Tearsheet

Energy Focus (EFOI)

Market Price (12/4/2025): $2.1 | Market Cap: $11.3 Mil
Sector: Consumer Discretionary | Industry: Household Appliances

Energy Focus (EFOI)

Market Price (12/4/2025): $2.1
Market Cap: $11.3 Mil
Sector: Consumer Discretionary
Industry: Household Appliances

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Megatrend and thematic drivers Megatrends include Sustainable & Green Buildings, Smart Buildings & Proptech, and Sustainable Resource Management. Themes include Energy Efficient Building Materials, Show more.	Weak multi-year price returns 2Y Excs Rtn is -31%, 3Y Excs Rtn is -89%	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -1.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -28%
1			Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -31%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14%, Rev Chg QQuarterly Revenue Change % is -26%
2			Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -24%
3			Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 141%
4			Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -13%
5			High stock price volatility Vol 12M is 140%

0	Megatrend and thematic drivers Megatrends include Sustainable & Green Buildings, Smart Buildings & Proptech, and Sustainable Resource Management. Themes include Energy Efficient Building Materials, Show more.
1	Weak multi-year price returns 2Y Excs Rtn is -31%, 3Y Excs Rtn is -89%
2	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -1.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -28%
3	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -31%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14%, Rev Chg QQuarterly Revenue Change % is -26%
4	Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -24%
5	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 141%
6	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -13%
7	High stock price volatility Vol 12M is 140%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$2.10	$1.19	$1.51	$2.21	$29.89
Market Cap CYE ($ Mil)	11.3	6.3	6.6	3.0	22.7
Total Debt ($ Mil)	0.3	0.4	2.3	6.1	4.2
Total Cash ($ Mil)	0.5	0.6	2.0	0.6	3.4
Enterprise Value ($ Mil)	11.1	6.7	8.9	9.1	26.9
Valuation Ratios
P/S TTM	3.2	1.2	0.9	0.4	2.0
P/EBIT TTM	-12.2	-3.7	-1.2	-0.3	-2.7
P/E TTM	-12.2	-3.7	-1.1	-0.2	-2.5
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8	1.4
P/EBIT TTM (Sector)	7.6	8.0	7.8	6.3	8.3
P/E TTM (Sector)	10.4	11.1	10.7	8.4	10.8

	12/4/25	2024	2023
Share Price CYE	$2.10	$1.19	$1.51
Market Cap CYE ($ Mil)	11.3	6.3	6.6
Total Debt ($ Mil)	0.3	0.4	2.3
Total Cash ($ Mil)	0.5	0.6	2.0
Enterprise Value ($ Mil)	11.1	6.7	8.9
Valuation Ratios
P/S TTM	3.2	1.2	0.9
P/EBIT TTM	-12.2	-3.7	-1.2
P/E TTM	-12.2	-3.7	-1.1
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9
P/EBIT TTM (Sector)	7.6	8.0	7.8
P/E TTM (Sector)	10.4	11.1	10.7

	EFOI	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	0.0
Rev Chg Q	-26.4%	7.1%
Rev Chg LTM	-30.8%	6.1%
Rev Chg 3Y Avg	-13.8%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	-0.0
CFO LTM ($ Bil)	-0.0
Net Inc LTM ($ Bil)	-0.0
Op Mgn LTM	-27.8%	18.8%
CFO/Rev LTM	-23.8%	20.5%
Net Inc Mgn	-26.2%	13.1%
VALUATION	MODERATE
P/S	3.2	3.2
P/CFO	-13.4	15.8
P/FCF	-13.1	20.5
P/E	-12.2	23.5
STABILITY	VERY GOOD
Debt/Equity	0.02	0.20
Cash/Assets	0.10	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Primary Distributor for the U.S. Navy's Share of Net Sales	16%	12312024	Link
U.S. Navy Shipbuilder's Share of Net Sales	17%	12312024	Link
Total Customer Concentration (Top Two Customers)	48%	12312023	Link
Lighting Products Installed on U.S. Navy Fleet	approximately 900,000	6032022	Link

Recent
11/12/2025	Earnings Release	Rev: $0.0 Mil (A) vs. $null (E) EPS: -0.03 (A) vs. $null (E)

EFOI Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Key Factors for Energy Focus (EFOI) Stock Movement from 8/31/2025 to 12/4/2025

1. Disappointing Q3 2025 Financial Results: Energy Focus reported a net loss of $172,000 on revenues of $826,000 for the third quarter of 2025, announced around November 12, 2025, reflecting continued unprofitability. This represented a significant decrease of 31% in net sales compared to Q3 2024 and a 27.7% sequential decline from Q2 2025.

2. Significant Decline in Key Revenue Segments: Both the Military Maritime Market (MMM) and commercial sales experienced substantial drops. MMM sales decreased by 26.6% year-over-year in Q3 2025, partly due to federal budget delays. Commercial revenue was down 42.3% in Q3 2025 compared to the same period in 2024, as a one-off data center project in Taiwan that boosted Q2 sales rolled off.

Stock Movement Drivers

Fundamental Drivers

The -19.3% change in EFOI stock from 9/3/2025 to 12/3/2025 was primarily driven by a -19.3% change in the company's P/S Multiple.

	9032025	12032025	Change
Stock Price ($)	2.54	2.05	-19.29%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4.23	4.23	0.00%
P/S Multiple	3.23	2.60	-19.29%
Shares Outstanding (Mil)	5.38	5.38	0.00%
Cumulative Contribution			-19.29%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
EFOI	-19.3%
Market (SPY)	6.2%	10.4%
Sector (XLY)	3.5%	10.6%

Fundamental Drivers

The -2.9% change in EFOI stock from 6/4/2025 to 12/3/2025 was primarily driven by a -8.8% change in the company's Total Revenues ($ Mil).

	6042025	12032025	Change
Stock Price ($)	2.11	2.05	-2.89%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4.64	4.23	-8.83%
P/S Multiple	2.39	2.60	8.80%
Shares Outstanding (Mil)	5.27	5.38	-2.15%
Cumulative Contribution			-2.94%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
EFOI	-2.9%
Market (SPY)	15.1%	8.7%
Sector (XLY)	11.5%	10.9%

Fundamental Drivers

The 40.1% change in EFOI stock from 12/3/2024 to 12/3/2025 was primarily driven by a 102.2% change in the company's P/S Multiple.

	12032024	12032025	Change
Stock Price ($)	1.46	2.05	40.11%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	5.97	4.23	-29.15%
P/S Multiple	1.29	2.60	102.21%
Shares Outstanding (Mil)	5.26	5.38	-2.24%
Cumulative Contribution			40.04%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
EFOI	40.1%
Market (SPY)	14.3%	9.3%
Sector (XLY)	7.4%	8.2%

Fundamental Drivers

The -22.4% change in EFOI stock from 12/4/2022 to 12/3/2025 was primarily driven by a -309.7% change in the company's Shares Outstanding (Mil).

	12042022	12032025	Change
Stock Price ($)	2.64	2.05	-22.38%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	7.71	4.23	-45.10%
P/S Multiple	0.45	2.60	479.18%
Shares Outstanding (Mil)	1.31	5.38	-309.67%
Cumulative Contribution			-766.73%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
EFOI	17.1%
Market (SPY)	53.2%	6.6%
Sector (XLY)	42.3%	6.2%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
EFOI Return	70%	6%	-93%	-32%	-21%	77%	-87%
Peers Return	17%	3%	-13%	-6%	2%	-19%	-18%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
EFOI Win Rate	33%	42%	25%	50%	42%	60%
Peers Win Rate	27%	22%	15%	27%	32%	40%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
EFOI Max Drawdown	-41%	-52%	-93%	-46%	-24%	0%
Peers Max Drawdown	-18%	-5%	-18%	-13%	-24%	-31%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: SN, IRBT, ALH, XWIN, WHR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	EFOI	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-97.6%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	4024.2%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-69.8%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	231.6%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	54 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-92.5%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	1226.4%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	Not Fully Recovered days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-94.4%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	1673.3%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	2179 days	1480 days

Compare to SN, IRBT, ALH, XWIN, WHR

In The Past

Energy Focus's stock fell -97.6% during the 2022 Inflation Shock from a high on 2/9/2021. A -97.6% loss requires a 4024.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Energy Focus (EFOI)

Energy Focus, Inc., together with its subsidiaries, designs, develops, manufactures, markets, and sells energy-efficient lighting systems, and controls and ultraviolet-C light disinfection products in the United States and internationally. It offers military maritime market light-emitting diode (LED) lighting products, such as Military-grade Intellitube retrofit TLED and the Invisitube ultra-low EMI TLED; and Military-grade fixtures, including LED globe lights, berth lights; high-bay fixtures and LED retrofit kits to serve the United States navy and allied foreign navies. The company also provides RedCap emergency battery backup TLEDs; EnFocus lighting platform, including dimming and color tuning; LED replacement fixtures for linear fluorescent lamps, downlights, and retrofit kits for low-bay, high-bay and office applications; LED dock lights; and nUVo tower and nUVo traveler portable UVCD air disinfectors. It sells its products to military maritime, industrial, and commercial markets through direct sales employees, independent sales representatives, electrical and lighting contractors, and distributors, as well as via e-commerce. The company was formerly known as Fiberstars, Inc. and changed its name to Energy Focus, Inc. in May 2007. Energy Focus, Inc. was founded in 1985 and is headquartered in Solon, Ohio.

AI Generated Analysis | Feedback

```html

The commercial and military LED lighting provider, similar to a focused division of Signify (formerly Philips Lighting).
Like a specialized Acuity Brands, delivering robust LED lighting and disinfection solutions for professional and government sectors.

```

AI Generated Analysis | Feedback

LED Tubes: Energy-efficient replacement lamps designed to retrofit existing fluorescent lighting fixtures.
LED Luminaires: Complete, integrated LED lighting fixtures often specialized for industrial, healthcare, maritime, or hazardous environments.
LED Lighting Control Systems: Smart, wireless systems designed to manage and optimize lighting levels, schedules, and energy consumption.
RedBand™ LED Lighting: Specialized LED lighting solutions designed with human-centric technology to enhance alertness, sleep, and overall well-being.

AI Generated Analysis | Feedback

Energy Focus (EFOI) sells primarily to other companies (B2B).

Based on their public filings, Energy Focus does not report any single customer accounting for 10% or more of their total revenue. Therefore, specific major customer companies with their symbols cannot be listed. Instead, Energy Focus serves a diversified customer base across various market segments, primarily through distribution channels and direct sales to end-users in institutional and commercial sectors. Their major customer categories include:

Distributors and Electrical Contractors: These are critical partners who purchase Energy Focus products and then resell or install them for a broad range of end-users in commercial, industrial, and institutional settings.
Institutional and Public Sector Clients: This category includes a wide array of entities such as healthcare facilities (hospitals, clinics), educational institutions (schools, universities), and various government and military organizations (including the U.S. Navy and other federal, state, and local agencies).
Commercial and Industrial Enterprises: Businesses in sectors like offices, retail, manufacturing, and warehousing that seek to upgrade their lighting infrastructure for energy efficiency and performance.

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

Chiao Chieh Huang, Chief Executive Officer, President, Director, and CFO

Mr. Huang has served as Energy Focus' Chief Executive Officer and Director since August 2023, and as Chief Financial Officer since at least June 2025. He joined the Board in January 2023. Mr. Huang has been the President of Sander Electronics since 2015, and held increasing responsibilities there since 1997. An innovative entrepreneur, he has over 20 years of experience in engineering and management within the LED lighting industry and holds over 50 electronic and lighting related patents. Sander Electronics made a strategic investment in Energy Focus, which involved the issuance and sale of shares and a long-term capital investment.

Randy Gianas, Senior Vice President

Mr. Gianas currently serves as the Senior Vice President at Energy Focus since August 2023. Prior to this role, he was the Vice President of Engineering and Operations at Energy Focus from October 2020 to August 2023. His previous experience includes serving as President of North Coast Engineered Products from May 2019 to September 2020, and as Northeast Regional Sales Manager at DuraGuard Products, Inc. - A QSSI Company. He also held positions as Sourcing Manager and Project Engineer at Kichler Lighting, and Mechanical Engineer at Arisdyne Systems, Inc.

Laszlo Takacs, Chief Technology Officer

Mr. Takacs was appointed Chief Technology Officer in November 2017. He is an accomplished engineer, scientist, and technology leader with three decades of experience in electronics, lighting, and controls. Before his current role, he was a Senior Principal Engineer at Soraa, Inc., where he implemented flicker-reducing electronic redesigns and architected wireless lighting control systems. He also served as Senior Principal Engineer in Rambus' Lighting and Display Technologies division and was Director of R&D at Energy Focus from 2007 to 2012, where he designed the military IntellitubeTM product. Mr. Takacs holds 17 patents.

Stephen B. Davis, Director of Government & Investor Relations

Mr. Davis holds the position of Director of Government & Investor Relations at Energy Focus.

AI Generated Analysis | Feedback

The emerging adoption of Lighting-as-a-Service (LaaS) and broader Energy Efficiency as a Service (EEaaS) models poses a clear emerging threat to Energy Focus (EFOI). These service models shift the market from a traditional product purchase and capital expenditure approach to a subscription or operational expenditure model, where customers pay a recurring fee for lighting solutions, including installation, maintenance, and guaranteed energy savings, often with no upfront cost. Major players in the lighting and energy services industry are actively promoting and implementing these models. If the market significantly shifts towards LaaS/EEaaS, EFOI, which primarily focuses on manufacturing and selling LED lighting products, could face challenges as customers increasingly prefer comprehensive service solutions over standalone product acquisitions, potentially disrupting EFOI's traditional sales channels and business model.

AI Generated Analysis | Feedback

Addressable Markets for Energy Focus (EFOI) Products

Energy Focus (EFOI) has historically focused on energy-efficient lighting solutions, including LED lighting and human-centric lighting systems, as well as UV-C light disinfection products.

LED Lighting Solutions
The addressable market for LED lighting solutions in the U.S. is substantial. The U.S. LED lighting market was valued at approximately USD 19.1 billion in 2024 and is projected to grow to USD 61.4 billion by 2035. Another estimate indicates the market at USD 19.22 billion in 2025, forecast to reach USD 23.53 billion by 2030.

UV-C Light Disinfection Products
The U.S. market for ultraviolet (UV) disinfection equipment, which includes UV-C light disinfection products, was valued at USD 510 million in 2023 and is anticipated to reach approximately USD 2,090 million by 2034, growing at a compound annual growth rate (CAGR) of 14% from 2024 to 2034.

Human-Centric Lighting (HCL) / Circadian Lighting
The global circadian lighting market is a growing addressable market. It was valued at USD 716 million in 2025 and is projected to expand significantly with a CAGR of 15.1% from 2025 to 2033. Another estimate places the global circadian rhythm lighting market at approximately USD 1.8 billion in 2025, with a projected CAGR of around 12% through 2033. North America is identified as a leading region in the circadian lighting market.

AI Generated Analysis | Feedback

Energy Focus (EFOI) is expected to drive future revenue growth over the next 2-3 years through several key initiatives, focusing on expanding its commercial market presence, diversifying its product offerings in energy solutions, and strategically entering new geographies. Here are 3-5 expected drivers of future revenue growth: * Growth in Commercial Sales and Market Opportunities: Energy Focus has demonstrated resilience in its commercial sales, notably driven by a high-value uninterruptible power supply (UPS) project in Taiwan in Q2 2025, which saw commercial sales rise by 117.7%. The company's CEO has emphasized commercial market opportunities as a strategic priority, suggesting a continued focus on expanding its customer base and securing significant projects within this segment. * Expansion into New Geographic Markets: A key strategic initiative for Energy Focus involves expanding its presence into new regions, specifically mentioning efforts in the Gulf Cooperation Council (GCC) region. This geographical expansion aims to tap into new customer bases and market demands for its lighting and energy solutions. * Diversification and Growth of Energy Storage and Solar Inverter Solutions: Beyond its traditional LED lighting, Energy Focus offers a comprehensive product line that includes energy storage solutions for residential, commercial, and industrial applications, as well as solar inverters. Continued investment and expansion in these new technologies, which support critical infrastructure and boost energy efficiency, are anticipated to contribute to future revenue growth by addressing the growing demand for sustainable and efficient energy management systems. * Recovery and Stabilization of Military and Maritime Sales: While the military segment experienced a significant revenue decline in Q2 2025 due to federal budget uncertainties and delays in defense contract activity, any stabilization or resurgence in government spending and contract awards within the military and maritime markets could serve as a recovery-driven growth factor. Energy Focus has a history as a leader in energy-efficient lighting and control system products for the commercial and military maritime markets. * New Technologies and Solutions for Energy Efficiency: Energy Focus plans to continue its investments in new technologies designed to support critical infrastructure and enhance energy efficiency. This ongoing innovation, which aligns with broader trends towards energy transition and optimization, positions the company to introduce new products and services that cater to evolving market needs for energy-saving and smart energy systems.

AI Generated Analysis | Feedback

Share Issuance

Energy Focus entered into a securities purchase agreement on August 15, 2025, to issue and sell 264,550 shares of common stock in a private placement to its CEO and CFO, raising $500,000.
In March and June 2025, the CEO made private placement purchases of approximately $200,000 each.
In February 2023, Energy Focus sold $400,000 of common stock to a member of its Board of Directors in a private placement.

Inbound Investments

On August 15, 2025, Energy Focus entered a securities purchase agreement with its CEO and CFO, Jay Huang, for a private placement of 264,550 shares of common stock, generating $500,000.
In March and June 2025, the CEO purchased approximately $200,000 of stock in private placements.
A member of the Board of Directors purchased $400,000 of common stock in a private placement in February 2023.

Capital Expenditures

Energy Focus Inc.'s Capital Expenditures amounted to -$24k USD based on the financial report for June 30, 2025.
Historical capital expenditures have shown average annual growth rates of 55% over the past three years and 36% over the past five years.
The company's capital expenditure plan projects $0 for capital expenditures from 2025 to 2029, with capital expenditure as a percentage of revenue at 2% for these years.

Better Bets than Energy Focus (EFOI)

	EFOI	Better Performance than EFOI
Metric	Value	INDUSTRY: Household Appliances
Rev Chg LTM	-30.8%	SN (18.9%), HLMN (4.5%), SCS (3.9%), HELE (-5.7%), WHR (-11.4%)
Rev Chg 3Y Avg	-13.8%	SCS (1.8%), HLMN (1.3%), HBB (-1.7%), HELE (-6.6%), WHR (-8.9%)
Op Mgn LTM	-27.8%	SN (12.8%), HELE (8.9%), HLMN (7.2%), WHR (5.3%), SCS (4.5%)
CFO/Rev LTM	-23.8%	SN (8.8%), HLMN (7.6%), HELE (5.0%), WHR (2.8%), SCS (0.5%)
FCF/Rev LTM	-24.4%	SN (6.4%), HELE (2.8%), HLMN (2.7%), WHR (0.4%), SCS (-1.1%)
Total Yield	-8.4%	HBB (16.5%), SCS (7.7%), SN (3.9%), WHR (3.7%), HLMN (2.1%)
P/S	3.1	WHR (0.3), HELE (0.3), SCS (0.4), HLMN (1.2), SN (2.4)
P/Op Inc	-11.2

	EFOI	Better Performance than EFOI
Metric	Value	SECTOR: Consumer Discretionary
Rev Chg LTM	-30.8%	AMZN (10.9%), HD (8.5%), TJX (4.1%), MCD (1.2%), TSLA (-1.6%)
Rev Chg 3Y Avg	-13.8%	AMZN (11.3%), TSLA (9.3%), TJX (5.3%), MCD (4.2%), HD (2.2%)
Op Mgn LTM	-27.8%	MCD (46.1%), HD (13.1%), AMZN (11.4%), TJX (11.2%), TSLA (5.1%)
CFO/Rev LTM	-23.8%	MCD (39.9%), AMZN (18.1%), TSLA (16.5%), HD (10.8%), TJX (10.2%)
FCF/Rev LTM	-24.4%	MCD (28.1%), HD (8.6%), TSLA (7.1%), TJX (7.0%), AMZN (2.0%)
Total Yield	-8.4%	HD (6.5%), MCD (6.2%), TJX (4.9%), AMZN (3.0%), TSLA (0.4%)
P/S	3.1	LOW (1.5), HD (2.2), NKE (2.2), TJX (2.4), SBUX (2.8)
P/Op Inc	-11.2

	EFOI	Better Performance than EFOI
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	-30.8%	NVDA (71.6%), AVGO (28.0%), MSFT (15.6%), GOOGL (13.4%), AAPL (6.0%)
Rev Chg 3Y Avg	-13.8%	NVDA (92.0%), AVGO (24.0%), MSFT (13.2%), GOOGL (11.0%), AAPL (1.8%)
Op Mgn LTM	-27.8%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), GOOGL (32.2%), AAPL (31.9%)
CFO/Rev LTM	-23.8%	MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), GOOGL (39.3%), AAPL (26.6%)
FCF/Rev LTM	-24.4%	NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	-8.4%	GOOGL (4.6%), MSFT (3.4%), AAPL (3.0%), NVDA (2.3%), AVGO (1.5%)
P/S	3.1	UNH (0.7), WMT (1.1), XOM (1.4), COST (1.5), BRK-B (2.7)
P/Op Inc	-11.2

		Best Bets In Consumer Discretionary Sector
	EFOI
What You Pay
P/E	-11.9
P/EBIT	-11.9
What You Get
Rev Chg Q	-26.4%
Rev Chg LTM	-30.8%
Rev Chg 3Y Avg	-13.8%
FCF/Rev 3Y Avg	-39.2%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Is Energy Focus Stock Built to Withstand More Downside?	Return

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to EFOI. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	6.8%	6.8%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.5%	0.5%	0.0%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-2.6%	-2.6%	-2.6%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.7%	3.7%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.3%	1.3%	-1.6%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	6.8%	6.8%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.5%	0.5%	0.0%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-2.6%	-2.6%	-2.6%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.7%	3.7%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.3%	1.3%	-1.6%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Energy Focus

Peers to compare with:

Financials

	EFOI	SN	IRBT	ALH	XWIN	WHR	Median
Name	Energy F.	SharkNin.	iRobot	Alliance.	XMax	Whirlpool
Mkt Price	2.05	107.44	3.39	22.49	5.49	80.85	13.99
Mkt Cap	0.0	15.2	0.1	-	-	4.5	2.3
Rev LTM	4	6,085	547	-	10	15,563	547
Op Inc LTM	-1	782	-149	-	-4	828	-1
FCF LTM	-1	392	-107	-	-1	62	-1
FCF 3Y Avg	-2	176	-45	-	-2	229	-2
CFO LTM	-1	537	-107	-	-1	437	-1
CFO 3Y Avg	-2	313	-43	-	-2	720	-2

Growth & Margins

	EFOI	SN	IRBT	ALH	XWIN	WHR	Median
Name	Energy F.	SharkNin.	iRobot	Alliance.	XMax	Whirlpool
Rev Chg LTM	-30.8%	18.9%	-33.1%	-	-0.0%	-11.4%	-11.4%
Rev Chg 3Y Avg	-13.8%	-	-24.3%	-	-9.1%	-8.9%	-11.4%
Rev Chg Q	-26.4%	14.3%	-24.6%	-	-4.9%	1.0%	-4.9%
QoQ Delta Rev Chg LTM	-8.8%	3.5%	-8.0%	-	-1.3%	0.3%	-1.3%
Op Mgn LTM	-27.8%	12.8%	-27.3%	-	-38.4%	5.3%	-27.3%
Op Mgn 3Y Avg	-73.0%	10.5%	-21.9%	-	-68.5%	5.1%	-21.9%
QoQ Delta Op Mgn LTM	4.7%	1.0%	-6.7%	-	2.5%	-0.4%	1.0%
CFO/Rev LTM	-23.8%	8.8%	-19.6%	-	-9.5%	2.8%	-9.5%
CFO/Rev 3Y Avg	-38.6%	6.0%	-7.5%	-	-23.2%	4.1%	-7.5%
FCF/Rev LTM	-24.4%	6.4%	-19.6%	-	-9.5%	0.4%	-9.5%
FCF/Rev 3Y Avg	-39.2%	3.3%	-7.7%	-	-23.3%	1.3%	-7.7%

Valuation

	EFOI	SN	IRBT	ALH	XWIN	WHR	Median
Name	Energy F.	SharkNin.	iRobot	Alliance.	XMax	Whirlpool
Mkt Cap	0.0	15.2	0.1	-	-	4.5	2.3
P/S	3.1	2.4	0.2	-	-	0.3	1.3
P/EBIT	-11.9	18.4	-0.7	-	-	8.8	4.1
P/E	-11.9	25.3	-0.6	-	-	-24.1	-6.2
P/CFO	-13.1	27.1	-1.2	-	-	10.1	4.5
Total Yield	-8.4%	3.9%	-166.7%	-	-	3.7%	-2.4%
Dividend Yield	0.0%	0.0%	0.0%	-	-	7.8%	0.0%
FCF Yield 3Y Avg	-30.4%	1.6%	-32.4%	-	-	3.8%	-14.4%
D/E	0.0	0.1	1.8	-	-	1.9	0.9
Net D/E	-0.0	0.0	1.6	-	-	1.7	0.8

Returns

	EFOI	SN	IRBT	ALH	XWIN	WHR	Median
Name	Energy F.	SharkNin.	iRobot	Alliance.	XMax	Whirlpool
1M Rtn	-25.5%	26.0%	17.3%	-16.2%	-	15.4%	15.4%
3M Rtn	-19.3%	-8.9%	6.3%	-	-	-8.5%	-8.7%
6M Rtn	-2.9%	22.2%	1.6%	-	-	1.2%	1.4%
12M Rtn	40.1%	8.7%	-57.9%	-	-	-22.2%	-6.8%
3Y Rtn	-22.4%	-	-93.6%	-	-	-33.5%	-33.5%
1M Excs Rtn	-25.4%	26.0%	17.3%	-16.2%	-	15.5%	15.5%
3M Excs Rtn	-23.7%	-16.7%	2.6%	-	-	-16.4%	-16.5%
6M Excs Rtn	-17.6%	7.5%	-13.1%	-	-	-13.5%	-13.3%
12M Excs Rtn	24.0%	-6.7%	-69.0%	-	-	-36.4%	-21.6%
3Y Excs Rtn	-89.0%	-	-166.3%	-	-	-105.3%	-105.3%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	6/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	8/12/2025	3/25/2025	3/22/2024	3/23/2023	3/17/2022	3/25/2021	3/24/2020
Key Financials
Total Revenue	4	5	6	6	10	17	13
EBITDA	-1	-2	-4	-9	-7	-5	-7
Operating Income	-1	-2	-4	-9	-9	-4	-7
Net Income	-1	-2	-4	-10	-8	-6	-7
EPS	-0.21	-0.32	-1.32	-8.88	-12.11	-12.81	-20.93
Growth Rates
Total Revenue Growth	-30.8%	-15.0%	-4.2%	-39.5%	-41.4%	32.5%	-29.8%
EBITDA Growth	57.8%	60.3%	57.7%	-32.6%	-29.8%	20.8%	21.6%
Operating Income Growth	58.3%	53.6%	55.7%	-2.6%	-111.3%	38.9%	24.7%
Net Income Growth	59.9%	63.1%	58.2%	-30.3%	-31.9%	18.9%	19.1%
Margins
EBITDA Margin	-25.3%	-31.6%	-67.8%	-153.5%	-70.0%	-31.6%	-52.9%
Operating Income Margin	-27.8%	-37.9%	-69.5%	-150.1%	-88.5%	-24.5%	-53.2%
Net Income Margin	-26.2%	-32.6%	-75.1%	-172.2%	-79.9%	-35.5%	-58.0%
Cash & Debt
Total Cash	0	1	2	1	3	3	0
Total Debt	0	0	2	6	4	4	5
Net Debt / (Cash)	-0	-0	0	5	1	2	5
Cash Flows
Net Cash from Operations	-1	-1	-2	-7	-10	-2	-7
Free Cash from Operations	-1	-1	-3	-7	-10	-3	-7
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	8/12/2025	5/13/2025	3/25/2025	11/12/2024	8/13/2024	5/13/2024	3/22/2024	11/9/2023	8/10/2023	5/11/2023	3/23/2023	11/10/2022
Key Financials Quarterly
Total Revenue	1	1	1	1	2	1	2	1	1	1	1	2
Ebitda	-0	-0	-0	-0	-1	-0	-1	-1	-1	-1	-2	-2
Operating Income	-0	-0	-0	-0	-1	-1	-1	-1	-1	-1	-2	-2
Net Income	-0	-0	-0	-0	-1	-0	-1	-1	-1	-1	-2	-3
EPS	-0.04	-0.05	-0.06	-0.06	-0.12	-0.09	-0.12	-0.27	-0.42	-0.58	-1.68	-2.03
Key Financials TTM
Total Revenue TTM	4	5	5	6	6	6	6	4	4	5	6	8
Ebitda TTM	-1	-1	-2	-2	-3	-3	-4	-5	-7	-8	-9	-9
Operating Income TTM	-1	-2	-2	-2	-3	-3	-4	-5	-6	-8	-9	-10
Net Income TTM	-1	-1	-2	-2	-3	-3	-4	-6	-7	-9	-10	-11
Growth Rates Quarterly
Total Revenue Growth	-26.4%	-26.1%	-46.6%	-10.7%	47.2%	-10.4%	260.9%	-24.1%	-28.7%	-54.9%	-72.4%	-35.8%
EBITDA Growth	59.3%	36.0%	58.6%	66.0%	50.2%	66.3%	65.9%	62.2%	50.1%	53.6%	13.6%	-159.2%
Operating Income Growth	59.8%	55.3%	62.4%	55.9%	49.4%	50.2%	56.6%	61.3%	50.2%	54.7%	25.2%	-28.9%
Net Income Growth	58.3%	35.9%	65.4%	66.5%	52.5%	68.6%	63.2%	64.5%	53.1%	52.7%	12.2%	-133.5%
Margins Quarterly
EBITDA Margin	-19.3%	-42.0%	-22.1%	-25.7%	-35.0%	-48.6%	-28.5%	-67.4%	-103.3%	-129.2%	-301.8%	-135.2%
Operating Income Margin	-19.6%	-43.5%	-22.5%	-33.3%	-35.9%	-71.9%	-32.0%	-67.4%	-104.3%	-129.4%	-265.8%	-132.1%
Net Income Margin	-20.2%	-43.5%	-23.0%	-26.4%	-35.7%	-50.2%	-35.5%	-70.5%	-110.6%	-143.3%	-348.4%	-150.9%
Cash & Debt
Total Cash	0	0	1	1	1	1	2	2	2	1	1	1
Total Debt	0	0	0	0	1	1	2	2	3	3	6	6
Net Debt / (Cash)	-0	-0	-0	-0	-0	-0	0	-0	1	2	5	5
Cash Flows Quarterly
FCF from Operations	-0	-0	-0	-0	-1	-0	-0	-1	-0	-1	-0	-1
Cash Flows TTM
FCF from Operations TTM	-1	-2	-1	-1	-2	-1	-2	-3	-3	-5	-7	-8
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-0.6%	-0.7%	-0.7%	-1.0%	-1.4%	-1.5%	-2.0%	-2.3%	-2.8%	-3.1%	-4.6%	-6.1%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-0.7%	-1.0%	-1.2%	-1.5%	-1.8%	-2.1%	-2.5%	-3.2%	-4.1%	-4.8%	-5.8%	-6.2%

Price Behavior

Price Behavior

Market Price	$2.05
Market Cap ($ Bil)	0.0
First Trading Date	12/29/2006
Distance from 52W High	-35.1%
	50 Days	200 Days
DMA Price	$2.61	$2.24
DMA Trend	up	down
Distance from DMA	-21.4%	-8.3%
	3M	1YR
Volatility	78.6%	140.5%
Downside Capture	125.68	106.21
Upside Capture	-9.06	125.68
Correlation (SPY)	10.5%	9.4%

EFOI Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.96	0.29	0.60	0.64	0.64	0.62
Up Beta	3.47	2.41	2.03	1.58	-0.12	0.03
Down Beta	0.84	0.63	0.14	0.53	0.79	0.86
Up Capture	-87%	-88%	0%	40%	152%	40%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	8	18	26	53	103	336
Down Capture	105%	-0%	63%	15%	96%	96%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	10	21	32	65	131	373

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of EFOI With Other Asset Classes (Last 1Y)
	EFOI	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	41.4%	9.3%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	139.9%	24.8%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	0.72	0.31	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		8.1%	9.3%	9.5%	7.9%	11.0%	4.2%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of EFOI With Other Asset Classes (Last 5Y)
	EFOI	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-42.8%	9.5%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	122.5%	23.8%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	0.04	0.36	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		10.7%	10.1%	6.1%	7.3%	9.7%	5.3%

Based On 10-Year Data

		Comparison of EFOI With Other Asset Classes (Last 10Y)
	EFOI	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-42.9%	12.6%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	109.8%	22.0%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	-0.03	0.53	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		13.7%	14.2%	4.0%	10.6%	12.4%	2.4%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	351
Short Interest: % Change Since 10312025	-45.6%
Average Daily Volume	7,156
Days-to-Cover Short Interest	1
Basic Shares Quantity	5,379,000
Short % of Basic Shares	0.0%

Returns Analyses

	Title
0	Is Energy Focus Stock Built to Withstand More Downside?

SEC Filings

Expand for More

Report Date	Filing Date	Filing
6302025	8122025	10-Q 6/30/2025
3312025	5132025	10-Q 3/31/2025
12312024	3252025	10-K 12/31/2024
9302024	11122024	10-Q 9/30/2024
6302024	8132024	10-Q 6/30/2024
3312024	5132024	10-Q 3/31/2024
12312023	3222024	10-K 12/31/2023
9302023	11092023	10-Q 9/30/2023
6302023	8102023	10-Q 6/30/2023
3312023	5112023	10-Q 3/31/2023
12312022	3232023	10-K 12/31/2022
9302022	11102022	10-Q 9/30/2022
6302022	8112022	10-Q 6/30/2022
3312022	5122022	10-Q 3/31/2022
12312021	3172022	10-K 12/31/2021
9302021	11122021	10-Q 9/30/2021

Insider Activity

Expand for More

	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Huang Chiao Chieh	Chief Executive Officer	8192025	Buy	1.89	264,550	500,000	2,190,907	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Energy Focus (EFOI)

Market Price (12/4/2025): $2.1 | Market Cap: $11.3 MilSector: Consumer Discretionary | Industry: Household Appliances

Energy Focus (EFOI)

Market Price (12/4/2025): $2.1Market Cap: $11.3 MilSector: Consumer DiscretionaryIndustry: Household Appliances

Valuation, Metrics & Events

EFOI Stock

Why The Stock Moved

Qualitative Assessment

Key Factors for Energy Focus (EFOI) Stock Movement from 8/31/2025 to 12/4/2025

Key Factors for Energy Focus (EFOI) Stock Movement from 8/31/2025 to 12/4/2025

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Energy Focus (EFOI)

Addressable Markets for Energy Focus (EFOI) Products

LED Lighting Solutions

UV-C Light Disinfection Products

Human-Centric Lighting (HCL) / Circadian Lighting

Interactive Breakdown

Better Bets than Energy Focus (EFOI)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

1 Month Top Gainers

1 Month Top Losers

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Energy Focus

Financials

Growth & Margins

Valuation

Returns

Comparison Analyses

FDIC Bank Data

Bank Capital

Bank Deposits

Bank Assets

Bank Loans

Financials

Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Insider Activity

Industry Resources

External Quote Links

Market Price (12/4/2025): $2.1 | Market Cap: $11.3 Mil
Sector: Consumer Discretionary | Industry: Household Appliances

Market Price (12/4/2025): $2.1
Market Cap: $11.3 Mil
Sector: Consumer Discretionary
Industry: Household Appliances