Orion Energy Systems Reports 9% Revenue Growth Driven by LED Lighting Segment
Orion Energy Systems (OESX) reported a 9% increase in second-quarter revenue, reaching $21.7 million for fiscal 2027. This growth was primarily fueled by the LED Lighting segment, which saw a 40% surge in revenue to $14.9 million due to increased distribution sales and large-scale project activity. Despite this strength, the company faced headwinds in its EV Charging division, where revenue dropped 41% amid market uncertainty regarding infrastructure funding. The company achieved its eighth consecutive quarter of positive adjusted EBITDA ($12,000), demonstrating effective cost containment despite a net loss of $0.8 million. Management remains optimistic about the second half of the year, citing a substantial backlog and a major upcoming retail project valued between $10 million and $15 million. Full-year revenue guidance has been maintained at $100 million to $102 million.
Tickers: $OESX
Topics: EV charging decline financial guidance LED lighting net loss revenue growth
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