Orion Energy Systems Inc

Orion Energy Systems reported Q1 of fiscal 2027 revenue of $25.7 million (+32% y/y), net income of $2.0 million (vs. -$1.2 million) and adjusted EBITDA of $2.5 million. Management confirmed the full-year guidance of $95–97 million in revenue and continued positive adjusted EBITDA. Orion is expanding its offerings beyond LED lighting into e-vehicle charging infrastructure, battery storage, street lighting, electrical installations and data-center services, and cites its domestic supply chain and a first hyperscale data-center customer as growth drivers. » More on de.investing.com

Orion Energy Systems reported Q1 fiscal 2027 revenue of $25.7 million, up 32% year‑over‑year, gross margin of 34.6%, net income of $2.0 million and adjusted EBITDA of $2.5 million. Management reiterated fiscal 2027 guidance of $95–97 million in revenue with positive adjusted EBITDA. Company cited strength in automotive, retail and public sector projects, growth in EV charging (Voltrek) and initial entry into hyperscale data center lighting; backlog exiting the quarter was about $24 million. Executives expect continued margin improvement from supply‑chain initiatives and a Made‑in‑America manufacturing footprint. » More on finance.yahoo.com

Shareholders approved an amendment to the Orion Energy Systems 2016 Omnibus Incentive Plan, increasing the share pool from 600,000 to 900,000 and extending the term through the tenth anniversary of the 2026 annual meeting; the compensation cap for non-employee directors was set at $500,000 per year. Shareholders elected Richard A. Shapiro and Heather L. Wishart-Smith to the board (each with more than 93% approval), approved board compensation with more than 95% support, and appointed BDO USA as auditor for 2027 (over 99% approval). The company also reported a better-than-expected first quarter with adjusted EBITDA of $2.5 million, net income of $2.0 million, and diluted earnings per share of $0.47 on revenue of $25.74 million. » More on de.investing.com