Orion Energy Systems (NasdaqCM:OESX) Q3 2026 Earnings call February 05, 2026 10:00 AM ET Company ParticipantsPer Brodin - CFOSally Washlow - CEOConference Call ParticipantsEric Stine - Technology and Industrials AnalystGowshihan Sriharan - Research AnalystMatthew Dunn - Investment AnalystOperatorGood morning, everyone, and welcome to Orion Energy Systems' Fiscal 2026 Third-Quarter Conference Call. At this time, all participants are in a listen-only mode. In this call, Sally Washlow, Orion's CEO, and Per Bro ...

Financial Data and Key Metrics Changes - Orion reported fiscal Q3 2026 revenue of $21.1 million, an increase from $19.6 million in Q3 2025, marking a growth of approximately 7.6% [11] - The company achieved a net income of $160,000 or $0.04 per share in Q3 2026, compared to a net loss of $1.5 million or $0.46 per share in Q3 2025 [14] - Adjusted EBITDA improved to positive $761,000 in Q3 2026 from $32,000 in Q3 2025, representing a significant turnaround [14] Business Line Data and Key Metrics Changes - LED lighting segment revenue decreased to $12.1 million in Q3 2026 from $13.2 million in Q3 2025, attributed to decreased project activity and ESCO channel sales [11] - Maintenance segment revenue increased by 13% to $4.4 million in Q3 2026 from $3.9 million in Q3 2025, benefiting from new customer contracts [12] - EV charging solutions revenue rose to $4.7 million in Q3 2026 from $2.4 million in Q3 2025, reflecting the completion of a significant project [12] Market Data and Key Metrics Changes - The company expects continued profitable growth in FY 2027 with revenue projected between $95 million and $97 million, indicating a positive outlook for the upcoming fiscal year [16] - The U.S. EV charging market is anticipated to grow by 8% in 2026, with expectations of private-led expansion and improved CPO economics [10] Company Strategy and Development Direction - Orion's strategy includes expanding its product and service offerings, as evidenced by a recent three-year renewal of a maintenance contract and a growing backlog [7] - The company is focusing on integrated offerings within LED lighting and EV charging, including localized battery storage solutions to enhance efficiency [7] - Orion aims to leverage its proprietary supply chain to maximize efficiencies and minimize risks associated with market fluctuations [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about meeting or exceeding revenue milestones, with expectations of $84 million to $86 million in revenue for FY 2026 [4] - The company anticipates continued market demand driven by building, reshoring, and refurbishing industrial facilities, as well as opportunities in EV fast charging [9] - Management highlighted the importance of execution quality and asset efficiency in capturing market opportunities [10] Other Important Information - Total operating expenses decreased to $6.1 million in Q3 2026 from $7 million in Q3 2025, reflecting ongoing cost control measures [14] - Orion raised net proceeds of approximately $6.4 million through the issuance of 500,000 shares of common stock, providing growth capital [15] Q&A Session Summary Question: Can you provide insights on the $14 million-$15 million external lighting project and its revenue contribution? - Management indicated that the project started in late January and expects the majority of revenue to be recognized in the first half of FY 2027, with initial revenue in Q4 2026 [20] Question: What is the potential for expansion tied to the external lighting project? - Management believes there is potential for expansion within the customer relationship, although it may not materialize in the first half of the year [22] Question: What is the outlook for operating expenses moving forward? - Management stated that operating expenses would likely remain at current levels or slightly increase, with expectations for Q4 to start with a 6 [23] Question: Are smaller and midsize enterprises adopting a preventative maintenance model? - Management noted that while no other customer matches the scale of the large retailer, there are month-over-month increases in other customers and ongoing efforts to pursue new contracts [32] Question: How is the company managing execution risk with large contracts? - Management acknowledged ongoing execution risk but indicated that they have accounted for potential issues in their outlook [33] Question: What is driving success in the distribution segment? - Management highlighted the expansion of customer relationships and product development based on customer requests as key drivers of success in the distribution segment [36]

Orion Energy Systems (NasdaqCM:OESX) Q3 2026 Earnings call February 05, 2026 10:00 AM ET Speaker3Good morning, everyone, and welcome to Orion Energy Systems' fiscal 2026 third-quarter conference call. At this time, all participants are in a listen-only mode. In this call, Sally Washlow, Orion's CEO, and Per Brodin, its CFO, will review the company's third-quarter results and its fiscal 2026 and fiscal 2027 outlooks. We will then open the call to investor questions. Today's call is being recorded. A replay w ...

MANITOWOC, Wisc., Feb. 05, 2026 (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 reported results for its fiscal 2026 third quarter (Q3’26) ended December 31, 2025. Orion’s Q3’26 revenue was $21.1M vs. $19.6M in Q3’25, while Q3’26 Gross Profit Percentage was 30.9% vs. 29.4% in Q3’25. The Company achieved positive operating income in Q3’26 and adjusted ...

MANITOWOC, Wis., Jan. 29, 2026 (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 launch of a firmly underwritten public offering of shares of its common stock. Orion intends to use the net proceeds from the offering for reducing amounts outstanding under its existing credit agreement, with the remainder to be used for working capital and g ...

Core Insights - Redaptive has completed the first phase of a multi-site energy modernization program with UniFirst Corporation, focusing on LED installations across 39 facilities in the U.S. [1][2] - The project is projected to save UniFirst several million dollars in energy costs and eliminate over 21,000 metric tons of CO emissions over 10 years [3]. Company Overview - UniFirst Corporation is a North American leader in uniform and workwear programs, facility service products, and safety supplies, with over 2 million workers outfitted daily [5]. - Redaptive specializes in infrastructure monetization, providing scalable energy and infrastructure solutions that reduce costs and enhance operational efficiency [6]. Project Details - The first phase involved upgrading lighting systems across more than 2.5 million square feet of facility space, significantly improving energy efficiency [2]. - The collaboration aims to create long-term value for customers, employees, and shareholders by strategically improving operational infrastructure [4]. Environmental Impact - The energy modernization program is comparable to eliminating nearly 50,000 barrels of oil consumption or matching the annual carbon output of 4,157 residential homes [3].

Core Insights - Orion Energy Systems, Inc. announced LED lighting and Electrical Infrastructure engagements worth over $4.7 million for two major enterprise customers [1] - The larger engagement is valued at $3.6 million, involving installations and upgrades for a large enterprise with 18,000 employees [2] - The second engagement, worth $1 million, is part of a multi-year initiative and includes work at five facilities across four U.S. states [3] Engagement Details - The $3.6 million engagement focuses on installations and upgrades of Electrical Infrastructure and LED lighting at a large enterprise's facilities [2] - The $1 million engagement is expected to be completed in FY 2026 and marks the beginning of a multi-year upgrade initiative [3] - Orion anticipates being assigned more work by the customer on a frequent basis due to the scale of the enterprise's needs [3] Company Positioning - Orion's CEO highlighted the increasing frequency and scope of assignments from large enterprises, indicating a growing reliance on Orion's services [4] - The COO emphasized Orion's capability to scale operations in line with the needs of extended enterprises [4] - Orion specializes in energy efficiency and clean tech solutions, including LED lighting and EV charging solutions, aimed at helping customers achieve business and environmental goals [5]

Core Insights - Orion Energy Systems, Inc. has announced a three-year renewal of a major LED lighting preventative maintenance contract with a leading retailer, valued between $42 million and $45 million [1][2] - The renewal is a result of Orion's successful management of large-scale projects across all 50 states, leading to significant reductions in the retailer's overhead costs for lighting maintenance [2][4] - The contract will commence in March 2026, following the expiration of the current engagement [3] Company Overview - Orion specializes in energy-efficient solutions, including LED lighting, EV charging stations, and maintenance services, focusing on large national customers [5] - The company emphasizes its commitment to helping clients achieve business and environmental goals through sustainable solutions that reduce carbon footprints [5] Leadership Statements - Orion's CEO highlighted the significance of the renewal as a testament to the company's ability to meet the extensive needs of large enterprises [4] - The Vice President of Services expressed appreciation for the continued partnership with a respected retailer, underscoring Orion's capability to address complex lighting requirements [4]

Core Insights - Orion Energy Systems, Inc. will present at the LD Micro Main Event XIX on October 21st at 9:30 a.m. PT, focusing on its energy-efficient LED lighting and EV charging solutions [1][2][3] - The LD Micro Main Event will take place from October 19th to 21st in San Diego, featuring around 120 companies presenting to investors [4] Company Overview - Orion specializes in energy efficiency and clean tech solutions, including LED lighting, EV charging solutions, and maintenance services, aiming to help customers achieve business and environmental goals [6] - The company offers turnkey design-through-installation solutions for large national customers and collaborates with ESCO and distribution partners [6][7] Event Details - The presentation will be accessible online for registered investors, highlighting the company's commitment to small company investing [2][3] - Chris Lahiji, the founder of LD Micro, emphasized the event's dedication to supporting small companies [3]

Core Viewpoint - Wolfspeed is currently undergoing Chapter 11 bankruptcy protection to restructure its significant debt burden, which has severely impacted its operational capabilities and growth prospects [6][9]. Financial Situation - As of June 29, Wolfspeed had $6.54 billion in long-term debt and $955.4 million in cash reserves [7]. - The company spent 43% of its revenues on interest fees in the latest quarterly report, limiting its ability to invest in innovation and growth [6]. - Under the Chapter 11 reorganization plan, Wolfspeed's debt will be reduced to $2 billion, and cash equivalents will increase to $1.3 billion, with quarterly interest payments expected to drop by over 60% [8]. Shareholder Impact - Current shareholders are projected to lose approximately 95% of their equity stake in the company as the restructuring shifts value to creditors [9].