Continued Strength in Orion’s National Turnkey LED Lighting Retrofit Activity Drove 110% Increase in Q3 Revenue to $34.2M & Q3 Net Income Rose to $2.3M, or $0.07 per share; Hosts Investor Call T

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 9/8/2026

1. IONQ
2. SPY
3. IONS
4. AAPL
5. ACN
6. AZN
7. ROIV
8. ORCL
9. HOOD
10. QCOM

Go back to Continued Strength in Orion’s National Turnkey LED Lighting Retrofit Activity Drove 110% Increase in Q3 Revenue to $34.2M & Q3 Net Income Rose to $2.3M, or $0.07 per share; Hosts Investor Call T

Orion Energy Systems (OESX) Reports In-Line Q3 EPS, Revenues Beat; Raises FY20 Revenue Outlook

February 6, 2020 7:29 AM EST

Orion Energy Systems (NASDAQ: OESX) reported Q3 EPS of $0.07, in-line with the analyst estimate of $0.07. Revenue for the quarter came in at $34.2 million versus the consensus estimate of $32.5 million.

Highlights

Q320 revenue increased 110%, or $18.0M, to $34.2M, compared to Q319, due to the continued benefit of a large turnkey LED lighting retrofit contract for a major national accountGross profit increased $4.1M to $8.3M in Q320 for a gross margin of 24.2% versus 25.6% in Q319Ongoing cost discipline held operating expenses to $5.8M in Q3'20 vs. $4.8M in Q3'19, growing well below... More