Reported Earnings • Jun 06
Full year 2026 earnings released: US$0.89 loss per share (vs US$3.60 loss in FY 2025) Full year 2026 results: US$0.89 loss per share (improved from US$3.60 loss in FY 2025). Revenue: US$86.3m (up 8.3% from FY 2025). Net loss: US$3.16m (loss narrowed 73% from FY 2025). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Breakeven Date Change • May 20
Forecast breakeven date moved forward to 2027 The 2 analysts covering Orion Energy Systems previously expected the company to break even in 2028. New consensus forecast suggests losses will reduce by 91% to 2026. The company is expected to make a profit of US$1.52m in 2027. Average annual earnings growth of 55% is required to achieve expected profit on schedule. Announcement • May 20
Orion Energy Systems, Inc. Provides Earnings Guidance for the Fiscal Year 2026 and Reiterates Earnings Guidance for the Fiscal Year 2027 Orion Energy Systems, Inc. provided earnings guidance for the fiscal year 2026 and reiterated earnings guidance for the fiscal year 2027. For the year 2026, the company's preliminary expectations of $86 million in revenue.
The Company reiterated expectations for Fiscal Year 2027, which began April 1, 2026, of between $95 million and $97 million in revenue. Announcement • May 19
Orion Energy Systems, Inc. to Report Q4, 2026 Results on Jun 04, 2026 Orion Energy Systems, Inc. announced that they will report Q4, 2026 results Pre-Market on Jun 04, 2026 Announcement • Apr 17
Orion Energy Systems, Inc. Increases Preliminary Earnings Guidance for the Fiscal Year Ended March 31, 2026 Orion Energy Systems, Inc. increased preliminary earnings guidance for the fiscal year Ended March 31, 2026. The company announced an increase in its fiscal year 2026 revenue outlook to a range of between $84 million and $86 million — up from its previous outlook of approximately $84 million. For the period, the company reiterated its preliminary expectations for increased revenue growth and profitability. Announcement • Jan 22
Orion Energy Systems, Inc. to Report Q3, 2026 Results on Feb 05, 2026 Orion Energy Systems, Inc. announced that they will report Q3, 2026 results Pre-Market on Feb 05, 2026 Announcement • Oct 14
Orion Energy Systems, Inc. to Report Q2, 2026 Results on Nov 05, 2025 Orion Energy Systems, Inc. announced that they will report Q2, 2026 results Pre-Market on Nov 05, 2025 Announcement • Jul 23
Orion Energy Systems, Inc. to Report Q1, 2026 Results on Aug 06, 2025 Orion Energy Systems, Inc. announced that they will report Q1, 2026 results Pre-Market on Aug 06, 2025 Announcement • Jun 27
Orion Energy Systems, Inc., Annual General Meeting, Aug 07, 2025 Orion Energy Systems, Inc., Annual General Meeting, Aug 07, 2025. Announcement • Jun 26
Orion Energy Systems, Inc. Provides Revenue Guidance for the Fiscal Year 2026 Orion Energy Systems, Inc. provides revenue guidance for the Fiscal Year 2026. For the period, the company expects revenue growth of 5% to approximately $84 million which, based on the Company’s operating cost and gross profit percentage improvements, should position the Company to approach or achieve positive adjusted EBITDA for the full fiscal year. Announcement • Jun 05
Orion Energy Systems, Inc. to Report Q4, 2025 Results on Jun 26, 2025 Orion Energy Systems, Inc. announced that they will report Q4, 2025 results Pre-Market on Jun 26, 2025 Announcement • Apr 24
Orion Energy Systems, Inc. to Showcase Its High Quality, USA Manufactured LED Lighting Products at LightFair 2025 in Las Vegas, May 6-8 Orion Energy Systems, Inc. announced it will showcase its high quality, USA manufactured LED lighting products at LightFair 2025 in Las Vegas, May 6-8 (Booth #1811). Orion will also host an informal investor gathering at LightFair on Tuesday, May 6th. Orion's USA manufactured LED lighting fixtures are some of the higher quality and best performing LED fixtures in the lighting industry. Orion stands in stark contrast to many other LED lighting companies who are increasing their pricing and lengthening their lead times for delivery. At Orion's booth #1811 will be showcasing full complement of lighting products which will highlight its flexible supply chain and ability to meet the needs of the market. Announcement • Mar 24
Nasdaq Grants 180 Days Extension to Orion Energy Systems to Regain Compliance with the Bid Price Rule As previously disclosed, on September 20, 2024, Orion Energy Systems, Inc. (the Company") received written notice (the Notification") from the Listing Qualifications Department (the Staff") of The NASDAQ Stock Market LLC (Nasdaq") notifying the Company that it was not in compliance with the minimum bid price requirements set in Nasdaq Listing Rule 5550(a)(2) (the Bid Price Rule") for continued listing on The Nasdaq Capital Market, as the closing bid price of the Company's common stock had been below $1.00 per share for 30 consecutive trading days. Pursuant to Nasdaq Listing rule 5810(c)(3)(A), the Company was granted 180 calendar days, or until March 19, 2025, to regain compliance with the Bid Price Rule. In response, on March 19, 2025, the Company submitted a formal request to Nasdaq for an additional 180-calendar day period to regain compliance with the Bid Price Rule and provided written notice to Nasdaq that the Company intends to effectuate a reverse stock split during the additional compliance period if necessary to regain compliance with the Bid Price Rule. On March 20, 2025, the Company received a letter (the Letter") from the Staff notifying the Company that it is eligible for an additional 180 calendar day period from the date of the Letter, or until September 15, 2025 (the Additional Compliance Period") to regain compliance with the Bid Price Rule. Nasdaq's determination was based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the The Nasdaq Capital Market with the exception of the Bid Price Rule, and the Company's written notice of its intention to cure the deficiency during the Additional Compliance Period by effecting a reverse stock split, if necessary. If at any time during the Additional Compliance Period the Company's common stock has a closing bid price of at least $1.00 per share for a minimum of 10 consecutive trading days, Nasdaq will provide the Company with written confirmation of compliance with the Bid Price Rule and this matter will be closed. If the Company does not regain compliance by September 15, 2025, then Nasdaq will notify the Company of its determination to delist the Company's common stock from trading on Nasdaq. Although the Company would have an opportunity to appeal the delisting determination to a hearings panel, under Nasdaq rules, the Company's delisting from Nasdaq would be effective on or about September 16, 2025. The Company intends to monitor the closing bid price of its common stock and may, if appropriate, consider implementing available options to regain compliance with the Bid Price Rule, including a reverse stock split, if necessary. There can be no assurance that the Company will be able to regain compliance with the Bid Price Rule, even if it maintains compliance with the other Nasdaq listing requirements. Announcement • Jan 30
Orion Energy Systems, Inc. to Report Q3, 2025 Results on Feb 11, 2025 Orion Energy Systems, Inc. announced that they will report Q3, 2025 results Pre-Market on Feb 11, 2025 Reported Earnings • Nov 07
Second quarter 2025 earnings released: US$0.11 loss per share (vs US$0.14 loss in 2Q 2024) Second quarter 2025 results: US$0.11 loss per share (improved from US$0.14 loss in 2Q 2024). Revenue: US$19.4m (down 6.0% from 2Q 2024). Net loss: US$3.63m (loss narrowed 17% from 2Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 33 percentage points per year, which is a significant difference in performance. Announcement • Sep 21
Orion Energy Systems Receives Written Notice from Nasdaq Due to Non-Compliance with Minimum Bid Price Requirements Under Nasdaq Listing Rule 5550(a)(2) On September 20, 2024, Orion Energy Systems, Inc. (the ‘Company’) received written notice (the ‘Notification Letter’) from the Listing Qualifications Department of The NASDAQ Stock Market LLC (‘Nasdaq’) notifying the Company that it is not in compliance with the minimum bid price requirements set in Nasdaq Listing Rule 5550(a)(2) (the ‘Bid Price Rule’) for continued listing on The Nasdaq Capital Market. The Bid Price Rule requires listed securities to maintain a minimum bid price of $1.00 per share, and Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company’s common stock for the 30 consecutive business days prior to the date of the Notification Letter, the Company no longer meets the Bid Price Rule. The Notification Letter does not impact the Company’s current listing on The Nasdaq Capital Market at this time, and shares of the Company’s common stock will continue to trade on the Nasdaq Capital Market under the symbol ‘OESX’. The Notification Letter states that the Company has 180 calendar days, or until March 19, 2025, to regain compliance with the Bid Price Rule. To regain compliance, the Company’s common stock must have a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days. If the Company does not regain compliance by March 19, 2025, an additional 180 days may be granted to regain compliance, so long as the Company meets The Nasdaq Capital Market initial listing criteria (except for the Bid Price Rule) and notifies Nasdaq in writing of its intention to cure the deficiency during the second compliance period, including the implementation of a reverse stock split, if necessary. If the Company does not qualify for the second compliance period or fails to regain compliance during the second 180-day period, then Nasdaq will notify the Company of its determination to delist the Company’s common stock, at which point the Company would have an opportunity to appeal the delisting determination to a hearings panel. The Company intends to monitor the closing bid price of its common stock and may, if appropriate, consider implementing available options to regain compliance with the Bid Price Rule. The Company’s management remains committed to the Company’s strategy of increasing its revenues and adhering to a strict cost culture. As previously announced, the Company achieved 13% year-over-year growth in the fiscal 2025 first quarter. In addition, the Company is currently targeting year-over-year revenue growth in fiscal 2025 in the range of 10-15%. The Company believes achievement of this performance will enable the Company to regain compliance with the Bid Price Rule. Reported Earnings • Aug 08
First quarter 2025 earnings released: US$0.12 loss per share (vs US$0.20 loss in 1Q 2024) First quarter 2025 results: US$0.12 loss per share (improved from US$0.20 loss in 1Q 2024). Revenue: US$19.9m (up 13% from 1Q 2024). Net loss: US$3.76m (loss narrowed 43% from 1Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. New Risk • Aug 06
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$11m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$11m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$1.9m net loss in 3 years). Market cap is less than US$100m (€31.2m market cap, or US$34.1m). Announcement • Jul 24
Orion Energy Systems, Inc. to Report Q1, 2025 Results on Aug 07, 2024 Orion Energy Systems, Inc. announced that they will report Q1, 2025 results Pre-Market on Aug 07, 2024 Announcement • Jul 01
Orion Energy Systems, Inc., Annual General Meeting, Aug 08, 2024 Orion Energy Systems, Inc., Annual General Meeting, Aug 08, 2024. Reported Earnings • Jun 14
Full year 2024 earnings released: US$0.36 loss per share (vs US$1.08 loss in FY 2023) Full year 2024 results: US$0.36 loss per share (improved from US$1.08 loss in FY 2023). Revenue: US$90.6m (up 17% from FY 2023). Net loss: US$11.7m (loss narrowed 66% from FY 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 14
Full year 2024 earnings released: US$0.36 loss per share (vs US$1.08 loss in FY 2023) Full year 2024 results: US$0.36 loss per share (improved from US$1.08 loss in FY 2023). Revenue: US$90.6m (up 17% from FY 2023). Net loss: US$11.7m (loss narrowed 66% from FY 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. New Risk • Jun 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$8.2m). Currently unprofitable and not forecast to become profitable over next 3 years (US$1.9m net loss in 3 years). Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (€32.0m market cap, or US$34.5m). Announcement • Jun 09
Orion Energy Systems, Inc. Reports Impairment on Intangibles for the Fourth Quarter Ended March 31, 2024 Orion Energy Systems, Inc. reported impairment on Intangibles for the fourth quarter ended March 31, 2024. For the quarter, the company reported impairment on Intangibles of $456,000. Announcement • Jun 08
Orion Energy Systems, Inc. Provides Financial Guidance for Fiscal Year 2025 Orion Energy Systems, Inc. provided financial guidance for fiscal year 2025. The company continues to target Fiscal Year 2025 revenue growth of 10%-15% on a consolidated basis compared to Fiscal Year 2024. This outlook is based on expected revenue from large national LED lighting projects for new and existing customers in the automotive, retail, technology, logistics/distribution and banking sectors. In addition, Orion anticipates continued growth in sales to ESCO and Agent partners who are responding favorably to the quality, energy efficiency and value of new LED lighting products developed to meet the needs of this channel. Additionally, Orion expects robust growth in EV charging solutions revenue in Fiscal Year 2025, driven by existing project contracts, a growing pipeline of opportunities developed by its expanded team, and synergies with Orion’s other businesses. Revenue from maintenance services is expected to contract by $4 million-$5 million in Fiscal Year 2025, primarily due to three large legacy customers that did not accept long-term pricing increases during recent RFP processes. These revenue impacts are expected to be partially offset by maintenance expansion opportunities with in the existing customer base. Announcement • May 18
Orion Energy Systems, Inc. to Report Fiscal Year 2024 Results on Jun 06, 2024 Orion Energy Systems, Inc. announced that they will report fiscal year 2024 results on Jun 06, 2024 Announcement • Apr 07
Orion Energy Systems Receives Written Notice from the Listing Qualifications Department of the NASDAQ Stock Market On April 5, 2024, Orion Energy Systems, Inc. received written notice from the Listing Qualifications Department of The NASDAQ Stock Market LLC notifying the Company that it is not in compliance with the minimum bid price requirements set in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”) for continued listing on The Nasdaq Capital Market. The Bid Price Rule requires listed securities to maintain a minimum bid price of $1.00 per share, and Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company’s common stock for the 30 consecutive business days prior to the date of the Notification Letter, the Company no longer meets the Bid Price Rule. The Notification Letter does not impact the Company’s current listing on The Nasdaq Capital Market at this time, and shares of the Company’s common stock will continue to trade on the Nasdaq Capital Market under the symbol “OESX”. The Notification Letter states that the Company has 180 calendar days, or until October 2, 2024, to regain compliance with the Bid Price Rule. To regain compliance, the Company’s common stock must have a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days. If the Company does not regain compliance by October 2, 2024, an additional 180 days may be granted to regain compliance, so long as the Company meets The Nasdaq Capital Market initial listing criteria (except for the Bid Price Rule) and notifies Nasdaq in writing of its intention to cure the deficiency during the second compliance period, including the implementation of a reverse stock split, if necessary. If the Company does not qualify for the second compliance period or fails to regain compliance during the second 180-day period, then Nasdaq will notify the Company of its determination to delist the Company’s common stock, at which point the Company would have an opportunity to appeal the delisting determination to a hearings panel. The Company intends to monitor the closing bid price of its common stock and may, if appropriate, consider implementing available options to regain compliance with the Bid Price Rule. The Company previously received a similar notification from Nasdaq on December 21, 2023 and announced on January 30, 2024 that it had regained full compliance with the Bid Price Rule on January 25, 2024. The Company’s management remains committed to the Company’s strategy of increasing its revenues and adhering to a strict cost culture. As previously announced, the Company achieved 28% year-over-year growth in the fiscal 2024 third quarter. In addition, the Company expects to achieve fiscal 2024 revenue of between $90 Million to $95 Million and is currently targeting year-over-year revenue growth in fiscal 2025 in the range of 10-15%. The Company believes achievement of this performance will enable the Company to regain compliance with the Bid Price Rule. Reported Earnings • Feb 08
Third quarter 2024 earnings released: US$0.069 loss per share (vs US$0.75 loss in 3Q 2023) Third quarter 2024 results: US$0.069 loss per share (improved from US$0.75 loss in 3Q 2023). Revenue: US$26.0m (up 28% from 3Q 2023). Net loss: US$2.26m (loss narrowed 91% from 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Announcement • Jan 19
Orion Energy Systems, Inc. to Report Q3, 2024 Results on Feb 07, 2024 Orion Energy Systems, Inc. announced that they will report Q3, 2024 results on Feb 07, 2024 Announcement • Jan 18
Orion Energy Systems, Inc. Provides Earnings Guidance for the Fourth Quarter and Fiscal Year 2024 Orion Energy Systems, Inc. provided earnings guidance for the fourth quarter and fiscal year 2024. For the year, the company expects revenue growth between 16% and 23% to a range of approximately $90 million to $95 million. For the quarter, the company expects revenue in the range of $26 million to $31 million compared to $21.6 million in Fourth Quarter 2023. Announcement • Dec 24
Orion Energy Systems Receives Written Notice from Nasdaq Regarding Non-Compliance with the Minimum Bid Price Requirements Set Forth in Nasdaq Listing Rule 5550(a)(2) On December 21, 2023, Orion Energy Systems, Inc. (the ‘Company’) received written notice (the ‘Notification Letter’) from the Listing Qualifications Department of The NASDAQ Stock Market LLC (‘Nasdaq’) notifying the Company that it is not in compliance with the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2) (the ‘Bid Price Rule’) for continued listing on The Nasdaq Capital Market. The Bid Price Rule requires listed securities to maintain a minimum bid price of $1.00 per share, and Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company’s common stock for the 30 consecutive business days prior to the date of the Notification Letter, the Company no longer meets the Bid Price Rule. The Notification Letter does not impact the Company’s current listing on The Nasdaq Capital Market at this time, and shares of the Company’s common stock will continue to trade on the Nasdaq Capital Market under the symbol ‘OESX’. The Notification Letter states that the Company has 180 calendar days, or until June 18, 2024, to regain compliance with the Bid Price Rule. To regain compliance, the Company’s common stock must have a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days. If the Company does not regain compliance by June 18, 2024, an additional 180 days may be granted to regain compliance, so long as the Company meets The Nasdaq Capital Market initial listing criteria (except for the Bid Price Rule) and notifies Nasdaq in writing of its intention to cure the deficiency during the second compliance period, including the implementation of a reverse stock split, if necessary. If the Company does not qualify for the second compliance period or fails to regain compliance during the second 180-day period, then Nasdaq will notify the Company of its determination to delist the Company’s common stock, at which point the Company would have an opportunity to appeal the delisting determination to a hearings panel. The Company intends to monitor the closing bid price of its common stock and may, if appropriate, consider implementing available options to regain compliance with the Bid Price Rule. The Company’s management remains committed to the Company’s strategy of increasing its revenues and adhering to a strict cost culture. As previously announced, the Company achieved 17% year-over-year and sequential growth in the fiscal 2024 second quarter. In addition, the Company expects to achieve fiscal 2024 revenue growth of 30% above fiscal 2023 revenue. This anticipated performance in the second half of fiscal 2024 is expected to generate positive Adjusted EBITDA and free cash flow during that period. The Company believes achievement of this performance will enable the Company to regain compliance with the Bid Price Rule. New Risk • Dec 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$7.9m free cash flow). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (€27.1m market cap, or US$29.3m). Announcement • Nov 08
Orion Energy Systems, Inc. Provides Earnings Guidance for the Fiscal Year 2024 Orion Energy Systems, Inc. provided earnings guidance for the fiscal year 2024. For the year, the company expects revenue growth of 30% or more to approximately $100 Million, with the bulk of the increase occurring in the second half of the year. Reported Earnings • Nov 08
Second quarter 2024 earnings released: US$0.14 loss per share (vs US$0.074 loss in 2Q 2023) Second quarter 2024 results: US$0.14 loss per share (further deteriorated from US$0.074 loss in 2Q 2023). Revenue: US$20.6m (up 17% from 2Q 2023). Net loss: US$4.39m (loss widened 88% from 2Q 2023). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Announcement • Oct 31
Orion Energy Systems, Inc. Announces Release of BABA Act-Compliant LED Lighting Fixtures Orion Energy Systems, Inc. announced its latest line of LED lighting fixtures that are compliant with the Build America, Buy America (BABA) Act. These fixtures include LED High Bays, LED Strips, LED Strip Retrofits, LED Troffers, and LED Troffer Retrofits all manufactured at Orion’s facility in Manitowoc, Wisconsin. These new BABA Act-compliant LED lighting fixtures deliver DesignLights Consortium® efficiency while exceeding the Buy American Requirement established by the BABA Act. By incorporating Orion's BABA Act-compliant lighting fixtures in lighting infrastructure projects, non-Federal entity end users such as state governments, local governments, and public institutions of higher education, become eligible to receive federal funding through The Infrastructure Investment and Jobs Act (IIJA). Announcement • Oct 20
Orion Energy Systems, Inc. to Report Q2, 2024 Results on Nov 07, 2023 Orion Energy Systems, Inc. announced that they will report Q2, 2024 results Pre-Market on Nov 07, 2023 Announcement • Aug 17
Orion Energy Systems Introduces TritonPro™ and New Harris Exterior LED Product Lines Orion Energy Systems, Inc. announced the launch of its new TritonPro™ product category and new Harris exterior LED lighting products. The launch comprises five new cutting-edge products that provide proprietary Orion design, quality and value-pricing to expand the Company’s reach into new construction and retrofit markets and to meet requests from channel partners. The new products are designed to provide unparalleled performance, efficiency, and in-field versatility to a broader array of customers and market segments. The new products are: TritonPro™ Compact Linear High Bay? is a compact, LED lighting fixture with a sleek design, minimal footprint, and unmatched performance. Offering powerful illumination and energy-saving capabilities, this fixture is perfect for high-ceiling indoor spaces such as warehouses, manufacturing units, and retail facilities. TritonPro™ LED Slimline Lumen Select Vaportight has a durable, waterproof construction engineered to deliver exceptional lighting performance in harsh environments. The product is ideal for use in parking garages, manufacturing facilities, and other demanding locations with a variety of lighting requirements. TritonPro™ LED Troffer Lumen Select? is an innovative lighting solution offering on-site customizable light settings that is ideal for modern office spaces, educational settings, and healthcare facilities. Configurable for specific needs, it enhances user comfort and productivity while also ensuring energy efficiency. TritonPro™ LED Lumen Select Strip Retrofit? is designed to replace outdated fluorescent lighting with ease. Providing exceptional illumination while reducing maintenance costs, it is an excellent choice for retail stores, supermarkets, and various commercial settings. Harris Area Light Lumen Select? is a high-performance outdoor LED lighting fixture designed for parking lots, pathways, and any large outdoor area. With field selectable capabilities and interchangeable optics lens options, it offers maximum on-site flexibility to match the needs of any environment, ensuring safety and security in previously dark outdoor areas. Announcement • Aug 12
Orion Energy Systems, Inc. Appoints Heather L. Wishart-Smith as Director Orion Energy Systems, Inc. announced that at the Annual Meeting was held on August 10, 2023, the company approved the appointment of Heather L. Wishart-Smith as director. Announcement • Aug 10
Orion Energy Systems, Inc. Provides Revenue Guidance for the Second Half and Full Year Fiscal Year 2024 Orion Energy Systems, Inc. provided revenue guidance for the second half and full year fiscal year 2024. The company continues to expect financial year 2024 revenue growth of 30% or more to apprimately $100 million, generally buildlding as the year progresses with second quarter 2024 and the second half of the year, being stronger than first quarter 2024 and the first half of the year. Reported Earnings • Aug 10
First quarter 2024 earnings released: US$0.20 loss per share (vs US$0.091 loss in 1Q 2023) First quarter 2024 results: US$0.20 loss per share (further deteriorated from US$0.091 loss in 1Q 2023). Revenue: US$17.6m (down 1.6% from 1Q 2023). Net loss: US$6.64m (loss widened 134% from 1Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Announcement • Jul 29
Orion Energy Systems, Inc. to Report Q1, 2024 Results on Aug 09, 2023 Orion Energy Systems, Inc. announced that they will report Q1, 2024 results Pre-Market on Aug 09, 2023 Announcement • Jul 01
Orion Energy Systems, Inc., Annual General Meeting, Aug 10, 2023 Orion Energy Systems, Inc., Annual General Meeting, Aug 10, 2023, at 13:00 Central Standard Time. Agenda: To consider the election of one nominee named in the attached proxy statement as a Class I director to serve for a term expiring at the 2026 annual meeting of shareholders and one nominee named in the attached proxy statement as a Class II director to serve for a term expiring at the 2024 annual meeting of shareholders, in each case until his or her successor has been duly elected and qualified; to consider an advisory vote to approve the compensation of named executive officers as disclosed in the accompanying proxy statement; to consider an advisory vote on the frequency of future advisory shareholder votes on the compensation of named executive officers; and to consider other matters. Announcement • Jun 07
Orion Energy Systems, Inc. Provides Earnings Guidance for the Fiscal Year 2024 Orion Energy Systems, Inc. provided earnings guidance for the fiscal year 2024. For the year, the company continues to expect Fiscal Year 2024 revenue growth of 30% or more to approximately $100M, with a greater proportion of revenue expected in the second half. the company's revenue guidance is based on approximately $34 million in aggregate revenue expected from maintenance services and EV charging solutions and the balance from LED lighting products and solutions, including national account projects, ESCO partners and distribution channel sales. Reported Earnings • Jun 06
Full year 2023 earnings released: US$1.08 loss per share (vs US$0.20 profit in FY 2022) Full year 2023 results: US$1.08 loss per share (down from US$0.20 profit in FY 2022). Revenue: US$77.4m (down 38% from FY 2022). Net loss: US$34.3m (down US$40.4m from profit in FY 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Announcement • May 26
Orion Energy Systems, Inc. to Report Q4, 2023 Results on Jun 06, 2023 Orion Energy Systems, Inc. announced that they will report Q4, 2023 results Pre-Market on Jun 06, 2023 Announcement • May 24
Orion Energy Systems, Inc. Announces the Introduction of New Energy-Efficient Led Lighting Products to Its Expanding Portfolio Orion Energy Systems, Inc. announced the introduction of new energy-efficient LED lighting products to its expanding portfolio. These new innovations will be showcased at Orion booth #1131 at the LIGHTFAIR® 2023 International Trade Show and Conference, taking place at the Jacob K. Javits Convention Center in New York City, New York from Tuesday, May 23rd to Thursday, May 25th. Among the highly anticipated additions to the exterior LED product line is the Harris Area Light Lumen Select, Gen 1. This versatile outdoor area light offers a host of cutting-edge features that provides unparalleled flexibility in the field. The key highlights include: Tool-less lens swap capabilities to effortlessly switch between four lens types, enabling quick and effortless in-field adjustments. Field adjustable CCT options, with a choice of 3000K, 4000K, and 5000K, allowing users to customize the lighting environment. Field adjustable wattage, providing multiple fixture configurations and lumen packages ranging from 12,000 to 42,000 lumens. Pre-wired sensor receptacle, streamlining installation with easy screw-in functionality which eliminates the need for in-field sensor wiring. Reported Earnings • Feb 10
Third quarter 2023 earnings released: US$0.75 loss per share (vs US$0.035 profit in 3Q 2022) Third quarter 2023 results: US$0.75 loss per share (down from US$0.035 profit in 3Q 2022). Revenue: US$20.3m (down 34% from 3Q 2022). Net loss: US$24.1m (down US$25.2m from profit in 3Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Announcement • Jan 31
Orion Energy Systems, Inc. Announces Board Changes On January 30, 2023, Orion Energy Systems, Inc. announced that Charles McDulin resigned from the Company's board of directors on January 27, 2023. Mr. McDulin tendered his resignation from the Board in connection with his resignation from Kanen Wealth Management, LLC and its affiliates (KWM). Mr. McDulins retirement from the Board is the result of his resignation from KWM, and did not arise or result from any disagreement with the Company on any matters relating to the Companys operations, policies or practices. Mr. McDulin was appointed to the Board as part of that certain cooperation agreement, dated January 3, 2023, by and among Orion Energy Systems, Inc., KWM, David Kanen and Charles McDulin (the Cooperation Agreement). Pursuant to the Cooperation Agreement, the Boards Nominating and Corporate Governance Committee is actively working with Kanen Wealth Management, LLC and David Kanen to identify, vet and mutually agree upon a suitable independent director replacement for Mr. McDulin. Announcement • Jan 18
Orion Energy Systems Adds Ken Poole as EVP of Sales Orion Energy Systems, Inc. announced the addition of Ken Poole, a proven leader in sales strategy, project-based sales leadership and management, as Executive Vice President of Sales. Mr. Poole will report directly to CEO Michael Jenkins.Mr. Poole has over 23 years of sales and leadership experience, most recently as Vice President, Strategic Account Sales at Johnson Controls North America, following prior sales management roles at Tyco Integrated Security and ADT Security Services. In his last position held at Johnson Controls, he had a secured revenue responsibility of more than $1Billion. Prior to that, he led a commercial security sales team consisting of over 600 sales managers, sellers, and support personnel across North America -- and was responsible for generating over $250M in new revenue per year. Ken began his career as a retail clothing entrepreneur, growing his business to three locations. He then focused his career on corporate sales -- where he progressed rapidly -- as a sales representative and sales manager to senior sales management and leadership positions. Announcement • Jan 05
Orion Energy Systems Adds Charles McDulin to Board of Directors Orion Energy Systems, Inc. announced that it has increased the size of the board to six members and appointed Charles McDulin to its board of directors effective immediately. Mr. McDulin is an investment analyst at Philotimo Fund, LP, a hedge fund focused on small-cap value and affiliated with Kanen Wealth Management, LLC. Announcement • Nov 16
Orion Energy Systems, Inc. Appoints Mark C. Williamson as to Board of Directors Orion Energy Systems, Inc. announced Mark C. Williamson, a long-standing non-employee director of the Board of Directors of Orion Energy Systems, Inc., informed the Board that he decided to voluntarily retire from his position as a director of the Company, effective as of the end of the day on November 10, 2022. Mr. Williamson had served as a director of the Company since April 2009 and was the Company’s lead independent director from October 2009 through May 2013. Pursuant to the Company’s non-employee director retirement plan, Mr. Williamson is entitled to continued vesting of up to all of his then outstanding unvested restricted stock on the dates when such vesting would have otherwise occurred if Mr. Williamson remained on the Board on such dates a services fee of $200 per hour for any time spent at the Company’s request on Company-related matters, plus reimbursement for all out-of-pocket expenses and continued ability to exercise his previously vested but unexercised stock option for up to 10 years from its original grant date (May 28, 2023), pursuant to the terms of the Company’s non-employee director retirement plan. As previously disclosed by the Company, most recently in its Proxy Statement for the Company’s 2022 Annual Meeting of Shareholders, filed with the Securities and Exchange Commission on June 21, 2022, in early fiscal 2018, the Board approved the payment of a $30,000 retirement benefit to Mr. Williamson to be effective upon his retirement from the Board, to be applied by Mr. Williamson toward the purchase of Company common stock directly from the Company. On November 10, 2022, the Board approved the following modifications to the Previously Approved Retirement Plan: instead of paying Mr. Williamson $30,000 in cash so that Mr. Williamson could use such cash to directly purchase Company common stock from the Company, upon Mr. Williamson’s retirement from the Board on the Retirement Date, the Company issued Mr. Williamson $18,000 worth of newly-issued Company common stock based on the closing price of the Company’s common stock on the Retirement Date and paid Mr. Williamson $12,000 in cash so that Mr. Williamson would have the funds necessary to pay his income taxes due on his $30,000 retirement payment. Reported Earnings • Nov 09
Second quarter 2023 earnings released: US$0.075 loss per share (vs US$0.12 profit in 2Q 2022) Second quarter 2023 results: US$0.075 loss per share (down from US$0.12 profit in 2Q 2022). Revenue: US$17.6m (down 52% from 2Q 2022). Net loss: US$2.33m (down 164% from profit in 2Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Announcement • Nov 09
Orion Energy Systems, Inc. Provides Earning Revenue for the Second Half and Full Year of Fiscal Year 2023 Orion Energy Systems, Inc. provided earning revenue for the second half and full year of fiscal year 2023. For the second half, the company expects second half revenue to be much stronger than the first half.For the period, the company revenue ranging between $90 million and $110 million. The mid-point of this revenue range would represent double-digit revenue growth compared to fiscal year 2022, outside of the revenue from Orion’s largest customer. Announcement • Oct 28
Orion Energy Systems, Inc. to Report Q2, 2023 Results on Nov 08, 2022 Orion Energy Systems, Inc. announced that they will report Q2, 2023 results Pre-Market on Nov 08, 2022 Announcement • Oct 07
Orion Energy Systems, Inc. (NasdaqCM:OESX) acquired Voltrek LLC. Orion Energy Systems, Inc. (NasdaqCM:OESX) acquired Voltrek LLC on October 6, 2022. Voltex reported revenue of $4.8 million for the year ended 2021. Kathleen Connors, an established EV charging industry leader will continue to lead Voltrek as its President.
Orion Energy Systems, Inc. (NasdaqCM:OESX) completed the acquisition of Voltrek LLC on October 6, 2022. Announcement • Oct 03
Kanen Wealth Management Engages in Discussions with Orion Energy Systems On September 30, 2022, Kanen Wealth Management, LLC announced that it intends on engaging in discussions with Orion Energy Systems, Inc.’s Board of Directors in furtherance of shareholder representation on the Board. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment improved over the past week After last week's 15% share price gain to €1.65, the stock trades at a trailing P/E ratio of 70.4x. Average forward P/E is 29x in the Electrical industry in Germany. Total loss to shareholders of 29% over the past three years. Reported Earnings • Aug 04
First quarter 2023 earnings released: US$0.091 loss per share (vs US$0.081 profit in 1Q 2022) First quarter 2023 results: US$0.091 loss per share (down from US$0.081 profit in 1Q 2022). Revenue: US$17.9m (down 49% from 1Q 2022). Net loss: US$2.84m (down 213% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 14%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Jul 26
Orion Energy Systems, Inc. to Report Q1, 2023 Results on Aug 03, 2022 Orion Energy Systems, Inc. announced that they will report Q1, 2023 results During-Market on Aug 03, 2022 Announcement • Jun 22
Orion Energy Systems, Inc., Annual General Meeting, Aug 04, 2022 Orion Energy Systems, Inc., Annual General Meeting, Aug 04, 2022, at 13:00 Central Standard Time. Agenda: To consider the election of two nominees named in the attached proxy statement as a Class III director to serve for a term expiring at the 2025 annual meeting of shareholders, and until his or her successor has been duly elected and qualified; to consider an advisory vote to approve the compensation of named executive officers as disclosed in the accompanying proxy statement; to consider the ratification of BDO USA, LLP to serve as independent registered public accounting firm for fiscal year 2023; and to consider such other business as may properly come before the annual meeting, or any adjournment or postponement thereof. Reported Earnings • Jun 09
Full year 2022 earnings released: EPS: US$0.20 (vs US$0.85 in FY 2021) Full year 2022 results: EPS: US$0.20 (down from US$0.85 in FY 2021). Revenue: US$124.4m (up 6.5% from FY 2021). Net income: US$6.09m (down 77% from FY 2021). Profit margin: 4.9% (down from 22% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 12% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Jun 08
Orion Energy Systems, Inc. Provides Revenue Guidance for the Fiscal Year 2023 Orion Energy Systems, Inc. provided revenue guidance for the fiscal year 2023. Orion envisions a realistic path to meet or exceed Fiscal Year 2022 revenue performance in Fiscal year 2023. Assuming approximately $25 Million in revenue from largest customer in fiscal 2023, this implies organic growth of approximately 50% in business outside of largest customer. Board Change • Jun 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Alan Howe was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • May 26
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €2.02, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 25x in the Electrical industry in Germany. Total returns to shareholders of 12% over the past three years. Announcement • May 24
Orion Energy Systems, Inc. to Report Fiscal Year 2022 Results on Jun 07, 2022 Orion Energy Systems, Inc. announced that they will report fiscal year 2022 results on Jun 07, 2022 Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: US$0.035 (down from US$0.14 in 3Q 2021). Revenue: US$30.7m (down 31% from 3Q 2021). Net income: US$1.10m (down 75% from 3Q 2021). Profit margin: 3.6% (down from 9.8% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 8.2%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Announcement • Feb 10
Orion Energy Systems, Inc. Provides Earning Guidance for 2022 Orion Energy Systems, Inc. provided earning guidance for 2022. The company anticipates Fiscal Year 2022 revenue of approximately $130 million, representing growth of 11% over revenue of $116.8 million in Fiscal Year 2021. Announcement • Jan 19
Orion Energy Systems, Inc. Revises Revenue Guidance for the Fiscal Year 2022 Orion Energy Systems, Inc. revised revenue guidance for the fiscal year 2022. The company now anticipates fiscal year 2022 revenue of approximately $130 million, as compared to its prior expectation of at least $150 million. The company’s updated fiscal year 2022 revenue outlook represents growth of approximately 11% over fiscal year 2021 revenue of $116.8 million. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improved over the past week After last week's 19% share price gain to €3.84, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 29x in the Electrical industry in Germany. Total returns to shareholders of 349% over the past three years. Announcement • Jan 06
Orion Energy Systems, Inc. (NasdaqCM:OESX) acquired Stay-Lite Lighting Inc from Kirk Tuson for $3.7 million. Orion Energy Systems, Inc. (NasdaqCM:OESX) acquired Stay-Lite Lighting Inc from Kirk Tuson for $3.7 million on January 1, 2022. Orion Energy acquired Stay-Lite Lighting for cash purchase price of $3.7 million, subject to normal and customary closing adjustments (the “Stay-Lite Acquisition”). In addition, depending upon the relative gross profit growth of Stay-Lite Lighting’s legacy business over the next two calendar years, the Company could pay up to an additional $700,000 in earn-out related purchase price. Stay-Lite Lighting will operate as Stay-Lite, an Orion Energy Systems business. Stay-Lite Lighting has annual revenues of approximately $9 million. Bridgewood Advisors acted as advisors to Orion and Taureau Group acted as advisors to Stay-Lite Lighting.
Orion Energy Systems, Inc. (NasdaqCM:OESX) completed the acquisition of Stay-Lite Lighting Inc from Kirk Tuson on January 5, 2022. Recent Insider Transactions • Nov 20
President of Orion Services Group recently sold €179k worth of stock On the 19th of November, Scott Green sold around 51k shares on-market at roughly €3.51 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS US$0.12 (vs US$0.062 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: US$36.5m (up 39% from 2Q 2021). Net income: US$3.66m (up 91% from 2Q 2021). Profit margin: 10.0% (up from 7.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 76% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorated over the past week After last week's 16% share price decline to US$3.58, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the Electrical industry in Germany. Total returns to shareholders of 320% over the past three years. Executive Departure • Aug 11
Director Michael Potts has left the company On the 5th of August, Michael Potts' tenure as Director ended. As of March 2021, Michael still personally held 465.63k shares (€1.5m worth at the time). Michael is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.50 years. Reported Earnings • Aug 05
First quarter 2022 earnings released: EPS US$0.08 (vs US$0.073 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: US$35.1m (up 225% from 1Q 2021). Net income: US$2.51m (up US$4.73m from 1Q 2021). Profit margin: 7.2% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 71% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 04
Full year 2021 earnings released: EPS US$0.85 (vs US$0.41 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: US$116.8m (down 23% from FY 2020). Net income: US$26.1m (up 110% from FY 2020). Profit margin: 22% (up from 8.3% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 92% per year, which means it is significantly lagging earnings growth. Announcement • Jun 02
Orion Energy Systems, Inc. Provides Revenue Guidance for the Fiscal Year 2022 Orion Energy Systems, Inc. provided revenue guidance for the fiscal year 2022. The company expects its fiscal year 2022 revenue to increase at least 28% to a range of $150 million to $155 million. 
