Orion Energy Systems (OESX) Reports In-Line Q1 EPS

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Go back to Orion Energy Systems (OESX) Reports In-Line Q1 EPS

Orion Energy Systems Announces Fiscal 2016 First Quarter Results

August 4, 2015 7:00 AM EDT

2016 First Quarter Revenue Increases 25%

LED Sales Represent More than 60% of Product Revenue

MANITOWOC, Wis.--(BUSINESS WIRE)-- Orion Energy Systems, Inc. (Nasdaq Capital Market: OESX), a leading designer and manufacturer of high-performance, energy-efficient lighting platforms, today announced financial results for its fiscal 2016 first quarter ended June 30, 2015, highlighted by strong LED sales and solid gross margin expansion.

Operating and Financial Highlights

Total revenue for the fiscal 2016 first quarter was $16.6 million, an increase of 24.6% compared to $13.3 million in the prior-year period. Lighting revenue for the... More