Orion Energy Systems (OESX) Reports Q4 Loss Per Share of 39c

Orion Energy Systems (NASDAQ: OESX) reported Q4 EPS of ($0.39), may not compare the analyst estimate of ($0.09). Revenue for the quarter came in at $18.6 million versus the consensus estimate of $19.35 million.

Management Outlook for Fiscal Year 2017

Mr. Scribante continued, “While we are still facing macro-economic headwinds that may impact our business, our sales channel strategy, coupled with a robust pipeline and sales momentum gives us confidence that we can generate a minimum of $80 million in sales in fiscal 2017. We also expect gross margin expansion leading to just over 30% by the end of fiscal Q4 2017. This should lead to positive trends in both EPS and EBITDA,” concluded Scribante.

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

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