Orion Energy Systems

Orion Energy Systems, Inc. engages in the design, development, and trade of lighting systems, and retrofit lighting solutions. It operates through the following segments: Orion Services Group Division (OSG), Orion Distribution Services Division (ODS), Orion U.S. Markets Division (USM), and Corporate and Other. The OSG segment develops and sells lighting products and provides construction and engineering services for commercial lighting and energy management systems and provides retailers, distributors and other businesses with maintenance, repair and replacement services for the lighting and related electrical components deployed in their facilities. The ODS segment focuses on selling lighting products through manufacturer representative agencies and a network of North American broadline and electrical distributors and contractors. The USM segment consists of commercial lighting systems and energy management systems for the wholesale contractor markets. The Corporate and Other segment includes operating expenses. The company was founded in April 1996 and is headquartered in Manitowoc, WI.

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Orion Energy Systems reports fiscal 2023 challenges but anticipates growth

Orion Energy Systems reported a decline in revenue and a net loss for fiscal 2023, primarily due to decreased activity with the largest customer and project delays. However, the company is optimistic about fiscal 2024, with revenue guidance of approximately $100 million and expectations for double-digit growth across all business segments, driven by maintenance services and EV charging solutions.

Orion Energy Systems anticipates over 30% revenue growth in fiscal 2024

Orion Energy Systems' Q1 2024 performance reflects a mix of challenges and opportunities. While facing a net loss and slightly lower revenue, the company is strategically positioned for growth with its expansion into maintenance services and the EV charging market. The outlook for fiscal 2023 remains positive, with a strong pipeline and plans for organizational expansion.

Orion Energy Systems anticipates growth despite Q3 challenges and losses

Orion Energy Systems navigated challenges in Q3 but is optimistic about growth prospects in Q4 and fiscal 2024.
The company's focus on expanding product offerings, energy-saving solutions, and EV charging infrastructure positions it well for future success.
Despite financial setbacks in Q3, Orion Energy Systems is strategically aligning itself to capitalize on emerging opportunities.
With a strong leadership team and a customer-centric approach, the company is poised for sustainable growth and market expansion.

Orion Energy Systems posts record revenue, eyes EV market growth

Orion Energy Systems delivered strong Q4 results, with revenue meeting guidance and a strategic focus on growth areas.
While facing short-term financial challenges, the company's expansion into EV charging and maintenance services presents promising opportunities.
With a clear roadmap for revenue growth in fiscal '24 and proactive financial management strategies, Orion is poised for continued success.
Investments in talent and market expansion underscore a commitment to driving innovation and capturing market opportunities effectively.

Orion Energy Systems eyes $100M revenue, faces Q1 challenges

Orion Energy Systems' Q1 '24 performance showed a mix of challenges and strengths, with a focus on future growth opportunities.
Management's confidence in revenue growth for fiscal '24 and the company's diversified offerings position it well for expansion.
Analysts' questions highlighted areas of concern, such as operating expenses and the performance of new business segments.

Orion Energy Systems reports robust Q2 growth and eyes EV opportunities

Orion Energy Systems delivered strong revenue growth in Q2 2024, driven by new product launches and project expectations.
While facing challenges with increased expenses and net losses, the company remains focused on achieving profitability.
Opportunities in the EV market, maintenance segments, and engagement initiatives position Orion for future growth.
Investors can expect continued revenue guidance of $100 million for fiscal '24 and a focus on profitability in all contracts.

Orion Energy Systems reports robust Q3 growth and eyes fiscal '25 expansion

Orion Energy Systems delivered strong revenue growth and improved gross margins in Q3 '24, positioning for continued growth in fiscal '25.
Challenges include pricing negotiations in an inflationary environment and the need to balance growth with profitability.
Opportunities lie in ongoing projects, new product offerings, and leveraging customer relationships for sustainable growth.
Overall, Orion's strategic focus on quality solutions and prudent business decisions sets the stage for future success.

Orion Energy Systems reports robust Q4 revenue growth and outlook

Orion Energy Systems delivered strong Q4 results, with revenue growth across key segments. While facing challenges in maintenance services revenue contraction, the company is optimistic about growth opportunities in LED lighting and EV Charging Solutions. Improvements in gross margins and strategic progress position Orion well for fiscal '25.

Orion Energy Systems reports strong Q1 revenue growth and targets profitability

Orion Energy Systems delivered a strong performance in Q1 '25, driven by revenue growth in EV charging and LED lighting segments, despite challenges in Maintenance Services.
The company's focus on operational efficiency, revenue diversification, and strategic partnerships positions it well for achieving its fiscal '25 revenue targets and positive adjusted EBITDA.
While facing short-term revenue challenges and market uncertainties, Orion remains optimistic about growth opportunities in EV charging, LED lighting, and operational improvements.
Management's confidence in the company's strategic direction, coupled with a robust pipeline of opportunities and market potential, underlines Orion's resilience and growth prospects.

Orion Energy Systems reports Q2 growth, eyes LED recovery

Orion Energy Systems showed resilience in Q2 '25 with revenue growth and improved profitability metrics despite challenges in the LED lighting segment.
Securing major contracts and extending credit facilities demonstrate financial strength and market confidence in the company's future prospects.
Anticipated recovery in the LED lighting business and growth opportunities in EV charging stations position Orion Energy Systems for a stronger second half of fiscal '25.

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Orion Energy Systems, Inc. engages in the provision of light emitting diode lighting systems, wireless Internet of Things enabled control, commercial and industrial electric vehicle charging infrastructure solutions, and lighting and electrical maintenance services. It operates through the following segments: Lighting, Maintenance, Electric Vehicle Charging (EV), and Corporate and Other. The Lighting segment is involved in the development and sale of lighting products and provides construction and engineering services for commercial lighting and energy management systems. The Maintenance segment focuses on retailers, distributors, and other businesses with maintenance, repair, and replacement services for lighting and related electrical components. The EV segment offers electric vehicle charging expertise and provides EV turnkey installation solutions with ongoing support to all commercial verticals. The Corporate and Other segment includes operating expenses. The company was founded in April 1996 and is headquartered in Manitowoc, WI.

OESX is a manufacturer of LED systems and engineer of lighting solutions for B2B customers. The company's revenues and profits soared between 2019 and 2021 because of a big contract. Before that revenues had fell for almost 5 years.

Orion Energy Systems Needs To Improve Its SG&A Expenses

MANITOWOC, Wis., Aug. 25, 2022 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting and control systems and electrical maintenance services, will participate at H.C. Wainwright's 24th Annual Global Investment Hybrid Conference on Monday and Tuesday, September 12th and 13th. Orion's CEO Mike Altschaefl, COO Mike Jenkins and CFO Per Brodin will be available for virtual investor meetings both Monday and Tuesday. The Company's investor presentation will be available online throughout the conference, starting at 7:00 a.m. ET Monday, September 12th.

LED Lighting and Electric Maintenance Services Provider Orion to Participate at H.C. Wainwright Investment Conference Sept.

MANITOWOC, Wis., Aug. 09, 2022 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (Nasdaq: OESX) ( Orion Lighting ), a provider of energy-efficient LED lighting and control systems, including turnkey project implementation, program management and system maintenance, today announced it has secured contracts totaling $4.2M to retrofit two manufacturing facilities for a major automotive manufacturer. Orion expects to complete the retrofit projects during its fiscal 2023 third and fourth quarters.

Orion Energy Systems Secures $4.2M in LED Lighting Retrofit Projects for Major Automotive Manufacturer

Orion Energy Systems, Inc. (NASDAQ:OESX ) Q1 2023 Earnings Conference Call August 3, 2022 10:00 AM ET Company Participants Bill Jones - Investor Relations Mike Altschaefl - Chief Executive Officer and Board Chair Mike Jenkins - Chief Operating Officer Per Brodin - Chief Financial Officer Conference Call Participants Eric Stine - Craig-Hallum Amit Dayal - H.C. Wainwright Alex Rygiel - B.

Orion Energy Systems, Inc. (OESX) CEO Mike Altschaefl on Q1 2023 Results - Earnings Call Transcript

MANITOWOC, Wis., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) ( Orion Lighting ), a provider of energy-efficient LED lighting and control systems and electrical maintenance services, today reported results for its fiscal 2023 first quarter ended June 30, 2022 (Q1'23). Orion also announced separately today its CEO Transition Plan. Orion will hold an investor call and webcast to review these announcements today at 10:00 a.m. ET – online pre-registration is required to receive the call-in number, details below.

Orion Energy Systems Reports Q1 Revenue of $17.9M, Reflecting Customer Delays on Large LED Lighting Projects

MANITOWOC, Wis., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (Nasdaq: OESX) ( Orion Lighting ), a provider of energy-efficient LED lighting and control systems, including turnkey project implementation, program management and system maintenance, today announced that Michael H. Jenkins, the Company's Executive Vice President and Chief Operating Officer, will assume the role of Chief Executive Officer following the retirement of Mike Altschaefl, Orion's Board Chair and CEO, effective November 10, 2022. Mr. Jenkins will also join Orion's Board, effective November 10th, to serve an initial term through the Company's 2023 annual meeting.

Orion Energy Systems Announces CEO Transition Plan - Mike Altschaefl to Retire as CEO on November 10, 2022; EVP and COO Mike Jenkins Named as New CEO

- NOTE: Online Pre-Registration is Required to Receive Call Dial-In Number and PIN - - NOTE: Online Pre-Registration is Required to Receive Call Dial-In Number and PIN -

LED Lighting and Energy Project Solutions Provider Orion Hosts Q1 Investor Webcast and Call, Wednesday, Aug. 3rd at 10am ET

LAS VEGAS and MANITOWAC, Wis., June 22, 2022 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (Nasdaq: OESX) and SnapCount today announced a partnership to feature Orion's line of high performance, energy efficient LED lighting solutions within the SnapSource® Product Hub. Accurate, up-to-date product specification data from Orion's vast line of LED lighting fixtures and controls will now be accessible by hundreds of lighting contractors and Energy Service Companies (ESCOs) that regularly use the SnapCount retrofit software platform in their project quotation process.

Orion Energy Systems and SnapCount Announce Integration of Orion Led Lighting Products Into SnapSource Product Hub at LIGHTFAIR® 2022 Las Vegas

LAS VEGAS and MANITOWOC, Wis., June 21, 2022 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) ( Orion Lighting ), a provider of energy-efficient LED lighting and control systems, including turnkey project implementation, program management and system maintenance, announced it will be exhibiting its energy-efficient LED lighting products at the LIGHTFAIR® 2022 International trade show and conference (booth #3301) at the Las Vegas Convention Center - West Hall from Tuesday, June 21st through Thursday, June 23rd. Orion will host an informal investor booth tour with management Q&A on Tuesday, June 21st from 3:30 to 4:30 pm PT. Investors should confirm their attendance in advance by contacting Orion's Investor Relations team (contact information below).

Orion Energy Systems Demonstrates Industry-Leading Energy Efficient LED Light Fixtures and Controls at LIGHTFAIR® 2022 Las Vegas (Booth #3301); Management Hosts Investor Booth Tour Tuesday, June 21st at 3:30pm PT

MANITOWOC, Wis., June 14, 2022 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) ( Orion Lighting ), a provider of energy-efficient LED lighting and control systems, including turnkey project implementation, program management and system maintenance, announced it has released the company's first annual Environmental, Social and Governance (ESG) report, highlighting progress in its FY 2022 year ended March 31, 2022. The report is now available on Orion's website.

Orion Energy Systems Releases Inaugural Environmental, Social and Governance (ESG) Report for its Fiscal Year 2022

Orion Energy Systems, Inc. (NASDAQ:OESX ) Q4 2022 Earnings Conference Call June 7, 2022 10:00 AM ET Company Participants Bill Jones - Investor Relations Mike Altschaefl - Chief Executive Officer Per Brodin - Chief Financial Officer Mike Jenkins - Chief Operating Officer Conference Call Participants Eric Stine - Craig Hallum Alex Rygiel - B. Riley Amit Dayal - H.C.

Orion Energy Systems Inc.'s (OESX) CEO Mike Altschaefl on Q4 2022 Results - Earnings Call Transcript

Orion Energy Systems, Inc. (OESX) delivered earnings and revenue surprises of -500% and 20.96%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Orion Energy Systems, Inc. (OESX) Reports Q4 Loss, Misses Revenue Estimates

MANITOWOC, Wis., June 07, 2022 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) ( Orion Lighting ), a provider of energy-efficient LED lighting and control systems, including turnkey project implementation, program management and system maintenance, today reported results for its fiscal 2022 fourth quarter (Q4'22) and full year (FY 2022) ended March 31, 2022. Orion will hold an investor call today at 10:00 a.m. ET – details below.

Orion Energy Systems Reports FY 2022 Revenue of $124.4M, EPS of $0.19, Gross Profit Percentage of 27.3% and over $35M of Liquidity

MANITOWOC, Wis., May 31, 2022 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), provider of energy-efficient LED lighting, controls and IoT systems, including turnkey project implementation, program management and maintenance services, will host a conference call and webcast to review its fiscal fourth quarter and full fiscal year 2022 results on Tuesday, June 7, 2022, at 10:00 a.m. ET / 9:00 a.m. CT. Orion will release results prior to the market open that morning.

LED Lighting and Energy Efficient Project Solutions Provider Orion Hosts Q4 Investor Call Tues. June 7th at 10am ET

MANITOWOC, Wis., May 23, 2022 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) ( Orion Lighting ), a provider of energy-efficient LED lighting, controls and IoT systems, including turnkey project implementation, program management and system maintenance, today announced preliminary unaudited results for its fiscal year ended March 31, 2022 (FY 2022). Orion plans to report full FY 2022 results on Tuesday, June 7th and host an investor call at 10:00 a.m. ET; details of the call will be announced separately. In addition, Orion will attend in person the H.C. Wainwright Global Investment Conference in Miami Beach, FL May 24th and 25th and the LD Micro Invitational in Westlake Village, CA on June 7th and 8th.

Orion Energy Systems Announces Preliminary Unaudited FY 2022 Results

MANITOWOC, Wis., Feb. 22, 2022 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, control and IoT systems, including turnkey project implementation, program management and system maintenance, today announced that the Compensation Committee of its Board of Directors, after careful consideration, has determined to make certain investor-friendly changes to some of its executive compensation plans.

Orion Energy Systems to Make Investor-Friendly Changes to Certain Executive Compensation Plans

Orion Energy Systems Inc. (OESX) CEO Mike Altschaefl on Q3 2022 Results - Earnings Call Transcript

Orion Energy Systems, Inc. (OESX) delivered earnings and revenue surprises of -20% and 0.75%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Orion Energy Systems, Inc. (OESX) Misses Q3 Earnings Estimates

MANITOWOC, Wis., Feb. 09, 2022 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) ( Orion Lighting ), a provider of energy-efficient LED lighting, controls and IoT systems, including turnkey project implementation, program management and system maintenance, today reported results for its fiscal 2022 third quarter (Q3'22) and nine months (9M'22) ended December 31, 2021. Orion will hold an investor call today at 10:00 a.m. ET – details below.

Orion Energy Systems Reports FY 2022 Nine Months Revenue of $102.3M, EPS of $0.23, a 28% Gross Profit Percentage and $41M of Liquidity

MANITOWOC, Wis., Feb. 01, 2022 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, controls and IoT systems, including turnkey project implementation, program management and system maintenance, will host a conference call and webcast to review its fiscal 2022 third quarter results on Wednesday, February 9, 2022, at 10:00 a.m. ET / 9:00 a.m. CT. Orion plans to release its results prior to the market open that morning.

LED Lighting, Energy Systems and Project Solutions Provider Orion Hosts Q3 Investor Call Wed. Feb. 9th at 10am ET

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Orion Energy Systems' (OESX) third-quarter and fiscal 2022 revenues are likely to be hurt by customer delays of several larger LED lighting and controls projects.

Orion (OESX) Pulls FY'22 Revenue View on Supply Chain Issues

MANITOWOC, Wis., Jan. 18, 2022 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) ( Orion Lighting ), a provider of energy-efficient LED lighting, controls and IoT systems, including turnkey project implementation, program management and system maintenance, announced today that it preliminarily expects revenue of approximately $30.5M for its FY 2022 third quarter ended December 31, 2021. Due to customer delays on several larger LED lighting and controls projects, primarily caused by the response of customers to supply chain disruptions and COVID-19 related impacts to their businesses, Orion now anticipates FY 2022 revenue of approximately $130M, as compared to its prior expectation of at least $150M. Orion's updated FY 2022 revenue outlook represents growth of approximately 11% over FY 2021 revenue of $116.8M. Orion will hold an investor call today at 5:00 p.m. ET to discuss its updated outlook:

Orion Energy Systems Preliminarily Expects Q3'22 Revenue of Approximately $30.5M, Reduces FY 2022 Revenue Outlook to $130M and Holds Investor Call Today at 5:00pm ET

Orion Energy Systems, Inc. (NASDAQ: OESX) has acquired Stay-Lite Lighting, a nationwide lighting, and electrical maintenance service provider, for a cash purchase price of $3.7 million, subject to closing adjustments. In addition, based on the relative gross profit growth of Stay-Lite Lighting's legacy business over the next two calendar years, Orion could pay up to an additional $0.70 million in earn-out.

Orion Energy Systems Acquires Stay-Lite Lighting For ~$3.7M

Addition of business to accelerate the growth of Orion Maintenance Services Addition of business to accelerate the growth of Orion Maintenance Services

News for Orion Energy Systems Stock (OESX)