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. reports news about energy-efficiency and clean-tech solutions for commercial, industrial, public-sector and large national customers. The company provides LED lighting and controls, EV charging stations and infrastructure through Orion/Voltrek, maintenance services, electrical contracting, and turnkey design-through-installation project work delivered directly and through ESCO and distribution partners.
Recurring updates include enterprise project awards, EV charging deployments, lighting product introductions, battery energy storage offerings, industry event participation, customer and partner activity, and management commentary on revenue growth and profitability. Coverage also reflects Orion's role as a licensed electrical contractor and its expansion of infrastructure services across customer facilities.
Orion Energy Systems reported strong Q1 2022 results, with revenue reaching $35.1M, a 225% increase from $10.8M in Q1 2021, driven by national account projects. Gross profit surged to $10.2M, yielding a gross profit margin of 29.1%. Net income improved to $2.5M, or $0.08 per share, compared to a loss of $2.2M last year. Orion expects FY 2022 revenue of $150-155M, up at least 28%, supported by diverse opportunities despite possible COVID-19 impacts and supply chain challenges. The company ended Q1 with $15.9M in cash and significant liquidity to support growth.
Orion Energy Systems, Inc. (OESX) has been recognized by inside.lighting for the efficiency of its LED lighting products. The ISON™ High Bay Industrial Fixture achieved 209.8 lumens per watt, ranking it as the most energy-efficient LED high bay fixture in the High Lumen category. Additionally, Orion's Harris High Bay Star Line was noted as the #2 most efficient fixture in the Ultra-High Lumen category with 189.9 lumens per watt. CEO Mike Altschaefl expressed pride in the recognition, highlighting Orion’s commitment to quality and customer service.
Orion Energy Systems, Inc. (NASDAQ: OESX) will host a conference call and webcast on August 4, 2021, at 10:00 a.m. ET to review its fiscal 2022 first quarter results. The results will be released before market open on the same day. Investors can participate by dialing (877) 754-5294 for the U.S. or (678) 894-3013 internationally. An audio replay will be available shortly after the call until August 11, 2021. Orion specializes in energy-efficient LED lighting and IoT systems, aiding customers in achieving energy savings and sustainability.
Orion Energy Systems (NASDAQ: OESX) announced that its ISON PureMotion™ UVC and Light products won four 2021 Spaces4Learning New Product Awards. These innovative systems promote healthier indoor environments through advanced LED and air movement technology, addressing hygiene and energy efficiency. The CEO highlighted the products' role in enhancing indoor air quality and comfort while reducing energy consumption. The awards underscore Orion's commitment to developing safe and sustainable solutions for educational facilities.
Orion Energy Systems (OESX) reported a strong Q4’21 with revenue of $35.5M, up 37% year-over-year, and net income of $22.1M, driven by national account activity. Despite challenges from COVID-19, FY 2021 revenue reached $116.8M. A significant non-cash tax benefit of $20.9M was recognized, inflating net income figures. The company expects FY 2022 revenue to rise by at least 28%, targeting $150M to $155M. New product lines, operational efficiencies, and a diverse customer base support this optimistic outlook, emphasizing substantial growth potential in the LED market.
Orion Energy Systems will participate in two upcoming virtual investor conferences: the 18th Annual Craig-Hallum Institutional Investor Virtual Conference on June 2, and the LD Micro Invitational XI on June 8. CEO Mike Altschaefl and CFO Per Brodin will engage in meetings with investors on June 2. Orion specializes in energy-efficient LED lighting, controls, and IoT systems, aiming to help customers reduce their carbon footprint while enhancing energy savings through innovative solutions.
Orion Energy Systems (NASDAQ: OESX) will host a conference call/webcast on June 1, 2021, at 4:30 p.m. ET to discuss its fiscal 2021 fourth quarter and annual results ending March 31. The company plans to release its financial results after the market closes the same day. Orion specializes in energy-efficient LED lighting systems, providing services including implementation, maintenance, and program management. Their innovative solutions aim to help customers reduce carbon footprints while achieving energy savings.
Orion Energy Systems (NASDAQ: OESX) announced a $0.5 million strategic investment in ndustrial, a software provider optimizing industrial facilities. This investment was part of ndustrial's $6 million Series A financing, co-led by ENGIE New Ventures and Clean Energy Ventures. Orion CEO Mike Altschaefl highlighted the synergy between the two companies, aiming to enhance energy-efficient solutions and customer service. Orion's collaboration with ndustrial is expected to drive innovation, efficiency, and competitive advantage across various industries.
Orion Energy Systems (NASDAQ: OESX) has secured $16.4 million in follow-on orders from major retail customers. This includes a $14.9 million contract extension with a national retail customer and an additional $1.5 million award from a specialty retail customer, expected to be completed in FY’22. These projects will involve the installation of energy-efficient LED lighting and IoT controls, aimed at enhancing operational performance. CEO Mike Altschaefl expressed confidence in achieving a revenue target of at least $150 million for FY’22, following a revenue of approximately $117 million in FY’21.
Orion Energy Systems (NASDAQ: OESX) announced new commitments to provide custom LED lighting fixtures for ten additional facilities of a global online retail customer, generating approximately $7.6 million in revenue. These projects are set to commence in the fiscal 2021 fourth quarter and conclude in fiscal 2022. CEO Mike Altschaefl emphasized the ongoing partnership's strength and the company's commitment to quality and energy efficiency, highlighting the competitive edge of their custom products.