Orion Energy Systems, Inc. Provides Earnings Guidance for the Fourth Quarter and Fiscal Year 2024
January 18, 2024 at 12:29 pm
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Orion Energy Systems, Inc. provided earnings guidance for the fourth quarter and fiscal year 2024. For the year, the company expects revenue growth between 16% and 23% to a range of approximately $90 million to $95 million.
For the quarter, the company expects revenue in the range of $26 million to $31 million compared to $21.6 million in Fourth Quarter 2023.
Orion Energy Systems, Inc. provides light emitting diode (LED) lighting systems, wireless Internet of Things (IoT) enabled control solutions, commercial and industrial electric vehicle (EV) charging infrastructure solutions and lighting and electrical maintenance services. Its lighting segment develops and sells lighting products and provides construction and engineering services for its commercial lighting and energy management systems. Its lighting segment provides engineering, design, lighting products and, in many cases, turnkey solutions for large national accounts, governments, municipalities, schools, and other customers. Its maintenance segment provides retailers, distributors and other businesses with maintenance, repair and replacement services for the lighting and related electrical components deployed in their facilities. Its EV segment offers electric vehicle charging expertise and provides EV turnkey installation solutions with ongoing support to all commercial verticals.