(RTTNews) - LED products company Energy Focus, Inc. (EFOI) Thursday said its loss for the full year narrowed from a year earlier, aided by an increase in revenues.
The company also came out with its sales outlook for the first quarter of 2011.
For the year, net loss narrowed to $8.5 million or $0.37 per share, compared to net loss of $11 million or $0.70 per share last year.
Sales for the year increased to $35 million from $12.5 million. In the fourth quarter alone, sales climbed to $8.8 million from $3.6 million.
Looking ahead to the first quarter of 2011, the company expect sales to exceed $5 million.
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