Orion Energy Misses Q4 Earnings Consensus On Unfavorable Mix
Portfolio Pulse from Lekha Gupta
Orion Energy Systems reported Q4 FY23 revenue of $21.6 million, missing the consensus of $22.6 million, and an EPS loss of $(0.16), missing the consensus of $(0.06). Gross margin declined to 21.9% due to unfavorable product and services mix. The company reaffirms FY24 revenue growth of 30% or more to about $100 million.
June 06, 2023 | 2:37 pm
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Orion Energy missed Q4 earnings consensus with lower revenue and higher EPS loss. The company reaffirms FY24 revenue growth of 30% or more to about $100 million.
Orion Energy missed Q4 earnings consensus due to lower revenue and higher EPS loss, which could negatively impact the stock price in the short term. However, the company reaffirms its FY24 revenue growth of 30% or more to about $100 million, which may provide some support to the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100