Orion Energy Systems, a provider of LED lighting and EV charging solutions, reported revenue of $21.1M in Q3’26, up from $19.6M in Q3’25. Gross Profit Percentage increased to 30.9% from 29.4% in Q3’25. Positive operating income and adjusted EBITDA of 3.6% were achieved, with a revenue outlook of $84M-$86M for FY 2026.

The company also established a FY 2027 revenue outlook of $95M-$97M and positive adjusted EBITDA. Orion’s financial performance included a decrease in LED lighting revenue, an increase in EV charging revenue, and a 13% increase in maintenance services revenue in Q3’26 compared to Q3’25. Gross profit percentage was 30.9%.

Total operating expenses declined to $6.1M in Q3’26 from $7.0M in Q3’25. Net income improved to $0.2M in Q3’26 from a net loss of $1.5M in Q3’25. Adjusted EBITDA significantly improved to $0.8M in Q3’26 from $0.0M in Q3’25. Orion’s balance sheet showed current assets of $32.8M, with financial liquidity of $11.8M.

Orion Energy Systems highlighted key wins in Q3, including a $14M-$15M contract for exterior lighting with a major customer. The company’s commitment to growth, profitability, and market expansion led to continued success in customer engagement and project expansions. Orion maintained a Gross Margin of about 31% and achieved positive adjusted EBITDA for the fifth consecutive quarter.

CEO Sally Washlow expressed satisfaction with the company’s Q3 results, noting improvements in growth, profitability, and market expansion. Orion expects this trend to continue in Q4 and beyond, with a focus on generating positive results through disciplined growth strategies. Orion aims to solidify its position in the market and drive sustainable business performance.

Read more at GlobeNewswire: Orion Achieves Positive Operating Income and Continued