Orion Energy Q1 revenue up 13% to $19.9M; net loss narrows to $3.8M; maintains FY25 growth target of 10-15%

ORION ENERGY SYSTEMS, INC.

2024-Q1 EPS reported -$0.12 revenue$19,906,000

Revenue $19.9M (+13% YoY), led by EV charging segment up 209% to $3.8M.
Net loss improved to ($3.8M) or ($0.12) per share vs ($6.6M) or ($0.21) in Q1'24.
Maintains FY2025 consolidated revenue growth target of 10-15%, weighted to second half.
Secured $3.525M mortgage on HQ and amended credit facility to enhance liquidity.
Maintenance revenue fell 11% to $3.3M due to non-renewal of legacy contracts; gross profit improved to 3.8%.

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