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.

MANITOWOC, Wis., July 23, 2021 (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 first quarter results on Wednesday, August 4, 2021, at 10:00 a.m. ET. Orion plans to release its results that morning, prior to the market open.

LED Lighting, Controls and Energy Project Solutions Provider Orion Hosts Q1 Investor Call Wed. Aug. 4th at 10am ET

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MANITOWOC, Wis., July 07, 2021 (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 that its ISON™ PureMotion™ UVC and its ISON PureMotion™ Light products each won four 2021 Spaces4Learning (S4L) New Product Awards. S4L is a leading publication for education institutions, the architectural community, service providers and others interested in creating high-quality educational facilities.

Orion's ISON PureMotion UVC and ISON PureMotion Light, Ceiling Air Movement Solutions, Win Educational Institution New Product Awards from Spaces4Learning Magazine

Orion Energy Systems, Inc. (OESX) CEO Michael Altschaefl on Q1 2021 Results - Earnings Call Transcript

Shares of Orion Energy Sys (NASDAQ:OESX) fell after the company reported Q4 results. Quarterly Results Earnings per share were up 300.00% year over year to $0.04, which missed the estimate of $0.10.

Orion Energy Sys: Q4 Earnings Insights

MANITOWOC, Wis., June 01, 2021 (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 2021 fourth quarter (Q4'21) and year ended March 31, 2021 (FY 2021). Orion will hold an investor call today at 4:30 p.m. ET – details below.

Orion Q4'21 Revenue Rose 37% to $35.5M on Strong LED Lighting Retrofit Activity; FY 2022 Revenue Expected to Rise at least 28% vs. FY 2021 Revenue of $116.8M; Investor Call Today at 4:30 pm ET

MANITOWOC, Wis., May 27, 2021 (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 participate at the 18th Annual Craig-Hallum Institutional Investor Virtual Conference on Wednesday, June 2nd and will present at the LD Micro Invitational XI virtual conference on Tuesday, June 8th at 12:30 p.m. ET.

Energy-Efficient LED Lighting and Controls Provider Orion Participates at Craig-Hallum Virtual Investor Conference June 2nd and Presents at LD Micro Invitational June 8th at 12:30 pm ET

MANITOWOC, Wis., May 21, 2021 (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/webcast to review its fiscal 2021 fourth quarter and year ended March 31 results, as well as its business outlook on Tuesday, June 1, 2021, at 4:30 p.m. ET. Orion plans to release its results following the market's close the same day.

LED Lighting, Controls & Energy Project Solutions and Systems Maintenance Provider Orion Hosts Q4 Investor Call Tue. June 1 at 4:30pm ET

RALEIGH, N.C. and MANITOWOC, Wis., May 05, 2021 (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 a $0.5 million strategic investment in ndustrial, a provider of software and services that seamlessly optimize industrial facilities across all stages of discrete and process manufacturing supply chains. Orion secured an equity stake in ndustrial through its participation in the Company's $6 million Series A financing, co-led by ENGIE New Ventures and Clean Energy Ventures.

LED Lighting & Controls Provider Orion Extends Customer Value Proposition via Strategic Investment in ndustrial, Provider of IoT Industrial Optimization Solutions

Orion Energy Systems (OESX) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front

Moving Average Crossover Alert: Orion Energy Systems (OESX)

The stock price of Orion Energy Systems, Inc. (NASDAQ: OESX) increased by over 3% pre-market. This is why it happened.

OESX Stock: Over 3% Increase Pre-Market Explanation

MANITOWOC, Wis., April 21, 2021 (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 and ongoing system maintenance and program management, today announced it has secured $16.4M in follow-on orders from two of its major retail customers.

LED Lighting, Controls Provider Orion Secures $16.4M in Follow-On National Account Orders, Underscoring Outlook for Approximately 30% Revenue Growth in FY 2022

Orion Energy Systems' LED lighting business is thriving. Commercial LED adoption still has a long ramp ahead of it.

Orion Energy Systems May Have Room To Run

MANITOWOC, Wis., March 09, 2021 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) ( Orion Lighting ) is a provider of energy-efficient LED lighting, controls and IoT systems, including turnkey project implementation, as well as ongoing system maintenance and program management. Orion announced today that it has received commitments to provide custom LED lighting fixtures for ten additional new facilities of an existing global online retail customer. The ten projects, with anticipated revenue of approximately $7.6 million, will begin in Orion's fiscal 2021 fourth quarter ending March 31, 2021 and are expected to be completed in Orion's fiscal 2022 ending March 31, 2022.

Global Online Retailer Expands Deployment of Orion Energy-Efficient Custom LED Lighting Fixtures at Ten New Facilities Across U.S. with Orders Totaling $7.6M

MANITOWOC, Wis., March 02, 2021 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) ( Orion Lighting ) is a provider of energy-efficient LED lighting, controls and IoT systems, including turnkey project implementation, as well as ongoing system maintenance and program management. Today, Orion announced that its CEO Mike Altschaefl and CFO Per Brodin will participate in the 33rd Annual Roth Conference which will be held in a virtual format Monday, March 15th through Wednesday, March 17th. Orion management will be available to host virtual investor meetings throughout the conference; contact your Roth Capital salesperson to schedule a meeting.

LED Lighting and Energy Project Solutions Provider Orion to Participate in Roth Conference March 15-17th

MANITOWOC, Wis., Feb. 24, 2021 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) ( Orion Lighting ), is a provider of energy-efficient LED lighting systems and turnkey project implementation, including installation and commissioning of fixtures, controls and IoT systems, as well as ongoing system maintenance and program management. Today, Orion announced the expansion of its senior management team with the appointment of industry veteran Tim Rooney to the newly created position of Executive Vice President of Sales. Tim will assume responsibility for all sales functions of the Company.

LED Lighting and Energy Project Solutions Provider Orion Expands Senior Management Team, Appointing Lighting Industry Veteran Tim Rooney to Lead National Sales Growth Effort

Orion Energy Systems, Inc. (OESX) CEO Michael Altschaefl on Q3 2021 Results - Earnings Call Transcript

MANITOWOC, Wis., Feb. 11, 2021 (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, as well as ongoing system maintenance and program management, today reported results for its FY 2021 third quarter ended December 31, 2020 (Q3'21). Orion will hold an investor call today at 10:00 a.m. ET – details below.

Rebound in LED Lighting Retrofit Activity Leads Orion's Q3 Revenue Rise to $44.3M and Net Income Increase to $4.3M, or $0.14 per share; Investor Call Today at 10am ET

MANITOWOC, Wis., Feb. 09, 2021 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of LED lighting, controls and IoT systems, including turnkey project implementation, as well as ongoing system maintenance and program management, today announced plans to expand its product line to include a family of ceiling air movement solutions, some of which will incorporate LED lighting and others which will utilize ultraviolet C (UVC) light waves to kill viruses, bacteria and germs. Orion has entered into a licensing and exclusive manufacturing agreement with Go Fan Yourself to incorporate their patented air movement and UVC related technologies into its fixtures.

Orion Energy Expands LED Lighting and Controls Solutions to Include Air Movement Products Incorporating Virus-Killing Ultraviolet Light

MANITOWOC, Wis, Feb. 03, 2021 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of LED lighting, controls and IoT systems, including turnkey project implementation, as well as ongoing system maintenance and program management, will host a conference call/webcast to review its FY 2021 third quarter results and outlook on Thursday, February 11, 2021, at 10:00 a.m. ET. Orion plans to release its results premarket on the same morning.

LED Lighting, Controls and Energy Project Solutions and Maintenance Provider Orion Hosts Q3 Investor Call/Webcast Thurs. Feb. 11th at 10am ET

MANITOWOC, Wis., Jan. 05, 2021 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), is a provider of LED lighting systems and turnkey project implementation, including installation and commissioning of fixtures, controls and IoT capabilities, ongoing system maintenance and program management. Orion today announced it entered into a new and expanded five-year $25.0 million revolving credit facility with Bank of America, N.A. effective December 29, 2020. The facility replaces Orion's prior $20.15 million facility with Western Alliance Bank and provides Orion with increased financing capacity and liquidity to support continued growth and execution of the Company's strategic plans.

Turnkey LED Lighting Systems and Controls Provider Orion Secures Expanded $25M Revolving Credit Facility with Bank of America, N.A.

MANITOWOC, Wis., Dec. 09, 2020 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), is a provider of LED lighting systems and turnkey project implementation, including installation and commissioning of fixtures, controls and IoT capabilities, ongoing system maintenance and program management. Orion today announced it has secured a new contract extension totaling approximately $40 million for the turnkey LED lighting and controls retrofit of 290 additional locations for an existing large national retail customer.

Orion Secures Approx. $40M Contract Extension Expanding Turnkey LED Lighting & Controls Retrofit Project for Major National Retail Customer

MANITOWOC, Wis., Dec. 07, 2020 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of LED lighting systems and turnkey project implementation, including installation and commissioning of fixtures, controls and IoT capabilities, ongoing system maintenance and program management, will present at the LD Micro Virtual Main Event Investor Conference on Monday, December 14th. Orion's CEO Mike Altschaefl and CFO Per Brodin will give an introduction followed by addressing questions from an investor panel, beginning at 10:20am ET and ending at 10:40am ET.

LED Lighting, Controls & Turnkey Energy Project Solutions Provider Orion Presents at LD Micro Virtual Main Event 2020 Conf. Mon. Dec. 14th at 10:20am ET

MANITOWOC, Wis., Nov. 10, 2020 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of LED lighting systems and turnkey project implementation, including installation and commissioning of fixtures, controls and IoT capabilities, ongoing system maintenance and program management, will participate at the 11th Annual Craig-Hallum Alpha Select Investment Conference to be held in a virtual format on Tuesday, November 17, 2020. Orion's CEO Mike Altschaefl and CFO Per Brodin will participate at the event.

LED Lighting, Controls & Energy Project Solutions Provider Orion to Participate at Craig-Hallum Alpha Select Investment Conference Tuesday, November 17th

Orion Energy Systems, Inc. (OESX) CEO Mike Altschaefl on Q2 2021 Results - Earnings Call Transcript

News for Orion Energy Systems Stock (OESX)