Orion Energy Systems, Inc. (OESX) Reports Q1 Loss of 20c

Orion Energy Systems, Inc. (NYSE: OESX) reported Q1 EPS of ($0.20), may not compare to the analyst estimate of ($0.15). Revenue for the quarter came in at $13.3 million versus the consensus estimate of $20.9 million.

Outlook

The Company continues to expect total revenues for fiscal 2015 to range from $80.0 million to $105.0 million, which is based largely on projected sales acceleration of its LED product line.
Orion has budgeted a ramp-up in sales over the subsequent quarters of fiscal 2015 from LED products. The Company expects that the timeline of increased sales will largely match with the historical capital allocation budgets of its clients in the second half of calendar 2015, as well as reflect the growing adoption rate from target customers in the office, retail, and industrial sectors.
The Company continues to evaluate potential acquisition possibilities that could expand its supply chain capabilities, product line, and be complementary to its existing operations.
The Company-wide re-branding initiative will continue, positioning Orion as a premier LED lighting solutions company.

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

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