From GlobeNewswire: 2025-02-11 07:27:00

Orion Energy Systems, Inc. reported Q3’25 revenue of $19.6M, down from $26.0M in Q3’24. Adjusted EBITDA was slightly positive, with a cash increase to $7.5M. They have reduced costs and improved margins, with new business potential of $100-200M. FY’25 revenue outlook is $77-83M, focusing on LED lighting, EV charging, and maintenance services.

Orion is reorganizing into two Commercial Business Units to drive growth and efficiency. Q4’25 outlook includes projects like LED lighting at a U.S. university and a national building products distributor. FY’25 maintenance revenue may decrease, but FY’26 outlook is positive. The reorganization aims to streamline operations and reduce costs by $1.5M annually.

Orion’s Q3’25 results saw a gross profit of $5.8M with a 29.4% margin, operating expenses declined to $7.0M, and a net loss of ($1.5M). The balance sheet shows current assets of $37.1M, with $7.5M in cash. Orion extended its credit facility with Bank of America and believes it has sufficient resources for future operations.

Orion’s non-GAAP measures include EBITDA and Adjusted EBITDA to better understand core operating performance. The Company is committed to sustainability and governance priorities. Forward-looking statements highlight risks and factors affecting financial performance. Financial statements show a net loss of ($8.9M) for nine months ended December 31, 2024, with total assets of $52.7M and liabilities of $38.2M.

In summary, Orion Energy Systems, Inc. is focused on cost reduction, margin improvement, and revenue growth. The reorganization, new business projects, and positive outlook for FY’26 position the company for future success in LED lighting, EV charging, and maintenance services.



Read more at GlobeNewswire:: Orion Reports Improved Q3’25 Gross Margin of 29.4% (+490