Orion Energy Systems Q4 Net Loss Narrows to $1.5M; EV Charging Revenue Drops 60%
OESX•Orion Energy Systems reported a Q4 net loss of $1.5 million versus $2.9 million, with maintenance revenue down to $3.2 million and EV charging sales falling to $2.3 million. The company ended fiscal 2026 with $15.4 million in liquidity and set fiscal 2027 revenue guidance at $95–97 million.
1. Q4 Financial Performance
Orion Energy Systems posted a Q4 net loss of $1.5 million ($0.39 per share), improving from a $2.9 million loss ($0.88 per share) in the prior year. Cash used by operations was $1.1 million for fiscal 2026 versus cash provided of $0.6 million in fiscal 2025, and year-end liquidity reached $15.4 million.
2. Segment Revenue Trends
Maintenance segment revenue declined to $3.2 million from $4.1 million due to seasonal timing, while EV Charging Solutions revenue fell to $2.3 million from $5.8 million amid market uncertainty. Total operating expenses increased to $10.3 million from $8.4 million, driven by earn-out costs and a non-cash write-off.
3. Fiscal 2027 Outlook and Backlog
Management highlighted a well-distributed backlog across lighting, EV infrastructure and data center projects, guiding fiscal 2027 revenue at $95–97 million with relatively even quarterly distribution. The company has expanded into data center lighting with a new linear fixture, exited its solar business, and anticipates growth in electrical contracting and battery energy storage systems.
