Orion Energy Systems Reports Q1'26 Revenue of $19.6M, Net Loss Narrows to $1.2M; Gross Profit Up 37%

Reuters
08/06
Orion Energy Systems Reports Q1'26 Revenue of $19.6M, Net Loss Narrows to $1.2M; Gross Profit Up 37%

Orion Energy Systems Inc. (NASDAQ: OESX) reported its fiscal 2026 first-quarter results, showing a total revenue of $19.6 million, a slight decrease of 2% from $19.9 million in Q1'25. The company's LED lighting revenue increased marginally by 1% to $12.9 million, while EV charging revenue saw a significant decline of 30% to $2.7 million compared to the previous year. Maintenance revenue grew by 21% to $4.0 million. Orion's gross profit for Q1'26 stood at $5.9 million, up 37% from $4.3 million in Q1'25, with a gross profit margin of 30.1%, the highest quarterly margin in six years. The company reported a net loss of $1.2 million, an improvement from a net loss of $3.8 million in the previous year. Orion achieved an adjusted EBITDA of $0.2 million, marking its third consecutive quarter of positive adjusted EBITDA. The company reiterated its fiscal 2026 outlook, expecting a revenue growth of approximately 5% to $84 million, aiming to approach or achieve positive adjusted EBITDA for the full fiscal year. Orion highlighted a $3 million public school EV charging project that began near the end of June and is anticipated to be completed during the second quarter.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Orion Energy Systems Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-103524), on August 06, 2025, and is solely responsible for the information contained therein.

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