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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.
The business is unprofitable at the operating level (-28.76% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 26.7% YoY. The question is whether this is cyclical or a structural shift.
Negative free cash flow of -$1M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$4M
▼ -26.7% YoY
Net Income (TTM)
-$899K
▲ +35.1% YoY
Op. Margin
-23.04%
▲ +9.1pp YoY
ROIC
-18.84%
▲ +9.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$1M
▼ -10.8% YoY
Op. Cash Flow (TTM)
-$1M
▼ -8.2% YoY
Net Debt
-$941K
Net Cash Position
Cash & Equiv.
$1M
5Y CAGR: -26.7%
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