Orion Energy Sys Inc Stock Price, News & Analysis

Orion Energy Systems (NASDAQ: OESX) has secured a major contract to provide LED lighting retrofit solutions for a North American Building Products distributor across over 400 locations. The project, valued at $12-18M with $1M expected for FY25, will begin in Q3 FY25 and continue for several years. The scope includes site visits, lighting audits, fixture manufacturing, project management, and installation of LED systems including high bays, strip fixtures, office troffers, and exterior lighting. The program aims to reduce energy usage and carbon footprint while enhancing lighting environment and safety at each location.

Orion Energy Systems (OESX) announces its participation in the Society of American Military Engineers (SAME) 2024 Federal Small Business Conference in New Orleans from November 20-22. The company will showcase its Buy American Act (BAA) and Build America Buy America (BABA)-compliant LED lighting solutions at booth #1443. CEO Michael Jenkins will attend alongside board member Heather Wishart-Smith, who will moderate an educational session on AI in government contracting. The event highlights Orion's focus on providing sustainable LED lighting and EV charging solutions for federal projects.

Orion Energy Systems (NASDAQ:OESX), a provider of LED lighting, EV charging stations, and maintenance services, announces its participation in the Virtual Investor Summit microcap conference on November 21st. The presentation, scheduled for 9:00-9:30am ET, will be led by CEO Mike Jenkins and CFO Per Brodin, who will also be available for one-on-one investor meetings throughout the day. The presentation will be accessible to all investors through a provided webcast link.

Orion Energy Systems reported Q2'25 results with total revenue of $19.4M, down from $20.6M in Q2'24. The quarter showed mixed performance across segments: EV charging revenue grew 40% to $4.7M, maintenance services revenue increased 5% to $3.8M with improved margins, while LED lighting revenue declined 20% to $10.8M due to project delays and completion of a major European retrofit. The company posted a net loss of ($3.6M) or ($0.11) per share, an improvement from ($4.4M) or ($0.14) per share in Q2'24. Orion maintains its FY'25 revenue growth outlook of approximately 10%, expecting stronger performance in the second half, particularly in Q4.

Orion Energy Systems (NASDAQ: OESX) announces its fiscal 2025 second quarter (Q2'25) earnings conference call and webcast scheduled for Wednesday, November 6, 2024, at 10:00 a.m. ET. The company will release its financial results before market opening on the same day.

Participants must pre-register for the live call, while a webcast replay will be available. Orion provides energy-efficient solutions including LED lighting and controls, EV charging solutions, and maintenance services, specializing in turnkey design-through-installation solutions for large national customers and projects through ESCO and distribution partners.

Orion Energy Systems (NASDAQ: OESX) announced preliminary Q2'25 revenue of $19.4M, down from $20.6M in Q2'24. First six months revenue reached $39.3M, up from $38.2M. EV charging solutions revenue grew 40% to $4.7M, while LED lighting revenue declined 20% to $10.8M due to project delays and completion of a major European retrofit. Maintenance services revenue increased 5% to $3.8M with improved gross profit margins. The company secured a new 5-Year, $25M contract for LED lighting fixtures with a major retailer. Orion revised its FY'25 revenue growth outlook to approximately 10% from previous 10-15%, ending Q2 with $5.4M in cash.

Orion Energy Systems, a provider of energy-efficient LED lighting, EV charging stations, and maintenance services, will be presenting at the LD Micro Main Event XVII on October 29th at 11:30 a.m. ET at the Luxe Sunset Boulevard Hotel in Los Angeles. CEO Mike Jenkins and CFO Per Brodin will lead the presentation, which will be open to all investors via a live stream.

The executives will review Orion's business and growth outlook, followed by a Q&A session. They will also be available for in-person investor meetings throughout Tuesday and Wednesday morning. Investors can register for the event and schedule meetings with Orion management by contacting registration@ldmicro.com.

The presentation can be accessed online at https://me24.sequireevents.com/ on Tuesday, October 29th at 8:30 a.m. PT.

Orion Energy Systems, Inc. (NASDAQ: OESX) has secured a 5-year contract extension with a major retail customer to supply LED lighting fixtures for new store construction projects. The contract's estimated annual value ranges from $4.5M to $6M, with a total potential value of $23M-$30M. Initial product shipments are expected to begin in Orion's fiscal 2025 third quarter.

This agreement builds upon Orion's previous work in executing a company-wide LED retrofit of the customer's retail store interior lighting systems. Additionally, Orion provides LED lighting preventative maintenance at approximately 2,000 locations nationwide for this customer.

Orion CEO Mike Jenkins expressed pride in being chosen to illuminate both interior and exterior areas of the customer's new stores over the next five years, emphasizing the long-term nature of their relationship.

Orion Energy Systems (NASDAQ: OESX) has secured LED lighting retrofit projects worth over $2 million from a leading U.S. automotive OEM. The projects involve project management, installation, and commissioning of LED lighting systems across multiple U.S. manufacturing facilities. These upgrades aim to enhance energy efficiency and support sustainability and workplace safety objectives.

The selection underscores Orion's 18-year relationship with the customer and its reputation for excellence in LED lighting system project management. CEO Michael Jenkins emphasized the customer's trust in Orion's technology and services. The projects are expected to be completed before March 31, 2025, with the first project already underway and the second scheduled to begin in Orion's fiscal Q3.