<span item_type="fundamental" item_id="48abddcc04021dc5ea7e81a958f3e2bc" counter_id="ST/US/EFOI" env="prod"></span><span item_type="announcement" item_id="647541323146924289" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 949 K.</p><p>EPS: As of FY2026 Q1, the actual value is USD -0.02.</p><p>EBIT: As of FY2026 Q1, the actual value is USD -142 K.</p><p></p><h4>Net Sales</h4><p>Energy Focus, Inc.’s net sales for the first quarter of 2026 totaled $0.9 million, representing an increase of $0.3 million, or 54.1%, compared to $0.6 million in the first quarter of 2025. Sequentially, net sales decreased by 2.7% compared to $0.975 million in the fourth quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/924168/000162828026033897/ex991efoi1q26earningsrelea.htm"></span></p><ul><li><strong>Military Maritime Market (MMM) Products</strong>: Sales increased by $0.2 million, or 52.1%, year-over-year, reaching $628 thousand in Q1 2026 compared to $413 thousand in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/924168/000162828026033897/ex991efoi1q26earningsrelea.htm"></span></li><li><strong>Commercial Products</strong>: Sales increased by $0.1 million, or 56.7%, year-over-year, reaching $318 thousand in Q1 2026 compared to $203 thousand in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/924168/000162828026033897/ex991efoi1q26earningsrelea.htm"></span></li><li><strong>Setup Service</strong>: Sales were $3 thousand in Q1 2026, compared to $10 thousand in Q4 2025 and no sales in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/924168/000162828026033897/ex991efoi1q26earningsrelea.htm"></span></li></ul><h4>Gross Profit and Margin</h4><p>Gross profit for the first quarter of 2026 was $0.2 million, or 23.3% of net sales, a decrease from 31.5% in the first quarter of 2025 ($0.2 million gross profit). The year-over-year decline was mainly due to increased inventory reserves and tariff impacts. Sequentially, gross profit margin improved from 18.9% in the fourth quarter of 2025 ($184 thousand gross profit), primarily due to a decrease in inventory reserves and lower warranty costs.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/924168/000162828026033897/ex991efoi1q26earningsrelea.htm"></span></p><h4>Adjusted Gross Margin</h4><p>Adjusted gross margin was 31.0% for the first quarter of 2026, down from 33.8% in the first quarter of 2025, mainly due to lower variable margins such as tariff impacts. This is comparable to an adjusted gross margin of 29.9% in the fourth quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/924168/000162828026033897/ex991efoi1q26earningsrelea.htm"></span></p><h4>Loss from Operations</h4><p>Loss from operations for the first quarter of 2026 was - $0.1 million (- $141 thousand), an improvement compared to a loss of - $0.3 million (- $268 thousand) in the first quarter of 2025 and a loss of - $0.4 million (- $357 thousand) in the fourth quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/924168/000162828026033897/ex991efoi1q26earningsrelea.htm"></span></p><h4>Net Loss</h4><p>Net loss for the first quarter of 2026 was - $0.1 million (- $140 thousand), or - $0.02 per basic and diluted share. This compares to a net loss of - $0.3 million (- $268 thousand), or - $0.05 per basic and diluted share, in the first quarter of 2025, and a net loss of - $0.4 million (- $356 thousand), or - $0.06 per basic and diluted share, in the fourth quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/924168/000162828026033897/ex991efoi1q26earningsrelea.htm"></span></p><h4>Adjusted EBITDA</h4><p>Adjusted EBITDA was a loss of - $0.1 million (- $127 thousand) for the first quarter of 2026, an improvement compared to a loss of - $0.3 million (- $263 thousand) in the first quarter of 2025 and a loss of - $0.2 million (- $206 thousand) in the fourth quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/924168/000162828026033897/ex991efoi1q26earningsrelea.htm"></span></p><h4>Cash Flow</h4><p>Net cash provided by operating activities was $0.1 million ($69 thousand) for the three months ended March 31, 2026. This was primarily driven by a $0.9 million change in related party accounts payable and $0.1 million in cash from accounts receivable collections, partially offset by a - $0.8 million change in inventory. In contrast, net cash used in operating activities was - $862 thousand in Q4 2025 and - $272 thousand in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/924168/000162828026033897/ex991efoi1q26earningsrelea.htm"></span></p><h4>Cash Balance</h4><p>Cash as of March 31, 2026, was $1.1 million ($1,126 thousand), which was largely unchanged from $1.1 million ($1,064 thousand) as of December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/924168/000162828026033897/ex991efoi1q26earningsrelea.htm"></span></p><h4>Outlook / Guidance</h4><p>Energy Focus, Inc. plans to expand into energy infrastructure and related growth markets, exemplified by an investment in Japan for energy storage and power regulation. This project aims to be a springboard for further expansion across Japan and the broader Asia-Pacific region, focusing on Energy Storage Systems (ESS), AI data center Uninterruptible Power Supply (UPS) solutions, and microgrid developments. However, executing these plans depends on securing additional capital, navigating challenges, and maintaining stable demand, with no assurance of achieving anticipated results given current liquidity constraints and global economic conditions.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/924168/000162828026033897/ex991efoi1q26earningsrelea.htm"></span></p>

Energy Focus | 8-K: FY2026 Q1 Revenue: USD 949 K