Core Viewpoint - Orion Energy Systems, Inc. will participate in the iAccess Alpha Virtual Best Ideas Fall Investment Conference on September 16 and 17, 2025, showcasing its energy-efficient solutions and engaging with investors [1][4]. Company Participation - CEO Sally Washlow will present at 11 a.m. ET on September 16 and will be available for one-on-one meetings with investors on September 17 [2]. - A live webcast of the presentation will be accessible, with a replay available afterward on the company's investor relations website [3]. Conference Details - The iAccess Alpha conference features companies recommended by investors, with presentations on Day 1 and one-on-one meetings on Day 2 [4]. - Interested parties can register and schedule meetings through the conference website [4]. Company Overview - Orion Energy Systems specializes in energy efficiency and clean technology solutions, including LED lighting, EV charging solutions, and maintenance services [5]. - The company focuses on turnkey solutions for large national customers and aims to help clients achieve business and environmental goals [5].

Core Viewpoint - Orion Energy Systems, Inc. will participate in the 27th Annual H.C. Wainwright Global Investment Conference from September 8 to September 10, 2025, highlighting its focus on energy-efficient solutions and investor engagement [1][2]. Company Overview - Orion Energy Systems specializes in energy efficiency and clean technology solutions, including LED lighting, EV charging stations, and maintenance services [5]. - The company offers turnkey design-through-installation solutions for large national customers and collaborates with ESCO and distribution partners to meet business and environmental goals [5]. Event Details - CEO Sally Washlow will present the company and be available for one-on-one investor meetings during the conference [2][4]. - Investors interested in meetings can contact their H.C. Wainwright representative or email the provided contact [4]. Presentation Information - The Orion webcast is scheduled for September 8, 2025, from 12:00 to 12:30 EDT, and can be accessed via a specific link at the scheduled time [9].

Core Insights - Orion Energy Systems, Inc. is expanding its Voltrek division to the Southeastern United States in response to increasing demand for EV charging and electrical infrastructure solutions [1][2] - The new office in Jacksonville, Florida, will be led by William B. Rigsby, who has a strong background in sales growth within the EV charging industry [2][3] - The expansion aligns with federal guidance on the allocation of $5 billion in public funds for EV charging infrastructure, with 84% of the funds yet to be allocated [4] Company Expansion - The Jacksonville office marks the third regional expansion for Orion/Voltrek, following its existing facilities in Lawrence, MA, and Manitowoc, WI [2] - The initiative demonstrates Orion/Voltrek's commitment to being present where customers are located, enhancing their service capabilities [5] Leadership and Expertise - William Rigsby brings over 15 years of experience in the EV charging sector, having previously served as Vice President of Sales Operations at NovaCHARGE, Inc. [3] - His leadership is expected to drive significant sales growth and market expansion for the Voltrek division in the Southeast [3][4] Market Context - The expansion is in line with a broader market trend where decision-making regarding EV charging infrastructure is increasingly shifting to state-level authorities [5] - Orion's Voltrek division is well-positioned to meet the evolving needs of the market, particularly with the federal emphasis on reliable charging infrastructure [4][5]

Group 1 - Orion Energy Systems, Inc. (OESX) closed at $7.31, with a 21.9% gain over the past four weeks, and a mean price target of $17.83 suggests a 143.9% upside potential [1] - The mean estimate includes three short-term price targets with a standard deviation of $2.57, indicating variability among analysts; the lowest estimate is $15.00 (105.2% increase), while the highest is $20.00 (173.6% increase) [2] - Analysts show strong agreement in revising earnings estimates higher, which correlates with potential stock price movements, as the Zacks Consensus Estimate has increased by 33.9% [11][12] Group 2 - OESX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating strong potential upside [13] - While the consensus price target may not be a reliable indicator of the extent of gains, it does provide a directional guide for price movement [14]

MANITOWOC, Wisc., Aug. 27, 2025 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today announced that it will participate in Singular Research’s Emerging Growth & Value Alpha Leaders Conference. The conference takes place September 10, 2025, at the AMA Executive Conference Center at 1601 Broadway (entrance on 48th Street) in New York City. Orion Chief Execut ...

Core Insights - Orion Energy Systems, Inc. supports the recent federal guidance directing $5 billion in public funds to enhance EV charging infrastructure, aligning with the quality standards already established by its Voltrek division [1][2] - The federal directive emphasizes state-level decision-making, presenting a significant market opportunity for Orion/Voltrek as 84% of the NEVI funding remains unallocated [2] Company Overview - Orion Energy Systems specializes in energy-efficient solutions, including LED lighting, EV charging stations, and maintenance services, focusing on large national customers and projects through ESCO and distribution partners [3] - The company is committed to helping customers achieve business and environmental goals while reducing carbon footprints and enhancing performance [3] Recent Developments - Orion/Voltrek is actively involved in the deployment and maintenance of EV charging stations, including a project with Boston Public Schools to electrify 100% of its 750 school buses [2]

Core Insights - Orion Energy Systems, Inc. has secured a $2 million contract to install four High Power DC EV chargers for the Massachusetts Department of Transportation (MassDOT) [1][2] - The installations are part of MassDOT's five-year plan to enhance EV charging infrastructure across the state, particularly at travel plazas along the Massachusetts Turnpike [2] - Orion's Voltrek division is also involved in a significant initiative to electrify Boston Public Schools' bus fleet, with a recent contract for 90 EV charging stations valued at $6.5 million [3] Company Developments - Orion has recently announced contracts with five major enterprise customers, totaling $15.5 million in revenue, indicating a strong growth trajectory [4] - The company aims to achieve positive adjusted EBITDA on projected revenue of approximately $84 million for FY 2026 [4] - Orion specializes in energy efficiency and clean tech solutions, including LED lighting and EV charging solutions, focusing on large national customers and projects through ESCO and distribution partners [5] Industry Context - The deployment of EV charging stations is a critical component of Massachusetts' strategy to increase the availability of charging infrastructure in both urban and rural areas [2] - Orion's role in MassDOT's EV infrastructure rollout positions the company as a trusted partner in a rapidly growing sector [4]

Core Viewpoint - Orion Energy Systems, Inc. has announced a 1-for-10 reverse stock split to comply with Nasdaq's minimum bid price requirement of $1.00 per share, effective August 22, 2025 [1][3]. Group 1: Reverse Stock Split Details - The reverse stock split will reduce the number of shares from approximately 35.2 million to about 3.5 million, and the total authorized shares will decrease from 200 million to 20 million [3]. - Shareholders will not receive fractional shares; instead, they will receive a cash payment based on the closing price prior to the split [3]. - The reverse stock split will also adjust all outstanding options and similar securities proportionally [4]. Group 2: Shareholder Impact - The reverse stock split will affect all shareholders uniformly, maintaining their percentage ownership interest in the company, except for those receiving fractional shares [2]. - Equinity Trust Company, LLC will act as the exchange agent, providing instructions for shareholders with physical stock certificates [5]. Group 3: Company Overview - Orion Energy Systems specializes in energy-efficient solutions, including LED lighting and electric vehicle charging stations, focusing on large national customers and sustainability [6].

PART I [Financial Statements](index=3&type=section&id=ITEM%201.%20Financial%20Statements%20(unaudited)) This section presents the unaudited condensed consolidated financial statements for the quarter ended June 30, 2025, including balance sheets, statements of operations, shareholders' equity, and cash flows, along with accompanying notes. [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025, total assets decreased to $49.0 million from $52.5 million, primarily due to a reduction in cash and cash equivalents, while total liabilities and shareholders' equity also declined. Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2025 | March 31, 2025 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $3,564 | $5,972 | | Total current assets | $32,667 | $35,498 | | Total assets | $49,017 | $52,463 | | **Liabilities & Equity** | | | | Total current liabilities | $26,553 | $26,844 | | Total liabilities | $38,211 | $40,579 | | Total shareholders' equity | $10,806 | $11,884 | [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For the three months ended June 30, 2025, the company reported a net loss of $1.2 million, a significant improvement from a $3.8 million net loss in the prior-year period, driven by increased gross profit despite a slight revenue decrease. Statements of Operations Summary (in thousands, except per share data) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | | :--- | :--- | :--- | | Total revenue | $19,575 | $19,906 | | Gross profit | $5,901 | $4,299 | | Loss from operations | $(1,013) | $(3,432) | | Net loss | $(1,244) | $(3,758) | | Basic net loss per share | $(0.04) | $(0.12) | [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operating activities significantly improved to $0.5 million for the first quarter of fiscal 2026, but financing activities used $1.8 million, resulting in a net decrease in cash and cash equivalents to $3.6 million. Cash Flow Summary (in thousands) | Activity | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net cash used in operating activities | $(515) | $(2,962) | | Net cash used in investing activities | $(55) | $(24) | | Net cash (used in) provided by financing activities | $(1,838) | $3,523 | | Net (decrease) increase in cash | $(2,408) | $537 | | Cash and cash equivalents at end of period | $3,564 | $5,692 | [Notes to the Condensed Consolidated Financial Statements](index=7&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) These notes provide crucial context to the financial statements, detailing accounting policies, revenue breakdown, debt structure, and segment performance, including significant customer concentration and a NASDAQ compliance issue. - For the three months ended June 30, 2025, one customer accounted for **30.2% of total revenue**, indicating significant customer concentration risk[25](index=25&type=chunk) - The company received a notice from NASDAQ for not meeting the minimum **$1.00 bid price requirement** and has until September 15, 2025, to regain compliance, potentially through a reverse stock split[26](index=26&type=chunk)[27](index=27&type=chunk)[28](index=28&type=chunk) Revenue by Segment (in thousands) - Q1 FY2026 vs Q1 FY2025 | Segment | Q1 2025 Revenue | Q1 2024 Revenue | | :--- | :--- | :--- | | Lighting product and installation | $12,716 | $12,719 | | Maintenance services | $3,997 | $3,323 | | Electric vehicle charging | $2,696 | $3,830 | | **Total Revenue** | **$19,575** | **$19,906** | - As of June 30, 2025, the company has accrued **$3.3 million** for the unpaid acquisition earn-out related to the Voltrek acquisition, with a subsequent term sheet entered into to settle these obligations[57](index=57&type=chunk)[70](index=70&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=23&type=section&id=ITEM%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 FY26 financial results, highlighting a slight revenue decrease but significant improvements in gross profit and operating loss due to better margins and cost reductions, alongside updates on liquidity and backlog. [Results of Operations](index=26&type=section&id=Results%20of%20Operations) In Q1 FY26, total revenue decreased slightly by 1.7% to $19.6 million, but gross margin improved significantly from 21.6% to 30.1%, leading to a 66.9% reduction in net loss to $1.2 million. Q1 FY26 vs Q1 FY25 Performance Summary (in thousands) | Metric | Q1 2025 | Q1 2024 | % Change | | :--- | :--- | :--- | :--- | | Total revenue | $19,575 | $19,906 | (1.7)% | | Gross profit | $5,901 | $4,299 | 37.3% | | Loss from operations | $(1,013) | $(3,432) | (70.5)% | | Net loss | $(1,244) | $(3,758) | (66.9)% | - The decrease in operating expenses was primarily due to reduced wages and benefits resulting from restructuring that took place in fiscal 2025[120](index=120&type=chunk)[121](index=121&type=chunk) [Segment Analysis](index=27&type=section&id=Segment%20Analysis) The Maintenance segment showed strong performance in Q1 FY26 with a 20.2% revenue increase and a swing to operating profit, while the Lighting segment improved operating income despite flat revenue, and the EV segment faced declining revenue and widening losses. Segment Operating Results (in thousands) - Q1 FY26 vs Q1 FY25 | Segment | Revenue (Q1'26) | Operating Income/(Loss) (Q1'26) | Revenue (Q1'25) | Operating Income/(Loss) (Q1'25) | | :--- | :--- | :--- | :--- | :--- | | Lighting | $12,882 | $235 | $12,751 | $(1,206) | | Maintenance | $3,997 | $128 | $3,324 | $(976) | | EV | $2,696 | $(322) | $3,831 | $(231) | [Liquidity and Capital Resources](index=28&type=section&id=Liquidity%20and%20Capital%20Resources) The company's cash decreased to $3.6 million due to operating losses and debt repayment, but its backlog grew to $19.0 million, and management believes existing cash and credit availability are sufficient for the next 12 months. - Cash and cash equivalents decreased to **$3.6 million** as of June 30, 2025, from **$6.0 million** at March 31, 2025[128](index=128&type=chunk) - As of June 30, 2025, the company had **$11.5 million** of availability under its revolving credit facility, with **$5.3 million** drawn[137](index=137&type=chunk) - Backlog increased to **$19.0 million** as of June 30, 2025, from **$17.3 million** at the end of the prior fiscal year[144](index=144&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=31&type=section&id=ITEM%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company reports no material changes to its market risk exposures since the end of its last fiscal year on March 31, 2025. - There have been no material changes to the company's market risk exposures since March 31, 2025[149](index=149&type=chunk) [Controls and Procedures](index=31&type=section&id=ITEM%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures were effective as of June 30, 2025, with no material changes in internal control over financial reporting during the quarter. - Management concluded that disclosure controls and procedures were effective as of June 30, 2025[151](index=151&type=chunk) - No material changes were identified in the company's internal control over financial reporting for the quarter ended June 30, 2025[152](index=152&type=chunk) PART II OTHER INFORMATION [Legal Proceedings](index=32&type=section&id=ITEM%201.%20Legal%20Proceedings) The company is subject to various claims and legal proceedings in the ordinary course of business but does not expect them to have a material adverse effect on its financial results. - The company does not believe that any current legal proceedings will have a material adverse effect on its future results of operations or financial condition[154](index=154&type=chunk) [Risk Factors](index=32&type=section&id=ITEM%201A.%20Risk%20Factors) This section refers investors to the detailed discussion of risk factors in the company's Annual Report on Form 10-K for the fiscal year ended March 31, 2025, indicating no new material risks have been identified. - For a comprehensive discussion of risks, the company refers to Part I, Item 1A of its Annual Report on Form 10-K for the fiscal year ended March 31, 2025[155](index=155&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=32&type=section&id=ITEM%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported two instances of unregistered equity sales, including approximately 1.65 million shares issued for the Voltrek earn-out and restricted stock and options granted to a new executive. - On July 16, 2025, the company issued **1,649,077 shares** of Common Stock as earn-out consideration related to the Voltrek acquisition, exempt from registration under Section 4(a)(2) of the Securities Act[156](index=156&type=chunk) - On July 18, 2025, the company granted **100,000 restricted shares** and a non-qualified stock option for **125,000 shares** to a new Senior Vice President as a material inducement for employment[157](index=157&type=chunk) [Other Information](index=32&type=section&id=ITEM%205.%20Other%20Information) During the quarter ended June 30, 2025, none of the company's directors or officers adopted or terminated a Rule 10b5-1 trading plan. - No directors or officers adopted or terminated a Rule 10b5-1 trading arrangement during the three months ended June 30, 2025[159](index=159&type=chunk) [Exhibits](index=33&type=section&id=ITEM%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including an amendment to the Voltrek earn-out term sheet and certifications by the CEO and CFO. - The report includes several exhibits, such as the Earn Out Term Sheet Amendment dated July 31, 2025, and CEO/CFO certifications pursuant to securities laws[163](index=163&type=chunk)

Financial Data and Key Metrics Changes - Orion reported Q1 2026 revenue of $19.6 million, a slight decrease from $19.9 million in Q1 2025, with two of the three segments showing year-over-year growth [19] - The gross profit percentage rose to over 30% for the first time in six years, with a net loss reduced to $1.2 million from $3.6 million in Q1 2025 [11][17] - Adjusted EBITDA improved to positive $200,000 in Q1 2026 compared to a negative $1.8 million in Q1 2025 [22] Business Line Data and Key Metrics Changes - LED lighting segment revenue increased by 1% to $12.9 million, while the electrical maintenance segment revenue rose by 21% to $4 million [19][20] - EV charging solutions revenue decreased to $2.7 million from $3.8 million, primarily due to the timing of larger projects [20] - The gross margin for the LED lighting segment improved to 31.8% from 22.6%, and the maintenance segment gross margin increased to 22.4% from 3.8% [20] Market Data and Key Metrics Changes - The company is experiencing tailwinds in all three business lines nationally and regionally, with a focus on converting quality leadership into market leadership [8] - The electrical infrastructure market is seeing significant investments, providing a unique opportunity for Orion to leverage its expertise [15] Company Strategy and Development Direction - The company aims to achieve $84 million in revenue for FY 2026, with a growth expectation of 5% [24] - Orion is focusing on enhancing margins, reducing costs, and expanding its footprint in existing maintenance service customers [12][13] - The decision was made to retain the existing operational structure rather than reorganizing into two business units, allowing for better integration of EV solutions [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving year-over-year growth in revenue, profitability, and shareholder value [6] - The company anticipates modest growth in LED lighting and electrical maintenance revenues, with flat to slightly lower EV charging revenues due to funding uncertainties [25] - Management believes that the company is well-positioned to manage tariff impacts due to its domestic manufacturing capabilities [25] Other Important Information - Orion has made significant reductions in overhead and has built a diversified pipeline of revenue to support growth [17] - The company has reduced total operating expenses by 10.6% to $6.9 million in Q1 2026 from $7.7 million in Q1 2025 [12][22] Q&A Session Summary Question: Interest in electrical infrastructure and potential investment needed - Management indicated that they are in the early stages of electrical infrastructure development and believe their current infrastructure can manage growth without significant initial investment [32] Question: Expectations for pipeline impact in fiscal 2027 and beyond - Management confirmed that the current pipeline will contribute to revenue growth in fiscal 2027 and beyond [35] Question: Details on the electrical infrastructure project - Management stated that the initial project involves expanding electrical infrastructure work based on customer requests, with more details to be shared in future releases [39][40] Question: Clarification on the Boston Public Schools contract - Management clarified that the recent $6.5 million contract is an expansion of previous work done for the Boston Public Schools, indicating a significant increase in project scope [43][46] Question: Status of fluorescent bulb ban and its impact - Management acknowledged the potential impact of the fluorescent bulb ban on business but indicated that it is too early to assess enforcement [50][52]