---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-059772"
form_type: "8-K"
ticker: "OESX"
cik: "0001409375"
company_name: "ORION ENERGY SYSTEMS, INC."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T14:23:46.421471+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-059772
- form_type: 8-K
- ticker: OESX
- cik: 0001409375
- company_name: ORION ENERGY SYSTEMS, INC.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409375/000095017023059772/0000950170-23-059772-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409375/000095017023059772/oesx-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-059772
- JSON: https://secwatch.observer/filing/0000950170-23-059772.json
- Plain text: https://secwatch.observer/filing/0000950170-23-059772.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1409375/000095017023059772/0000950170-23-059772-index.htm

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