Orion Energy ( (OESX) ) has released its Q1 earnings. Here is a breakdown of the information Orion Energy presented to its investors.
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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.