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Orion Energy Systems Inc (OESX.OQ)

OESX.OQ on NASDAQ Stock Exchange Capital Market

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20 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Orion Energy Systems Posts Q3 Loss Per Share $0.05
Wednesday, 7 Feb 2018 08:00am EST 

Feb 7 (Reuters) - Orion Energy Systems Inc ::ENERGY-EFFICIENT LED LIGHTING MANUFACTURER ORION REPORTS Q3'18 REVENUE ROSE SEQUENTIALLY TO $17.3M; IDENTIFIES $1.5M IN ADDITIONAL OVERHEAD REDUCTIONS.Q3 REVENUE FELL 16 PERCENT TO $17.3 MILLION.SEES FY 2018 REVENUE ABOUT $62 MILLION.Q3 LOSS PER SHARE $0.05.NOW EXPECTS REVENUE FROM ITS TWO LARGEST AUTOMOTIVE CUSTOMERS TO TOTAL ABOUT $12 MILLION IN FY 2018 AND $14 MILLION IN FY 2019.‍ORION NOW IS TARGETING ITS Q4'18 REVENUE TO BE SIMILAR TO Q3'18​.ORION ENERGY SYSTEMS - EXPECTS TO RECORD NON-RECURRING CHARGES OF ABOUT $0.25 MILLION IN Q4'18 RELATED TO ADDITIONAL $1.5 MILLION IN ANNUALIZED COST REDUCTIONS​.ORION ENERGY SYSTEMS - EXPECTS TO RECORD NON-RECURRING CHARGES OF ABOUT $0.25 MILLION IN Q4 RELATED TO ADDITIONAL $1.5 MILLION IN ANNUALIZED COST REDUCTIONS.  Full Article

Orion reports Q2 loss per share $0.13
Thursday, 2 Nov 2017 08:00am EDT 

Nov 2 (Reuters) - Orion Energy Systems Inc :Energy-Efficient led lighting manufacturer orion reports q2'18 revenue of $15.4m and positive cash flow from operations of $1.1m.Sees FY 2019 revenue at least $10 million.Q2 revenue $15.4 million versus I/B/E/S view $17.5 million.Q2 loss per share $0.13.Sees FY 2018 revenue about $13 million.Q2 earnings per share view $-0.12 -- Thomson Reuters I/B/E/S.Orion Energy Systems Inc - ‍Q2 '18 backlog of $6.5m was flat compared to Q1 '18​.  Full Article

Orion Energy Systems Inc Q1 ‍diluted net loss per share $0.23 ​
Friday, 4 Aug 2017 08:00am EDT 

Aug 4 (Reuters) - Orion Energy Systems Inc :Orion reports Q1’18 revenue of $12.6m and reviews cost reduction progress.Orion Energy Systems Inc qtrly ‍diluted net loss per share $0.23 ​.Qtrly revenue $12.6 million versus $15.6 million.Orion Energy Systems Inc - company is not providing specific financial guidance for fiscal 2018.  Full Article

Orion reports qtrly loss per share of $0.26
Thursday, 8 Jun 2017 04:03pm EDT 

June 8 (Reuters) - Orion Energy Systems Inc :Energy efficient LED lighting provider orion announces FY 2017 revenue rose 4 pct to $70.2mln; plans to drive growth; implementing cost reductions to accelerate path to profitability.Revenue growth goal of 10-15 pct for full year FY 2018.For FY 2018 co expects to trim $3.5 million- $4.0 million of annualized costs or about 12-13 pct versus FY 2017 levels, under its cost reduction plan.Says for FY18, co's executive team and outside directors are reducing their total annual compensation by about 35 pct.Qtrly net loss per share $0.26.Believes it can reach goals of 30 pct gross profit margin & breakeven on an ebitda basis, by its fiscal 2018 Q4, before non-recurring item.Expects to record a non-recurring charge of $1.5 million-$2.0 million, principally in Q1 FY 2018, related to its cost cutting initiatives.  Full Article

Orion Energy Systems says CEO John Scribante has left company
Friday, 26 May 2017 08:30am EDT 

May 26 (Reuters) - Orion Energy Systems Inc :Says as part of this management restructuring, chief executive officer, John Scribante, has left company.Says current board chair, Mike Altschaefl, has assumed chief executive officer role.Says co's previously scheduled May 26, 2017 earnings call is being temporarily postponed.Orion Energy Systems - call postponed to allow co's management team to provide more specific details on its goals and objectives for fiscal 2018.Says new earnings call date and time will be announced in near future.Orion Energy Systems - Mike Potts and Marc Meade, both current exec vice presidents, have primary responsibility for substantially reducing co's cost structure and for streamlining operations.  Full Article

Orion Energy Systems Q4 2017 preliminary revenue declined 17-19 pct
Tuesday, 25 Apr 2017 05:45pm EDT 

April 25 (Reuters) - Orion Energy Systems Inc : :Orion Energy Systems - Q4 2017 preliminary, unaudited revenue declined 17-19 pct to approximately $15.1-$15.5 million, compared to $18.6 million in Q4 2016.Gross margin estimate for FY 2017 is expected to be approximately 25 pct versus previous guidance of at or near 30 pct.  Full Article

Orion Energy Systems Inc Q3 loss per share $0.04
Wednesday, 8 Feb 2017 08:30am EST 

Orion Energy Systems Inc : Orion Energy Systems Inc - qtrly revenue rose 23% to $20.6 million . Orion Energy Systems Inc - qtrly loss per share $ 0.04 . Q3 earnings per share view $-0.04, revenue view $21.3 million -- Thomson Reuters I/B/E/S . Qtrly backlog rose 28% to $9.6 million from $7.5 million in q3'16 . Orion Energy Systems Inc -expects total revenue to grow by 10-15% in fiscal 2017 . Orion Energy Systems Inc - gross margin expected to remain at or near 30% for balance of fiscal 2017 .FY2017 revenue view $77.3 million -- Thomson Reuters I/B/E/S.  Full Article

Judge dismissed all claims against Orion brought by former CEO Neal Verfuerth
Tuesday, 30 Aug 2016 09:00am EDT 

Orion Energy Systems Inc :Judge of US Federal Wisconsin Eastern District Court dismissed all claims against Orion brought by former CEO Neal Verfuerth.  Full Article

Orion Energy qtrly diluted net loss per share $0.11
Tuesday, 2 Aug 2016 04:05pm EDT 

Orion Energy Systems Inc : Orion energy systems announces financial results for the first quarter of fiscal 2017 . Q1 revenue $15.6 million versus i/b/e/s view $17 million . Company is revising its expectations for growth in fiscal 2017 . Currently believes that total revenue should grow by 10-20 percent in fiscal 2017 . Management still believes that company's gross margin should approach 30% threshold by end of this fiscal year . Orion energy systems inc qtrly diluted net loss per share $0.11 .As of june 30, 2016, orion had a backlog of $12.6 million in lighting orders, compared to $5.2 million at end of q1 fy16.  Full Article

Orion Energy Systems reports Q4 loss per share $0.39
Thursday, 2 Jun 2016 04:05pm EDT 

Orion Energy Systems Inc : Orion Energy Systems announces fiscal 2016 fourth quarter and full year results . Q4 loss per share $0.39 . Q4 revenue $18.6 million versus $19.4 million . "we can generate a minimum of $80 million in sales in fiscal 2017" . "we also expect gross margin expansion leading to just over 30 pct by end of fiscal Q4 2017" .As of March 31, 2016, co had backlog of $5.6 million in lighting orders, compared to $7.5 million as of December 31, 2015.  Full Article

BRIEF-Orion Energy Systems Posts Q3 Loss Per Share $0.05

* ENERGY-EFFICIENT LED LIGHTING MANUFACTURER ORION REPORTS Q3'18 REVENUE ROSE SEQUENTIALLY TO $17.3M; IDENTIFIES $1.5M IN ADDITIONAL OVERHEAD REDUCTIONS