Quarterly ResultJun 4, 2026, 07:01 AM
Orion Energy Systems FY'26 Revenue $86.3M; Net Loss Improves to $3.2M
AI Summary
Orion Energy Systems announced improved financial results for its fiscal 2026 fourth quarter and full year ended March 31, 2026. The company reported FY'26 revenue of $86.3M, an 8% increase year-over-year, with a significant improvement in net loss to $3.2M from $11.8M in FY'25. Adjusted EBITDA for the full year turned positive at $2.2M, compared to a loss of $(2.9M) in FY'25. For Q4'26, revenue grew 23% to $25.7M, and the company achieved its sixth consecutive quarter of positive adjusted EBITDA ($0.8M). Orion reiterated its FY'27 revenue guidance of $95M-$97M and expects continued positive adjusted EBITDA.
Key Highlights
- Orion Energy Systems reported FY'26 revenue of $86.3M, an 8% increase from FY'25, with gross margin at 32.6% vs. 25.4%.
- Q4'26 revenue was $25.7M, up 23% YoY, with gross margin improving to 37.0% from 27.5% in Q4'25.
- FY'26 net loss improved to $3.2M from $11.8M in FY'25; Q4'26 net loss was $1.5M vs. $2.9M in Q4'25.
- Adjusted EBITDA for FY'26 was $2.2M, a significant improvement from a loss of $(2.9M) in FY'25.
- Q4'26 adjusted EBITDA was $0.8M, marking the sixth consecutive quarter of positive adjusted EBITDA.
- The company reiterates FY'27 revenue expectations of $95M-$97M and positive adjusted EBITDA.
- LED lighting revenue increased 86% to $20.3M in Q4'26 and 17% to $55.9M in FY'26.
- Total current assets were $37.7M and working capital was $11.0M at March 31, 2026.
Price Impact
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