secwatch.observer — SEC 8-K summary
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Issuer:     ORION ENERGY SYSTEMS, INC. (OESX)
CIK:        0001409375
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0000950170-24-121807
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409375/000095017024121807/0000950170-24-121807-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409375/000095017024121807/oesx-20241106.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-121807

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