Quarterly ResultJun 4, 2026, 07:01 AM
Orion Energy Systems Q4 Revenue Up 23% to $25.7M; Net Loss Narrows
AI Summary
Orion Energy Systems reported improved results for its fiscal 2026 fourth quarter and full year, driven by a 23% increase in Q4 revenue to $25.7M and a 23% increase in gross margin to 37.0%. The company also saw its net loss narrow to $1.5M and achieved its sixth consecutive quarter of positive adjusted EBITDA. For the full fiscal year, revenue grew 8% to $86.3M, with gross margin improving to 32.6% and the net loss significantly reduced. Orion reiterated its FY'27 expectations of positive adjusted EBITDA on revenue between $95 million and $97 million.
Key Highlights
- Orion Energy Systems Q4'26 revenue increased 23% to $25.7M YoY.
- Q4'26 gross margin improved to 37.0% from 27.5% YoY.
- Q4'26 net loss narrowed to $1.5M from $2.9M YoY.
- Q4'26 adjusted EBITDA was $0.8M, marking the sixth consecutive quarter of positive adjusted EBITDA.
- FY'26 revenue grew 8% to $86.3M YoY.
- FY'26 gross margin improved to 32.6% from 25.4% YoY.
- FY'26 net loss improved to $3.2M from $11.8M YoY.
- FY'26 adjusted EBITDA was $2.2M, a significant improvement from $(2.9M) in FY'25.
Price Impact
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