Orion Energy Systems (NASDAQ:OESX) Releases Quarterly Earnings Results, Beats Expectations By $0.22 EPS

Orion Energy Systems (NASDAQ:OESX) posted its earnings results on Thursday. The electronics maker reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.22, FiscalAI reports. The company had revenue of $21.09 million during the quarter, compared to analyst estimates of $20.81 million. Orion Energy Systems had a negative return on equity of 43.64% and a negative net margin of 7.81%.

Here are the key takeaways from Orion Energy Systems’ conference call:

• Orion raised its FY2026 guidance to $84–$86 million in revenue with positive Adjusted EBITDA and set FY2027 targets of $95–$97 million with positive Adjusted EBITDA, signaling management expects continued profitable growth.
• The company reported its fifth consecutive quarter of positive Adjusted EBITDA with Q3 revenue of $21.1 million, net income of $160,000 ($0.04/share), adjusted EBITDA of $761,000, and overall gross margin improvement to 30.9% year-over-year.
• Management highlighted significant project wins and backlog expansion, including a $14–$15 million exterior lighting project (mainly in H1 FY2027) and a $4 million Boston Public Schools EV charging installation, plus growing work in electrical infrastructure and localized battery storage.
• Orion raised approximately $6.4 million by issuing 500,000 shares to fund growth and pay down its revolver, leaving available liquidity of about $11.8 million (down from $13.0 million at year-end), a mixed signal on capitalization and dilution.

Orion Energy Systems Trading Down 2.7%

NASDAQ OESX traded down $0.38 during trading hours on Thursday, hitting $13.51. 101,046 shares of the company’s stock were exchanged, compared to its average volume of 68,635. Orion Energy Systems has a 12-month low of $5.50 and a 12-month high of $18.64. The firm has a market capitalization of $47.70 million, a P/E ratio of -6.75 and a beta of 0.54. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.90 and a current ratio of 1.34. The business’s 50 day moving average is $16.41 and its 200-day moving average is $11.44.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on OESX shares. Weiss Ratings restated a “sell (d-)” rating on shares of Orion Energy Systems in a report on Friday, January 9th. Wall Street Zen raised Orion Energy Systems to a “strong-buy” rating in a research note on Saturday, December 6th. Finally, Zacks Research upgraded Orion Energy Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Orion Energy Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.50.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.

The company’s product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.