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 (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.
Orion Energy Systems (NASDAQ: OESX), a provider of energy-efficient LED lighting, EV charging stations, and maintenance services, is set to participate in the H.C. Wainwright 26th Annual Hybrid Global Investment Conference on September 9th and 10th in New York City. CEO Mike Jenkins and CFO Per Brodin will deliver a company overview presentation on September 9th at 3:30 p.m. ET and be available for investor meetings on both days.
The conference, hosted by full-service investment bank H.C. Wainwright & Co., , will showcase leading cleantech and growth companies from September 9th to 11th. Investors interested in meeting with Orion's management can contact their H.C. Wainwright representative or Lily Khaykina at lk@hcwco.com to schedule a meeting.
Orion Energy Systems (NASDAQ: OESX), a provider of LED lighting, EV charging stations, and maintenance services, is set to participate in the Sidoti Virtual Microcap Conference on August 14th, 2024. CEO Mike Jenkins and CFO Per Brodin will deliver a company overview presentation at 12:15pm ET and be available for virtual investor meetings throughout the day.
The presentation will offer insights into Orion's energy-efficient solutions and business strategies. Interested parties can register for free, regardless of Sidoti client status, via the provided link. This event presents an opportunity for investors to gain direct access to Orion's leadership and learn more about the company's position in the growing markets of LED lighting and EV charging infrastructure.
Orion Energy Systems (NASDAQ: OESX) reported Q1'25 results with revenue rising 13% to $19.9M, driven by strength in EV charging projects. Key highlights include:
- EV charging solutions revenue grew over 200% to $3.8M
- LED lighting revenue increased 1% to $12.8M
- Maintenance services revenue declined 11% to $3.3M
- Gross profit increased to $4.3M with a 21.6% margin
- Net loss improved to ($3.8M) or ($0.12) per share
The company maintains its FY 2025 revenue growth target of 10-15%, expecting continued momentum in EV charging and LED lighting segments. Orion's CEO, Mike Jenkins, emphasized the strong competitive position in EV infrastructure and ongoing opportunities in LED lighting retrofits.
Orion Energy Systems (NASDAQ: OESX), a provider of energy-efficient LED lighting, EV charging solutions, and maintenance services, has scheduled its fiscal 2025 first quarter (Q1'25) results conference call and webcast for Wednesday, August 7, 2024, at 10:00 a.m. ET. The company will release its results before the market opens on the same day.
Investors can access the call via toll-free dial-in at (800) 715-9871 or (646) 307-1963 using ID# 5328422. A webcast replay will be available at https://edge.media-server.com/mmc/p/r5d8p33v. Orion specializes in turnkey design-through-installation solutions for large national customers and projects through ESCO and distribution partners, focusing on helping clients achieve their business and environmental goals.
Orion Energy Systems (NASDAQ: OESX), a provider of LED lighting and EV charging solutions, is set to participate in the Noble Capital Markets' Virtual Equity Conference on June 26, 2024. CEO Mike Jenkins and CFO Per Brodin will present and take part in a fireside Q&A session at 12:30 p.m. ET. The management team will be available for virtual investor meetings throughout the day. The event will be accessible online, and a video webcast will be available for 90 days post-event on www.channelchek.com.
Orion Energy Systems (NASDAQ: OESX) reported a 22% increase in Q4'24 revenue to $26.4M and a 17.1% rise in FY 2024 revenue to $90.6M. The growth was driven by significant gains in LED lighting, EV charging, and maintenance services. LED lighting revenue increased 13.1% in Q4'24 and 8.0% for the year, aided by projects like the DOD project in Germany.
EV charging revenue surged 42.1% in Q4'24 and nearly doubled for the year due to the acquisition of Voltrek. Maintenance services also saw a 37.4% increase in Q4'24 and 17.8% for the year. Gross profit rose to $6.8M in Q4'24 from $4.7M the previous year, with a gross margin increase to 25.8%. CEO Mike Jenkins anticipates a 10-15% revenue growth in FY 2025, driven by LED lighting, EV charging, and new regulatory mandates.