Orion Energy Systems, Inc. Provides Revenue Guidance for the Fourth Quarter of Fiscal 2023 and for the Fiscal Year 2023 and 2024
January 23, 2023 at 09:05 pm
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Orion Energy Systems, Inc. provided revenue guidance for the fourth quarter of fiscal 2023 and for the fiscal year 2023 and 2024. The company continued sequential revenue growth in fourth quarter 2023, which should be the strongest quarter of financial year 2023, and likely will exceed fourth quarter 2022 revenue of $22.1 million.
As a result, the company now expects full financial year 2023 revenue of $77 million to $80 million.
The company currently preliminarily expects financial year 2024 revenue growth of 30% or more over financial year 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.
ORION ENERGY SYSTEMS, INC. 
