Jun. 26 at 11:04 AM
$OESX Orion Energy reports Q4 EPS (9c) vs. 5c last year
Reports Q4 revenue
$20.9M vs.
$26.4M last year. CEO Sally Washlow commented, "Orion has made solid progress supporting our growth goals with new revenue opportunities while also reducing our cost structure and enhancing margins to drive improved bottom line performance. However, our FY25 revenue was impacted by a lower level of larger LED lighting project activity as well as reduced sales within our electrical contractor and lighting distribution channel...
Building on the
$100M to
$200M in five-year revenue potential highlighted in our Q3'25 release, over the past few months we continued to strengthen our LED lighting project backlog with several significant new orders...Our company-wide operating overhead was reduced by more than
$4M in FY'25,
$2M of which will be reflected as we progress through FY'26. Building on this progress, we plan to implement an additional
$1.5M in annual savings in FY26.
Reflecting our operating discipline and despite lower revenue, we achieved positive adjusted EBITDA in Q325 and Q425 and positive cash flow from operating activities for the full fiscal year. Importantly, our cash position increased to
$6.0M at the close of FY'25, from
$5.2M at year end FY'24, while we reduced credit facility borrowings by
$3.0M to
$7.0M at the close of FY'25".