Orion Energy Systems FY 2020 Revenue Grew 129% to $151M and EPS Rose to $0.40, Driven by Major Turnkey LED Lighting Retrofit Projects; Investor Call Today at 10am ET

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Go back to Orion Energy Systems FY 2020 Revenue Grew 129% to $151M and EPS Rose to $0.40, Driven by Major Turnkey LED Lighting Retrofit Projects; Investor Call Today at 10am ET

Orion Energy Systems (OESX) Misses Q4 EPS by 5c, Revenues Miss

June 4, 2020 7:33 AM EDT

Orion Energy Systems (NASDAQ: OESX) reported Q4 EPS of ($0.02), $0.05 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $25.9 million versus the consensus estimate of $28.08 million.

Highlights

Orions US-based manufacturing operations are open for business, allowing it to deliver on its 10-day order shipment customer service promise.Orion continues to add and develop new large national account customer relationships, though many project starts have been delayed as a result of COVID-19.FY 2020 revenue rose 129% to $150.8M, principally due to major national account activity, particularly one large national... More