Energy Focus, Inc.

Climate Impact & Sustainability Data (2020)

Net Sales for the FY 2020 grew 32.5% over 2019 (Indirectly implies environmental improvements due to energy-efficient products)

Improved employee retention and satisfaction through improved working conditions and benefits (Inferred from improved financial performance and focus on HCL)

Medium-term Goals:

Targeting to retrofit 1+ billion lighting fixtures in the US with global applications

Short-term Goals:

Launching additional UV-C Disinfection products in June and starting sales and deliveries in late Q2/early Q3 2021

Disruptions and slowing in the U.S. and global economy and business interruptions due to the COVID-19 pandemic
Need for additional financing
Reliance on a limited number of customers
Reliance on a limited number of third-party suppliers
Fluctuating demand
Competition from companies with lower cost structures or greater resources
Difficulty in scaling sales network
Attracting and retaining qualified personnel
General economic conditions
Dependence on military maritime customers and government funding
Business interruptions from geopolitical actions, natural disasters, or pandemics
Responding to new lighting technologies and market trends
Delays in making new products available
Flaws or defects in products
Protecting intellectual property
Compliance with government contracting laws and regulations
Risks inherent in international markets
Maintaining effective internal controls and compliance as a public company
Maintaining compliance with Nasdaq listing standards