Brief: Energy Focus Reports Q1 Loss Per Share Of $0.24

Energy Focus

22/07/2019 21:13

July 22 (Reuters) - Energy Focus Inc  EFOI.O :
    * ENERGY FOCUS, INC. REPORTS FIRST QUARTER FISCAL YEAR 2019
FINANCIAL RESULTS
    * Q1 LOSS PER SHARE $0.24
    * Q1 SALES $3.2 MILLION VERSUS $4.7 MILLION
    * DURING Q1 OF 2019, WE TOOK ADDITIONAL ACTIONS TO REDUCE
OUR
OPERATING EXPENSES TO BE MORE COMMENSURATE WITH OUR SALES
VOLUMES
    * ENERGY FOCUS -ACTIONS TO REDUCE OPERATING EXPENSES
RESULTED IN
ADDITIONAL RESTRUCTURING CHARGES OF $0.1 MILLION FOR SEVERANCE,
RELATED BENEFITS CHARGES DURING QUARTER
    * ENERGY FOCUS -FOLLOWING EXECUTIVE TRANSITION THAT OCCURRED
ON
APRIL 1, EXPECT TO INCUR ADDITIONAL RESTRUCTURING CHARGES OF
ABOUT $0.1 MILLION DURING Q2 2019

Source text for Eikon:  ID:nGNXCmDG7 
Further company coverage:  EFOI.O 

 (Reuters.Briefs@thomsonreuters.com)