secwatch.observer — SEC 8-K summary
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Issuer:     ORION ENERGY SYSTEMS, INC. (OESX)
CIK:        0001409375
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0000950170-24-011956
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409375/000095017024011956/0000950170-24-011956-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409375/000095017024011956/oesx-20240207.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-011956

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer