---
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"
generated_at: "2026-06-11T21:44:19.205855+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Orion Energy Q1 revenue $17.6M (-2% YoY), net loss widens to $6.6M; maintains FY24 30% growth outlook

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1409375/000095017023040154/0000950170-23-040154-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409375/000095017023040154/oesx-20230809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-040154
- JSON: https://secwatch.observer/filing/0000950170-23-040154.json
- Plain text: https://secwatch.observer/filing/0000950170-23-040154.txt

## Key facts
- Earnings Releases
  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.
  - Period: fiscal 2024 first quarter (Q1'24) ended June 30, 2023
  - Revenue: $17.6
  - Net income: ($6.6M)
  - EPS: ($0.21) per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1409375/000095017023040154/0000950170-23-040154-index.htm

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