Orion Energy reports Q2 EPS (17c) vs ($1.10) last year

Reports Q2 revenue $19.919M vs $19.361M last year. Commentary from CEO Sally Washlow: “I am extremely pleased to report earnings for my first full quarter as CEO of Orion. Q2 featured solid accomplishments in our three business lines, as well as positive guideposts for the rest of the fiscal year… In Operations, prudent management in Q2 resulted yet again in increasing gross margin percentage – Q2’s 31% represents a one-third YOY jump -and the fourth straight quarter of positive adjusted EBITDA. Now, as we pass the mid-point of our fiscal year, we see a second half of steeper growth in both revenue and profitability, and we reiterate our full-fiscal-year expectation of 5% revenue growth – to $84 million – coming in at or near positive adjusted EBITDA.”