Orion Energy Systems, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 09, 2023 at 01:39 pm
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Orion Energy Systems, Inc. reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported revenue was USD 20.29 million compared to USD 30.71 million a year ago. Net loss was USD 24.06 million compared to net income of USD 1.1 million a year ago. Basic loss per share from continuing operations was USD 0.75 compared to basic earnings per share from continuing operations of USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.75 compared to diluted earnings per share from continuing operations of USD 0.04 a year ago.
For the nine months, revenue was USD 55.75 million compared to USD 102.33 million a year ago. Net loss was USD 29.23 million compared to net income of USD 7.27 million a year ago. Basic loss per share from continuing operations was USD 0.93 compared to basic earnings per share from continuing operations of USD 0.23 a year ago. Diluted loss per share from continuing operations was USD 0.93 compared to diluted earnings per share from continuing operations of USD 0.23 a year ago.
Orion Energy Systems, Inc. provides light emitting diode (LED) lighting systems, wireless Internet of Things (IoT) enabled control solutions, project engineering, energy project management design, maintenance services and electric vehicle (EV) charging station installation services. The Companyâs segments include Orion Lighting Division, which develops and sells lighting products and provides construction and engineering services for commercial lighting and energy management systems; Orion Maintenance Division, which provides retailers, distributors and other businesses with maintenance, repair and replacement services for the lighting and related electrical components deployed in their facilities, and Orion Electric Vehicle Charging Division that offers EV charging expertise, sells and installs sourced electric vehicle charging stations with related software subscriptions and renewals and provides EV installation solutions with ongoing support to all commercial verticals.
ORION ENERGY SYSTEMS, INC. 
