Orion Q2 revenue $20.6M (+17% YoY); net loss widens to $4.4M; maintains FY2024 outlook

ORION ENERGY SYSTEMS, INC.

2023-Q2 EPS reported -$0.34 revenue$38,199,000

Q2'24 revenue $20.6M vs $17.6M a year ago; EV charging solutions contributed $3.4M vs $0.
Net loss ($4.4M), or ($0.14) per share, vs ($2.3M), ($0.07) in Q2'23; adjusted EBITDA ($2.2M) vs ($1.5M).
Gross margin on services fell to -2.4% from 18.8% due to inflationary pressures on legacy fixed-price contracts.
Maintains FY2024 revenue growth guidance of 30%+ to ~$100M, with bulk of increase in 2H.
Cash and equivalents $4.0M; $8.9M net availability on credit facility at quarter end.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ORION ENERGY SYSTEMS, INC. reported fiscal 2024 second quarter (Q2'24) ended September 30, 2023 results: revenue $20.6, net income ($4.4), EPS ($0.14). Guidance reaffirmed.

Period: fiscal 2024 second quarter (Q2'24) ended September 30, 2023
Revenue: $20.6
Net income: ($4.4)
EPS: ($0.14)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

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’s Q2’24 Revenue Rose 17% to $20.6M; Maintains 30% Revenue Growth Outlook for FY 2024 Manitowoc, WI – November 7, 2023 – Orion Energy Systems, Inc. (NASDAQ: OESX) ( Orion Lighting ), a provider of energy-efficient

View on SEC.gov

Browse all earnings releases →

ORION ENERGY SYSTEMS, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-059772

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.