Energy Focus, Inc. Reaffirms Sales Guidance for the Third Quarter of 2020
August 13, 2020 at 04:30 pm EDT
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Energy Focus, Inc. reaffirmed sales guidance for the third quarter of 2020. The Company reaffirms its third quarter 2020 outlook for sales in the range of $6 million to $7 million, inclusive of the sales shift from the second quarter, representing year-over-year growth of 106% to 140% from the third quarter of 2019, and sequential growth of 80% to 110% compared with the second quarter of 2020.
Energy Focus, Inc. provides sustainable, energy-efficient lighting and controls systems products for the commercial, military maritime and consumer markets. The Company's commercial products include RedCap emergency battery backup tubular LEDs (TLEDs); EnFocus powerline lighting control platform including dimming (DM) and color tuning (DCT); light-emitting diode (LED) retrofit solutions for existing luminaires, including replacement TLEDs for linear fluorescent lamps, downlights, and retrofit kits for low-bay, high-bay and office applications; and Industrial grade LED Dock lights. Its military maritime market (MMM) LED lighting products include 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. The Company's primary target customers for its LED lighting and controls systems are enterprise end-users, as well as contractors or ESCOs.
ENERGY FOCUS, INC. 
