---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-011956"
form_type: "8-K"
ticker: "OESX"
cik: "0001409375"
company_name: "ORION ENERGY SYSTEMS, INC."
filed_at: "2024-02-07T23:59:59+00:00"
generated_at: "2026-06-06T06:52:52.900197+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Orion Energy Q3 revenue up 28% to $26M, net loss narrows; reaffirms FY24 outlook of $90M-$95M

## Summary
- Q3'24 revenue $26.0M (+28% YoY); LED lighting revenue rose to $18.5M from $14.2M.
- Net loss improved to $2.3M ($0.07/share) from $24.1M ($0.75) prior year, which included a $17.8M non-cash tax charge.
- Gross margin expanded 95 bps to 24.5%; operating expenses fell to $8.4M from $9.4M.
- Reaffirmed FY2024 revenue guidance of $90M-$95M; preliminary FY2025 growth target 10-15%.
- Ended Q3 with $5.0M cash and $12.5M credit availability, total liquidity $17.5M.

## SEC filing metadata
- accession: 0000950170-24-011956
- form_type: 8-K
- ticker: OESX
- cik: 0001409375
- company_name: ORION ENERGY SYSTEMS, INC.
- filed_at: 2024-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1409375/000095017024011956/0000950170-24-011956-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409375/000095017024011956/oesx-20240207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-011956
- JSON: https://secwatch.observer/filing/0000950170-24-011956.json
- Plain text: https://secwatch.observer/filing/0000950170-24-011956.txt

## Key facts
- Earnings Releases
  ORION ENERGY SYSTEMS, INC. reported fiscal 2024 third quarter (Q3'24) ended December 31, 2023 results: revenue $26.0, net income ($2.3), EPS ($0.07). Guidance reaffirmed.
  - Period: fiscal 2024 third quarter (Q3'24) ended December 31, 2023
  - Revenue: $26.0
  - Net income: ($2.3)
  - EPS: ($0.07)
  - Guidance: reaffirmed
  - Result: reported results
  source text: A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. --- EX-99.1 (EX-99.1) --- EX-99.1 EXHIBIT 99.1 Orion’s Q3’24 Revenue Rose 28% to $26M on Strength in LED Lighting; Reiterates Revenue Growth Outlook of $90M-$95M for FY 2024 Manitowoc, WI – February 7, 2024 – Orion Energy Systems, Inc. (NASDAQ: OESX) ( Orion
  evidence_url: https://www.sec.gov/Archives/edgar/data/1409375/000095017024011956/0000950170-24-011956-index.htm

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