Orion Energy lowers FY25 revenue view to $77M-$83M

Reflecting the impact of the change in timing of new business projects in Q4’25, Orion has reduced its FY’25 revenue outlook to a range of $77M – $83M. This outlook implies Q4’25 revenue of $19M – $25M which would be approximately in line or better than any of the first three quarters of FY’25. This outlook is based on current market conditions, initial revenue expected from large national LED lighting projects, as well as a significant sequential rebound in Orion’s Voltrek EV charging solutions business. Given stronger than anticipated new maintenance service opportunities, Orion now expects FY’25 maintenance services revenue to decrease by approximately $2M to $3M in FY’25, versus its initial expectation of a $4M – $5M revenue decline. In conjunction with the realignment of its business units, Orion plans to further streamline its organization, resulting in an additional $1.5M in annualized savings during FY’26. Based on a growing base of customers and large projects that are expected to engage over the next several quarters, Orion believes it is well positioned to achieve double digit revenue growth and positive Adjusted EBITDA performance in FY 2026. The Company will provide more specifics on its FY’26 outlook when it reports Q4’25 results in June.