Orion Energy Q1 Revenue Jumps 32% to $25.7M, Swings to $2M Profit; Reaffirms FY27 Outlook

summarizeSummary

Orion Energy reported Q1 FY27 revenue of $25.7M (+32% YoY), net income of $2.0M vs. a $1.2M loss last year, and its seventh consecutive quarter of positive adjusted EBITDA. The company reaffirmed FY27 revenue guidance of $95M–$97M.

check_boxKey Events · Earnings and Guidance · OESX

• Revenue Up 32% to $25.7M

  Q1 FY27 revenue reached $25.7 million, driven by a 37% increase in LED lighting revenue to $17.7 million and a 48% jump in EV charging revenue to $4.0 million.

• Swung to $2.0M Net Profit

  Net income was $2.0 million ($0.47 diluted EPS) compared to a net loss of $1.2 million in Q1 FY26, reflecting higher revenue and improved gross margins.

• Seventh Straight Quarter of Positive Adjusted EBITDA

  Adjusted EBITDA reached $2.5 million, up from $0.2 million a year ago, marking the seventh consecutive quarter of positive adjusted EBITDA.

• Gross Margin Expanded 450 bps to 34.6%

  Gross profit rose 51% to $8.9 million, with gross margin improving to 34.6% from 30.1%, driven by pricing and cost improvements in lighting and maintenance segments.

auto_awesomeAnalysis · OESX · Manufacturing

Orion Energy Systems delivered a standout fiscal first quarter, with revenue surging 32% year-over-year to $25.7 million and net income swinging from a $1.2 million loss to a $2.0 million profit. Gross margin expanded 450 basis points to 34.6%, and adjusted EBITDA hit $2.5 million — the seventh straight quarter in the black. The company also extended its credit facility to 2030 and reaffirmed full-year revenue guidance of $95–$97 million. For a micro-cap manufacturer, this quarter signals a durable turn toward profitable growth, supported by a new data-center contract and expanding EV charging business.