Welcome to our dedicated page for Orion Energy Systems news (Ticker: OESX), a resource for investors and traders seeking the latest updates and insights on Orion Energy Systems stock.
Orion Energy Systems, Inc. (NASDAQ: OESX) is a leading developer, manufacturer, and seller of energy-efficient LED lighting and energy management systems. Headquartered in Manitowoc, Wisconsin, Orion has successfully positioned itself at the forefront of the clean tech industry, transforming commercial and industrial buildings with state-of-the-art lighting solutions.
Core Business Segments
- Orion Services Group (OSG): The company's primary revenue generator, dedicated to developing and selling advanced lighting products, construction, and engineering services for commercial lighting and energy management. OSG also provides maintenance, repair, and replacement services for lighting and related electrical components.
- Orion Distribution Services Division (ODS): Focuses on distributing Orion’s lighting and energy management products through various channels.
- Orion U.S. Markets Division (USM): Specializes in serving U.S.-based customers with a wide range of lighting and energy solutions.
- Orion Electric Vehicle Charging Systems: Focuses on providing comprehensive EV charging solutions, including Level 2 and Level 3 chargers, through its Voltrek division.
Recent Achievements and Projects
Orion has recently reported significant growth in its fiscal 2024 third quarter, with revenue increasing by 28% to $26.0 million. Key drivers include large LED lighting projects and an increase in maintenance services revenue. Orion's CEO, Mike Jenkins, highlighted ongoing projects such as a large European retrofit, external lighting for a major customer, and multiple endeavors for national retail and logistics clients.
In addition, Orion's Voltrek division has secured contracts worth over $11 million for EV charging solutions under the Eversource “EV Make Ready” program, showcasing the company's strong market position and commitment to sustainable infrastructure.
Financial Health
Despite a net loss in fiscal 2024, Orion's financial outlook remains positive. The company ended the third quarter with $45.7 million in current assets and a working capital of $15.0 million. Orion generated $1.0 million in operating cash during the quarter, reflecting robust operational performance.
Commitment to Sustainability
Orion is dedicated to operating responsibly across all areas of its organization. The company’s initiatives in energy efficiency and clean tech solutions aim to help customers achieve their business and environmental goals, reduce their carbon footprint, and enhance business performance.
Learn more about Orion Energy Systems and its ESG priorities, goals, and progress on their website.
Orion Energy Systems (NASDAQ: OESX) reported Q1'25 results with revenue rising 13% to $19.9M, driven by strength in EV charging projects. Key highlights include:
- EV charging solutions revenue grew over 200% to $3.8M
- LED lighting revenue increased 1% to $12.8M
- Maintenance services revenue declined 11% to $3.3M
- Gross profit increased to $4.3M with a 21.6% margin
- Net loss improved to ($3.8M) or ($0.12) per share
The company maintains its FY 2025 revenue growth target of 10-15%, expecting continued momentum in EV charging and LED lighting segments. Orion's CEO, Mike Jenkins, emphasized the strong competitive position in EV infrastructure and ongoing opportunities in LED lighting retrofits.
Orion Energy Systems (NASDAQ: OESX), a provider of energy-efficient LED lighting, EV charging solutions, and maintenance services, has scheduled its fiscal 2025 first quarter (Q1'25) results conference call and webcast for Wednesday, August 7, 2024, at 10:00 a.m. ET. The company will release its results before the market opens on the same day.
Investors can access the call via toll-free dial-in at (800) 715-9871 or (646) 307-1963 using ID# 5328422. A webcast replay will be available at https://edge.media-server.com/mmc/p/r5d8p33v. Orion specializes in turnkey design-through-installation solutions for large national customers and projects through ESCO and distribution partners, focusing on helping clients achieve their business and environmental goals.
Orion Energy Systems (NASDAQ: OESX), a provider of LED lighting and EV charging solutions, is set to participate in the Noble Capital Markets' Virtual Equity Conference on June 26, 2024. CEO Mike Jenkins and CFO Per Brodin will present and take part in a fireside Q&A session at 12:30 p.m. ET. The management team will be available for virtual investor meetings throughout the day. The event will be accessible online, and a video webcast will be available for 90 days post-event on www.channelchek.com.
Orion Energy Systems (NASDAQ: OESX) reported a 22% increase in Q4'24 revenue to $26.4M and a 17.1% rise in FY 2024 revenue to $90.6M. The growth was driven by significant gains in LED lighting, EV charging, and maintenance services. LED lighting revenue increased 13.1% in Q4'24 and 8.0% for the year, aided by projects like the DOD project in Germany.
EV charging revenue surged 42.1% in Q4'24 and nearly doubled for the year due to the acquisition of Voltrek. Maintenance services also saw a 37.4% increase in Q4'24 and 17.8% for the year. Gross profit rose to $6.8M in Q4'24 from $4.7M the previous year, with a gross margin increase to 25.8%. CEO Mike Jenkins anticipates a 10-15% revenue growth in FY 2025, driven by LED lighting, EV charging, and new regulatory mandates.
Orion Energy Systems (NASDAQ: OESX), a leader in energy-efficient LED lighting and EV charging solutions, will host a conference call and webcast to discuss its Q4 and FY 2024 financial results on Thursday, June 6, 2024, at 10:00 a.m. ET. Results will be published before the market opens that day.
Participants can access the webcast via the provided link or register for the live call to receive a dial-in number and unique PIN. The call is integral for understanding Orion's financial performance, strategic developments, and future outlook.
Orion Energy Systems (NASDAQ: OESX), a leader in energy-efficient LED lighting and EV charging stations, has previewed its fiscal 2024 fourth quarter and full-year results. The company reported a preliminary Q4'24 revenue of $26.4M, a 22% increase from Q4'23, and a full-year revenue of $90.6M, up 17% from FY 2023. LED lighting revenue increased to $16.3M in Q4'24, driven by projects like a U.S. Department of Defense initiative in Europe. EV charging solutions and maintenance services revenue also rose to $4.9M and $5.2M, respectively. Orion anticipates slightly positive adjusted EBITDA for Q4'24, a significant improvement from the negative adjusted EBITDA in Q4'23. Their fiscal 2024 results will be formally reported on June 6, 2024, with a conference call at 10:00 a.m. ET, following their Singular Research Webinar on May 22, 2024, at 3:00 p.m. ET.
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