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Orion Energy Systems Inc (OESX) delivers innovative LED lighting, EV charging infrastructure, and energy management solutions for commercial and industrial sectors. This page provides investors and industry stakeholders with authoritative updates on the company’s latest developments.
Access real-time press releases, financial announcements, and operational milestones to stay informed about OESX’s advancements in energy-efficient technologies. Track updates across key areas including product launches, strategic partnerships, and regulatory compliance initiatives that shape the company’s market position.
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Orion Energy Systems (NASDAQ: OESX) reported FY'25 results with revenue of $79.7M, down 12% from FY'24, but achieved improved gross margins of 25.4% (+230 bps). The company's EV charging segment grew 37% to $16.8M, while LED lighting revenue declined 22% to $47.7M.
For FY'26, Orion projects 5% revenue growth to approximately $84M and expects to approach positive adjusted EBITDA. The company secured new contracts with $100M-$200M potential revenue over five years and implemented cost reductions to lower its EBITDA breakeven point. Cash position improved to $6.0M, with reduced credit facility borrowings of $7.0M.
Orion Energy Systems (NASDAQ: OESX) is showcasing its energy-efficient LED lighting products at LightFair 2025 in Las Vegas, highlighting recent success with ESCO partners and U.S. government agencies. The company has secured several major projects, including:
Through ESCO partners:
- A national bank project across 400 sites ($2M-$3M potential revenue)
- Multinational logistics company project for 50-60 sites ($4M-$5M potential)
- Cabinet manufacturer project across 4-5 facilities ($1M+ potential)
- Farm and Ranch retailer project for 50+ locations ($1M+ estimated FY'26 revenue)
Government projects include LED lighting and electrical infrastructure improvements for 23+ U.S. facilities, with combined revenue potential exceeding $7M, mostly to be completed in the current fiscal year. Orion manufactures BAA-compliant LED lighting fixtures in Manitowoc, WI.
Orion Energy Systems (NASDAQ: OESX) will showcase its USA-manufactured LED lighting products at LightFair 2025 in Las Vegas from May 6-8 at Booth #1811. The company emphasizes its domestic manufacturing advantage amid industry challenges related to pricing and delivery lead times.
CEO Sally Washlow highlights that Orion's Wisconsin-manufactured LED lighting products remain unaffected by current tariff-related volatility. The company will display its complete lighting product line, demonstrating its flexible supply chain capabilities.
Additionally, Orion will host an informal investor gathering at their booth on May 6th at 11:00 a.m. PT, where CEO Sally Washlow will meet with investors and address questions. Interested investors should RSVP through Orion's IR team.
Orion Energy Systems (OESX) has appointed Board member Sally A. Washlow as CEO, replacing Michael H. Jenkins. The company also promoted Scott Green to Chief Operating Officer from his previous role as EVP and President of Orion Services Group.
The LED lighting and EV charging solutions provider expects revenue near the midpoint of its $77M - $83M outlook range for fiscal year ending March 31, 2025. The Board believes new leadership is necessary to better focus on revenue growth, cost containment, and returning to consistent profitability.
Washlow, who joined Orion's Board in 2022, brings over 25 years of experience, including her previous role as President of Cobra Electronics and CEO of Cedar Electronics. Green, with nearly thirty years of lighting industry experience, will oversee sales and project management functions as COO.
Orion Energy Systems (OESX) has begun implementing a $3 million turnkey LED lighting installation project for a federal government agency in the Southeastern United States. The project encompasses BAA-compliant LED lighting retrofit systems, electrical infrastructure upgrades, and project management services.
The installation is scheduled for completion in the first half of Orion's FY'26, with potential for expanded project scope. This initiative follows Orion's recent $9.6 million LED lighting retrofit project for the Department of Defense in Europe, building on their 20+ year relationship with federal entities.
Orion Energy Systems (NASDAQ: OESX) reported Q3'25 results with total revenue of $19.6M, down from $26.0M in Q3'24. Despite lower revenue, the company achieved significant improvements in gross margin, reaching 29.4% (+490 bps), and reduced its net loss to $1.5M from $2.3M year-over-year.
The company has secured new business contracts with potential revenue of $100M to $200M over five years, expecting $14M to $24M in FY2026. Orion announced a business reorganization into two Commercial Business Units effective April 1, 2025, focusing on Solutions and Partners segments.
Due to project timing changes, Orion reduced its FY'25 revenue outlook to $77M-$83M. The company implemented cost reductions, including a $1.5M annualized savings plan and a 10% salary reduction for senior management until business performance improves. Cash position improved to $7.5M in Q3'25 from $5.4M in Q2'25, with a $1.5M reduction in credit facility borrowings.
Orion Energy Systems (NASDAQ: OESX), a provider of energy-efficient LED lighting, controls, EV charging station solutions, and maintenance services, has scheduled its fiscal 2025 third quarter (Q3'25) earnings conference call and webcast for Tuesday, February 11, 2025, at 10:00 a.m. ET.
The company will release its financial results before the market opens on the same day. Participants interested in joining the live call must pre-register through the provided registration URL to receive dial-in information. The presentation will also be available via webcast, with replay options accessible through the company's provided media server link.
Orion Energy Systems (NASDAQ: OESX) has secured a three-year contract with a nationwide Energy Service Company (ESCO) partner, starting January 2025. The agreement is expected to generate $5-$10 million annually. Orion has been selected as one of three approved suppliers for turnkey lighting projects across the ESCO's customer network.
The comprehensive service package includes site visits, lighting audits, fixture manufacturing, project management, installation, and commissioning of LED lighting and control systems. The contract expansion reflects Orion's proven expertise in delivering high-efficiency products and managing complex turnkey projects.
Orion Energy Systems (NASDAQ: OESX) has announced a new partnership with a major energy management service provider that serves over 6,500 customer locations nationwide. The collaboration is expected to generate $2-$5 million in annual revenue, with initial revenue anticipated in Q4 fiscal 2025 (ending March 31, 2025).
Under this partnership, Orion will provide facility lighting audits, lighting retrofit installations, and ongoing maintenance support. The company aims to improve energy efficiency and sustainability while enhancing lighting quality for the service provider's customer base. CEO Michael Jenkins emphasized the company's experience in delivering comprehensive lighting retrofit programs as a key factor in securing this partnership.
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