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Orion Energy Systems
(NASDAQ:OESX)
Orion Energy Systems (OESX) vs. SPDR S&P 500 ETF (SPY)
Orion Energy Systems Business Overview & Revenue Model
Orion Energy Systems Earnings Call Summary
Orion Energy Systems Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 79.39M | 79.72M | 90.58M | 77.38M | 124.38M | 116.84M |
| Gross Profit | 21.86M | 20.24M | 20.91M | 17.51M | 33.91M | 30.12M |
| EBITDA | -5.97M | -8.32M | -8.29M | -14.03M | 9.93M | 8.18M |
| Net Income | -9.29M | -11.80M | -11.67M | -34.34M | 6.09M | 26.13M |
Balance Sheet | ||||||
| Total Assets | 49.02M | 52.46M | 63.17M | 71.58M | 86.82M | 92.82M |
| Cash, Cash Equivalents and Short-Term Investments | 3.56M | 5.97M | 5.16M | 15.99M | 14.47M | 19.39M |
| Total Debt | 11.92M | 10.32M | 12.11M | 10.02M | 35.00K | 49.00K |
| Total Liabilities | 38.21M | 40.58M | 40.63M | 38.33M | 21.72M | 34.75M |
| Stockholders Equity | 10.81M | 11.88M | 22.54M | 33.25M | 65.10M | 58.07M |
Cash Flow | ||||||
| Free Cash Flow | 2.91M | 494.00K | -10.93M | -2.89M | -641.00K | 776.00K |
| Operating Cash Flow | 3.05M | 599.00K | -10.09M | -2.29M | -113.00K | 1.73M |
| Investing Cash Flow | 97.00K | 128.00K | -731.00K | -6.20M | -4.92M | -946.00K |
| Financing Cash Flow | -5.27M | 90.00K | -14.00K | 10.01M | 104.00K | -10.14M |
Orion Energy Systems Technical Analysis
Orion Energy Systems Risk Analysis
Orion Energy Systems Peers Comparison
Orion Energy Systems Corporate Events
On September 30, 2025, Orion Energy Systems finalized several financial and operational agreements related to its acquisition of Voltrek, LLC. The company settled its fiscal 2024 earnout obligations with payments totaling $875,000 and issued $1 million in common stock to Kathleen Connors for fiscal 2025 obligations. A subordinated loan agreement was established with Final Frontier to defer remaining earnout payments, with monthly principal and interest payments scheduled through July 2027. Additionally, a security agreement was made to secure obligations, subordinated to Bank of America’s senior credit facilities. The company also entered into a support agreement with Final Frontier and Connors, restricting their influence on company affairs, and granted Connors a non-voting board observer role.
The most recent analyst rating on (OESX) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on Orion Energy Systems stock, see the OESX Stock Forecast page.
On August 7, 2025, Orion Energy Systems‘ shareholders approved a 1-for-10 reverse stock split of the company’s common stock, which was implemented on August 22, 2025. This move, intended to increase the stock’s bid price and maintain its Nasdaq listing, reduced the number of outstanding shares from approximately 35.2 million to 3.5 million, while also adjusting all related securities proportionally.
The most recent analyst rating on (OESX) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Orion Energy Systems stock, see the OESX Stock Forecast page.
On August 7, 2025, Orion Energy Systems held its Annual Meeting of Shareholders, where key proposals were voted on. Shareholders elected two directors, approved executive compensation, ratified BDO USA, P.C. as the independent public accountant, and approved a reverse stock split and a special stock option grant for the new CEO. These decisions reflect strong shareholder support and are expected to impact the company’s strategic direction and financial structure positively.
The most recent analyst rating on (OESX) stock is a Buy with a $2.00 price target. To see the full list of analyst forecasts on Orion Energy Systems stock, see the OESX Stock Forecast page.
The recent earnings call for Orion Energy revealed a mixed sentiment, characterized by notable improvements in profitability and operational efficiency, yet tempered by challenges in revenue streams. The company reported increased gross profit margins and reduced operating expenses, signaling a positive operational shift. However, a decline in EV charging solutions revenue and overall revenue posed challenges, although the outlook remains optimistic with expectations of revenue growth, despite uncertainties in the EV sector.
Orion Energy Systems, Inc., operating in the energy efficiency and clean tech sector, offers LED lighting, EV charging solutions, and maintenance services, focusing on sustainable solutions for large national customers. In its fiscal 2026 first quarter, Orion Energy reported a slight decrease in total revenue to $19.6 million compared to the previous year, but achieved a significant improvement in gross profit margin, reaching 30.1%. The company also reported its third consecutive quarter of positive adjusted EBITDA, reflecting effective cost management and strategic pricing measures. Key financial highlights include a 1% increase in LED lighting revenue and a 21% rise in maintenance services revenue, although EV charging revenue saw a 30% decline due to project timing variability. Orion’s net loss narrowed significantly to $1.2 million, driven by improved gross margins and reduced operating expenses. Looking ahead, Orion maintains its fiscal 2026 outlook with a projected 5% revenue growth to approximately $84 million, aiming for positive adjusted EBITDA. The company is optimistic about its growth trajectory, supported by new contracts and an expanding project pipeline, despite uncertainties in the economic and policy landscape.