LED Lighting and EV Charging Solutions Provider Orion Previews Q2’25 Results and Updates FY 2025 Outlook in Anticipation of LD Micro Investor Presentation Webcast Today at 8:30 a.m. PT
Orion Energy Systems (NASDAQ: OESX) announced preliminary Q2'25 revenue of $19.4M, down from $20.6M in Q2'24. First six months revenue reached $39.3M, up from $38.2M. EV charging solutions revenue grew 40% to $4.7M, while LED lighting revenue declined 20% to $10.8M due to project delays and completion of a major European retrofit. Maintenance services revenue increased 5% to $3.8M with improved gross profit margins. The company secured a new 5-Year, $25M contract for LED lighting fixtures with a major retailer. Orion revised its FY'25 revenue growth outlook to approximately 10% from previous 10-15%, ending Q2 with $5.4M in cash.
Orion Energy Systems (NASDAQ: OESX) ha annunciato un fatturato preliminare per il secondo trimestre del 2025 di 19,4 milioni di dollari, in calo rispetto ai 20,6 milioni di dollari del secondo trimestre del 2024. Nel primo semestre, il fatturato ha raggiunto 39,3 milioni di dollari, rispetto ai 38,2 milioni di dollari dell'anno precedente. I ricavi dalle soluzioni di ricarica per veicoli elettrici sono cresciuti del 40%, arrivando a 4,7 milioni di dollari, mentre i ricavi dall'illuminazione a LED sono diminuiti del 20%, scendendo a 10,8 milioni di dollari a causa di ritardi nei progetti e del completamento di un importante retrofit europeo. I ricavi dai servizi di manutenzione sono aumentati del 5%, raggiungendo 3,8 milioni di dollari, con margini di profitto lordo migliorati. L'azienda ha ottenuto un nuovo contratto di 5 anni per 25 milioni di dollari per apparecchi di illuminazione a LED con un grande rivenditore. Orion ha rivisto le previsioni di crescita del fatturato per l'anno fiscale 2025 a circa il 10%, rispetto alla precedente stima del 10-15%, chiudendo il secondo trimestre con 5,4 milioni di dollari in contante.
Orion Energy Systems (NASDAQ: OESX) anunció ingresos preliminares del segundo trimestre de 2025 de 19.4 millones de dólares, una disminución frente a los 20.6 millones de dólares en el segundo trimestre de 2024. Los ingresos de los primeros seis meses alcanzaron 39.3 millones de dólares, en comparación con 38.2 millones de dólares del año anterior. Los ingresos por soluciones de carga para vehículos eléctricos crecieron un 40% hasta 4.7 millones de dólares, mientras que los ingresos por iluminación LED disminuyeron un 20% a 10.8 millones de dólares debido a retrasos en proyectos y finalización de una importante renovación en Europa. Los ingresos por servicios de mantenimiento aumentaron un 5% hasta 3.8 millones de dólares con márgenes de ganancia bruta mejorados. La empresa aseguró un nuevo contrato de 5 años por 25 millones de dólares para lámparas LED con un importante minorista. Orion revisó sus perspectivas de crecimiento de ingresos para el año fiscal 2025 a aproximadamente el 10%, en comparación con la anterior estimación del 10-15%, finalizando el segundo trimestre con 5.4 millones de dólares en efectivo.
오리온 에너지 시스템(NASDAQ: OESX)은 2025년 2분기 예상 매출이 1,940만 달러로, 2024년 2분기 2,060만 달러에서 감소했다고 발표했습니다. 첫 6개월 간 매출은 3,930만 달러에 도달하여, 지난해 3,820만 달러에서 증가했습니다. 전기차 충전 솔루션 매출은 40% 증가하여 470만 달러에 이르렀고, LED 조명 매출은 프로젝트 지연과 주요 유럽 리트로핏 완료로 인해 20% 감소한 1,080만 달러로 나타났습니다. 유지 관리 서비스 매출은 5% 증가해 380만 달러를 기록하며, 총이익률이 개선되었습니다. 이 회사는 주요 소매업체와 5년 2,500만 달러 계약을 체결했습니다. 오리온은 2025 회계연도의 매출 성장 전망을 이전의 10-15%에서 대략 10%로 수정하며, 2분기를 540만 달러의 현금으로 마감했습니다.
Orion Energy Systems (NASDAQ: OESX) a annoncé des revenus préliminaires pour le deuxième trimestre 2025 de 19,4 millions de dollars, en baisse par rapport aux 20,6 millions de dollars du deuxième trimestre 2024. Les revenus des six premiers mois ont atteint 39,3 millions de dollars, contre 38,2 millions de dollars l'année précédente. Les revenus des solutions de recharge pour véhicules électriques ont augmenté de 40 %, atteignant 4,7 millions de dollars, tandis que les revenus de l'éclairage LED ont diminué de 20 %, passant à 10,8 millions de dollars en raison de retards dans les projets et de l'achèvement d'une importante rénovation en Europe. Les revenus des services de maintenance ont augmenté de 5 % pour atteindre 3,8 millions de dollars, avec des marges brutes améliorées. L'entreprise a obtenu un nouveau contrat de 5 ans pour 25 millions de dollars pour des luminaires LED avec un grand détaillant. Orion a révisé ses prévisions de croissance des revenus pour l'exercice 2025 à environ 10 %, contre une estimation précédente de 10 à 15 %, terminant le deuxième trimestre avec 5,4 millions de dollars en liquidités.
Orion Energy Systems (NASDAQ: OESX) gab vorläufige Einnahmen für das zweite Quartal 2025 von 19,4 Millionen Dollar bekannt, ein Rückgang von 20,6 Millionen Dollar im zweiten Quartal 2024. Die Einnahmen in den ersten sechs Monaten erreichten 39,3 Millionen Dollar, im Vergleich zu 38,2 Millionen Dollar im Vorjahr. Die Einnahmen aus EV-Ladelösungen stiegen um 40% auf 4,7 Millionen Dollar, während die Einnahmen aus LED-Beleuchtung um 20% auf 10,8 Millionen Dollar sanken, bedingt durch Projektverzögerungen und den Abschluss eines großen europäischen Nachrüstprojekts. Die Einnahmen aus Wartungsdiensten erhöhten sich um 5% auf 3,8 Millionen Dollar mit verbesserten Bruttogewinnmargen. Das Unternehmen sicherte sich einen neuen 5-Jahres-Vertrag über 25 Millionen Dollar für LED-Beleuchtung bei einem großen Einzelhändler. Orion hat die Umsatzwachstumsprognose für das Geschäftsjahr 2025 auf etwa 10% revisioniert, gegenüber der vorherigen Schätzung von 10-15%, und schloss das zweite Quartal mit 5,4 Millionen Dollar in Bar ab.
- EV charging solutions revenue increased 40% to $4.7M
- Maintenance services revenue grew 5% to $3.8M with 2,290 basis points margin improvement
- Secured new 5-Year, $25M contract with major national retailer
- First six months revenue increased to $39.3M from $38.2M
- Overall Q2'25 revenue declined to $19.4M from $20.6M
- LED lighting revenue dropped 20% to $10.8M
- Downward revision of FY'25 revenue growth outlook from 10-15% to 10%
- Customer delays affecting project commencement
Insights
The preliminary Q2'25 results reveal mixed performance across Orion's business segments. Total revenue declined to
Key highlights include EV charging solutions growing
The maintenance services segment shows promising margin improvement with a
LOS ANGELES and MANITOWOC, Wis., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today announced unaudited preliminary revenue results for its fiscal 2025 second quarter (Q2’25) ended September 30, 2024, in anticipation of its participation today at the LD Micro Main Event XVII investor conference in Los Angeles. CEO Mike Jenkins and CFO Per Brodin will provide an overview presentation at the conference today at 8:30 a.m. PT / 11:30 a.m. ET (webcast details below) and will also be available for in person investor meetings.
Orion plans to report its Q2’25 results and hold a conference call on Wednesday, November 6th at 10.00 a.m. ET; call details will be announced in advance.
Q2’25 Preview
Orion reported preliminary Q2’25 revenue of approximately
- EV charging solutions revenue rose
40% to$4.7M compared to Q2’24, benefitting from Eversource Energy’s “EV Make Ready” program contracts and additional work for Boston Public Schools. - LED lighting revenue declined approximately
20% to$10.8M in Q2’25 vs. Q2’24, following the completion of a large European retrofit project in Q1’25. This project benefited the prior-year period versus no revenue in Q2’25. Due to customer delays, several projects did not yet commence in Q2’25 as anticipated but are expected to start in Q3’25 or Q4’25. Orion maintains a robust pipeline in the automotive, retail, technology, logistics/distribution, financial and public sectors, from a mix of existing and new customers. In addition, Orion recently secured a new 5-Year,$25M contract to supply LED lighting fixtures for new store construction projects for its largest customer, a major national retailer. - Maintenance services revenue rose
5% to$3.8M in Q2’25 compared to the year-ago quarter, delivering better than expected performance following the Q1’25 revenue decrease that resulted from the lapse of unprofitable customer contracts. Maintenance services gross profit percentage rebounded 2,290 basis points in Q2’25 from a negative margin in Q2’24. - Orion ended the quarter with cash of approximately
$5.4M after a$1M debt repayment on the Company’s bank facility in Q2’25.
FY 2025 Outlook Update
Principally reflecting project delays in the LED lighting business, Orion is revising its FY’25 revenue outlook to growth of approximately
LD Micro Conference Details:
Contact (registration@ldmicro.com) to register for the event and to schedule a meeting with Orion management.
Orion Online Presentation Access | |
Date/Time: | Tuesday, October 29th at 8:30 a.m. PT |
URL: | https://me24.sequireevents.com/ |
About Orion Energy Systems
Orion provides energy efficiency and clean tech solutions, including LED lighting and controls, electrical vehicle (EV) charging solutions, and maintenance services. Orion specializes in turnkey design-through-installation solutions for large national customers as well as projects through ESCO and distribution partners, with a commitment to helping customers achieve their business and environmental goals with healthy, safe and sustainable solutions that reduce their carbon footprint and enhance business performance.
Orion is committed to operating responsibly throughout all areas of our organization. Learn more about our Sustainability and Governance priorities, goals and progress here or visit our website at www.orionlighting.com.
Safe Harbor Statement
Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements will include words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "will," "would" or words of similar import. Similarly, statements that describe our future outlook, plans, expectations, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause results to differ materially from those expected, including, but not limited to, the following: (i) our ability to manage and respond to ongoing increasing pressures to reduce the selling price of our products driven largely by a return to a more normalized supply chain and reduction in shipping costs for our imported products, coupled with the related increase in competition from foreign competitors; (ii) our ability to regain and sustain our profitability and positive cash flows; (iii) our ability to achieve our budgeted revenue expectations for fiscal 2025; (iv) our dependence on a limited number of key customers, and the consequences of the loss of one or more key customers or suppliers, including key contacts at such customers; (v) our existing risk that liquidity and capital resources may not be sufficient to allow us to fund or sustain our growth; (vi) our ability to manage general economic, business and geopolitical conditions, including the impacts of natural disasters, pandemics and outbreaks of contagious diseases and other adverse public health developments; (vii) our ability to successfully launch, manage and maintain our refocused business strategy to successfully bring to market new and innovative product and service offerings; (viii) our ability to recruit, hire and retain talented individuals in all disciplines of our company; (ix) price fluctuations (including as a result of tariffs(, shortages or interruptions of component supplies and raw materials used to manufacture our products; (x) our risk of potential loss related to single or focused exposure within our current customer base and product offerings; (xi) our ability to maintain effective information technology systems security measures and manage risks related to cybersecurity; (xii) our ability to differentiate our products in a highly competitive and converging market, expand our customer base and gain market share; (xiii) our ability to manage and mitigate downward pressure on the average selling prices of our products as a result of competitive pressures in the light emitting diode (“LED”) market; (xiv) our ability to manage our inventory and avoid inventory obsolescence in a rapidly evolving LED market; (xv) our increasing reliance on third parties for the manufacture and development of products, product components, as well as the provision of certain services; (xvi) our increasing emphasis on selling more of our products through third party distributors and sales agents, including our ability to attract and retain effective third party distributors and sales agents to execute our sales model; (xvii) our ability to develop and participate in new product and technology offerings or applications in a cost effective and timely manner; (xviii) our ability to maintain safe and secure information technology systems; (xix) our ability to balance customer demand and production capacity; (xx) our ability to maintain an effective system of internal control over financial reporting; (xxi) our ability to defend our patent portfolio and license technology from third parties; (xxii) a reduction in the price of electricity; (xxiii) the reduction or elimination of investments in, or incentives to adopt, LED lighting or the elimination of, or changes in, policies, incentives or rebates in certain states or countries that encourage the use of LEDs over some traditional lighting technologies; (xxiv) our failure to comply with the covenants in our credit agreement; (xxv) the electric vehicle (‘EV”) market and deliveries of passenger and fleet vehicles may not grow as expected; (xxvi) incentives from governments or utilities may not materialize or may be reduced, which could reduce demand for EVs, or the portion of regulatory credits that customers claim may increase, which would reduce our revenue from such incentives; (xxvii) the cost to comply with, and the effects of, any current and future industry and government regulations, laws and policies; (xviii) potential warranty claims in excess of our reserve estimates; and (xxix) the other risks described in our filings with the Securities and Exchange Commission. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at http://www.sec.gov or at http://investor.oriones.com in the Investor Relations section of our Website.
Engage with Us
X: @OrionLighting and @OrionLightingIR
StockTwits: @OESX_IR
Investor Relations Contacts | |
Per Brodin, CFO | William Jones; David Collins |
Orion Energy Systems, Inc. | Catalyst IR |
pbrodin@oesx.com | (212) 924-9800 or OESX@catalyst-ir.com |
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