Orion Energy's Q1 revenue dips 2%, misses estimates
Overview
Orion fiscal Q1'26 rev dips 2%, missing analyst expectations, per LSEG data
Co achieves positive adjusted EBITDA, beating estimates, per LSEG data
Gross profit margin rises to 30.1%, driven by pricing and cost improvements
Outlook
Orion anticipates FY'26 revenue growth of 5% to approximately $84M
Company expects flat to slightly lower EV charging revenue in FY'26
Orion projects $7M in automotive LED lighting projects for FY'26
Company sees $12M-$18M revenue from multi-year LED retrofit contract
Result Drivers
LED LIGHTING - Revenue increased 1% due to large project activity, offset by lower sales in electrical distribution
MAINTENANCE SERVICES - Revenue grew 21% from new customer contracts and expanded existing relationships
EV CHARGING - Revenue fell 30% due to variability in timing of larger projects
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Miss | $12.90 mln | $19.80 mln (3 Analysts) |
Q1 EPS | -$0.04 | ||
Q1 Net Income | -$1.20 mln | ||
Q1 Adjusted EBITDA | Beat | $200,000 | -$100,000 (1 Analyst) |
Q1 Gross Profit | $5.90 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction supplies & fixtures peer group is "buy"
Wall Street's median 12-month price target for Orion Energy Systems Inc is $2.00, about 71.5% above its August 5 closing price of $0.57
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