Orion Energy Systems Reports Fiscal 2027 Second-Quarter Results
Revenue rose to $21.7 million from $19.9 million a year earlier. The company reported a $0.8 million net loss and 28.7% gross margin, and reiterated fiscal 2027 revenue guidance of $100 million to $102 million and its expectation for positive adjusted EBITDA.
Orion Energy Systems, Inc. reported revenue of $21.7 million for the second quarter of fiscal 2027, an increase from $19.9 million in the same period last year. The company recorded a net loss of $0.8 million, compared to a net loss of $0.6 million in the prior-year quarter, with a gross margin of 28.7%. Management reiterated its full fiscal year 2027 revenue guidance of $100 million to $102 million and continues to expect positive adjusted EBITDA for the year.
The company ended the quarter with $16.2 million in financial liquidity and noted a strong project pipeline expected for the second half of the fiscal year.