Orion Energy ( (OESX) ) has released its Q2 earnings. Here is a breakdown of the information Orion Energy presented to its investors.
Orion Energy Systems, Inc., a provider of energy-efficient LED lighting, EV charging stations, and maintenance services, is a prominent player in the clean tech solutions sector specializing in turnkey design and installation solutions for national and ESCO customers.
In the fiscal 2025 second quarter, Orion Energy Systems reported revenues of $19.4 million, slightly down from $20.6 million in the previous year’s quarter. The company noted a significant 40% increase in EV charging revenue, while LED lighting revenue saw a decline due to project delays. Maintenance services showed improvement with a 5% increase in revenue and a stronger gross profit margin.
Key financial highlights include a 40% growth in EV charging solutions revenue, driven by contracts with Eversource Energy and Boston Public Schools. LED lighting revenue fell by 20% due to project delays, but new opportunities are anticipated in the second half of the fiscal year. The maintenance segment reported improved profitability and a 5% revenue increase, reflecting strategic contract repricing and the discontinuation of unprofitable contracts.
Looking ahead, Orion Energy Systems expects a 10% revenue growth for the fiscal year, with a stronger performance anticipated in the fourth quarter. The company is optimistic about future opportunities in LED lighting due to regulatory changes and continued growth in EV charging driven by infrastructure funding and expanded customer engagements.
