{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-026532","form_type":"8-K","ticker":"OESX","cik":"0001409375","company_name":"ORION ENERGY SYSTEMS, INC.","filed_at":"2023-06-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.744992+00:00","generated_at":"2026-06-14T06:28:01.680589+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Orion Energy reports FY2023 revenue $77.4M, net loss $34.3M; guides FY2024 revenue ~$100M","bullets":["FY2023 revenue $77.4M, down 38% from $124.4M in FY2022; net loss $34.3M ($1.08/share) vs net income $6.1M ($0.19/share) prior year.","Q4 FY2023 revenue $21.6M, net loss $5.1M ($0.16/share); adjusted EBITDA for FY2023 was ($7.6M) vs $9.7M in FY2022.","Maintenance services revenue rose 152% to $14.6M; EV charging (Voltrek) contributed $6.3M in H2 FY2023.","FY2024 guidance: revenue growth of 30%+ to approximately $100M, with heavier weighting in second half.","Liquidity $23.2M ($16M cash + $7.2M credit facility); plans to reduce LED inventory by ~$5M in H1 FY2024."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-026532","json":"https://secwatch.observer/filing/0000950170-23-026532.json","markdown":"https://secwatch.observer/filing/0000950170-23-026532.md","text":"https://secwatch.observer/filing/0000950170-23-026532.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1409375/000095017023026532/0000950170-23-026532-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1409375/000095017023026532/oesx-20230607.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T06:28:01.680589+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"968e2385d7d51c10b60b01a079ecc5347d0890bc","claim":"ORION ENERGY SYSTEMS, INC. reported fiscal 2023 fourth quarter ended March 31, 2023 results: revenue $21.6M, net income ($5.1M), EPS ($0.16).","evidence_excerpt":"Revenue $21.6 $22.1 ($0.5) $77.4 $124.4 ($47.0) Gross profit $4.7 $5.3 ($0.6) $17.5 $33.9 ($16.4) Gross profit % 21.9% 23.8% (190 bps) 22.6% 27.3% (470 bps) Net (loss) (1)(2) ($5.1) ($1.2) ($3.9) ($34.3) $6.1 ($40.3) Net (loss) per share (1)(2) ($0.16) ($0.04) ($0.12) ($1.08) $0.19 ($1.27)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1409375/000095017023026532/0000950170-23-026532-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2023 fourth quarter ended March 31, 2023"},{"label":"Revenue","value":"$21.6M"},{"label":"Net income","value":"($5.1M)"},{"label":"EPS","value":"($0.16)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e872c8282d1dfde38fca3b0d876e7073bd59fbd0","claim":"ORION ENERGY SYSTEMS, INC. reported fiscal year 2024 results: revenue approximately $100M. Guidance reaffirmed.","evidence_excerpt":"Orion continues to expect FY 2024 revenue growth of 30% or more to approximately $100M, with a greater proportion of revenue expected in the second half.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1409375/000095017023026532/0000950170-23-026532-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year 2024"},{"label":"Revenue","value":"approximately $100M"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"f949e245e843d067e72afc6ec0dda494f202db3b","claim":"ORION ENERGY SYSTEMS, INC. reported fiscal year 2023 ended March 31, 2023 results: revenue $77.4M, net income ($34.3M), EPS ($1.08).","evidence_excerpt":"As expected, FY 2023 revenue of $77.4M declined from $124.4M in FY 2022, due primarily to lower revenue from the company’s largest customer and a global online retailer, as well as from delays in the start of certain large LED retrofit projects, some of which commenced in Q4’23 and Q1’24. • Orion grew FY 2023 revenue outside of its largest customer and a global online retailer by approximately 11% versus FY 2022. This performance reflected progress in diversifying Orion’s customer base and revenues across its LED Lighting, electrical maintenance, and EV charging solutions businesses. • Maintenance services revenue rose 152% to $14.6M in FY 2023 versus $5.8M in FY 2022. • EV charging solutions contributed initial revenue of $6.3M in Orion’s FY 2023 second half, reflecting the Voltrek acquisition in the first week of Q3’23. • Orion’s FY 2023 net loss of ($34.3M), or ($1.08) per share, included a $17.8M non-cash tax charge to record a valuation allowance against Deferred Tax Assets and a","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1409375/000095017023026532/0000950170-23-026532-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year 2023 ended March 31, 2023"},{"label":"Revenue","value":"$77.4M"},{"label":"Net income","value":"($34.3M)"},{"label":"EPS","value":"($1.08)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}