Quarterly ResultAug 5, 2026, 04:31 PM
Orion Energy Q1 Net Income $1.96M, EPS $0.47; Revenue $25.74M
AI Summary
Orion Energy Systems reported a significant turnaround in Q1 2026, achieving net income of $1.96 million, or $0.47 per diluted share, compared to a net loss of $1.24 million, or $(0.37) per diluted share, in Q1 2025. Total revenue increased 31.5% to $25.74 million, driven by a 90.1% surge in service revenue. The company also extended its revolving credit facility maturity to June 30, 2030.
Key Highlights
- Net income of $1.96 million for Q1 2026, up from a $1.24 million net loss in Q1 2025.
- Diluted EPS reached $0.47, a significant improvement from $(0.37) in Q1 2025.
- Total revenue increased 31.5% to $25.74 million from $19.58 million year-over-year.
- Service revenue surged 90.1% to $11.52 million from $6.06 million.
- Cash and cash equivalents increased to $5.17 million from $3.27 million sequentially.
- Revolving credit facility maturity extended from June 2027 to June 30, 2030.
- One customer represented 38.1% of total revenue for the quarter.
Price Impact
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