ORION ENERGY SYSTEMS (OESX) Company Report

Orion Energy Systems reported Q2 2026 revenue of $19.9 million, an increase from $19.4 million in Q2 2025, with gross profit significantly improving to 31% from 23.1% in the prior year.
The company achieved its fourth consecutive quarter of positive adjusted EBITDA at $0.5 million in Q2 2026, compared to a negative $1.4 million in Q2 2025, and saw its net loss improve to $0.6 million or $0.17 per share.
Orion reiterated its fiscal 2026 revenue growth expectation of 5% to approximately $84 million, with a goal to approach or achieve positive adjusted EBITDA for the full fiscal year.
Key segment performance included an 18% increase in Maintenance segment revenue to $4.5 million and EV charging solutions revenue of $4.8 million, which experienced a bounce back, alongside a three-year renewal with a major retailer for $42 million-$45 million in recurring revenue.

Nov 5, 2025, 3:00 PM

Transcript

Orion Energy Systems Reports Q2 2026 Results

OESX

Earnings

Guidance Update

Revenue Acceleration/Inflection

Orion Energy Systems, Inc. reported Q2 fiscal 2026 revenue of $19.9 million, an increase from $19.4 million in Q2 fiscal 2025.
The company's gross profit margin increased to 31.0% in Q2 fiscal 2026, up from 23.1% in Q2 fiscal 2025, primarily due to product and project mix and cost improvements across all three segments.
Net loss improved to $(0.6) million in Q2 fiscal 2026 compared to $(3.6) million in Q2 fiscal 2025, and Adjusted EBITDA was $0.5 million, marking the fourth consecutive quarter of positive adjusted EBITDA.
Orion reiterated its FY 2026 outlook for approximately 5% revenue growth to $84 million, expecting to approach or achieve positive adjusted EBITDA for the full fiscal year.

Nov 5, 2025, 12:00 PM

8-K

Orion Energy Systems Reports Q2 2026 Results and Reaffirms FY 2026 Outlook

OESX

Earnings

Guidance Update

Revenue Acceleration/Inflection

Orion Energy Systems reported Q2 2026 revenue of $19.9 million, an increase from $19.4 million in Q2 2025, with a gross profit margin of 31.0%, up 790 basis points year-over-year.
The company significantly improved its profitability, reporting a net loss of $(0.6) million in Q2 2026 compared to $(3.6) million in Q2 2025, and achieved positive adjusted EBITDA of $0.5 million, marking its fourth consecutive quarter of positive adjusted EBITDA.
Orion reiterated its FY 2026 outlook for revenue growth of approximately 5% to $84 million, anticipating approaching or achieving positive adjusted EBITDA for the full fiscal year.

Nov 5, 2025, 12:00 PM

Press Release

Orion Energy Systems Updates on Financials, Leadership, and Risks

OESX

Earnings

Management Change

Delisting/Listing Issues

Orion Energy Systems reported Q2 FY26 revenue of $19.9 million with a gross margin of 31.0%, while recording a net loss of $(581) thousand and EBITDA of $(269) thousand for the quarter.
The company appointed Sally Washlow as CEO and Scott Green as COO in April 2025.
Orion faces significant risks, including ongoing net losses and negative cash flow, and potential delisting from NASDAQ if it does not meet the minimum bid price requirement by September 15, 2025.
The company's offerings include LED Lighting Systems, Commercial and Industrial EV Charging Infrastructure Solutions, and related maintenance services, with $6.5+ million in annualized overhead reductions cited as an investment merit.

Nov 4, 2025, 11:00 PM

Presentation

Orion Energy Systems Announces $4.7M in New Engagements

OESX

New Projects/Investments

Revenue Acceleration/Inflection

Orion Energy Systems announced new LED lighting and Electrical Infrastructure engagements totaling over $4.7 million in revenue with two major enterprise customers.
The larger of the two engagements is valued at $3.6 million for installations and upgrades at a large enterprise's facilities.
The second engagement, valued at $1 million, is expected to be completed during Orion’s current fiscal year of FY 2026 and marks the start of a multi-year initiative, with Orion anticipating significantly more work from this customer.

Oct 28, 2025, 12:28 PM

Press Release

Orion Energy Systems (OESX) CFO Discusses Business Segments, Financials, and Growth Opportunities

OESX

Revenue Acceleration/Inflection

New Projects/Investments

Guidance Update

Orion Energy Systems (OESX) has a market capitalization of $32 million to $34 million with trailing 12-month sales of $79 million, resulting in a price-to-sales ratio of 0.34. The company optimized its cost structure by reducing $6.5 million in costs late last fiscal year, bringing its break-even point to approximately $80 million.
The company operates in three segments: LED lighting systems, commercial and industrial EV charging systems, and lighting and electrical maintenance. Its largest customer renewed a three-year contract for maintenance services, effective April 1.
The EV charging segment, primarily through the acquired Voltrek business, has grown from $7.5 million to $17 million last year. Despite a conservative outlook for the current year due to market "noise," the company expects to meet its guidance for this segment, driven by infrastructure needs.
The industrial and commercial LED market is estimated to be about 40% converted from fluorescent, with early adopters now upgrading to newer LED technology, offering a further 30-40% reduction in energy consumption.

Oct 21, 2025, 4:30 PM

Transcript

Orion Energy Systems Highlights Financials and Strategic Initiatives

OESX

Revenue Acceleration/Inflection

New Projects/Investments

CEO Change

Orion Energy Systems (OESX) reported trailing twelve-month sales of $79,000,000 and a price to sales ratio of 0.34%. The company optimized its cost structure by reducing $6,500,000 in costs late last fiscal year, bringing its breakeven point to approximately $80,000,000.
The company's diversified revenue streams include LED lighting, EV charging systems, and lighting and electrical maintenance, with recurring revenues in the maintenance segment. Its largest customer in the maintenance segment renewed a three-year contract effective April 1.
The EV charging segment, which includes the acquired company Voltrec, has grown from $7,500,000 to $17,000,000 last year. Orion offers turnkey solutions for both LED and EV charging projects, providing comprehensive services.
Sally Washlow was newly appointed as CEO in April.

Oct 21, 2025, 4:30 PM

Transcript

Orion Energy Systems Presents at Lithium Partners Fall 2025 Investor Conference

OESX

CEO Change

New Projects/Investments

Orion Energy Systems (OESX) presented at the Lithium Partners Fall 2025 Investor Conference, highlighting its diversified business across LED lighting, commercial and industrial EV charging infrastructure, and maintenance services.
The company reported a recent share price of $8.77, a market cap of $31 million, and trailing 12-month sales of just under $80 million.
Key investment merits include $6.5 million in annualized overhead reductions to unlock operating leverage, recurring revenue capabilities, and a gross margin that reached 30% in the most recent quarter.
Sally Washlow was appointed CEO in April 2025, and the company leverages 15 years of expertise in the EV charging segment, managing 7,300 charging ports.

Sep 30, 2025, 7:30 PM

Transcript

Orion Energy Systems Highlights Financial Performance, Strategic Growth, and New Projects at Conference

OESX

New Projects/Investments

Revenue Acceleration/Inflection

Management Change

Orion Energy Systems (OESX) reported trailing 12-month sales of approximately $80 million and has achieved gross margin improvements approaching 30% over recent quarters, alongside over $6.5 million in annualized overhead reductions.
The company was recently awarded an $11 million electrical infrastructure project for exterior LED lighting and EV charging, with a substantial portion of the revenue expected to be recognized in FY26, which ends March 31, 2026.
OESX emphasizes its diversified revenue streams across LED lighting, commercial and industrial EV charging infrastructure, and maintenance services, with a strategic focus on recurring revenue capabilities and leveraging its U.S.-based manufacturing for compliance advantages.
Sally Washlow was appointed Chief Executive Officer in April 2025, having previously served on the Board of Directors since 2022.

Sep 16, 2025, 3:00 PM

Transcript

Orion Energy Systems Expands Voltrek Division to Southeastern U.S.

OESX

New Projects/Investments

Hiring

Orion Energy Systems' Voltrek division is expanding its EV Charging and Electrical Infrastructure field sales and service presence to the Southeastern United States, establishing a new office in Jacksonville, FL.
This expansion marks Voltrek's entry into its third U.S. region and will be led by William B. Rigsby, who has a 15-year track record in the EV charging industry.
The initiative responds to continuing demand and aligns with federal guidance on allocating $5 billion in public funds for EV charging locations, of which 84% is still to be allocated.