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Orion Office REIT: 3 Reasons We Are Moving To A Strong Sell
Seeking Alpha· 2024-10-08 20:42
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Orion Secures $25 Million LED Lighting Contract, Boosts Growth
ZACKS· 2024-10-08 17:13
Core Insights - Orion Energy Systems (OESX) has secured a five-year contract extension with a major retail client to supply all interior and exterior LED lighting fixtures for new store construction projects, expected to generate between $23 million and $30 million in total revenues and annual earnings of $4.5 million to $6 million [1][3]. Group 1: Contract Details - The new contract builds on a previous successful partnership where Orion completed a full LED retrofit across the client's existing stores, demonstrating the reliability and quality of Orion's products [2]. - Shipments for the new contract are set to begin in Orion's third-quarter fiscal 2025, aligning with the growing demand for energy-efficient lighting in commercial retail spaces and green building initiatives [3]. Group 2: Market Position and Expansion - The contract will enhance Orion's nationwide presence, as the company is already providing LED lighting maintenance to over 2,000 of the client's stores, showcasing a comprehensive approach to customer satisfaction [4]. - This deal not only strengthens Orion's financial position but also enhances its reputation as a trusted partner in the energy-efficient lighting sector [5]. Group 3: Financial Performance Context - Despite the positive contract news, Orion's shares have decreased by 4.6% over the past six months, contrasting with the industry's growth of 14.3%, primarily due to inflationary pressures affecting older contracts [7]. - In response to rising costs, Orion has increased pricing to better align profit margins with overall business performance [7].
Orion Secures 5-Year, $25M Contract to Supply LED Lighting Fixtures For Major Retail Customer's New Store Construction Projects
GlobeNewswire News Room· 2024-10-07 12:27
MANITOWOC, Wis., Oct. 07, 2024 (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 the signing of a 5-year contract extension with an existing major retail customer to supply all interior and exterior LED lighting fixtures for their expanding schedule of new store construction projects. Orion estimates the annual value of the contract to range b ...
Will Meta's Orion smart glasses be the next 'iPhone moment'?
TechXplore· 2024-09-30 18:40
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Pixabay/CC0 Public Domain Meta supremo Mark Zuckerberg unveiled Orion smart glasses, a new augmented reality (AR) prototype, at the annual Meta Connect developer conference. Ten years in the making, and still not expected on high streets until 2027, these will be a new way to meld the real and digital worlds. They will be ...
Meta's Orion Smart Glasses Could Be Revolutionary: Is the $2 Trillion Club in its Future?
The Motley Fool· 2024-09-30 13:00
Last week, Meta unveiled its most futuristic AR glasses to date. The stock of Meta Platforms (META -0.09%) has been on fire this year, but not because of its Metaverse efforts, as the companies' new name implies. Rather, Meta's core social media ad business has recovered nicely from the 2022 slump, helped along by smarter artificial intelligence algorithms. Speaking of AI, Meta's opensource Llama large language models (LLMs) have also made headlines this year. In turn, Meta is now regarded as a major AI pla ...
Hands-on with Meta's Orion AR glasses prototype and the possible future of computing
CNBC· 2024-09-27 10:00
Meta CEO Mark Zuckerberg presents Orion AR Glasses, as he makes a keynote speech during the Meta Connect annual event, at the company's headquarters in Menlo Park, California, U.S. September 25, 2024. The most impressive aspect of Meta's Orion augmented-reality glasses has more to do with size and comfort than flashy computer graphics. CNBC senior media and tech correspondent Julia Boorstin was able to use Orion this week at Meta's annual Connect conference, and she was captivated by the prototype's compact ...
Orion's collaboration partner Bayer submits application to U.S. FDA for third indication of darolutamide which has become the first ever Orion-originated blockbuster
GlobeNewswire News Room· 2024-09-26 08:00
ORION CORPORATION INVESTOR NEWS 26 SEPTEMBER 2024 at 11.00 EEST Orion's collaboration partner Bayer submits application to U.S. FDA for third indication of darolutamide which has become the first ever Orion-originated blockbuster Orion's collaboration partner Bayer today announced the submission of a supplemental new drug application (sNDA) to the U.S. Food and Drug Administration (FDA) for the oral androgen receptor inhibitor (ARi) darolutamide. Bayer is seeking approval for the use of darolutamide in comb ...
Orion Secures Over $2 Million in LED Lighting Retrofit Projects from Leading U.S. Automotive OEM
GlobeNewswire News Room· 2024-09-18 12:27
MANITOWOC, Wis., Sept. 18, 2024 (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 it has been awarded projects totaling more than $2 million from a longstanding automotive OEM customer. These projects encompass the project management, installation, and commissioning of LED lighting systems across multiple manufacturing facilities in the Unite ...
Orion Group Holdings to Participate in D.A. Davidson's 23rd Annual Diversified Industrials & Services Conference
GlobeNewswire News Room· 2024-09-18 11:30
HOUSTON, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the "Company"), a leading specialty construction company, today announced that Orion management will participate in D.A. Davidson's 23rd Annual Diversified Industrials & Services Conference. The Conference will take place on September 19-20, 2024, in Nashville, Tennessee. About Orion Group Holdings Orion Group Holdings, Inc., a leading specialty construction company serving the infrastructure, industrial and building sectors ...
Orion Group Holdings Prices $25.0 Million Public Offering of Common Stock
GlobeNewswire News Room· 2024-09-11 11:30
HOUSTON, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) ("Orion" or the "Company"), a leading specialty construction company, today announced that it has priced its previously announced underwritten public offering of 4,860,000 shares of its common stock at a public offering price of $5.15 per share. Orion expects the gross proceeds from this offering to be approximately $25.0 million, before deducting the underwriting discount and other estimated offering expenses. The Company in ...