGY FOCUS, INC/DE broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Government Products | $3.5M | $2.0M |
| Pool And Commercial Products | $1.4M | $1.5M |
| Setup Service | $0 | $35.0K |
Regions
United States brought in 73% of the revenue ENERGY FOCUS, INC/DE broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| United States | $4.8M | $3.0M |
| Rest of the world | $12.0K | $593.0K |
| Taiwan | $500.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue63¢$2.9M
- Research and development9¢$412.0K
- Selling, general and admin28¢$1.3M
Out of $3.6M in revenue.56 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net sales | $3.6M | $4.9M |
| Cost of sales | $2.9M | $4.2M |
| Gross profit | $672.0K | $699.0K |
| Product development | $412.0K | $524.0K |
| Selling, general, and administrative | $1.3M | $2.0M |
| Total operating expenses | $1.7M | $2.5M |
| Loss from operations | -$1.0M | -$1.8M |
| Interest income | -$2.0K | $0 |
| Interest expense | $0 | $5.0K |
| Gain on debt extinguishment | $0 | -$187.0K |
| Gain on partial lease termination | -$2.0K | -$63.0K |
| Gain on disposal of fixed assets | -$3.0K | $0 |
| Other income | $0 | -$27.0K |
| Other expenses | $10.0K | $12.0K |
| Loss from operations before income taxes | -$1.0M | -$1.6M |
| Provision for income taxes | $0 | $0 |
| Net loss | -$1.0M | -$1.6M |
| Net loss, basic (in dollars per share) | -$0.18 | -$0.32 |
| Net loss, diluted (in dollars per share) | -$0.18 | -$0.32 |
| Basic (in shares) | 5.6M shares | 4.9M shares |
| Diluted (in shares) | 5.6M shares | 4.9M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2025-11-30 | 2024-12-31 | 2023-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Cash | $1.1M | $565.0K | |||
| Trade accounts receivable, less allowances of $33 and $15, respectively | $526.0K | $804.0K | |||
| Inventories, net | $2.9M | $3.3M | |||
| Prepayments to vendors | $3.0K | $356.0K | |||
| Prepaid and other current assets | $126.0K | $157.0K | |||
| Total current assets | $4.6M | $5.1M | |||
| Property and equipment, net | $97.0K | $90.0K | |||
| Operating lease, right-of-use asset | $207.0K | $377.0K | |||
| Advance for investment in joint venture | $156.0K | $156.0K | $0 | ||
| Total assets | $5.1M | $5.6M | |||
| Accrued liabilities | $56.0K | $90.0K | |||
| Accrued legal and professional fees | $44.0K | $54.0K | |||
| Accrued payroll and related benefits | $47.0K | $148.0K | |||
| Accrued sales commissions | $1.0K | $15.0K | |||
| Accrued warranty reserve | $91.0K | $118.0K | $150.0K | ||
| Operating lease liabilities | $139.0K | $139.0K | |||
| Total current liabilities | $922.0K | $2.4M | |||
| Operating lease liabilities, net of current portion | $78.0K | $254.0K | |||
| Total liabilities | $1.0M | $2.7M | |||
| Preferred stock, par value $0.0001 per share: Authorized: 5,000,000 shares (3,300,000 shares designated as Series A Convertible Preferred Stock) at December 31, 2025 and December 31, 2024 Issued and outstanding: 876,447 shares at December 31, 2025 and December 31, 2024 | $0 | $0 | |||
| Common stock, par value $0.0001 per share: Authorized: 50,000,000 shares at December 31, 2025 and December 31, 2024 Issued and outstanding: 6,268,433 shares at December 31, 2025 and 5,260,741 shares at December 31, 2024 | $1.0K | $1.0K | |||
| Additional paid-in capital | $160.0M | $157.8M | |||
| Accumulated other comprehensive loss | -$3.0K | -$3.0K | |||
| Accumulated deficit | -$155.9M | -$154.9M | |||
| Total stockholders' equity | $4.1M | $2.9M | $3.1M | ||
| Total liabilities and stockholders' equity | $5.1M | $5.6M | |||
| Trade accounts receivable, less allowances | $33.0K | $15.0K | $20.0K | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |||
| Preferred stock, authorized (in shares) | 5.0M shares | 5.0M shares | 5.0M shares | ||
| Preferred stock, issued (in shares) | 876.4K shares | 876.4K shares | |||
| Preferred stock, outstanding (in shares) | 876.4K shares | 876.4K shares | |||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |||
| Common stock, authorized (in shares) | 50.0M shares | 50.0M shares | |||
| Common stock, issued (in shares) | 6.3M shares | 5.3M shares | |||
| Common stock, outstanding (in shares) | 6.3M shares | 5.3M shares |
| Period ending | 2025-12-31 | 2025-11-30 | 2024-12-31 | 2023-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Cash | $1.1M | $565.0K | |||
| Trade accounts receivable, less allowances of $33 and $15, respectively | $526.0K | $804.0K | |||
| Inventories, net | $2.9M | $3.3M | |||
| Prepayments to vendors | $3.0K | $356.0K | |||
| Prepaid and other current assets | $126.0K | $157.0K | |||
| Total current assets | $4.6M | $5.1M | |||
| Property and equipment, net | $97.0K | $90.0K | |||
| Operating lease, right-of-use asset | $207.0K | $377.0K | |||
| Advance for investment in joint venture | $156.0K | $156.0K | $0 | ||
| Total assets | $5.1M | $5.6M | |||
| Accrued liabilities | $56.0K | $90.0K | |||
| Accrued legal and professional fees | $44.0K | $54.0K | |||
| Accrued payroll and related benefits | $47.0K | $148.0K | |||
| Accrued sales commissions | $1.0K | $15.0K | |||
| Accrued warranty reserve | $91.0K | $118.0K | $150.0K | ||
| Operating lease liabilities | $139.0K | $139.0K | |||
| Total current liabilities | $922.0K | $2.4M | |||
| Operating lease liabilities, net of current portion | $78.0K | $254.0K | |||
| Total liabilities | $1.0M | $2.7M | |||
| Preferred stock, par value $0.0001 per share: Authorized: 5,000,000 shares (3,300,000 shares designated as Series A Convertible Preferred Stock) at December 31, 2025 and December 31, 2024 Issued and outstanding: 876,447 shares at December 31, 2025 and December 31, 2024 | $0 | $0 | |||
| Common stock, par value $0.0001 per share: Authorized: 50,000,000 shares at December 31, 2025 and December 31, 2024 Issued and outstanding: 6,268,433 shares at December 31, 2025 and 5,260,741 shares at December 31, 2024 | $1.0K | $1.0K | |||
| Additional paid-in capital | $160.0M | $157.8M | |||
| Accumulated other comprehensive loss | -$3.0K | -$3.0K | |||
| Accumulated deficit | -$155.9M | -$154.9M | |||
| Total stockholders' equity | $4.1M | $2.9M | $3.1M | ||
| Total liabilities and stockholders' equity | $5.1M | $5.6M | |||
| Trade accounts receivable, less allowances | $33.0K | $15.0K | $20.0K | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |||
| Preferred stock, authorized (in shares) | 5.0M shares | 5.0M shares | 5.0M shares | ||
| Preferred stock, issued (in shares) | 876.4K shares | 876.4K shares | |||
| Preferred stock, outstanding (in shares) | 876.4K shares | 876.4K shares | |||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |||
| Common stock, authorized (in shares) | 50.0M shares | 50.0M shares | |||
| Common stock, issued (in shares) | 6.3M shares | 5.3M shares | |||
| Common stock, outstanding (in shares) | 6.3M shares | 5.3M shares |
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$1.0M | -$1.6M |
| Foreign exchange loss | $1.0K | $0 |
| Loss on settlement of vendor obligations | $8.0K | $0 |
| Gain on partial lease termination | -$2.0K | -$63.0K |
| Gain on debt extinguishment | $0 | -$187.0K |
| Gain on disposal of fixed assets | -$3.0K | $0 |
| Depreciation | $37.0K | $37.0K |
| Stock-based compensation | $121.0K | $4.0K |
| Provision for credit losses and sales returns | $10.0K | -$69.0K |
| Provision for slow-moving and obsolete inventories | $244.0K | $347.0K |
| Provision for warranties | -$27.0K | -$32.0K |
| Amortization of loan discounts and origination fees | $0 | $5.0K |
| Accounts receivable | $266.0K | $1.0M |
| Inventories | -$262.0K | $829.0K |
| Prepayments to vendors | -$1.0K | $83.0K |
| Prepaid and other assets | $32.0K | $3.0K |
| Accrued and other liabilities | -$159.0K | -$128.0K |
| Right of use assets and lease liabilities | -$4.0K | -$43.0K |
| Total adjustments | -$377.0K | $285.0K |
| Net cash used in operating activities | -$1.4M | -$1.3M |
| Acquisitions of property and equipment | -$54.0K | -$19.0K |
| Proceeds from the sale of property and equipment | $13.0K | $0 |
| Advance for investment in joint venture | -$156.0K | $0 |
| Net cash used in investing activities | -$197.0K | -$19.0K |
| Issuance of common stock | $2.1M | $851.0K |
| Payments on the 2022 Streeterville Note | $0 | -$1.0M |
| Net cash provided by (used in) financing activities | $2.1M | -$149.0K |
| Effect of exchange rate changes on cash | $0 | $0 |
| Net increase (decrease) in cash | $499.0K | -$1.5M |
| Cash paid in year for interest | $0 | $5.0K |
| Debt-to-equity exchange transactions | $0 | $591.0K |
No quarter-by-quarter statement was filed.
Corporate structure
ENERGY FOCUS, INC/DE sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of ENERGY FOCUS, INC/DE
- Chiao Chieh Huang Filed SCHEDULE 13D on ENERGY FOCUS, INC/DE, latest Dec 31, 2025
- Lind Global Fund II LP Filed SC 13G/A on ENERGY FOCUS, INC/DE, latest Feb 13, 2024 (3 filings since Jun 8, 2022)
- ARMISTICE CAPITAL, LLC Filed SC 13G/A on ENERGY FOCUS, INC/DE, latest Feb 14, 2023 (2 filings since Feb 15, 2022)
- ENERGY FOCUS, INC/DE Solon, Ohio, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What ENERGY FOCUS, INC/DE reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Operating-lease assets (leased space) | $207.0K5 Dec 31, 2025 | $377.0K5 Dec 31, 2024 | −45.1% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $1.1M5 Dec 31, 2025 | $565.0K5 Dec 31, 2024 | +88.3% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $2.9M5 Dec 31, 2025 | $3.3M5 Dec 31, 2024 | −10.2% |
| Raw materials | $930.0K5 Dec 31, 2025 | $1.0M5 Dec 31, 2024 | −7.0% |
| Finished goods | $2.6M5 Dec 31, 2025 | $2.6M5 Dec 31, 2024 | −0.7% |
Properties, in its own words
Our principal executive offices and our manufacturing facility are located in an approximately 25,392 square foot facility in Solon, Ohio, under a lease agreement expiring on June 30, 2027. We believe this facility is adequate to support our current operations.
Item 2 of the 10-K filed Mar 24, 2026.4
Leadership
Who has led ENERGY FOCUS, INC/DE, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerChiao Chieh Huang Jun 23, 2025 to now13
- Chief executive officerStephen Socolof Feb 15, 2022 to Jun 23, 202214
- Chief executive officerLesley A. Matt Sep 20, 2022 to May 2, 202315
- Chief executive officerTed Tewksbury Feb 28, 2017 to Feb 28, 201916
- Chief executive officerJames Tu Jan 30, 2014 to Aug 18, 202117
- Chief executive officerEric Hilliard Feb 27, 2013 to Feb 27, 201318
- Chief executive officerJohn Davenport Mar 18, 2008 to Mar 18, 200819
- Chief executive officerJoseph G. Kaveski May 16, 2008 to Feb 27, 201320
- ChairStephen Socolof Jun 23, 2022 to Jun 23, 202221
- ChairTed Tewksbury Dec 16, 2016 to Feb 28, 201922
- ChairJames Tu May 1, 2013 to Aug 18, 202123
- PresidentJames Tu Apr 3, 2019 to Apr 3, 201924
- PresidentTod A. Nestor Jul 18, 2019 to Feb 23, 202125
- PresidentTed Tewksbury Feb 28, 2017 to Feb 28, 201916
- PresidentEric Hilliard May 1, 2013 to Mar 16, 201626
- PresidentJohn Davenport Mar 18, 2008 to Feb 14, 201219
- Chief financial officerJames Tu Apr 3, 2019 to Apr 3, 201924
- Chief financial officerTod A. Nestor Jul 18, 2019 to Feb 15, 202225
- Chief financial officerJerry Turin Jun 6, 2018 to Jan 3, 201927
- Chief financial officerMichael Harry Port Aug 16, 2016 to Apr 4, 201828
- Chief financial officerBradley Brian White Dec 16, 2016 to Mar 13, 201729
- Chief financial officerMarcia Jean Miller Feb 13, 2015 to Mar 16, 201630
- Chief financial officerFrank Lamanna Jul 15, 2013 to Jan 29, 201431
- Chief financial officerMark J. Plush Jul 11, 2011 to Feb 27, 201332
- Chief financial officerNicholas G. Berchtold Aug 21, 2007 to Apr 1, 201133
- Chief financial officerRobert A. Connors Jul 11, 2006 to Jul 11, 200634
- Chief operating officerTod A. Nestor Feb 15, 2022 to Feb 15, 202235
- Chief operating officerEric Hilliard Feb 17, 2009 to Mar 16, 201636
Board members and other officers (44)
- VP Operations & EngineeringRandy Harrison Gianas Aug 8, 2023 to Aug 8, 202337
- Sr. VP, Product Mgmt & Engin.Gregory S. Galluccio Feb 23, 2022 to Feb 23, 202238
- SVP, Corp. Controller & CAOClifford R. Griffin Aug 23, 2022 to Aug 23, 202239
- VP of Human ResourcesTheresa A. Matrisciano Nov 12, 2013 to Mar 18, 201540
- VP & Chief Technology OfficerRoger Buelow Feb 14, 2008 to Feb 27, 201341
- C.E.O.John Davenport Mar 28, 2007 to Apr 23, 200742
- Senior VP Pool & Spa DivisionBarry R. Greenwald May 30, 2007 to Jun 26, 200743
- Vice PresidentEnfants Edward W. Des Jan 13, 2006 to Dec 7, 200644
- CHIEF OPERATIONAL OFFICEREric Hilliard Nov 15, 2006 to Apr 1, 201145
- Board memberChiao Chieh Huang Feb 28, 2023 to now46
- Board memberWen-Jeng Chang Feb 28, 2023 to Feb 28, 202347
- Board memberShou-Jang Lee Aug 8, 2023 to Aug 8, 202348
- Board memberBrian J. Lagarto Mar 1, 2022 to Jun 23, 202249
- Board memberJeffery Robert Parker Mar 16, 2022 to Jun 23, 202250
- Board memberDaas Kaj Den Sep 28, 2022 to Sep 28, 202251
- Board memberGina Huang Jan 30, 2020 to Apr 4, 202352
- Board memberGeraldine McManus Feb 27, 2019 to May 27, 202153
- Board memberRobert A. Farkas Apr 4, 2019 to Apr 4, 201954
- Board memberStephen Socolof Jun 7, 2019 to Feb 15, 202255
- Board memberPhilip Politziner Aug 19, 2019 to Jun 23, 202256
- Board memberSatish Rishi Apr 17, 2018 to Jun 22, 201857
- Board memberGlenda Dorchak Aug 3, 2015 to Jun 22, 201858
- Board memberMarc Eisenberg Aug 3, 2015 to Jun 22, 201859
- Board memberRonald D. Black Aug 3, 2015 to Jun 22, 201860
- Board memberThomas W. Swidarski May 23, 2014 to May 23, 201461
- Board memberMichael Rush Ramelot Oct 4, 2013 to Jun 21, 201962
- Board memberJiangang Luo Oct 7, 2013 to Jun 19, 201763
- Board memberJennifer Y. Cheng Aug 1, 2012 to Jun 23, 202264
- Board memberSimon Cheng Aug 1, 2012 to Mar 18, 201665
- Board memberJames Tu Dec 21, 2012 to Apr 3, 201966
- Board memberDavid Anthony Mar 9, 2010 to Oct 8, 201067
- Board memberDavid Gelbaum Mar 2, 2009 to Mar 31, 201168
- Board memberR. Louis Schneeberger Dec 4, 2009 to Jul 30, 201269
- Board memberJoseph G. Kaveski May 16, 2008 to Feb 27, 201320
- Board memberLaurence Goddard V. Jul 28, 2008 to Jun 29, 200970
- Board memberJ. James Finnerty Oct 30, 2008 to Dec 20, 201371
- Board memberJohn Davenport Apr 23, 2007 to Mar 27, 201572
- Board memberDavid N. Ruckert Jan 13, 2006 to Jun 29, 200973
- Board memberPhilip Wolfson May 17, 2006 to Jun 29, 200974
- Board memberJeffrey H. Brite Jul 11, 2006 to Jul 11, 200675
- Board memberJohn B. Stuppin Jul 11, 2006 to Mar 18, 200876
- Board memberMichael A. Kasper Jul 11, 2006 to Oct 8, 201077
- Board memberPaumgartten Paul Von Jul 11, 2006 to Jul 30, 201278
- Board memberRonald A. Casentini Jul 11, 2006 to Mar 18, 200879
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Senior Vice President and General CounselJames Warren named Dec 28, 2021 to Jun 17, 202280
Former names
- FIBERSTARS INC /CA/Aug 14, 1996 to May 30, 20073
Timeline
- Aug 11, 20268-K Results of operations81
- Jun 17, 20268-K Shareholder vote82
- Jun 3, 20268-K Entered a material agreement; Unregistered sale of shares83
- May 12, 20268-K Results of operations84
- Apr 14, 20268-K Regulation FD disclosure85
- Mar 30, 20268-K Regulation FD disclosure86
- Mar 24, 20268-K Financial statements and exhibits87
- Dec 2, 20258-K Entered a material agreement; Unregistered sale of shares88
- Nov 12, 20258-K Results of operations89
- Aug 19, 20258-K Entered a material agreement; Unregistered sale of shares90
- Aug 14, 20258-K Executive or director change91
- Aug 12, 20258-K Results of operations92
- Jun 23, 2025New chief executive Chiao Chieh Huang becomes CEO13
- Sep 20, 2022New chief executive Lesley A. Matt becomes CEO15
- Feb 15, 2022New chief executive Stephen Socolof becomes CEO14
- Feb 28, 2017New chief executive Ted Tewksbury becomes CEO16
- Jan 30, 2014New chief executive James Tu becomes CEO17
- Feb 27, 2013New chief executive Eric Hilliard becomes CEO18
- May 16, 2008New chief executive Joseph G. Kaveski becomes CEO20
- Mar 18, 2008New chief executive John Davenport becomes CEO19
Calendar
Coming up
- Nov 11, 2026Reports results for the quarter ending Sep/202693
When it reported results
- Aug 11, 2026Reported quarterly or annual results81
- May 12, 2026Reported quarterly or annual results84
- Nov 12, 2025Reported quarterly or annual results89
- Aug 12, 2025Reported quarterly or annual results92
- May 13, 2025Reported quarterly or annual results94
- Nov 12, 2024Reported quarterly or annual results95
- Aug 12, 2024Reported quarterly or annual results96
- May 13, 2024Reported quarterly or annual results97
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
171 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 65 major events, 44 insider forms, 6 large holders, 2 private raises, 34 other. The latest 20:
- Aug 11, 202610-Q EDGAR
- Aug 11, 20268-K EDGAR
- Jun 17, 20268-K EDGAR
- Jun 3, 20268-K EDGAR
- May 12, 202610-Q EDGAR
- May 12, 20268-K EDGAR
- Apr 28, 2026DEF 14A EDGAR
- Apr 14, 20268-K EDGAR
- Mar 30, 20268-K EDGAR
- Mar 24, 202610-K EDGAR
- Mar 24, 20268-K EDGAR
- Dec 31, 20254 EDGAR
- Dec 31, 2025SCHEDULE 13D EDGAR
- Dec 2, 20258-K EDGAR
- Nov 12, 2025S-8 EDGAR
- Nov 12, 202510-Q EDGAR
- Nov 12, 20258-K EDGAR
- Aug 19, 20254 EDGAR
- Aug 19, 20258-K EDGAR
- Aug 14, 20258-K EDGAR
The 171 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
4 open-market trades by officers, directors and large owners since October 2021: 4 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Nov 26, 2025 | Huang Chiao ChiehChief Executive Officer | Buy | 262,009 | $2.29 | $600.0K | Form 4 |
| Aug 15, 2025 | Huang Chiao ChiehChief Executive Officer | Buy | 264,550 | $1.89 | $500.0K | Form 4 |
| Jun 23, 2025 | Huang Chiao ChiehChief Executive Officer | Buy | 110,497 | $1.81 | $200.0K | Form 4 |
| Mar 27, 2025 | Huang Chiao ChiehChief Executive Officer | Buy | 103,627 | $1.93 | $200.0K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Chiao Chieh HuangSCHEDULE 13D, 1 filing Dec 31, 202598
- Lind Global Fund II LPSC 13G/A, 3 filings Jun 8, 2022 to Feb 13, 202499
- ARMISTICE CAPITAL, LLCSC 13G/A, 2 filings Feb 15, 2022 to Feb 14, 2023100
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Senior VicePresident | $152.6K | $171.8K101 | |
| 2025 | Chief Executive Officer and Chief Financial Officer | $7101 | ||
| 2024 | Randy Gianas | $150.9K101 | ||
| 2024 | Jay (Chiao-Chieh) Huang | 52 | $12101 |
Money raised
Private offerings the company reported to the SEC on Form D.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Vanguard Capital Management LLC | 43,332 | $143.0K | 0.0% | No change |
| Heck Capital Advisors, LLC | 35,297 | $116.5K | 0.0% | New |
| Renaissance Technologies LLC | 33,398 | $110.2K | 0.0% | +23,098 |
| Geode Capital Management, LLC | 29,451 | $97.2K | 0.0% | −6,144 |
| Vanguard Fiduciary Trust Co | 19,745 | $65.2K | 0.0% | No change |
| State Street Corp | 13,816 | $45.6K | 0.0% | New |
| Citadel Advisors LLC | 12,705 | $41.9K | 0.0% | New |
| BlackRock, Inc. | 3,296 | $10.9K | 0.0% | No change |
| UBS Group AG | 3,256 | $10.7K | 0.0% | +3,215 |
| Tower Research Capital LLC (TRC) | 2,836 | $9.4K | 0.0% | +871 |
| Morgan Stanley | 2,463 | $8.1K | 0.0% | +2,000 |
| Royal Bank Of Canada | 175 | $1.0K | 0.0% | +162 |
| Fmr LLC | 287 | $946 | 0.0% | New |
| BankPlus Trust Department | 45 | $149 | 0.0% | No change |
| Federation des caisses Desjardins du Quebec | 8 | $26 | 0.0% | No change |
| Country Trust Bank | 4 | $13 | 0.0% | No change |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How ENERGY FOCUS, INC/DE is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARENERGY FOCUS, INC/DE1
- CIK0000924168
- Employer ID (EIN)94-30218504
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)3640 Electric Lighting & Wiring Equipment1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address32000 Aurora Road, Suite B, Solon, OH 441391
- Phone44071513001
- Shares outstanding6,369,222 as of Aug 11, 20266
- Public float$7.8M as of Jun 30, 20254
- AuditorGBQ Partners, LLC, Columbus, Ohio PCAOB ID 1808; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceAug 14, 19961
- Filings1,291 in all: 4 (429), 8-K (300), 10-Q (80), 3 (60), SC 13G/A (36), SC 13D/A (35), DEF 14A (32), SC 13G (28)1
All 54 form types
10-K (24), 4/A (18), EFFECT (18), CORRESP (16), DEFA14A (15), S-3 (15), S-8 (14), UPLOAD (14), 424B3 (13), SC 13D (13), 10QSB (12), PRE 14A (9), SD (8), 10-K/A (7), S-3/A (7), 8-K/A (6), D (6), S-1 (6), S-1/A (6), S-8 POS (6), 3/A (5), 5 (5), 424B5 (4), NT 10-Q (4), 10-K405 (3), 10-K405/A (3), 10KSB (3), 10KSB/A (3), 8-A12G/A (3), ARS (3), DEFR14A (3), 10-Q/A (2), 424B7 (2), POS AM (2), REGDEX (2), 25-NSE (1), 424B1 (1), 424B4 (1), 8-A12B (1), 8-A12G (1), CERTNAS (1), CT ORDER (1), PRER14A (1), RW (1), S-3MEF (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (10-K) Mar 24, 2026
Quarterly report (10-Q) Aug 11, 2026
Proxy statement (DEF 14A) Apr 28, 2026
Latest 8-K (8-K) Aug 11, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common stock, par value $0.0001 per share | EFOI | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Mar 24, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks ENERGY FOCUS, INC/DE names in Item 1A of its 10-K filed Mar 24, 2026: 37 risks under these headings, as written.4
- Risks Associated with Our Business
- If we are unable to attract or retain qualified personnel, our business and product development efforts could be harmed.
- We rely on equity and debt financing to operate our business and will require additional financing in the near term, which we may not be able to raise on favorable terms or at all, and our failure to obtain funding when needed may force us to delay, scale back or eliminate our business plan or even discontinue or curtail our operations.
- Our independent registered public accounting firm’s opinion on our audited financial statements for the fiscal year ended December 31, 2025, included in this Annual Report, contains a modification relating to our ability to continue as a going concern.
- We have a history of operating losses and will incur losses in the future as we continue our efforts to grow sales and streamline our operations at a profitable level.
- While we are attempting to diversify our customer base, we have historically derived a significant portion of our revenue from a few customers, and the loss of one of these customers, or a reduction in their demand for our products, could adversely affect our business, financial condition, results of operations, and prospects.
- If critical components and finished products that we develop with and purchase from a small number of third-party development partners and suppliers become unavailable or increase in price, or if our development partners, suppliers or delivery channels fail to meet our requirements for quality, quantity, and timeliness, our revenue and reputation in the marketplace could be harmed, which would damage our business.
- If we are unable to implement plans to increase sales and control expenses to manage future growth effectively, our profitability goals and liquidity will be adversely affected.
- Our results of operations, financial condition and business could be harmed if we are unable to balance customer demand and capacity.
- If we are not able to compete effectively against companies with lower cost structures or greater resources, or new competitors who enter our target markets, our sales will be adversely affected.
- We work with independent agents and sales representatives for a portion of our net sales, and the failure to incentivize, retain and manage our relationships with these third parties, or the termination of these relationships, could cause our net sales to decline and harm our business.
- If our LED lighting and control technology products fail to gain widespread market acceptance or we are unable to respond effectively as new technologies and market trends emerge, our competitive position and our ability to generate revenue, and profits may be harmed.
The other 26 risks
- Our operating results may fluctuate due to factors that are difficult to forecast and not within our control.
- Depressed general economic conditions may adversely affect our operating results and financial condition.
- Customers may be unable to obtain financing to make purchases from us.
- A significant portion of our business is dependent upon the existence of government funding, which may not be available into the future and could result in a reduction in sales and harm to our business.
- Our products could contain defects, or they may be installed or operated incorrectly, which could reduce sales of those products or result in claims against us.
- We may be subject to confidential information theft or misuse, which could harm our business and results of operations.
- We may fail to secure sufficient additional financing, which could prevent us from executing our business plan and continuing as a going concern.
- Global trade policies, including tariffs, could increase costs and disrupt our supply chain, adversely affecting our operations and profitability.
- Foreign currency fluctuations may adversely affect our financial results.
- We have international operations and are subject to risks associated with operating in international markets.
- Our business and operations are significantly dependent on Sander Electronics, which creates material conflicts of interest and business risks.
- Our Chief Executive Officer currently serves as our Principal Financial Officer, which may impact our internal controls and increase risks related to financial reporting.
- Risks Associated with Legal and Regulatory Matters
- We may be subject to legal claims against us or claims by us that could have a significant impact on our resulting financial performance.
- Our business may suffer if we fail to comply with government contracting laws and regulations.
- If we are unable to obtain and adequately protect our intellectual property rights or are subject to claims that our products infringe on the intellectual property rights of others, our ability to commercialize our products could be substantially limited.
- We may be subject to intellectual property infringement claims or other allegations by third parties, which may materially and adversely affect our business, results of operations and prospects.
- The ability to use our net operating loss carryforwards and certain other tax attributes may be limited.
- The cost of compliance with environmental, health, safety, and other laws and regulations could adversely affect our results of operations or financial condition.
- We may be exposed to certain regulatory and financial risks related to climate change.
- Our net sales might be adversely impacted if our lighting systems do not meet certain certification and compliance standards.
- We rely heavily on information technology in our operations and any material failure, weakness, interruption or breach of security could prevent us from effectively operating our business, which could have a material adverse effect on our business, financial condition, and results of operations.
- Risks Associated with an Investment in Our Common Stock
- As a “thinly-traded” stock with a relatively small public float, the market price of our common stock is highly volatile and may decline regardless of our operating performance.
- We could issue additional shares of common stock or preferred stock without stockholder approval, or new securities with terms or rights superior to those of our existing shareholders, which may adversely affect the market price of our common stock.
- The exercise of outstanding warrants to purchase our common stock or the conversion of shares of our Series A Preferred Stock (as defined below) into shares of common stock may dilute the ownership interest of our investors.
- We have never paid dividends on our common stock, and we do not anticipate paying any cash dividends in the foreseeable future.
- The elimination of monetary liability against our directors under Delaware law and the existence of indemnification rights held by our directors and officers may result in substantial expenditures by the Company and may discourage lawsuits against our directors and officers.
Legal proceedings
From time to time, we may be involved in legal proceedings arising from the normal course of business. See Note 15, “Legal Matters,” to our financial statements for the year ended December 31, 2025 included in Part II, Item 8, “Financial Statements and Supplementary Data,” of this Annual Report.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 17SEC EDGARJames Tu, Chief executive officer
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- 21SEC EDGARStephen Socolof, Chair
- 22SEC EDGARTed Tewksbury, Chair
- 23SEC EDGARJames Tu, Chair
- 24SEC EDGARJames Tu, President
- 25SEC EDGARTod A. Nestor, President
- 26SEC EDGAREric Hilliard, President
- 27SEC EDGARJerry Turin, Chief financial officer
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- 42SEC EDGARJohn Davenport, C.E.O.
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- 46SEC EDGARChiao Chieh Huang, Board member
- 47SEC EDGARWen-Jeng Chang, Board member
- 48SEC EDGARShou-Jang Lee, Board member
- 49SEC EDGARBrian J. Lagarto, Board member
- 50SEC EDGARJeffery Robert Parker, Board member
- 51SEC EDGARDaas Kaj Den, Board member
- 52SEC EDGARGina Huang, Board member
- 53SEC EDGARGeraldine McManus, Board member
- 54SEC EDGARRobert A. Farkas, Board member
- 55SEC EDGARStephen Socolof, Board member
- 56SEC EDGARPhilip Politziner, Board member
- 57SEC EDGARSatish Rishi, Board member
- 58SEC EDGARGlenda Dorchak, Board member
- 59SEC EDGARMarc Eisenberg, Board member
- 60SEC EDGARRonald D. Black, Board member
- 61SEC EDGARThomas W. Swidarski, Board member
- 62SEC EDGARMichael Rush Ramelot, Board member
- 63SEC EDGARJiangang Luo, Board member
- 64SEC EDGARJennifer Y. Cheng, Board member
- 65SEC EDGARSimon Cheng, Board member
- 66SEC EDGARJames Tu, Board member
- 67SEC EDGARDavid Anthony, Board member
- 68SEC EDGARDavid Gelbaum, Board member
- 69SEC EDGARR. Louis Schneeberger, Board member
- 70SEC EDGARLaurence Goddard V., Board member
- 71SEC EDGARJ. James Finnerty, Board member
- 72SEC EDGARJohn Davenport, Board member
- 73SEC EDGARDavid N. Ruckert, Board member
- 74SEC EDGARPhilip Wolfson, Board member
- 75SEC EDGARJeffrey H. Brite, Board member
- 76SEC EDGARJohn B. Stuppin, Board member
- 77SEC EDGARMichael A. Kasper, Board member
- 78SEC EDGARPaumgartten Paul Von, Board member
- 79SEC EDGARRonald A. Casentini, Board member
- 80
- 81SEC EDGARResults of operations
- 82SEC EDGARShareholder vote
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- 84SEC EDGARResults of operations
- 85SEC EDGARRegulation FD disclosure
- 86SEC EDGARRegulation FD disclosure
- 87SEC EDGARFinancial statements and exhibits
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- 89SEC EDGARResults of operations
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- 91SEC EDGARExecutive or director change
- 92SEC EDGARResults of operations
- 93NasdaqNasdaq calendar
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