---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-001031"
form_type: "8-K"
ticker: "OESX"
cik: "0001409375"
company_name: "ORION ENERGY SYSTEMS, INC."
filed_at: "2023-01-23T23:59:59+00:00"
generated_at: "2026-06-20T11:38:01.077914+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Orion Energy Q3 FY2023 revenue ~$20M, below expectations; FY2023 guidance cut to $77-80M

## Summary
- Q3 FY2023 preliminary revenue ~$20M, sequential improvement from $17.6M in Q2 but down from $30.7M in Q3 last year.
- FY2023 revenue guidance lowered to $77M-$80M.
- FY2024 revenue growth expected to be 30% or more over FY2023.
- $50M decrease in business from largest customer (online retailer) in first nine months of FY2023.
- Financial liquidity ~$19M; operating cash flow positive in Q3.

## SEC filing metadata
- accession: 0000950170-23-001031
- form_type: 8-K
- ticker: OESX
- cik: 0001409375
- company_name: ORION ENERGY SYSTEMS, INC.
- filed_at: 2023-01-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409375/000095017023001031/0000950170-23-001031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409375/000095017023001031/oesx-20230123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-001031
- JSON: https://secwatch.observer/filing/0000950170-23-001031.json
- Plain text: https://secwatch.observer/filing/0000950170-23-001031.txt

## Key facts
- Earnings Releases
  ORION ENERGY SYSTEMS, INC. reported fiscal third quarter ended December 31, 2022 results: revenue $20M. Guidance lowered.
  - Period: fiscal third quarter ended December 31, 2022
  - Revenue: $20M
  - Guidance: lowered
  - Result: preliminary results
  source text: retail and industrial companies as well as public sector entities. Based on preliminary results, Orion expects to report: • Q3’23 revenue improved sequentially to approximately $20M vs. $17.6M in Q2’23, compared to $30.7M in Q3’22. • Q3’23 gross profit percentage of approximately 25% vs. 25.3% in Q2’23, compared to 24.9% in Q3’22. • Positive cash flow from
  evidence_url: https://www.sec.gov/Archives/edgar/data/1409375/000095017023001031/0000950170-23-001031-index.htm

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