With all the governmental contracts and moving toward more commercial units Energy Focus has the patients and now how to handle the forward looking momentum
Gross margins 19% of the top line?? This is the exact reason these managers will never make any money. Too much overhead, cost of goods sold too high and very top heavy in the VIP's. This company is such a disappointment at two levels, one, quarter after quarter they lose money. Two, They seem to live in such a next quarter will be better world. De-listing is a big deal for investors, not so to management. With all the Officers none see the financial documents as a road map to their problems and success. No company can have a gross profit far less than the overhead cost quarter after quarter. This report gross profit went to just over 19% from last quarter of 18%. Overhead went down 25% quarter over quarter and they still had huge losses. They have no clue.