secwatch.observer — SEC 8-K summary
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Issuer:     ORION ENERGY SYSTEMS, INC. (OESX)
CIK:        0001409375
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0000950170-22-022911
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409375/000095017022022911/0000950170-22-022911-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409375/000095017022022911/oesx-20221108.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-022911

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