SOLON, Ohio (AP) _ Energy Focus Inc. (EFOI) on Monday reported a loss of $3 million in its fourth quarter.
The Solon, Ohio-based company said it had a loss of 25 cents per share. Losses, adjusted for restructuring costs, came to 24 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.
The energy-efficient lighting systems designer posted revenue of $3.1 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $5.5 million.
In the final minutes of trading on Monday, the company's shares hit $1.15. A year ago, they were trading at $2.49.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EFOI at https://www.zacks.com/ap/EFOI