ORION ENERGY SYSTEMS, INC. (OESX) Form 10-Q — Aug 5, 2026
Orion Energy Systems (OESX) delivered a strong fiscal first quarter ended June 30, 2026, with total revenue up 31.5% year-over-year to $25.7 million and a swing to net income of $2.0 million ($0.48 basic EPS) from a $1.2 million loss a year earlier. Service revenue nearly doubled, up 90.1% to $11.5 million, and gross margin expanded to 34.6% from 30.1%. All three segments grew — lighting up roughly 37%, EV charging up 47.6% as that segment turned profitable, and maintenance up 2.5% with a sharply higher operating margin.
Key figures
- Eps
- 0.48
- Revenue
- 25743000
- Net Income
- 1959000
- Total Debt
- 6525000
- Revenue Yoy
- 31.5%
- Total Assets
- 53303000
- Cash Position
- 5165000
- Shares Outstanding
- 4089286
- Backlog
- $23.7 million at June 30, 2026 vs $30.1 million at March 31, 2026
- Diluted Eps
- 0.47
- Gross Margin
- 34.6% vs 30.1% year-ago
- Operating Income
- 2111000
- Ev Segment Revenue
- 3980000
- Operating Cash Flow
- 1352000
- Shelf Registration
- Up to $100 million of debt and/or equity securities (filed March 2026)
- Product Revenue Growth
- 5.2% to $14.2 million
- Revolver Availability
- $12.8 million remaining availability net of $3.0 million drawn on $25.0 million facility
- Service Revenue Growth
- 90.1% to $11.5 million
- Customer Concentration
- One customer = 38.1% of Q1 FY2027 revenue (30.2% year-ago)
- Lighting Segment Revenue
- 17667000
- Maintenance Segment Revenue
- 4096000
Price after filing
Close on the filing date to close N calendar days later (from $10.40). Historical, not a forecast.
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