Orion Achieves Positive Operating Income and Continued Growth in Revenue and Profitability in Q3 2026; Reiterates Increase in FY 2026 Expectation and Establishment of FY 2027 Outlook
Rhea-AI Summary
Orion Energy Systems (NASDAQ: OESX) reported Q3 FY2026 revenue of $21.1M versus $19.6M a year ago, gross margin of 30.9%, and positive operating income. Adjusted EBITDA was 3.6%, the fifth consecutive positive quarter. The company reiterated FY2026 revenue guidance of $84M–$86M and established a FY2027 outlook of $95M–$97M with positive adjusted EBITDA.
Segment highlights: EV charging revenue grew strongly, maintenance revenue increased, and Orion secured multi‑year contracts including a large retailer engagement valued at an estimated $42M–$45M.
Positive
- Total revenue up to $21.1M in Q3’26 from $19.6M in Q3’25 (+$1.5M)
- Gross profit margin improved to 30.9% (+150 bps year-over-year)
- Adjusted EBITDA positive at 3.6%, fifth consecutive quarter of positive adjusted EBITDA
- EV charging revenue nearly doubled to $4.7M in Q3’26 (+96% year-over-year)
- Secured a large retail multi-year maintenance contract valued at an estimated $42M–$45M
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
OESX was down 3.81% while peers showed mixed performance: several names like FLUX, EPOW, CCTG and IPWR were negative, but APWC was positive. With both declines and gains among peers and no momentum flags, the move appears more stock-specific than sector-driven.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 03 | EV contract win | Positive | -3.2% | Announced $4.0M EV charging project for Boston Public Schools fleet electrification. |
| Jan 30 | Equity offering priced | Negative | -17.4% | Firmly underwritten stock offering of 500,000 shares at $14.00 for $7.0M gross. |
| Jan 29 | Offering proposed | Negative | +6.3% | Proposed underwritten equity offering primarily to repay credit-facility borrowings. |
| Jan 22 | Earnings call notice | Neutral | -1.6% | Scheduled Q3 FY2026 investor call and webcast with results before market open. |
| Jan 20 | Major contract, guidance | Positive | +8.8% | Announced $14M–$15M lighting project, raised FY26 guidance and issued FY27 outlook. |
Recent news shows mixed market reactions: strong positive moves on large contract/guidance updates but negative reactions around equity offerings and even some positive EV-contract news.
Over the past few weeks, Orion has combined capital-raising with operational wins. On Jan 20, it announced a major retail lighting project and raised FY26/FY27 revenue guidance, which saw a positive price reaction. This was followed by a proposed and then priced equity offering on Jan 29–30, both aimed at paying down credit-facility debt, with volatile reactions including a sharp drop after pricing. Additional EV charging contract news on Feb 3 drew a negative move. Today’s Q3 earnings formalize earlier preliminary figures and updated outlooks already telegraphed to the market.
Market Pulse Summary
This announcement highlights Orion’s continued operational turnaround, with Q3’26 revenue of $21.1M, gross margin of 30.9%, and net income of $0.2M plus $0.8M of adjusted EBITDA, marking a fifth consecutive positive adjusted EBITDA quarter. Management reiterated higher FY2026 revenue guidance of $84M–$86M and an FY2027 outlook of $95M–$97M. Investors may track execution on large lighting and maintenance contracts, EV charging growth, cost discipline, and cash generation against this expanded outlook.
Key Terms
adjusted EBITDA financial
revolving credit facility financial
bps financial
AI-generated analysis. Not financial advice.
MANITOWOC, Wisc., Feb. 05, 2026 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today reported results for its fiscal 2026 third quarter (Q3’26) ended December 31, 2025.
Orion’s Q3’26 revenue was
Additionally, Orion reiterated its January 20 announcement of its increase in the Company’s FY 2026 revenue outlook to a range of between
Orion is scheduled to discuss these results in an investor call today at 10:00 a.m. ET (details below).
Webcast and Call Details
Date / Time: Thursday, February 5th at 10:00 a.m. ET
Live Call Registration: https://register-conf.media-server.com/register/BI63bbb3933201416d81cb80366383d9a3
Live call participants must pre-register using the URL above to receive the dial-in information. Anyone can re-register if they lose the dial-in or PIN #.
Webcast & Replay: https://edge.media-server.com/mmc/p/aufdmr86
Q3 Financial Performance
| Q3 Financial Summary | Prior Three Quarters | ||||||
| $ in millions except per share figures | Q3’26 | Q3’25 | Change | Q2'26 | Q1’26 | Q4'25 | |
| LED Lighting Revenue | $12.1 | - | |||||
| EV Charging Revenue | $4.7 | ||||||
| Maintenance Revenue | $4.4 | ||||||
| Total Revenue | $21.1 | + | |||||
| Gross Profit | $6.5 | + | |||||
| Gross Profit % | 30.9% | +150 bps | |||||
| Net Income (Loss)(1)(2) | $0.2 | + | |||||
| Net Income (Loss) per share(1)(2) | $0.04 | + | |||||
| Adjusted EBITDA(3) | $0.8 | + | |||||
| (1) Voltrek earnout expenses were (2) Q1’25 and Q2’25 also included (3) Adjusted EBITDA reconciliation provided below. | |||||||
Commentary from CEO Sally Washlow
“I am delighted to report my second full quarter as CEO of Orion, and it’s especially gratifying to report this particular quarter.
“Our announcement a couple of weeks ago — increasing our growth and profitability outlook for FY 2026 and setting up-and-to-the-right expectations for FY 2027 — was a significant milestone for this company. It was a quantitative illustration that the disciplined right-sizing and intensified focus on profitable growth in our current fiscal year is already showing results in this same fiscal year.
“The hallmarks of Q3 were continued improvements in growth, profitability and market expansion. We expect this trend to continue in Q4 — and in the forthcoming fiscal year.
“Q3 featured numerous customer wins, engagement extensions and project expansions, including:
“We were awarded a
“This large customer wasn’t the only one awarding us multi-million-dollar/multi-year engagements in Q3. Our October 28 news release announced
— The EV Charging segment experienced strong performance in Q3, buoyed by fleet installations.
— In Maintenance, the large retailer’s
“In Operations, we continued to maintain Gross Margin of about
“As we pointed out in our previous earnings announcement, there are tailwinds in all of our addressable markets. And we are demonstrating that we are not just riding those tailwinds. We are beginning to generate them.”
Financial Results
Orion reported Q3’26 revenue of
- LED lighting revenue decreased approximately
8% to$12.1M compared to$13.2M in Q3’25, reflecting decreased sales activity in the ESCO channel and turnkey business partially offset by growth in the distribution channel. Orion’s expanded project pipeline as well as efforts to drive growth in all of its lighting channels are expected to contribute to higher FY’26 LED lighting revenue compared to FY’25 - Maintenance services revenue increased
13% to$4.4M in Q3’26 from$3.9M in Q3’25, reflecting the benefit of new customer contracts as well as the expansion of certain existing customer relationships. - EV charging solutions revenue was
$4.7M compared to$2.4M in Q3’25, reflecting the variability in timing of larger projects. - Orion’s Q3’26 gross profit percentage was
30.9% versus29.4% in Q3’25 primarily due to pricing and cost improvements across all three segments.
Total operating expenses declined to
Primarily reflecting stronger gross margin and lower operating expenses, Orion’s Q3’26 net income improved to
Balance Sheet and Cash Flow
Orion has generated
Orion ended the quarter with current assets of
About Orion Energy Systems
Orion provides energy efficiency and clean tech solutions, including LED lighting and controls, electrical vehicle (EV) charging solutions, and maintenance services. Orion specializes in turnkey design-through-installation solutions for large national customers as well as projects through ESCO and distribution partners, with a commitment to helping customers achieve their business and environmental goals with healthy, safe, and sustainable solutions that reduce their carbon footprint and enhance business performance.
Orion is committed to operating responsibly throughout all areas of our organization. Learn more about our sustainability and governance priorities, goals and progress on our website at www.orionlighting.com.
Non-GAAP Measures
In addition to the GAAP results included in this presentation, Orion has also included the non-GAAP measures, EBITDA (earnings before interest, taxes, depreciation and amortization), and Adjusted EBITDA (EBITDA adjusted for stock-based compensation, acquisition related costs, deferred financing costs, restructuring and severance costs, asset impairment and, earnout expenses). The Company has provided these non-GAAP measures to help investors better understand its core operating performance, enhance comparisons of core operating performance from period to period, and allow better comparisons of operating performance to its competitors. Among other things, management uses these non-GAAP measures to evaluate the performance of the business and believes these measurements enable it to make better period-to-period evaluations of the financial performance of core business operations. The non-GAAP measurements are intended only as a supplement to the comparable GAAP measurements and Orion compensates for the limitations inherent in the use of non-GAAP measurements by using GAAP measures in conjunction with the non-GAAP measurements. As a result, investors should consider these non-GAAP measurements in addition to, and not in substitution for or as superior to, measurements of financial performance prepared in accordance with generally accepted accounting principles.
Consistent with Regulation G under the U.S. federal securities laws, the non-GAAP measures in this press release have been reconciled to the nearest GAAP measures, and this reconciliation is located under the heading “Unaudited EBITDA Reconciliation” following the Unaudited Condensed Consolidated Statements of Cash Flows included in this press release.
Safe Harbor Statement
Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements will include words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "will," "would" or words of similar import. Similarly, statements that describe our future outlook, plans, expectations, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause results to differ materially from those expected, including, but not limited to, the following: (i) our existing liquidity and capital resources may not be sufficient to allow us to fund or sustain our working capital requirements or pay our contractual or debt obligations; (ii) our payment of our remaining Voltrek acquisition earnout obligations may involve either payments in cash or our issuance of our common stock, which could materially affect our liquidity and/or result in significant dilution to our shareholders; (iii) the amount of our remaining Voltrek acquisition earnout is subject to resolution by an independent accounting firm, and such finally determined earnout amount may exceed our current accrued liability for such earnout amount and could materially affect our liquidity; (iv) we may need to raise additional equity capital or subordinated or convertible debt to provide us with additional liquidity and capital resources to help fund our operations, pay our senior debt obligations and pay our remaining Voltrek earnout obligations; (v) over the past several years, we have incurred substantial net losses and negative cash flow, and if these trends continue, our liquidity and financial condition will be further materially adversely affected; (vi) we are experiencing ongoing increasing pressures to reduce the selling price of our lighting products and incur the related negative impact on our gross margins, driven largely by the ongoing increase in competition from foreign competitors; (vii) if we are unable to comply with NASDAQ’s minimum bid price requirement, including by effecting a reverse stock split, prior to September 15, 2025, our common stock may be delisted from NASDAQ; (viii) a reverse stock split may result in decreased trading volume and liquidity for our shares; (ix) our ability to achieve our budgeted fiscal 2026 revenue expectations, and related public fiscal 2026 revenue guidance, will have a significant impact on our cash flow and stock price and ability to fund our operations and satisfy our debt obligations; (x) government tariffs and other actions have adversely affected, and may continue to adversely affect, our business, resulting in increased costs and reduced gross margins; (xi) the reduction or elimination of incentives from the United States government for investments in electric vehicle (“EV”) charging infrastructure may reduce demand for public EV charging products, in addition to reducing overall demand for EVs; (xii) we do not have major sources of recurring revenue, and we depend upon a limited number of customers in any given period to generate a substantial portion of our revenue. The reduction of revenue from our most significant customer over the past several fiscal years has had, and the potential future loss of other significant customers or a major customer would likely have, a materially adverse effect on our results of operations, financial condition and cash flows; (xiii) the reduction or elimination of investments in, or incentives to adopt, light emitting diode (“LED”) lighting or the elimination of, or changes in, policies, incentives or rebates in certain states or countries that encourage the use of LEDs over some traditional lighting technologies, including due to federal funding restrictions in the United States, could cause the demand for our lighting products to slow; (xiv) we are currently implementing a new ERP system, which will involve substantial cost and potential disruption to our normal operations, and our inability to successfully manage the implementation of our new ERP system could adversely affect our ability to operate our business and otherwise negatively affect our financial reporting and the effectiveness of our internal control over financial reporting; (xv) a substantial portion of our revenues is derived from major project-based retrofit work that is awarded through a competitive bid process. It is generally difficult to predict the timing of projects that will be awarded, which can impact our ability to achieve our expected financial results; (xvi) our continued emphasis on indirect distribution channels to sell our products and services to supplement our direct distribution channels has had limited success to date; (xvii) goodwill and other intangibles acquired through acquisitions could be impacted by our continued net losses and low levels of liquidity, thus resulting in a potential valuation impairment; (xviii) our products use components and raw materials that may be subject to price fluctuations, shortages or interruptions of supply, particularly resulting from tariffs and other trade restrictions; (xix) we increasingly rely on third-party manufacturers for the manufacture and development of our products and product components; (xx) we are subject to the risk of a cybersecurity breach; (xxi) macroeconomic pressures in the markets in which we operate may adversely affect our financial results; (xxii) adverse conditions in the global economy have negatively impacted, and could in the future negatively impact, our customers, suppliers and business; (xxiii) the success of our LED lighting retrofit solutions depends, in part, on our ability to claim market share away from our competitors; and (xxiv) the other risks described in our filings with the Securities and Exchange Commission. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at http://www.sec.gov or at http://investor.oriones.com in the Investor Relations section of our website.
Engage with Us
X: @OrionLighting and @OrionLightingIR
StockTwits: @OESX_IR
| Investor Relations Contacts | |
| Per Brodin, CFO | Robert Ferri |
| Orion Energy Systems, Inc. | Robert Ferri Partners |
| pbrodin@oesx.com | (415) 575-1589 or ir@oesx.com |
| ORION ENERGY SYSTEMS, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except share and per share amounts) | ||||||||||||||||
| Three Months Ended December 31, | Nine Months Ended December 31, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| Product revenue | $ | 14,639 | $ | 14,308 | $ | 40,964 | $ | 39,442 | ||||||||
| Service revenue | 6,450 | 5,276 | 19,619 | 19,409 | ||||||||||||
| Total revenue | 21,089 | 19,584 | 60,583 | 58,851 | ||||||||||||
| Cost of product revenue | 9,780 | 9,347 | 27,379 | 26,809 | ||||||||||||
| Cost of service revenue | 4,802 | 4,483 | 14,619 | 17,541 | ||||||||||||
| Total cost of revenue | 14,582 | 13,830 | 41,998 | 44,350 | ||||||||||||
| Gross profit | 6,507 | 5,754 | 18,585 | 14,501 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| General and administrative | 3,385 | 3,857 | 11,487 | 12,970 | ||||||||||||
| Sales and marketing | 2,499 | 2,859 | 7,291 | 8,644 | ||||||||||||
| Research and development | 237 | 287 | 676 | 840 | ||||||||||||
| Total operating expenses | 6,121 | 7,003 | 19,454 | 22,454 | ||||||||||||
| Income (loss) from operations | 386 | (1,249 | ) | (869 | ) | (7,953 | ) | |||||||||
| Other income (expense): | ||||||||||||||||
| Interest expense | (203 | ) | (255 | ) | (652 | ) | (800 | ) | ||||||||
| Amortization of debt issue costs | (51 | ) | (49 | ) | (152 | ) | (155 | ) | ||||||||
| Royalty income | 46 | 45 | 49 | 61 | ||||||||||||
| Interest income | — | 1 | — | 1 | ||||||||||||
| Total other expense | (208 | ) | (258 | ) | (755 | ) | (893 | ) | ||||||||
| Income (loss) before income tax | 178 | (1,507 | ) | (1,624 | ) | (8,846 | ) | |||||||||
| Income tax expense | 18 | 1 | 41 | 44 | ||||||||||||
| Net income (loss) | $ | 160 | $ | (1,508 | ) | $ | (1,665 | ) | $ | (8,890 | ) | |||||
| Basic net income (loss) per share | $ | 0.05 | $ | (0.46 | ) | $ | (0.48 | ) | $ | (2.71 | ) | |||||
| Weighted-average common shares outstanding | 3,540,765 | 3,292,332 | 3,457,481 | 3,278,711 | ||||||||||||
| Diluted net income (loss) per share | $ | 0.04 | $ | (0.46 | ) | $ | (0.48 | ) | $ | (2.71 | ) | |||||
| Weighted-average common shares and share equivalents outstanding | 3,637,008 | 3,292,332 | 3,457,481 | 3,278,711 | ||||||||||||
| ORION ENERGY SYSTEMS, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except share amounts) | ||||||||
| December 31, 2025 | March 31, 2025 | |||||||
| Assets | ||||||||
| Cash and cash equivalents | $ | 4,721 | $ | 5,972 | ||||
| Accounts receivable, net | 13,249 | 12,845 | ||||||
| Revenue earned but not billed | 3,611 | 3,350 | ||||||
| Inventories, net | 9,866 | 11,392 | ||||||
| Prepaid expenses and other current assets | 1,356 | 1,939 | ||||||
| Total current assets | 32,803 | 35,498 | ||||||
| Property and equipment, net | 7,367 | 8,026 | ||||||
| Goodwill | 1,484 | 1,484 | ||||||
| Other intangible assets, net | 2,770 | 3,379 | ||||||
| Other long-term assets | 3,827 | 4,076 | ||||||
| Total assets | $ | 48,251 | $ | 52,463 | ||||
| Liabilities and Shareholders’ Equity | ||||||||
| Accounts payable | $ | 14,522 | $ | 13,272 | ||||
| Accrued expenses and other | 8,717 | 12,728 | ||||||
| Deferred revenue, current | 190 | 491 | ||||||
| Current maturities of long-term debt | 803 | 353 | ||||||
| Total current liabilities | 24,232 | 26,844 | ||||||
| Revolving credit facility | 5,750 | 7,000 | ||||||
| Long-term debt, less current maturities | 3,291 | 2,971 | ||||||
| Deferred revenue, long-term | 281 | 337 | ||||||
| Other long-term liabilities | 2,858 | 3,427 | ||||||
| Total liabilities | 36,412 | 40,579 | ||||||
| Commitments and contingencies | ||||||||
| Shareholders’ equity: | ||||||||
| Preferred stock, December 31, 2025 and March 31, 2025; no shares issued and outstanding at December 31, 2025 and March 31, 2025 | — | — | ||||||
| Common stock, no par value: Shares authorized: 20,000,000 at December 31, 2025 and March 31, 2025; shares issued: 4,314,582 at December 31, 2025 and 4,247,023 at March 31, 2025; shares outstanding: 3,552,077 at December 31, 2025 and 3,298,389 at March 31, 2025 | — | — | ||||||
| Additional paid-in capital | 163,345 | 163,025 | ||||||
| Treasury stock, common shares: 762,505 at December 31, 2025 and 948,634 at March 31, 2025 | (34,948 | ) | (36,248 | ) | ||||
| Accumulated deficit | (116,558 | ) | (114,893 | ) | ||||
| Total shareholders’ equity | 11,839 | 11,884 | ||||||
| Total liabilities and shareholders’ equity | $ | 48,251 | $ | 52,463 | ||||
| ORION ENERGY SYSTEMS, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) | ||||||||
| Nine Months Ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| Operating activities | ||||||||
| Net loss | $ | (1,665 | ) | $ | (8,890 | ) | ||
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||||
| Depreciation | 714 | 959 | ||||||
| Amortization of intangible assets | 612 | 754 | ||||||
| Stock-based compensation | 320 | 822 | ||||||
| Amortization of debt issue costs | 152 | 155 | ||||||
| Gain on sale of property and equipment | — | 91 | ||||||
| Provision for inventory reserves | 339 | 115 | ||||||
| Provision for credit losses | 45 | 65 | ||||||
| Other | 2 | 197 | ||||||
| Changes in operating assets and liabilities: | ||||||||
| Accounts receivable | (449 | ) | 1,723 | |||||
| Revenue earned but not billed | (261 | ) | 2,353 | |||||
| Inventories | 1,187 | 4,462 | ||||||
| Prepaid expenses and other assets | 681 | 1,792 | ||||||
| Accounts payable | 1,253 | (4,938 | ) | |||||
| Accrued expenses and other | (2,165 | ) | 1,668 | |||||
| Deferred revenue, current and long-term | (358 | ) | (30 | ) | ||||
| Net cash provided by operating activities | 407 | 1,298 | ||||||
| Investing activities | ||||||||
| Purchases of property and equipment | (58 | ) | (48 | ) | ||||
| Additions to patents and licenses | (3 | ) | (7 | ) | ||||
| Proceeds from sale of property and equipment | — | 189 | ||||||
| Net cash (used in) provided by investing activities | (61 | ) | 134 | |||||
| Financing activities | ||||||||
| Payment of debt | (264 | ) | (116 | ) | ||||
| Proceeds from debt | — | 3,525 | ||||||
| Proceeds from revolving credit facility | 1,250 | — | ||||||
| Payments of revolving credit facility | (2,500 | ) | (2,500 | ) | ||||
| Issuance of treasury stock | 300 | — | ||||||
| Costs incurred related to issuance of subordinated debt | (383 | ) | — | |||||
| Proceeds from employee equity exercises | — | 1 | ||||||
| Net cash (used in) provided by financing activities | (1,597 | ) | 910 | |||||
| Net (decrease) increase in cash and cash equivalents | (1,251 | ) | 2,342 | |||||
| Cash and cash equivalents at beginning of period | 5,972 | 5,155 | ||||||
| Cash and cash equivalents at end of period | $ | 4,721 | $ | 7,497 | ||||
| Supplemental cash flow information: | ||||||||
| Cash paid for interest | $ | 639 | $ | 772 | ||||
| Supplemental disclosure of non-cash investing and financing activities: | ||||||||
| Issuance of common stock to Final Frontier, LLC as partial payment of earnout obligation | $ | 1,000 | $ | — | ||||
| Issuance of subordinated debt for earnout obligation | $ | 1,388 | $ | — | ||||
| ORION ENERGY SYSTEMS, INC. AND SUBSIDIARIES UNAUDITED EBITDA RECONCILIATION (in thousands) | ||||||||||||||||||||
| Three Months Ended | ||||||||||||||||||||
| December 31, 2025 | September 30, 2025 | June 30, 2025 | March 31, 2025 | December 31, 2024 | ||||||||||||||||
| Net income (loss) | $ | 160 | $ | (581 | ) | $ | (1,244 | ) | $ | (2,912 | ) | $ | (1,508 | ) | ||||||
| Interest | 203 | 280 | 169 | 220 | 254 | |||||||||||||||
| Taxes | 18 | 10 | 13 | (1 | ) | 1 | ||||||||||||||
| Depreciation | 206 | 263 | 244 | 385 | 278 | |||||||||||||||
| Amortization of intangible assets | 126 | 247 | 240 | 315 | 259 | |||||||||||||||
| Amortization of debt issue costs | 51 | 50 | 51 | 51 | 49 | |||||||||||||||
| EBITDA | 764 | 269 | (527 | ) | (1,942 | ) | (667 | ) | ||||||||||||
| Stock-based compensation | (3 | ) | 157 | 166 | 335 | 180 | ||||||||||||||
| Deferred cost write-off for ATM | — | — | — | 385 | — | |||||||||||||||
| Sign-on bonus | — | — | 500 | — | — | |||||||||||||||
| Restructuring costs | — | — | — | — | 20 | |||||||||||||||
| Severance | — | 25 | 66 | 948 | 20 | |||||||||||||||
| Impairment on assets | — | — | — | 20 | — | |||||||||||||||
| Earnout expenses | — | — | — | 480 | 479 | |||||||||||||||
| Adjusted EBITDA | 761 | 451 | 205 | 226 | 32 | |||||||||||||||
FAQ
What were Orion Energy Systems (OESX) Q3 FY2026 results for revenue and margin?
What did Orion (OESX) report for adjusted EBITDA and operating income in Q3 FY2026?
How did Orion's EV charging and maintenance segments perform in Q3 FY2026 (OESX)?
What FY2026 and FY2027 guidance did Orion (OESX) provide on February 5, 2026?
What material contracts did Orion (OESX) announce in Q3 FY2026 and what is their scale?
