Welcome to our dedicated page for Orion Energy Sys news (Ticker: OESX), a resource for investors and traders seeking the latest updates and insights on Orion Energy Sys stock.
Orion Energy Systems, Inc. (NASDAQ: OESX), also referred to as Orion Lighting, regularly issues news updates that reflect its role in energy-efficient LED lighting, EV charging solutions, and maintenance services. Press releases highlight engagements with large enterprise and public-sector customers, as well as financial and corporate developments relevant to OESX stock watchers.
Company announcements describe LED lighting and electrical infrastructure projects for major food-service distributors, retailers, automotive industry customers, and government agencies. These updates often detail multi-facility deployments, upgrades of LED lighting and electrical infrastructure, and EV charging station installations at sites across the United States. Orion also reports on multi-year preventative maintenance contracts for LED lighting systems at thousands of retail locations.
Investors following OESX news will see regular coverage of segment performance and earnings, including LED lighting, EV charging, and maintenance revenue, as well as gross margin trends, net results, and adjusted EBITDA. The company uses quarterly earnings releases to discuss its cost structure, project pipeline, and organizational initiatives, such as the creation of Solutions and Partners business units.
In addition, Orion frequently announces participation in investor conferences and webcasts, providing opportunities for shareholders and prospective investors to hear management discuss strategy and financial performance. Filings and news items also cover capital structure actions, including the approval and implementation of a reverse stock split and the resolution of Nasdaq minimum bid price compliance.
This OESX news page aggregates these updates so readers can review Orion’s project wins, customer relationships, financial disclosures, and corporate actions in one place. For anyone tracking developments in energy-efficient lighting, EV charging infrastructure, and related maintenance services, Orion’s news flow offers insight into how the company positions itself within the energy efficiency and clean tech space.
Orion Energy Systems, Inc. (NASDAQ: OESX) will participate in H.C. Wainwright's 24th Annual Global Investment Hybrid Conference on September 12-13, 2022. CEO Mike Altschaefl, COO Mike Jenkins, and CFO Per Brodin will hold virtual investor meetings. The investor presentation will be accessible online starting at 7:00 a.m. ET on September 12. H.C. Wainwright provides investment banking and advisory services and the event highlights Cleantech and Growth companies. Orion specializes in energy-efficient LED lighting and control systems.
Orion Energy Systems, Inc. (OESX) has secured contracts worth $4.2 million to retrofit two manufacturing facilities for a major automotive manufacturer. These projects, aimed at enhancing workplace safety and energy efficiency, are set for completion in the fiscal year 2023's third and fourth quarters. CEO Mike Altschaefl expressed optimism about the resumed authorization and funding of these delayed projects, reflecting a strong partnership with the automotive sector.
Orion Energy Systems (OESX) reported Q1 fiscal 2023 results, revealing a revenue drop to $17.9M, down from $35.1M in Q1'22. This decline was driven by project completion issues and customer delays amid economic uncertainties. Gross profit percentage also fell to 19.8% from 29.1% last year, contributing to a net loss of $2.8M or ($0.09) per share. Despite challenges, Orion anticipates revenue growth in FY 2023, estimating between $90M to $110M due to new projects and a focus on maintenance services.
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Orion Energy Systems (NASDAQ: OESX) has scheduled a conference call and webcast on August 3, 2022, at 10:00 a.m. ET to discuss its fiscal first quarter results. Participants must pre-register to obtain the call's dial-in number and PIN. Results will be released prior to the market's opening on the same day. Orion specializes in energy-efficient LED lighting and electrical maintenance services, aiding customers in achieving energy savings and reducing their carbon footprint.
Orion Energy Systems (OESX) announced a strategic partnership with SnapCount to integrate its energy-efficient LED lighting solutions into SnapCount's software platform. This collaboration enables lighting contractors and Energy Service Companies (ESCOs) to access accurate product specifications, streamlining project quotations. SnapCount's COO praised Orion for its high-quality products and commitment to sustainability, projecting growth potential. Orion's COO expressed optimism about leveraging SnapCount's network to boost sales and market insights.
Orion Energy Systems (OESX) will showcase its energy-efficient LED lighting products at LIGHTFAIR 2022 in Las Vegas from June 21-23. CEO Mike Altschaefl expressed excitement about returning to the event and emphasized Orion's offerings, which include LED fixtures, control systems, and national maintenance services. The company prides itself on its 'Made in USA' quality, rapid order processing, and superior customer service. Investors can participate in a Q&A session on June 21 from 3:30 to 4:30 pm PT.
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Orion Energy Systems reported its fiscal 2022 Q4 and full-year results, showing a 6.5% increase in revenue to $124.4M, despite a decline in Q4 revenue to $22.1M. The net income for FY 2022 was $6.1M (EPS: $0.19), down from $26.1M (EPS: $0.83) in the previous year due to a non-cash tax benefit in FY 2021. Gross profit improved for the year but dropped to $5.3M in Q4. The company ended the fiscal year with over $35M in liquidity. CEO Mike Altschaefl stated progress was made despite challenges and emphasized growth in energy service company channels, with expectations for continued expansion.
Orion Energy Systems (NASDAQ: OESX) announced a conference call on June 7, 2022, at 10:00 a.m. ET to discuss its fiscal Q4 and full year 2022 results. The company will release its financial results prior to market open that day. The call can be accessed via dial-in or webcast. Orion specializes in energy-efficient LED lighting, controls, and IoT systems, providing solutions to help customers achieve energy savings and reduce their carbon footprint.