earnings
confidence high
sentiment positive
materiality 0.70
Orion Energy FY2025 revenue falls 12% to $79.7M; guides FY2026 to ~$84M, targeting positive EBITDA
ORION ENERGY SYSTEMS, INC.
- Q4'25 net loss ($2.9M) vs net income $1.6M in Q4'24; FY25 net loss ($11.8M) unchanged from FY24.
- Gross margin improved to 27.5% in Q4 (+170 bps) and 25.4% in FY (+230 bps); adjusted EBITDA positive in Q4 at $0.2M.
- EV charging revenue up 37% to $16.8M in FY; LED lighting revenue down 22% to $47.7M; maintenance down 11% to $15.2M.
- Cash increased to $6.0M from $5.2M; reduced credit facility by $3.0M to $7.0M; extended facility to June 2027.
- FY2026 outlook: ~$84M revenue (+5%), aiming for positive full-year adjusted EBITDA; Voltrek earnout restructured.
item 2.02item 9.01