OESX
Orion Energy Systems, Inc.14.74
-0.56-3.66%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
52.05MP/E (TTM)
-Basic EPS (TTM)
-1.87Dividend Yield
0%Recent Filings
8-K
CEO bonus reinstated
Orion Energy Systems reinstated CEO Sally Washlow's $500,000 cash signing bonus on November 13, 2025, after a mutual deferral since May. Washlow will use $300,000 to buy common stock directly from the company, issued November 19 at the five-day average closing price. Aligns her interests with shareholders. No other terms changed.
10-Q
Q2 FY2026 results
Orion's Q2 revenue edged up 2.9% y/y to $19.9M, with gross profit surging 38.1% to $6.2M (31.0% margin) on service cost cuts from prior restructuring. Operating loss narrowed sharply to $(0.2M) from $(3.3M), while YTD figures show revenue flat at $39.5M but operating loss down 81% to $(1.3M); diluted EPS improved to $(0.17) from $(1.10), confirmed against 3.50M shares with anti-dilution. Maintenance revenue jumped 18%, EV swung to 22% margins—yet lighting dipped. Cash sits at $5.2M, revolver availability $8.3M of $14.1M base, total debt $9.9M including new $1.4M subordinated note (7%, matures July 2027) for Voltrek earnout. Free cash flow not disclosed in the 10-Q. Customer concentration persists.
8-K
Q2 margins soar, EBITDA positive
Orion Energy Systems posted Q2'26 revenue of $19.9M, up from $19.4M last year, with gross margin surging 790 bps to 31.0% on better mix and costs. Net loss narrowed to $0.6M from $3.6M; adjusted EBITDA turned positive at $0.5M—fourth straight quarter. Maintenance grew 18%, while it reiterates FY26 revenue outlook of ~$84M and positive adjusted EBITDA.
8-K
Orion settles Voltrek earnout
Orion Energy Systems settled its Voltrek acquisition earnout by paying Final Frontier $875,000 cash and issuing 1.65 million shares worth $1 million, while deferring the remaining fiscal 2025 amount—capped at $3 million post-arbitration—via a senior subordinated note at 7% interest with monthly principal starting January 2026 and maturing July 2027. The deal secures Bank of America's senior debt priority through a subordination agreement, freeing Orion from disputes but adding a second lien on assets. This eases cash flow yet ties up liquidity through 2027.
8-K
Nasdaq compliance regained via split
Orion Energy Systems regained Nasdaq Capital Market listing compliance on September 8, 2025, after a 1-for-10 reverse stock split effective August 22 boosted its bid price above $1.00. This resolves prior deficiencies from 30 consecutive days below the threshold, securing continued trading without delisting threats. Compliance restored. Yet, sustaining the price remains key amid market pressures.
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