---
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"
generated_at: "2026-06-14T06:28:01.680589+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Orion Energy reports FY2023 revenue $77.4M, net loss $34.3M; guides FY2024 revenue ~$100M

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1409375/000095017023026532/0000950170-23-026532-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409375/000095017023026532/oesx-20230607.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-026532
- JSON: https://secwatch.observer/filing/0000950170-23-026532.json
- Plain text: https://secwatch.observer/filing/0000950170-23-026532.txt

## Key facts
- Earnings Releases
  ORION ENERGY SYSTEMS, INC. reported fiscal 2023 fourth quarter ended March 31, 2023 results: revenue $21.6M, net income ($5.1M), EPS ($0.16).
  - Period: fiscal 2023 fourth quarter ended March 31, 2023
  - Revenue: $21.6M
  - Net income: ($5.1M)
  - EPS: ($0.16)
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1409375/000095017023026532/0000950170-23-026532-index.htm
- Earnings Releases
  ORION ENERGY SYSTEMS, INC. reported fiscal year 2024 results: revenue approximately $100M. Guidance reaffirmed.
  - Period: fiscal year 2024
  - Revenue: approximately $100M
  - Guidance: reaffirmed
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1409375/000095017023026532/0000950170-23-026532-index.htm
- Earnings Releases
  ORION ENERGY SYSTEMS, INC. reported fiscal year 2023 ended March 31, 2023 results: revenue $77.4M, net income ($34.3M), EPS ($1.08).
  - Period: fiscal year 2023 ended March 31, 2023
  - Revenue: $77.4M
  - Net income: ($34.3M)
  - EPS: ($1.08)
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1409375/000095017023026532/0000950170-23-026532-index.htm

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