Highest-materiality recent filing
Orion shareholders approve amended incentive plan, increase share pool to 900k
Shareholders approved Amended 2016 Omnibus Incentive Plan; share pool increased from 600,000 to 900,000 shares.
Orion Energy Q1 FY2027: Revenue $25.7M (+32%), net income $2.0M, adj. EBITDA $2.5M
Revenue $25.7M, up 32% YoY; gross margin 34.6% (+450 bps).
Orion FY2026 rev $86.3M +8% YoY; Q4 adj EBITDA $0.8M; guides FY2027 $95-97M rev
FY2026 revenue $86.3M (+8% YoY); net loss narrowed to $3.2M from $11.8M; adj EBITDA $2.2M vs -$2.9M.
Preliminary FY26 revenue of $86M and adjusted EBITDA of at least $2M; FY27 guidance reaffirmed at $95-97M revenue and positive adjusted EBITDA.
Orion reiterates FY2026 rev $84-86M, FY2027 rev $95-97M; positive adj. EBITDA
FY2026 revenue outlook $84-86M with positive adjusted EBITDA; FY2027 revenue $95-97M with positive adjusted EBITDA.
Orion settles Voltrek earnout dispute for $3M cash; solar PPA exit adds $1.3M offset
Paid $3.0M to Final Frontier on March 18, 2026, settling earnout claims that had been for ~$10M (claimant), $1.4M (company), with arbitrator at $3.4M.
Orion Energy posts Q3 profit, revenue $21.1M; raises FY26 guidance and sets FY27 outlook
Q3'26 revenue $21.1M (up 7.7% YoY); net income $0.2M vs loss $1.5M; adjusted EBITDA $0.8M (from $0.0M).
Orion Energy Systems closes $7M public offering of 500k shares at $14.00 to repay debt
500,000 shares sold at $14.00 each; gross proceeds ~$7.0M, net ~$6.4M after discounts and expenses.
Orion raises FY26 revenue guidance, awarded $14M-$15M LED project, expects positive Q3 net income
FY26 Q3 preliminary revenue ~$21M, with positive net income and positive adjusted EBITDA.
Orion Energy reinstates CEO Washlow's $500K signing bonus, $300K stock purchase
Cash signing bonus of $500,000 reinstated; $300,000 to purchase common stock directly from the company.
Orion Q2 FY2026: Revenue $19.9M, net loss $(0.6)M from $(3.6)M, positive adjusted EBITDA
Revenue $19.9M (up from $19.4M YoY); gross margin 31.0% vs 23.1%, up 790 bps.
Orion Energy restructures Voltrek earnout into senior subordinated loan of up to $3M
Paid $875k cash to Final Frontier in full settlement of FY2024 earnout; issued $1M in stock for FY2025 earnout.
Orion Energy regains Nasdaq minimum bid price compliance via reverse split
Received Nasdaq notice on Sept 8, 2025 confirming regained compliance with Minimum Bid Price Rule.
Orion Energy Systems announces 1:10 reverse stock split effective Aug 22, 2025
Reverse split at 1:10 ratio; shares outstanding drop from ~35.2M to ~3.5M.
Orion Energy shareholders approve reverse stock split and special option grant for new CEO
Elected directors Otten and Washlow with over 90% support.
Orion Q1 revenue $19.6M (-2% YoY); gross margin 30.1%, adjusted EBITDA positive $0.2M
Net loss improved to $1.2M ($0.04 loss per share) from $3.8M a year ago.
Orion Energy FY2025 revenue falls 12% to $79.7M; guides FY2026 to ~$84M, targeting positive EBITDA
Q4'25 net loss ($2.9M) vs net income $1.6M in Q4'24; FY25 net loss ($11.8M) unchanged from FY24.
CEO Sally Washlow's $500K cash signing bonus deferred for up to one year due to company's current financial condition.
Orion Energy Systems finalizes CEO replacement; Jenkins receives $633K severance
Michael H. Jenkins replaced as CEO effective April 14, 2025; also resigned from board.
Michael H. Jenkins replaced as CEO effective April 14, 2025; had served since November 2022.
OESX granted 180-day extension to meet Nasdaq $1 minimum bid price rule
Nasdaq granted Orion Energy an additional 180-day compliance period until September 15, 2025.
Orion Energy Q3 revenue $19.6M (-25% YoY); cuts FY25 outlook to $77-83M; NEOs/board take 10% pay cut
Q3 revenue $19.6M vs $26.0M YoY; net loss improved to -$1.5M (-$0.05/sh) from -$2.3M.
Orion Q2 FY2025 revenue $19.4M, net loss $3.6M; EV charging grows 40%
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.
Orion Energy extends credit facility maturity to June 2027 with Bank of America
Revolving Credit Line and Term Loan maturity extended from Dec 29, 2025 to June 30, 2027.
Orion Energy pre-announces Q2 FY25 revenue of ~$19.4M, cuts FY25 growth outlook to ~10%
Q2 FY25 revenue ~$19.4M vs $20.6M a year ago; H1 FY25 revenue ~$39.3M vs $38.2M.
Orion Energy Systems receives Nasdaq bid price deficiency notice; 180-day cure period
Received Nasdaq notice on Sept 20, 2024 for failing to maintain $1.00 minimum bid price for 30 consecutive business days.
Orion Energy Systems reports 2024 annual meeting voting results; all proposals approved
Three Class II directors (Richstone, Shapiro, Wishart-Smith) elected with over 90% of votes cast.
Revenue $19.9M (+13% YoY), led by EV charging segment up 209% to $3.8M.
Orion regains Nasdaq compliance with minimum bid price rule after ten days above $1.00
Received Nasdaq notice on June 18, 2024 that it regained compliance with Bid Price Rule 5550(a)(2).
Orion Energy Q4 revenue $26.4M (+22%), net income $1.6M; FY25 revenue growth target 10-15%
Q4'24 revenue $26.4M (+22.1% YoY); LED lighting $16.3M (+13%), EV charging $4.9M (+42%), maintenance $5.2M (+37%).
Orion previews Q4 revenue $26.4M (+22% YoY); FY24 revenue $90.6M (+17%)
LED lighting segment Q4 revenue $16.3M (vs $14.4M Q4'23), driven by turnkey retrofits including DoD project.
Added $3.525M mortgage loan secured by headquarters property in Manitowoc, Wisconsin.
Orion Energy receives Nasdaq delisting notice for bid price non-compliance
Nasdaq notified Orion that its stock failed to maintain minimum $1.00 bid price for 30 consecutive business days.
Orion Energy Q3 revenue up 28% to $26M, net loss narrows; reaffirms FY24 outlook of $90M-$95M
Q3'24 revenue $26.0M (+28% YoY); LED lighting revenue rose to $18.5M from $14.2M.
Orion Energy regains Nasdaq compliance with $1.00 minimum bid price requirement
Received Nasdaq notice on Jan 26, 2024 confirming compliance with Bid Price Rule (5550(a)(2)).
Orion Energy Q3 prelim revenue ~$26M (+28% YoY); cuts FY24 outlook to $90M-$95M
Preliminary Q3 revenue $25.8M-$26.2M, up ~28% from $20.3M in Q3'23.
Orion Energy Systems receives Nasdaq bid price non-compliance notice; cure deadline June 18, 2024
Nasdaq notified Orion on Dec 21, 2023 that its stock closed below $1.00 for 30 consecutive business days.
Orion Q2 revenue $20.6M (+17% YoY); net loss widens to $4.4M; maintains FY2024 outlook
Q2'24 revenue $20.6M vs $17.6M a year ago; EV charging solutions contributed $3.4M vs $0.
Orion Energy shareholders approve 2.5M share increase in incentive plan; re-elect directors
Shareholders approved Amended 2016 Omnibus Incentive Plan, increasing share pool from 3.5M to 6M shares (2.5M increase), term extended to 2033.
Q1 revenue $17.6M vs $17.9M YoY; lighting $12.6M, maintenance $3.8M, EV charging $1.2M.
Orion Energy reports FY2023 revenue $77.4M, net loss $34.3M; guides FY2024 revenue ~$100M
FY2023 revenue $77.4M, down 38% from $124.4M in FY2022; net loss $34.3M ($1.08/share) vs net income $6.1M ($0.19/share) prior year.
Orion Energy appoints Richard Shapiro to board under Kanen cooperation agreement
Richard A. Shapiro appointed to board as Class II director effective March 7, 2023, term expiring at 2024 annual meeting.
Orion Q3 FY23 revenue $20.3M, net loss $24.1M; reiterates FY24 30% growth outlook
Q3 revenue $20.3M vs $30.7M YoY; net loss $24.1M ($0.75/sh) vs net income $1.1M ($0.04/sh) YoY.
Director Charles McDulin resigns from Orion Energy board; replacement search underway
Charles McDulin resigned from the board on Jan 27, 2023, due to his resignation from Kanen Wealth Management.
Orion Energy Q3 FY2023 revenue ~$20M, below expectations; FY2023 guidance cut to $77-80M
Q3 FY2023 preliminary revenue ~$20M, sequential improvement from $17.6M in Q2 but down from $30.7M in Q3 last year.
Orion Energy adds board member from activist Kanen Wealth Management under cooperation agreement
Kanen Wealth Management owns ~5.3% of OESX; agreement appoints Charles McDulin as Class II director through 2024 annual meeting.
Director Williamson retires; board adds Jenkins and amends bylaws
Director Mark C. Williamson retired Nov 10, 2022 after 13+ years; previously lead independent director.
Orion Energy posts Q2 net loss of $2.3M on revenue of $17.6M, down 52% YoY
Net loss of $2.3M (EPS -$0.08) vs. net income of $3.7M ($0.12) in Q2'22, driven by customer project delays and cancellations.
Orion Energy Systems holds 2022 annual meeting; all proposals passed with >95% support
Directors Anthony L. Otten and Sally A. Washlow elected with over 98% of votes cast.
Orion Energy Systems CEO Altschaefl to Retire; Jenkins Appointed; Q1 Revenue Falls
CEO Michael Altschaefl to retire Nov 10, 2022; will remain director until 2023 annual meeting, then consulting until Dec 31, 2023
Michael H. Jenkins, the Company’s Chief Executive Officer, had been replaced as Chief Executive Officer of the Company effective as of April 14, 2025
Mr. Jenkins also resigned as a member of the Company’s board of directors
Michael H. Jenkins, the Company’s Chief Executive Officer, has been replaced as Chief Executive Officer of the Company (the “Termination Date”).
the Company also announced its Board’s appointment of Sally A. Washlow as the Company’s new Chief Executive Officer, effective as of Mr. Jenkins’ Termination Date.
Effective on March 7, 2023, the Board of Directors (the “Board”) of Orion Energy Systems, Inc. (the “Company”) appointed Richard A. Shapiro to the Board.
On January 30, 2023, Orion Energy Systems, Inc. (the “Company”) announced that Charles McDulin resigned from the Company’s board of directors (the “Board”) on January 27, 2023.
On January 3, 2023, the Board increased the size of the Board to six (6) members and appointed Charles McDulin to the Board.
the Board size was just increased from five to six members to accommodate the addition of Michael H. Jenkins to the Board effective November 10, 2022
On November 10, 2022, Mark C. Williamson, a long-standing non-employee director of the Board of Directors (the “Board”) of Orion Energy Systems, Inc. (the “Company”), informed the Board that he decided to voluntarily retire from his position as a director of the Company, effective as of the end of the day on November 10, 2022 (the “Retirement Date”).
Anthony L. Otten, the Company’s current lead independent director, will begin serving as the Company’s independent Board Chair immediately after the Company’s 2022 annual shareholders meeting on August 4, 2022
the Company also announced the appointment of Michael H. Jenkins as the Company’s new Chief Executive Officer, effective as of Mr. Altschaefl’s Retirement Date.
In connection with Mr. Jenkins’ hiring, Scott A. Green, the Company’s current Executive Vice President and Chief Operating Officer, is being promoted to Executive Vice President of the Company and President of Orion Services Group.
Max materiality 0.90 · Median 0.70 · Most common event earnings