Orion Energy Systems Inc
NASDAQ:OESX

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Orion Energy Systems Inc
NASDAQ:OESX
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Price: 17.9 USD 4.62%
Market Cap: 63.2m USD

Orion Energy Systems Inc
Investor Relations

Orion Energy Systems, Inc. engages in the design, development, and trade of lighting systems, and retrofit lighting solutions. The company is headquartered in Manitowoc, Wisconsin and currently employs 213 full-time employees. The company went IPO on 2007-12-19. The firm operates through three segments, Orion Engineered Systems Division (OES), Orion Distribution Services Division (ODS), and Orion U.S. Markets Division (USM). The company provides light emitting diode (LED) lighting systems, wireless Internet of things (IoT) enabled control solutions, project engineering, design energy project management and maintenance services. The OES segment develops and sells lighting products and provides construction and engineering services for its commercial lighting and energy management systems. The ODS segment focuses on selling lighting products through manufacturer representative agencies and a network of North American broadline, and electrical distributors and contractors. The USM segment sells commercial lighting systems and energy management systems to the wholesale contractor markets.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 5, 2025
AI Summary
Q2 2026

Revenue Growth: Orion reported Q2 revenue of $19.9 million, a slight increase from $19.4 million last year, with two of three segments growing year-over-year.

Margin Expansion: Gross margin jumped to 31% in Q2 from 23.1% a year ago, driven by cost reductions, improved pricing, and better sales mix.

Profitability Improvement: Net loss narrowed significantly to $0.6 million from $3.6 million, and adjusted EBITDA was positive for the fourth straight quarter.

Cost Control: Operating expenses declined to $6.4 million from $7.7 million, reflecting ongoing cost containment efforts.

Maintenance Services: Maintenance segment revenue rose 18%, and gross margin improved, even after dropping an unprofitable contract.

EV Charging Bounce Back: EV charging segment recovered from earlier sector uncertainty, with $4.8 million in Q2 revenue and a strong gross margin.

Guidance Reiterated: Fiscal 2026 revenue outlook of $84 million and near break-even adjusted EBITDA remains unchanged.

Recurring Revenue Win: Secured a three-year maintenance renewal with a major retailer, expected to bring in $42–$45 million.

Key Financials
Revenue
$19.9 million
Gross Margin
31%
Net Loss
$0.6 million
Adjusted EBITDA
$0.5 million
Operating Expenses
$6.4 million
LED Lighting Segment Revenue
$10.7 million
LED Lighting Gross Margin
27.5%
Maintenance Segment Revenue
$4.5 million
Maintenance Gross Margin
23.7%
EV Charging Solutions Revenue
$4.8 million
EV Charging Solutions Gross Margin
45.8%
Net Working Capital
$8.1 million
Available Financial Liquidity
$13.5 million
Cash Provided by Operating Activities (YTD)
$1.3 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Michael H. Jenkins
CEO & Director
No Bio Available
Mr. John Per Brodin CPA
Executive VP, CFO, Chief Accounting Officer & Treasurer
No Bio Available
Mr. Scott A. Green
Executive VP & President of Orion Services Group
No Bio Available
Mr. Steven R. Barth Esq., J.D.
Outside Legal Counsel & Board Secretary
No Bio Available

Contacts

Address
WISCONSIN
Manitowoc
2210 Woodland Dr
Contacts