Energy Focus, Inc. (NASDAQ:EFOI) Q2 2019 Earnings Conference Call - Final Transcript

Sep 13, 2019 • 11:00 am ET


Energy Focus, Inc. (NASDAQ:EFOI) Q2 2019 Earnings Conference Call - Final Transcript


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Greetings and welcome to the Energy Focus Second Quarter 2019 Conference Call. [Operator Instructions]

It is now my pleasure to introduce your host, Tod Nestor, President and Chief Financial Officer. Thank you, sir. You may begin.

Tod Nestor

Thank you. Good morning, everyone. Joining me today for our prepared remarks is James Tu, Chairman and Chief Executive Officer at Energy Focus.

Before we begin today's call, I need to remind you that we will make certain forward-looking statements. These statements are based upon information that represents the Company's current expectations or beliefs. The results actually realized may differ materially. For a discussion of the risks that could affect our results, please refer to the discussion under the heading Risk Factors in our most recent Form 10-K filed with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Also, please note that during this call and in any accompanying press releases certain financial metrics are presented on both a GAAP and a non-GAAP adjusted basis. Reconciliations of adjusted results to the GAAP results are available in the tables attached to the earnings release, which is posted on our corporate website at in the Investor Relations section.

And now, I'd like to turn the call over to James.

James Tu

Thanks, Tod. Good morning, everyone, and thank you for your participation in our second quarter 2019 earnings call. This is the first earnings call Energy Focus started its relaunch back in April this year when I rejoined the Company. And we are excited to share with you what we have been doing on the relaunch and why. While the transformation we're undertaking will take some time to complete and is a work-in-progress, we believe we are on the path to be a leading LED lighting company when it comes to quantity, innovation and brand trust.

I understand that for those investors that have been with Energy Focus over the years and still stick with us, it's been quite a roller coaster and a disappointing experience over the past few years. I'd like to thank you for your continuing support and patience with the Company. I would not have come back to the Company and invested my own money and in arguably the darkest moment of that Company's history if I don't believe it's future.

So I'm 100% aligned with you for the Company's not only comeback from almost failing, but also return to the point where you once again can make significant and positive financial, environmental and human impacts as we have always set out to do when I first joined the Company as Chairman and CEO in 2013. But those who are new to the Company's story, we don't promise an easy way out from here, but we surely will put forth out best efforts to be an exciting and different kind of LED lighting company that could reward not only shareholders but