---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-022911"
form_type: "8-K"
ticker: "OESX"
cik: "0001409375"
company_name: "ORION ENERGY SYSTEMS, INC."
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T03:13:48.222150+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Orion Energy posts Q2 net loss of $2.3M on revenue of $17.6M, down 52% YoY

## Summary
- Net loss of $2.3M (EPS -$0.08) vs. net income of $3.7M ($0.12) in Q2'22, driven by customer project delays and cancellations.
- Revenue fell to $17.6M from $36.5M; gross margin contracted 430 bps to 25.3% due to lower fixed cost absorption.
- Adjusted EBITDA was -$1.5M, down from $4.0M in the prior-year quarter; cash & equivalents $12.5M.
- FY2023 revenue guidance reaffirmed at $90M-$110M; CEO cites re-engaging customers for H2 projects.

## SEC filing metadata
- accession: 0000950170-22-022911
- form_type: 8-K
- ticker: OESX
- cik: 0001409375
- company_name: ORION ENERGY SYSTEMS, INC.
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409375/000095017022022911/0000950170-22-022911-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409375/000095017022022911/oesx-20221108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-022911
- JSON: https://secwatch.observer/filing/0000950170-22-022911.json
- Plain text: https://secwatch.observer/filing/0000950170-22-022911.txt

## Key facts
- Earnings Releases
  ORION ENERGY SYSTEMS, INC. reported fiscal 2023 second quarter ended September 30, 2022 results: revenue $17.6M, net income ($2.3M), EPS ($0.08) per share. Guidance reaffirmed.
  - Period: fiscal 2023 second quarter ended September 30, 2022
  - Revenue: $17.6M
  - Net income: ($2.3M)
  - EPS: ($0.08) per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Orion Energy Systems Reports Q2 Revenue of $17.6M, Gross Profit Percentage of 25.3% and Reiterates FY’23 Revenue Outlook of $90M to $110M
  evidence_url: https://www.sec.gov/Archives/edgar/data/1409375/000095017022022911/0000950170-22-022911-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.