secwatch.observer — SEC 8-K summary
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Issuer:     ORION ENERGY SYSTEMS, INC. (OESX)
CIK:        0001409375
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0000950170-23-002249
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orion Q3 FY23 revenue $20.3M, net loss $24.1M; reiterates FY24 30% growth outlook
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- Q3 revenue $20.3M vs $30.7M YoY; net loss $24.1M ($0.75/sh) vs net income $1.1M ($0.04/sh) YoY.
- Net loss includes $17.8M non-cash tax valuation allowance and $1.5M Voltrek earnout accrual.
- Adj. EBITDA -$1.6M vs +$2.1M YoY; expects Q4 strongest quarter, FY23 rev $77-80M.
- Reiterates FY24 revenue growth of 30%+; Voltrek EV charging on track for $3-5M H2 rev.
- Largest customer business decreased $50M YTD; liquidity $19.4M (cash $8.1M + $11.3M credit).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409375/000095017023002249/0000950170-23-002249-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409375/000095017023002249/oesx-20230209.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-002249

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