Quarterly ResultJun 23, 2026, 04:18 PM
Orion Energy Systems FY26 Revenue $86M, Net Loss Reduced; FY27 Outlook Positive
AI Summary
Orion Energy Systems reported strong financial performance for fiscal year 2026, with revenue reaching $86 million, exceeding expectations. The company significantly reduced its net loss to $3.2 million and achieved positive adjusted EBITDA of approximately $2 million. For fiscal year 2027, Orion anticipates continued growth with revenue projected between $95 million and $97 million and positive adjusted EBITDA. The company also announced its Annual Meeting of Shareholders for August 6, 2026, to vote on director elections, executive compensation, auditor ratification, and an incentive plan.
Key Highlights
- FY26 revenue reached $86 million, exceeding the $84-$86 million outlook.
- FY26 net loss significantly reduced to $3.2 million from $11.8 million in FY25.
- Achieved positive adjusted EBITDA of approximately $2 million in FY26.
- Gross profit percentage improved to 32.6% in FY26 from 25.4% in FY25.
- FY27 revenue outlook set at $95 million to $97 million with positive adjusted EBITDA.
- LED Lighting revenue grew to $55.9 million in FY26 from $47.7 million in FY25.
- EV Charging Solutions revenue was $14.4 million in FY26.
- Maintenance Services revenue increased to $16.0 million in FY26.
Price Impact
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