Rebound in LED Lighting Retrofit Activity Leads Orion’s Q3 Revenue Rise to $44.3M and Net Income Increase to $4.3M, or $0.14 per share; Investor Call Today at 10am ET

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Orion Energy Systems (OESX) Misses Q3 EPS by 3c, Revenues Beat; Offers FY21 Revenue Guidance Below Consensus

February 11, 2021 7:31 AM EST

Orion Energy Systems (NASDAQ: OESX) reported Q3 EPS of $0.14, $0.03 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $44.3 million versus the consensus estimate of $41.56 million.

Highlights

Q321 revenue grew to $44.3M from $34.2M in Q320, demonstrating a rapid rebound in major account activity, and also exceeded Q221 revenue of $26.3M. The Q321 performance improvement reflects a full quarter of business activity following COVID-19-related disruptions that commenced in March 2020 and continued primarily through August 2020.Q321 revenue included previously delayed turnkey LED lighting retrofit activity for a major national... More