Orion Energy Q1 FY27: Revenue Jumps 32% to $25.7M, Seventh Straight Profitable Quarter
OESX has more than doubled off its 52-week low of $5.6 on elevated volume (11× avg).
Summary
Orion Energy reported Q1 FY27 revenue of $25.7M (+32% YoY) and net income of $2.0M, marking its seventh consecutive profitable quarter. Gross margin improved to 34.6%, and the credit facility was extended to 2030.
Key Events · Earnings and Guidance · OESX
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Revenue Surges 32%
Driven by growth across all three segments—including a 90% jump in service revenue—Q1 FY27 revenue reached $25.7 million, up from $19.6 million in Q1 FY26.
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Seventh Straight Profitable Quarter
Net income came in at $2.0 million ($0.48 per diluted share), compared to a net loss of $1.2 million a year ago, extending the company's streak of profitability.
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Gross Margin Expands to 34.6%
Gross margin improved from 30.1% to 34.6%, reflecting a favorable revenue mix shift toward higher-margin services and improved operating efficiency.
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Credit Facility Extended to 2030
Amendment No. 5 to the credit agreement with Bank of America extended the maturity of the $25 million revolving credit facility from June 2027 to June 2030, enhancing liquidity.
Analysis · OESX · Manufacturing
A strong start to fiscal 2027 underscores Orion Energy Systems' turnaround, with revenue climbing 32% to $25.7 million and net income swinging to $2.0 million from a $1.2 million loss a year ago. The gross margin expanded to 34.6%, fueled by higher-margin service revenue and operating leverage. Financial flexibility improved after the company extended its credit facility maturity to 2030. Still, customer concentration looms as a risk, with one customer representing 38% of revenue. These results reinforce the narrative of recovery and back the FY27 revenue guidance of $95 million provided in May.
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In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, OESX was trading at $15.75 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $65.1M. The 52-week trading range was $5.60 to $18.64. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.