Orion Energy Systems Releases Financial Results for Q1 2026

Orion Energy Systems, Inc. has announced its financial results for the first quarter of fiscal 2026, ending June 30, 2025. The company reported revenues of $19.6 million, slightly down from $19.9 million the previous year, but saw a notable increase in gross profit to $5.9 million, marking a 37% rise from $4.3 million in Q1’25, and achieving the highest gross profit margin of 30.1% in six years. Net losses improved to $1.2 million, significantly less than the previous year’s loss of $3.8 million. Key drivers included a 1% increase in LED lighting revenue and a 21% growth in maintenance services, though EV charging solutions revenue dropped by 30%. CEO Sally Washlow expressed optimism about the company’s path to profitability and reiterated a full-year revenue growth outlook of around 5%, aiming for approximately $84 million.

Orion Energy Systems Releases Financial Results for Q1 2026

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