{"id":522877,"date":"2021-08-04T07:31:04","date_gmt":"2021-08-04T11:31:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/led-lighting-energy-systems-provider-orion-q122-revenue-and-gross-margin-rose-to-35-1m-and-29-1-respectively-and-q122-net-income-rose-to-2-5m-or-0-08-per-share-holds-inv\/"},"modified":"2021-08-04T07:31:04","modified_gmt":"2021-08-04T11:31:04","slug":"led-lighting-energy-systems-provider-orion-q122-revenue-and-gross-margin-rose-to-35-1m-and-29-1-respectively-and-q122-net-income-rose-to-2-5m-or-0-08-per-share-holds-inv","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/led-lighting-energy-systems-provider-orion-q122-revenue-and-gross-margin-rose-to-35-1m-and-29-1-respectively-and-q122-net-income-rose-to-2-5m-or-0-08-per-share-holds-inv\/","title":{"rendered":"LED Lighting & Energy Systems Provider Orion Q1\u201922 Revenue and Gross Margin Rose to $35.1M and 29.1%, Respectively, and Q1\u201922 Net Income Rose to $2.5M, or $0.08 Per Share; Holds Investor Call Today at 10:00 am ET"},"content":{"rendered":"
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MANITOWOC, Wis., Aug. 04, 2021 (GLOBE NEWSWIRE) — Orion Energy Systems, Inc.<\/strong> (NASDAQ: OESX) (Orion Lighting<\/u><\/a>), a provider of energy-efficient LED lighting, controls and IoT systems, including turnkey project implementation, program management and system maintenance, today reported results for its fiscal 2022 first quarter (Q1\u201922). Orion will hold an investor call today at 10:00 a.m. ET \u2013 details below.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Q1 Financial Highlights<\/strong>\n <\/td>\n\u00a0<\/td>\nPrior Three Quarters<\/td>\n<\/tr>\n
\n $ in millions except\u00a0<\/strong>
\n per share figures<\/strong>\n <\/td>\n		\n Q1\u201922<\/strong>\n <\/td>\nQ1\u201921<\/td>\nChange<\/td>\n\u00a0<\/td>\nQ4\u201921*<\/td>\nQ3’21<\/td>\nQ2\u201921<\/td>\n<\/tr>\n
\n Revenue <\/strong>\n <\/td>\n\n $<\/strong>
\n 35.1<\/strong>\n <\/td>\n		\u00a0<\/td>\n$10.8<\/td>\n\u00a0<\/td>\n$24.3<\/td>\n\u00a0<\/td>\n$35.5<\/td>\n\u00a0<\/td>\n$44.3<\/td>\n\u00a0<\/td>\n$26.3<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Gross Profit <\/strong>\n <\/td>\n\n $<\/strong>
\n 10.2<\/strong>\n <\/td>\n		\u00a0<\/td>\n$2.6<\/td>\n\u00a0<\/td>\n$7.6<\/td>\n\u00a0<\/td>\n$9.2<\/td>\n\u00a0<\/td>\n$11.0<\/td>\n\u00a0<\/td>\n$7.3<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Gross Profit %<\/strong>\n <\/td>\n\n 29.1<\/strong>
\n %<\/strong>\n <\/td>\n		\u00a0<\/td>\n24.4%<\/td>\n\u00a0<\/td>\n+477bps<\/td>\n\u00a0<\/td>\n26.0%<\/td>\n\u00a0<\/td>\n24.9%<\/td>\n\u00a0<\/td>\n27.6%<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net Income (Loss)*<\/strong>\n <\/td>\n\n $<\/strong>
\n 2.5<\/strong>\n <\/td>\n		\u00a0<\/td>\n($2.2)<\/td>\n\u00a0<\/td>\n$4.7<\/td>\n\u00a0<\/td>\n$22.1<\/td>\n\u00a0<\/td>\n$4.3<\/td>\n\u00a0<\/td>\n$1.9<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n EPS*<\/strong>\n <\/td>\n\n $<\/strong>
\n 0.08<\/strong>\n <\/td>\n		\u00a0<\/td>\n($0.07)<\/td>\n\u00a0<\/td>\n$0.15<\/td>\n\u00a0<\/td>\n$0.71<\/td>\n\u00a0<\/td>\n$0.14<\/td>\n\u00a0<\/td>\n$0.06<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net Income (Loss) Excluding Tax Benefit *<\/strong>\n <\/td>\n\n $<\/strong>
\n 2.5<\/strong>\n <\/td>\n		\u00a0<\/td>\n($2.2)<\/td>\n\u00a0<\/td>\n$4.7<\/td>\n\u00a0<\/td>\n$1.2<\/td>\n\u00a0<\/td>\n$4.3<\/td>\n\u00a0<\/td>\n$1.9<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n EPS Excluding Tax Benefit*<\/strong>\n <\/td>\n\n $<\/strong>
\n 0.08<\/strong>\n <\/td>\n		\u00a0<\/td>\n($0.07)<\/td>\n\u00a0<\/td>\n$0.15<\/td>\n\u00a0<\/td>\n$0.04<\/td>\n\u00a0<\/td>\n$0.14<\/td>\n\u00a0<\/td>\n$0.06<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n EBITDA**<\/strong>\n <\/td>\n\n $<\/strong>
\n 3.8<\/strong>\n <\/td>\n		\u00a0<\/td>\n($1.7)<\/td>\n\u00a0<\/td>\n$5.5<\/td>\n\u00a0<\/td>\n$2.9<\/td>\n\u00a0<\/td>\n$4.9<\/td>\n\u00a0<\/td>\n$2.3<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Cash & Equivalents<\/strong>\n <\/td>\n\n $<\/strong>
\n 15.9<\/strong>\n <\/td>\n		\u00a0<\/td>\n$10.8<\/td>\n\u00a0<\/td>\n$5.1<\/td>\n\u00a0<\/td>\n$19.4<\/td>\n\u00a0<\/td>\n$12.3<\/td>\n\u00a0<\/td>\n$12.1<\/td>\n\u00a0<\/td>\n<\/tr>\n
*Q4\u201921 Net Income and EPS include a non-cash tax benefit of $20.9M and $0.67 per diluted share, respectively, for the release of the valuation allowance against Orion\u2019s deferred tax assets; see reconciliation below.
**EBITDA reconciliation below.<\/td>\n<\/tr>\n<\/table>\n

\n Financial Highlights<\/strong>\n <\/p>\n