Orion Energy Systems ( (OESX) ) has issued an update.
On February 11, 2024, Orion Energy Systems announced voluntary salary and retainer reductions for its executive officers and board members as part of temporary cost-saving measures. The company also reported improved financial results for the fiscal 2025 third quarter, including a gross margin increase to 29.4%, reduced net loss, and break-even adjusted EBITDA. Orion’s reorganization into two business units aims to enhance sales and marketing effectiveness, aligning with its focus on long-term growth. Despite lowering its FY 2025 revenue outlook due to project delays and market conditions, Orion’s strategic moves, such as cost reduction and business realignment, position it for better performance in FY 2026.
More about Orion Energy Systems
Orion Energy Systems, Inc., based in Manitowoc, WI and listed on NASDAQ as OESX, provides energy-efficient LED lighting, electric vehicle charging stations, and maintenance services solutions. The company focuses on developing high-quality, industry-leading solutions and customer service to support operational, energy savings, workplace safety, and sustainability goals for its customers.
YTD Price Performance: -1.78%
Average Trading Volume: 75,979
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $26.32M
For an in-depth examination of OESX stock, go to TipRanks’ Stock Analysis page.