Watch for FY2027 execution against $95-97M revenue guidance and continued margin expansion. The company's sixth consecutive positive adjusted EBITDA quarter supports the turnaround narrative, but net loss persists and EV charging revenue declined
Price Chart
Executive Summary
Orion Energy Systems reported Q4 FY2026 revenue of $25.7M (+23% YoY) and a narrower net loss of $1.5M, with adjusted EBITDA of $0.8M. The company reiterated FY2027 guidance of $95M-$97M in revenue and positive adjusted EBITDA, confirming the preliminary announcement from May 19.
Key Financial Metrics
Key Facts
- Q4'26 revenue $25.7M up 23% YoY from $20.9M
- Q4'26 net loss $(1.5M) improved from $(2.9M)
- Q4'26 adjusted EBITDA $0.8M, sixth consecutive positive quarter
- FY'26 revenue $86.3M up 8% from $79.7M
- FY'26 net loss $(3.2M) vs $(11.8M) prior year
- FY'27 guidance reiterated: revenue $95M-$97M and positive adjusted EBITDA
- Gross margin expanded to 37.0% in Q4 from 27.5% in Q4'25
Financial Impact
Revenue +23% YoY, gross margin +950bps to 37.0%, net loss halved to $1.5M
Risk Factors
- Project-based revenue and customer concentration
- EV charging segment revenue down 61% in Q4
- Operating cash flow negative $(1.1M) for FY'26
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-256436 |
| Document: oesx-20260604.htm | 0001193125-26-256436 |
| Document: 0001193125-26-256436-index-headers.html | 0001193125-26-256436 |
| Document: 0001193125-26-256436-index.html | 0001193125-26-256436 |
| Document: 0001193125-26-256436.txt | 0001193125-26-256436 |
| 8-K Data (Synthetic) | 0001193125-26-256436 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 8d ago | SC 13G | $22.80 $19.56 | ▼ −14.21% | ▼ −14.07% | $20.20 (−11.38%) |
Sep 15, 2026 6w ago | 8-K | $26.91 $27.50 | ▲ +2.19% | ▲ +1.38% | $20.20 (−24.92%) |
Aug 5, 2026 11w ago | 8-K | $16.06 $20.59 | ▲ +28.21% | ▲ +27.86% | $20.20 (+25.81%) |
Jun 24, 2026 17w ago | DEFA14A | $9.57 $12.18 | ▲ +27.27% | ▲ +25.57% | $20.20 (+111.13%) |
Jun 4, 2026 20w ago | 8-K | $9.16 $9.46 | ▲ +3.28% | ▲ +5.83% | $20.20 (+120.58%) |
Jun 4, 2026 20w ago | Press Release | $9.16 $9.46 | ▲ +3.28% | ▲ +5.83% | $20.20 (+120.58%) |
May 19, 2026 23w ago | 8-K | $8.78 $10.40 | ▲ +18.45% | ▲ +16.20% | $20.20 (+130.13%) |
May 19, 2026 23w ago | Press Release | $8.78 $10.40 | ▼ −18.45% | ▼ −16.20% | $20.20 (−130.13%) |
Apr 16, 2026 27w ago | 8-K | $9.55 $9.25 | ▼ −3.14% | ▼ −3.70% | $20.20 (+111.57%) |
Apr 15, 2026 27w ago | Press Release | $10.01 $9.50 | ▼ −5.09% | ▼ −6.73% | $20.20 (+101.85%) |
US Market Status
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