Orion Energy Q3 revenue rises, reiterates FY 2026 outlook
Overview
LED lighting provider's fiscal Q3 revenue rose yr/yr to $21.1 mln
Company achieved positive operating income and adjusted EBITDA for fiscal Q3
Company reiterated FY 2026 revenue outlook increase to $84 mln-$86 mln
Outlook
Orion raises FY 2026 revenue outlook to $84 mln-$86 mln
Company expects FY 2027 revenue of $95 mln-$97 mln
Orion anticipates continued growth and profitability improvements in Q4 and FY 2027
Result Drivers
EV CHARGING GROWTH - EV charging revenue increased 96% due to the timing of larger projects
MAINTENANCE SERVICES - Maintenance revenue rose 13% due to new contracts and expanded customer relationships
GROSS MARGIN IMPROVEMENT - Gross profit percentage increased to 30.9% due to pricing and cost improvements
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS |
| $0.04 |
|
Q3 Net Income |
| $200,000 |
|
Q3 Adjusted EBITDA | Miss | $800,000 | $1.10 mln (1 Analyst) |
Q3 Gross Profit |
| $6.50 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction supplies & fixtures peer group is "buy"
Wall Street's median 12-month price target for Orion Energy Systems Inc is $18.50, about 33.2% above its February 4 closing price of $13.89
Press Release: ID:nGNX8jmBnR
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