Orion Energy Reports Q2 2025 Preliminary Revenue Of ~$19.4M; Revising Its FY25 Revenue Outlook To Growth Of ~10% Over FY24, From Its Prior Outlook Of 10-15% Growth, And It Expects Second Half Revenue To Be More Heavily Weighted To Q4
Portfolio Pulse from Benzinga Newsdesk
Orion Energy Systems, Inc. (NASDAQ:OESX) reported preliminary Q2 2025 revenue of $19.4M, a decrease from $20.6M in Q2 2024. The company revised its FY25 revenue growth outlook to 10% over FY24, down from 10-15%, due to project delays in LED lighting. EV charging revenue rose 40%, while LED lighting revenue declined 20%. Maintenance services revenue increased by 5%. Orion expects stronger revenue in Q4 2025.

October 29, 2024 | 12:04 pm
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Orion Energy Systems reported a decrease in Q2 2025 revenue to $19.4M from $20.6M in Q2 2024. The company revised its FY25 revenue growth outlook to 10% due to LED lighting project delays. EV charging revenue increased by 40%, while LED lighting revenue fell by 20%.
The decrease in Q2 revenue and the revision of the FY25 growth outlook to a lower range due to LED lighting project delays are negative indicators for Orion Energy's short-term stock performance. However, the increase in EV charging revenue is a positive aspect, but it may not offset the overall negative sentiment.
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