Gross Profit Increase
Orion reported a year-over-year increase of more than 33% in gross profit for Q2, with gross margins growing to 31% from 23.1% in the previous year.
Positive Adjusted EBITDA
The company achieved its fourth straight quarter of positive adjusted EBITDA, with an improvement to $0.5 million in Q2 '26 from a negative $1.4 million in Q2 '25.
Significant New Business Wins
Orion secured $11 million in government lighting projects and up to $7 million in LED lighting projects for major automotive facilities.
Maintenance Services Growth
Maintenance segment revenue increased 18% to $4.5 million, with gross margins improving to 23.7% from 15.3% in Q2 '25.
EV Charging Revenue and Federal Support
EV charging solutions revenue was $4.8 million, with a strong gross margin of 45.8%, supported by a federal declaration of $5 billion in government EV charging funds.
NASDAQ Listing and Market Recognition
Orion maintained its NASDAQ listing and demonstrated its status as a long-term market leader in its core businesses.