Risk factors

Energy Focus (EFOI) risk factors

Item 1A of every Energy Focus, Inc. 10-K on file, and what changed from one year to the next.

  • FY2025 10-K risk factors

    39 risks, 5 new, 3 dropped, 5 reworded since the prior year. Going concern doubts and tight liquidity continue to threaten operations despite reduced net losses of $1.0 million in 2025., Heavy supply chain reliance on related-party Sander Electronics increased to 71% of accounts payable., Global tariffs and foreign currency exposures in Taiwan and Japan introduced new operational friction.

    Filed Mar 24, 2026
  • FY2024 10-K risk factors

    37 risks. Energy Focus relies heavily on supplier Sander Electronics, faces going concern doubts, and has a history of Nasdaq compliance issues.

    Filed Mar 25, 2025