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.

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This Might Be As Good As It Gets For Orion Energy Systems

Orion Energy Systems, Inc. (OESX) CEO Michael Altschaefl on Q2 2020 Results - Earnings Call Transcript

MANITOWOC, Wis., Oct.  25, 2019  (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ:  OESX ) ( Orion Lighting ), a provider of turnkey enterprise-grade LED lighting solutions, controls and integrated IoT capabilities, today announced that it will host a conference call to review its fiscal 2020 second quarter results and business trends on Wednesday, November 6, 2019, at 10:00 a.m. Eastern Time. Orion CEO, Mike Altschaefl, and CFO, Bill Hull, will host the investor call. Orion plans to release its results premarket the same day.

Turnkey Enterprise LED Lighting and Controls Provider Orion Hosts Q2'20 Call on Wednesday, November 6th at 10:00 am ET

MANITOWOC, Wis., Sept.  17, 2019  (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) ( Orion Lighting ), a provider of enterprise-grade LED lighting and energy project solutions, today announced the appointment of three senior sales executives, each with extensive industry relationships and experience managing Fortune 500 customer relationships. Together, Leonard Costello, Joni Mayo and Alexander Theetge bring many decades of sales leadership to substantially extend the reach and capabilities of the Orion national account team. 

LED Lighting Solutions Provider Orion Energy Systems Adds Three Senior Sales Executives to Support National Account Sales and Overall Growth

Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a leading provider of enterprise-grade LED lighting solutions and energy project management, will present and participate in one-on-one meetings at Singular Research’s Midwestern Values Conference, Thursday, September 19th at the W Hotel in Chicago. Orion will be represented by CFO, Bill Hull. Orion’s presentation will be accessible online starting at 12:40 pm CDT.

Turnkey LED Lighting Systems Provider Orion Energy Presents at The Singular Research Midwestern Values Conference in Chicago, Thursday, Sept. 19th

MANITOWOC, Wis., Sept.  12, 2019  (GLOBE NEWSWIRE) -- Orion Energy Systems (NASDAQ: OESX) ( Orion Lighting ), a provider of enterprise-grade LED lighting and energy project solutions, and sales agent  BC Energy Solutions , were selected to upgrade a major privately owned national food distribution company facility with Orion’s IoT enabled LED lighting solutions.

National Food Distribution Service Company Anticipates Nearly $600,000 in Annual Energy Savings from Orion LED IoT enabled Lighting System Installation Led by BC Energy

MANITOWOC, Wis., Aug.  27, 2019  (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) ( Orion Lighting ), a provider of enterprise-grade LED lighting and energy project solutions, today announced its latest new product launch. Innovative new products include the company’s first field adjustable high bay, the Harris LED Lumen Select; the ISON™ Linear Retrofit Kit, available in two distinct designs; end mounted network controls ideal for high bay, low bay and aisle applications; and many other product introductions and expansions as detailed below.

Orion Energy Systems Launches New Industrial LED Lighting Fixtures and Product Line Expansions, Including its Innovative Field Adjustable Lumen Select High Bay, ISON™ Linear Retrofit Kits, and Harris Troffer Retrofits

The company enjoyed a blow-out quarter based on a big national retrofit contract.

Blow-Out Quarter At Orion Energy Systems

Orion Energy Systems, Inc. (OESX) CEO Mike Altschaefl on Q1 2020 Results - Earnings Call Transcript

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The company seems to have hit on a large customer propelling it forward from stagnant loss-making outfit to a fast-growing one that's already near break-even.

It's Lights On For Orion Energy Systems

Orion Energy Systems, Inc. (OESX) CEO Mike Altschaefl on Q4 2019 Results - Earnings Call Transcript

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