Orion Energy Systems (OESX) Misses Q4 EPS by 2c, Provides FY16 Outlook

Orion Energy Systems (NYSE: OESX) reported Q4 EPS of ($0.19), $0.02 worse than the analyst estimate of ($0.17). Revenue for the quarter came in at $19.4 million versus the consensus estimate of $19.7 million.

Management Outlook for 2016

Mr. Scribante continued, “As a result of the sales and operational changes implemented during fiscal 2015, we are confident that the measures established and in place will lead us to profitability. Following the Company’s capital raise in February and signing of its new credit facility, we have utilized the strength of our balance sheet to enable Orion to grow its pipeline of larger orders while also leveraging our sales channels to produce a consistent flow of LED sales. Orion launched several new products at Lightfair in May, and in addition to garnering favorable feedback, received numerous orders at the event. We are now seeing accelerating sales in each of our core target markets for LED retrofit products, including industrial, commercial and exterior applications.”

For earnings history and earnings-related data on Orion Energy Systems (OESX) click here.

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