The sharp profitability inflection and strong revenue beat validate the turnaround thesis. Monitor whether the company can sustain positive net income in subsequent quarters and deliver on the full-year guidance range; the new data-center vertical adds a potential catalyst.
Price Chart
Executive Summary
Orion Energy Systems reported a blowout Q1 FY2027 (ending June 2026): revenue surged 32% YoY to $25.7M, GAAP diluted EPS of $0.47 vastly exceeded the -$0.01 consensus, and the company achieved net income of $2.0M versus a $1.2M loss a year ago. Adjusted EBITDA hit $2.5M, the seventh consecutive positive quarter. Management reiterated FY2027 guidance of $95M-$97M in revenue and positive adjusted EBITDA, underpinning the turnaround trajectory.
Key Financial Metrics
Key Facts
- Q1 FY2027 revenue $25.7M, up 32% YoY ($19.6M)
- GAAP diluted EPS $0.47 vs consensus -$0.01; net income $2.0M vs loss of $1.2M
- Adjusted EBITDA $2.5M, vs $0.2M in prior-year quarter; seventh consecutive positive quarter
- LED lighting revenue +37% to $17.7M; EV charging +48% to $4.0M; maintenance +2% to $4.1M
- Gross margin expanded 450bps to 34.6%; operating expenses declined to $6.8M
- FY2027 guidance reiterated: revenue $95M-$97M, positive adjusted EBITDA
- Operating cash flow $1.4M positive vs. -$0.5M use last year
Financial Impact
Revenue growth of $6.1M YoY, net income swing of +$3.2M; GAAP EPS surprise of $0.48 vs consensus; company now profitable on both GAAP and adjusted EBITDA basis
Risk Factors
- Project-based revenue creates quarterly lumpiness; large contract timing is unpredictable
- EV charging segment faces uncertainty from policy and funding shifts
- Tariff exposure could squeeze margins if costs rise or sourcing changes
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-333810 |
| Document: oesx-20260805.htm | 0001193125-26-333810 |
| Document: 0001193125-26-333810-index-headers.html | 0001193125-26-333810 |
| Document: 0001193125-26-333810-index.html | 0001193125-26-333810 |
| Document: 0001193125-26-333810.txt | 0001193125-26-333810 |
| 8-K Data (Synthetic) | 0001193125-26-333810 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 8d ago | SC 13G | $22.80 $19.56 | ▼ −14.21% | ▼ −14.07% | $20.05 (−12.06%) |
Sep 15, 2026 6w ago | 8-K | $26.91 $27.50 | ▲ +2.19% | ▲ +1.38% | $20.05 (−25.49%) |
Aug 5, 2026 11w ago | 8-K | $16.06 $20.59 | ▲ +28.21% | ▲ +27.86% | $20.05 (+24.84%) |
Jun 24, 2026 17w ago | DEFA14A | $9.57 $12.18 | ▲ +27.27% | ▲ +25.57% | $20.05 (+109.51%) |
Jun 4, 2026 20w ago | 8-K | $9.16 $9.46 | ▲ +3.28% | ▲ +5.83% | $20.05 (+118.89%) |
Jun 4, 2026 20w ago | Press Release | $9.16 $9.46 | ▲ +3.28% | ▲ +5.83% | $20.05 (+118.89%) |
May 19, 2026 23w ago | 8-K | $8.78 $10.40 | ▲ +18.45% | ▲ +16.20% | $20.05 (+128.36%) |
May 19, 2026 23w ago | Press Release | $8.78 $10.40 | ▼ −18.45% | ▼ −16.20% | $20.05 (−128.36%) |
Apr 16, 2026 27w ago | 8-K | $9.55 $9.25 | ▼ −3.14% | ▼ −3.70% | $20.05 (+109.95%) |
Apr 15, 2026 27w ago | Press Release | $10.01 $9.50 | ▼ −5.09% | ▼ −6.73% | $20.05 (+100.30%) |
US Market Status
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