Orion Q2 FY2025 revenue $19.4M, net loss $3.6M; EV charging grows 40%

ORION ENERGY SYSTEMS, INC.

2024-Q2 EPS reported -$0.23 revenue$39,267,000

Revenue $19.4M vs $20.6M YoY; net loss $(3.6)M or $(0.11)/share, improvement from $(4.4)M loss in Q2'24.
EV charging revenue up 40% to $4.7M on Eversource and Boston Public Schools work.
LED lighting revenue down 20% to $10.8M due to project delays; expects rebound in H2.
Maintenance services gross margin rebounded 2,290 bps from negative to positive; $0.3M restructuring costs.
Secured new 5-year $25M LED lighting contract with largest national retailer customer.

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