Energy Focus, Inc. (Nasdaq:EFOI) Reports 4Q and FY’2010 - CRWENewswire.com Stock Highlight

Mar 31st, 2011

efoi

It is hard to imagine a major market that will change more in the next decade than the more than $100 billion international lighting market.

I’m Lynn Lumpkin with CRWE Newswire — Today’s company highlight is Energy Focus Incorporated trading with the symbol EFOI

Energy Focus Incorporated is a leading provider of energy efficient light-emitting diode (LED) lighting products and turnkey energy efficient lighting solutions, holding 74 relevant lighting patents. The company’s solutions provide energy savings, aesthetics, safety and maintenance cost benefits over conventional lighting. The company’s long-standing relationship with the U.S. Government includes numerous research and development projects for the DOE and DARPA, creating energy efficient LED lighting systems for the U.S. Navy fleet and the next generation Very High Efficiency Solar Cell. Customers include supermarket chains, the US government, state and local governmental agencies, retail stores, museums, theme parks and casinos, hotels, swimming pool builders and many others.

Energy Focus recently reported its financial results for the fourth quarter ended December 31, 2010 and outlook for 2011.

Financial and operating highlights for the fourth quarter and the full year of 2010 include:

- Fourth quarter 2010 net sales from continuing operations of $8.8 million increased 2.4 times compared to fourth quarter 2009 net sales from continuing operations of $3.6 million.

- Annual sales from continuing operations in 2010 of $35.1 million increased 2.8 times compared to 2009 net sales from continuing operations of $12.5 million.

- Cash increased $3.0 million for the full year 2010 ($1.5 million of which was net cash provided from continuing operations) versus a cash decrease of $9.5 million for 2009. The Company finished the year with cash on hand of $4.1 million.

Energy Focus’ outlook for the first quarter of 2011 and the full year of 2011 include:

- Sales to exceed $5 million in the first quarter.

- Revenue from continuing operations (excluding potential acquisitions) of over $35 million for the full year.

- The Company expects net cash provided by continuing operations to be positive for the year.

For more information about Energy Focus Incorporated, symbol EFOI, visit www.energyfocusinc.com — I’m Lynn Lumpkin with CRWE Newswire

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