Quarterly ResultAug 5, 2026, 07:07 AM
Orion Energy Q1 Revenue Up 32% to $25.7M; Net Income $2.0M
AI Summary
Orion Energy Systems reported strong first-quarter fiscal 2027 results, with revenue increasing 32% to $25.7 million and achieving a net income of $2.0 million, a significant turnaround from a net loss of $1.2 million in the prior year. The company also posted its seventh consecutive quarter of positive adjusted EBITDA, reaching $2.5 million. Growth was driven by increased large project activity in LED lighting and EV charging solutions, alongside strategic entry into the hyper-scale data center market and new product introductions.
Key Highlights
- Q1'27 revenue increased 32% to $25.7M from $19.6M in Q1'26.
- Achieved net income of $2.0M in Q1'27, compared to a net loss of $1.2M in Q1'26.
- Adjusted EBITDA was $2.5M in Q1'27, up from $0.2M in Q1'26, marking seventh consecutive positive quarter.
- Gross margin improved by 450 basis points to 34.6% in Q1'27.
- LED lighting revenue grew 37% to $17.7M; EV charging revenue increased 48% to $4.0M.
- Generated $1.4M cash flow from operations in Q1'27, compared to a use of $0.5M in prior year.
- Working capital increased to $13.7M from $6.1M year-over-year.
- Reiterated FY'27 revenue guidance of $95M-$97M with positive adjusted EBITDA.
Price Impact
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