Core Viewpoint - Orion Energy Systems, Inc. reported a slight decline in total revenue for Q1'26 but maintained a positive outlook for FY 2026, projecting a revenue growth of approximately 5% to $84 million, which could lead to positive adjusted EBITDA for the fiscal year [1][11]. Financial Performance - Q1'26 total revenue was $19.6 million, down 2% from $19.9 million in Q1'25, with LED lighting revenue increasing by 1% to $12.9 million, EV charging revenue decreasing by 30% to $2.7 million, and maintenance revenue rising by 21% to $4.0 million [2][7][23]. - Gross profit for Q1'26 was $5.9 million, a 37% increase from $4.3 million in Q1'25, resulting in a gross profit margin of 30.1%, up from 21.6% in the prior year [2][14]. - The net loss improved to $1.2 million in Q1'26 from $3.8 million in Q1'25, with net loss per share improving from $(0.12) to $(0.04) [2][16]. - Adjusted EBITDA for Q1'26 was $0.2 million, compared to a loss of $(1.8 million) in Q1'25, marking the third consecutive quarter of positive adjusted EBITDA [2][6][16]. Segment Performance - LED lighting revenue showed resilience with a slight increase, while the EV charging segment faced challenges due to a tough comparison with the previous year and a slowdown in project activity [5][7]. - Maintenance services revenue increased significantly, reflecting new customer contracts and expanded relationships with existing customers [23]. Strategic Initiatives - The company is focusing on enhancing its LED lighting distribution business with new products and improved go-to-market strategies, aiming for a return to growth [8]. - Orion has secured contracts worth up to $7 million for electrical infrastructure and LED lighting projects from automotive customers, indicating strong customer relationships and confidence in future business [9]. Outlook - Orion anticipates a revenue growth of 5% for FY 2026, which should position the company to achieve positive adjusted EBITDA, with potential upside if economic and policy uncertainties stabilize [11][12]. - The company is optimistic about its project pipeline, including a multi-year LED lighting retrofit contract expected to generate $12 million to $18 million over several years [13].

Core Insights - Beam Global reported a 21% increase in energy storage solutions (ESS) revenue in the first half of 2025 compared to 2024, indicating strong growth in the sector [1] - The company received a purchase order worth approximately $2 million from a major ESS customer, expected to be recognized as revenue by the end of 2025, reflecting the reliability of its products [1] - The ESS business is experiencing growth due to repeat orders from existing customers and the addition of three major new clients, including a Fortune 500 automotive company [2] Company Performance - The CEO of Beam Global highlighted the diversification of revenue opportunities and the company's expertise in energy storage, which is contributing to improved product quality and cost efficiency [3] - The company is expanding its presence in Europe and the Middle East, along with an expanded product portfolio, positioning itself for diverse revenue and profit generation [3] - Beam Global's patented PCC™ technology in its AllCell™ energy storage solutions enhances power efficiency and safety, addressing thermal management challenges [3] Market Outlook - The energy storage solutions market is projected to grow from $7.8 billion in 2024 to $25.6 billion in 2029, representing a compound annual growth rate (CAGR) of 26.9% [3] - The electrification of transportation is expected to be a significant growth driver for the company, alongside its energy security and smart cities infrastructure initiatives [3]

Core Insights - Orion Energy Systems, Inc. reported Q4'25 revenue of $20.9 million, a decrease of 21% from $26.4 million in Q4'24, primarily due to lower LED lighting revenue and maintenance services [2][4] - For FY'25, total revenue was $79.7 million, down 12% from $90.6 million in FY'24, with a notable 37% increase in EV charging revenue [4][5] - The company anticipates FY'26 revenue growth of approximately 5% to around $84 million, supported by improved operating costs and gross profit margins [4][11] Financial Performance - Q4'25 LED lighting revenue was $10.9 million, down 33% from $16.3 million in Q4'24, while EV charging revenue increased by 18% to $5.8 million [2][14] - Maintenance revenue in Q4'25 was $4.1 million, a decrease of 21% from $5.2 million in Q4'24, reflecting the elimination of unprofitable contracts [2][14] - Gross profit for Q4'25 was $5.7 million, with a gross profit margin of 27.5%, an increase of 170 basis points from 25.8% in Q4'24 [2][14] Operational Highlights - The company achieved positive adjusted EBITDA in Q4'25 and improved its cash position to $6.0 million, up from $5.2 million at the end of FY'24 [4][8] - Orion has made significant progress in reducing operating expenses, with a reduction of over $4 million in FY'25 and plans for an additional $1.5 million in FY'26 [4][7] - Strong bookings in late Q4'25 included new LED lighting engagements with a potential five-year revenue of $100 million to $200 million [4][6] Strategic Initiatives - Orion has reorganized into two Commercial Business Units (CBUs): Solutions and Partners, to better align with customer needs and enhance revenue visibility [4][9] - The company is focusing on channel partner engagement and has added an industry veteran to boost sales capabilities starting in Q2'26 [4][6] - Orion's liquidity position has been enhanced through a binding term sheet regarding Voltrek acquisition earnout payments, which includes a mix of common stock and a subordinated note [4][20] Future Outlook - The initial FY'26 outlook anticipates revenue growth of approximately 5% to $84 million, with expectations of approaching positive adjusted EBITDA for the full fiscal year [4][11] - Key contracts expected to contribute to FY'26 include a multi-year LED lighting retrofit contract with revenue potential of $12 million to $18 million [11][12] - The company expects modest growth in electrical maintenance revenues and a strong EV charging backlog, although near-term revenue from EV charging may be flat to slightly lower [15][17]

Core Viewpoint - Orion Energy Systems, Inc. reported a decline in revenue for FY'25 but anticipates a modest growth of 5% in FY'26, projecting approximately $84 million in revenue, driven by improvements in operating costs and gross profit margins [1][3][10]. Financial Performance - Q4'25 total revenue was $20.9 million, down 21% from $26.4 million in Q4'24, with LED lighting revenue decreasing by 33% to $10.9 million [2][12]. - FY'25 total revenue was $79.7 million, a 12% decrease from $90.6 million in FY'24, primarily due to lower LED lighting and maintenance revenue, partially offset by a 37% increase in EV charging revenue [2][3]. - Gross profit for Q4'25 was $5.7 million, with a gross profit margin of 27.5%, an increase of 170 basis points from Q4'24 [2][12]. - The company reported a net loss of $2.9 million in Q4'25, compared to a net income of $1.6 million in Q4'24, and a FY'25 net loss of $11.8 million, consistent with the previous fiscal year [2][15]. Segment Performance - LED lighting revenue for Q4'25 was $10.9 million, down from $16.3 million in Q4'24, and FY'25 LED lighting revenue totaled $47.7 million, down from $61.1 million in FY'24 [2][12]. - EV charging revenue increased to $5.8 million in Q4'25, up 18% from $4.9 million in Q4'24, with FY'25 revenue reaching $16.8 million, a 37% increase from $12.3 million in FY'24 [2][12]. - Maintenance services revenue was $4.1 million in Q4'25, down from $5.2 million in Q4'24, with FY'25 maintenance revenue totaling $15.2 million, down from $17.1 million in FY'24 [2][12]. Strategic Initiatives - The company has implemented business process improvements to reduce operating expenses and enhance profit margins, lowering the annual adjusted EBITDA breakeven point to $78 million - $85 million from $105 million - $115 million [3][4]. - Orion plans to further reduce overhead by $1.5 million in FY'26 through targeted expense reductions and cost-saving initiatives [3][6]. - The company has restructured into two Commercial Business Units (CBUs) to better align with customer needs and enhance revenue visibility [8][9]. Outlook - Orion's initial FY'26 outlook anticipates revenue growth of approximately $84 million, with expectations of approaching or achieving positive adjusted EBITDA for the full fiscal year [1][10]. - The company has secured strong bookings in late Q4'25, with new LED lighting engagements having a five-year revenue potential of $100 million to $200 million [3][5].

Core Viewpoint - Orion Energy Systems, Inc. is showcasing its high-quality, USA-manufactured LED lighting products at LightFair 2025, emphasizing its commitment to quality and innovation amidst industry challenges [1][3]. Company Overview - Orion specializes in energy-efficient solutions, including LED lighting, EV charging stations, and electrical maintenance services, focusing on helping customers achieve business and environmental goals [5]. - The company offers turnkey design-through-installation solutions for large national customers and works with ESCO and distribution partners [5]. Product Highlights - Orion's LED lighting fixtures are noted for their high quality and performance, contrasting with competitors who are increasing prices and lead times [2]. - The company emphasizes its flexible supply chain, which allows it to meet market demands effectively [2]. Industry Context - Orion's products are not affected by current tariff-related volatility, positioning the company favorably in the market [3]. - The company is committed to manufacturing in Wisconsin, reinforcing its dedication to local production and quality [3]. Investor Engagement - An informal investor gathering will be held on May 6 at LightFair, providing an opportunity for investors to meet the CEO and learn more about the company [4].

Core Viewpoint - Orion Energy Systems, Inc. has appointed Sally A. Washlow as the new CEO, replacing Michael H. Jenkins, to enhance focus on revenue growth and profitability [1][3]. Leadership Changes - Sally A. Washlow, previously a board member, has been appointed as CEO, bringing over 25 years of experience in business growth and operational excellence [1][3][5]. - Scott Green has been promoted to Chief Operating Officer, responsible for sales and project management functions, with nearly 30 years of experience in the lighting industry [2][4]. Financial Outlook - Orion expects its revenue for the fiscal year ending March 31, 2025, to be near the midpoint of its guidance range of $77 million to $83 million [2]. Strategic Focus - The Board believes new leadership is essential for executing revenue growth and cost containment initiatives, aiming to return the company to consistent profitability [3]. - Ms. Washlow expressed confidence in Orion's future, highlighting strong positions in LED lighting, EV charging stations, and electrical maintenance businesses [4]. Company Background - Orion Energy Systems specializes in energy-efficient solutions, including LED lighting and EV charging stations, and aims to help customers achieve business and environmental goals [7].