{"id":990059,"date":"2026-08-05T07:31:50","date_gmt":"2026-08-05T11:31:50","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/orion-reports-first-quarter-financial-results-revenue-increases-32-to-25-7m-net-income-at-2m\/"},"modified":"2026-08-05T07:31:50","modified_gmt":"2026-08-05T11:31:50","slug":"orion-reports-first-quarter-financial-results-revenue-increases-32-to-25-7m-net-income-at-2m","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/orion-reports-first-quarter-financial-results-revenue-increases-32-to-25-7m-net-income-at-2m\/","title":{"rendered":"Orion Reports First Quarter Financial Results: Revenue Increases 32% to 25.7M, Net Income at $2M"},"content":{"rendered":"
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MANITOWOC, Wis., Aug. 05, 2026 (GLOBE NEWSWIRE) — Orion Energy Systems, Inc.<\/strong> (NASDAQ: OESX) (Orion Lighting<\/a>), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today reported results for its fiscal 2027 first quarter (Q1\u201927) ended June 30, 2026.<\/p>\n

Orion\u2019s Q1\u201927 revenue was $25.7M versus $19.6M in Q1\u201926 up 32%, while Q1\u201927 gross margin was up by 450 basis points year-over-year at 34.6% versus 30.1% in Q1\u201926. The Company achieved net income of $2.0M in Q1\u201927, compared to a net loss of $1.2M in Q1\u201926. The Company achieved Q1\u201927 adjusted EBITDA of $2.5M \u2014 marking its seventh consecutive quarter of positive adjusted EBITDA \u2013 compared to adjusted EBITDA of $0.2M in Q1\u201926.<\/p>\n

\u201cOrion is on a path of profitable growth, increasing profitability and continued market expansion in FY\u201927,\u201d said Orion\u2019s Chief Executive Officer, Sally Washlow. \u201cToday\u2019s results for Q1\u201927 \u2014 our seventh straight quarter of positive adjusted EBITDA \u2014 demonstrate that we are advancing on that path.\u201d<\/p>\n

Ms. Washlow pointed to growth drivers ranging from Orion\u2019s expanding business within large customers to a multimillion-dollar entry into the burgeoning hyper-scale data center market to an array of new Orion offerings introduced to the marketplace in recent months.<\/p>\n

\u201cProduct and service introductions show continued traction, ranging from LED Lighting for hyper-scale data centers to Battery Storage and Electrical Contracting,\u201d said Ms. Washlow. \u201cWe have similarly high aspirations for our newly introduced LED Roadway product designed for public roads.\u201d<\/p>\n

Ms. Washlow also cited Orion\u2019s strengthening capabilities, such as a newly installed ERP system designed to scale with the Company\u2019s expected growth. She also noted its unsurpassed proprietary supply chain reliability, quality control and domestic sourcing compliance which are critical for government contracts, federal incentives and Buy American compliance.<\/p>\n

Orion is scheduled to discuss these results in an investor call today at 10:00 a.m. ET (details below).<\/p>\n

\n Webcast and Call Details<\/strong>
\n
Date \/ Time: Wednesday, August 5, 2026, at 10:00 a.m. ET
Live Call Registration: https:\/\/register-conf.media-server.com\/register\/BI9310cd50094241a1a190c4035fc8e3f6<\/a>
Live call participants must pre-register using the URL above to receive the dial-in information. Anyone can re-register if they lose the dial-in or PIN #.
Webcast & Replay:\u00a0https:\/\/register-conf.media-server.com\/register\/BI9310cd50094241a1a190c4035fc8e3f6<\/a><\/p>\n

\n Q1’27 and Prior Three Quarters Financial Performance<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Q1 Financial Summary<\/strong>\n <\/td>\n\u00a0<\/td>\nPrior Three Quarters<\/td>\n<\/tr>\n
$ in millions except per share figures<\/td>\n\n Q1\u201927<\/strong>\n <\/td>\nQ1\u201926<\/td>\nChange<\/td>\n\u00a0<\/td>\nQ4’26<\/td>\nQ3\u201926<\/td>\nQ2’26<\/td>\n<\/tr>\n
LED Lighting Revenue<\/td>\n\n $<\/strong>
\n 17.7<\/strong>\n <\/td>\n		$12.9<\/td>\n37%<\/td>\n\u00a0<\/td>\n$20.3<\/td>\n$12.1<\/td>\n$10.7<\/td>\n<\/tr>\n
EV Charging Revenue<\/td>\n\n $<\/strong>
\n 4.0<\/strong>\n <\/td>\n		$2.7<\/td>\n48%<\/td>\n\u00a0<\/td>\n$2.3<\/td>\n$4.7<\/td>\n$4.8<\/td>\n<\/tr>\n
Maintenance Revenue<\/td>\n\n $<\/strong>
\n 4.1<\/strong>\n <\/td>\n		$4.0<\/td>\n2%<\/td>\n\u00a0<\/td>\n$3.2<\/td>\n$4.4<\/td>\n$4.5<\/td>\n<\/tr>\n
\n Total Revenue<\/strong>\n <\/td>\n\n $<\/strong>
\n 25.7<\/strong>\n <\/td>\n		$19.6<\/td>\n32%<\/td>\n\u00a0<\/td>\n$25.7<\/td>\n$21.1<\/td>\n$19.9<\/td>\n<\/tr>\n
\n Gross Profit<\/strong>\n <\/td>\n\n $<\/strong>
\n 8.9<\/strong>\n <\/td>\n		$5.9<\/td>\n51%<\/td>\n\u00a0<\/td>\n$9.5<\/td>\n$6.5<\/td>\n$6.2<\/td>\n<\/tr>\n
\n Gross Profit %<\/strong>\n <\/td>\n\n 34.6<\/strong>
\n %<\/strong>\n <\/td>\n		30.1%<\/td>\n+450 bps<\/td>\n\u00a0<\/td>\n37.0%<\/td>\n30.9%<\/td>\n31.0%<\/td>\n<\/tr>\n
\n Net Income (Loss) <\/strong>(1)(2)(3)(4)(5)<\/td>\n\n $<\/strong>
\n 2.0<\/strong>\n <\/td>\n		$(1.2)<\/td>\n+$3.2<\/td>\n\u00a0<\/td>\n$(1.5)<\/td>\n$0.2<\/td>\n$(0.6)<\/td>\n<\/tr>\n
\n Net Income (Loss) per share <\/strong>(1)(2)(3)(4)(5)<\/td>\n\n $<\/strong>
\n 0.47<\/strong>\n <\/td>\n		$(0.37)<\/td>\n+$0.84<\/td>\n\u00a0<\/td>\n$(0.39)<\/td>\n$0.04<\/td>\n$(0.17)<\/td>\n<\/tr>\n
\n Adjusted EBITDA <\/strong>(3)<\/td>\n\n $<\/strong>
\n 2.5<\/strong>\n <\/td>\n		$0.2<\/td>\n+$2.3<\/td>\n\u00a0<\/td>\n$0.8<\/td>\n$0.8<\/td>\n$0.5<\/td>\n<\/tr>\n
(1) Voltrek earnout accrual and (net adjustments) was $1.7M in Q4’26.
(2) Q4’26 included $1.1M of expenses for the non-cash write-off of solar assets.
(3) Q1’26 included $0.6M of executive sign-on bonus and severance expenses.
(4) Q4’26 revenue included $1.3M associated with amending a solar energy contract that had no associated costs of goods.
(5) The net effect of tariffs for Q1’27 decreased costs of goods by approximately $0.3M.
(6) Adjusted EBITDA reconciliation provided below.<\/td>\n<\/tr>\n<\/table>\n

\n
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Q1\u201927 Business Highlights: Commentary from CEO Sally Washlow<\/strong>\n <\/p>\n

Orion\u2019s first-quarter results and full-year expectations continue to illustrate a strong sales funnel, expansion of wallet share within large customers, continuous strengthening of a truly unrivaled proprietary supply chain and continued cost management.<\/p>\n

Orion\u2019s first quarter illustrated noteworthy indicators of YOY growth:<\/p>\n

\u2014 Orion entered the hyper-scale data center market with an LED lighting solution specifically designed for this massive market in Q1\u201927. Quickly following the product announcement, the Company was awarded a multimillion-dollar customer engagement with one of the world’s largest hyper-scale data centers. Orion designed the MPHL2 to be a tailor-made LED Lighting solution for thousands of data centers to be built over the coming years. Meanwhile, the ability to provide unrivaled reliability, flexibility and scalability enables Orion to be a trusted supplier to the current data-center building boom. These unique attributes are of particular importance to Orion\u2019s inaugural data-center customer.<\/p>\n

\u2014 Orion\/Voltrek continued to adapt strategically to an evolving U.S. EV Charging Infrastructure environment. We continue to strengthen our incumbencies with respected innovators like the Boston Public Schools. And we bolstered our organization tremendously with our recent appointment of recognized industry leader Karen Peck to head EV Charging Infrastructure sales.<\/p>\n

\u2014 Maintenance recorded solid performance, thanks in large part to our customer-first approach.<\/p>\n

Automotive, retail and public-sector engagements continue to show notable strength and continued growth. Our customers are seeing that we meet them where they are \u2014 whether we deliver a product-only solution or provide complete turnkey, full-service electrical infrastructure powered by our own products that are designed, engineered and made right here in Manitowoc or sourced leveraging our proprietary supply chain.<\/p>\n

\n Q1\u201927 Financial Results <\/strong>\n <\/p>\n

Orion\u2019s Q1\u201927 revenue was $25.7M versus $19.6M in Q1\u201926, while Q1\u201927 gross margin was 34.6% versus 30.1% in Q1\u201926. The Company achieved net income of $2.0M in Q1\u201927 versus a net loss of $1.2M in Q1\u201926. The Company achieved Q1\u201927 adjusted EBITDA of $2.5M \u2014 marking its seventh consecutive quarter of positive adjusted EBITDA \u2014 compared to adjusted EBITDA of $0.2M in Q1\u201926.<\/p>\n

Orion also reported the following Q1\u201927 segment performance:<\/p>\n