{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-040154","form_type":"8-K","ticker":"OESX","cik":"0001409375","company_name":"ORION ENERGY SYSTEMS, INC.","filed_at":"2023-08-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.824620+00:00","generated_at":"2026-06-11T21:44:19.205855+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 Q1 revenue $17.6M (-2% YoY), net loss widens to $6.6M; maintains FY24 30% growth outlook","bullets":["Q1 revenue $17.6M vs $17.9M YoY; lighting $12.6M, maintenance $3.8M, EV charging $1.2M.","Net loss $6.6M ($0.21/sh) vs $2.8M ($0.09/sh) YoY; adjusted EBITDA loss $4.4M vs $2.9M.","Gross margin fell to 18.0% from 19.8% due to negative services margin (-11.2%) from legacy contracts.","FY2024 revenue growth outlook of 30%+ to ~$100M, with larger projects ramping in Q2.","Cash $8.2M, liquidity $16.8M; used $7.3M cash from ops; $10M borrowings on credit facility."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-040154","json":"https://secwatch.observer/filing/0000950170-23-040154.json","markdown":"https://secwatch.observer/filing/0000950170-23-040154.md","text":"https://secwatch.observer/filing/0000950170-23-040154.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1409375/000095017023040154/0000950170-23-040154-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1409375/000095017023040154/oesx-20230809.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T21:44:19.205855+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":"124fbed10c3b34cb61dbaddcd1ab58114c0376c1","claim":"ORION ENERGY SYSTEMS, INC. reported fiscal 2024 first quarter (Q1'24) ended June 30, 2023 results: revenue $17.6, net income ($6.6M), EPS ($0.21) per share. Guidance reaffirmed.","evidence_excerpt":"to this Current Report on Form 8-K. --- EX-99.1 (EX-99.1) --- EX-99.1 EXHIBIT 99.1 LED Lighting, Maintenance and EV Charging Solutions Provider Orion Reports Q1’24 Revenue of $17.6M; Maintains 30% Revenue Growth Outlook for FY 2024 Manitowoc, WI – August 9, 2023 – Orion Energy Systems, Inc. (NASDAQ: OESX) ( Orion Lighting ), a provider of energy-efficient","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1409375/000095017023040154/0000950170-23-040154-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2024 first quarter (Q1'24) ended June 30, 2023"},{"label":"Revenue","value":"$17.6"},{"label":"Net income","value":"($6.6M)"},{"label":"EPS","value":"($0.21) per share"},{"label":"Guidance","value":"reaffirmed"},{"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"}