A Business at a Glance
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ORION ENERGY SYSTEMS, INC.
OESX
$33M
Mkt Cap
$10.13
-3.15%
ORION ENERGY SYSTEMS, INC. (OESX) has a 5-year average return on invested capital (ROIC) of -15.6%. This is below average and may indicate limited pricing power.
ORION ENERGY SYSTEMS, INC. (OESX) has a market capitalization of $36M. It is classified as a small-cap stock.
ORION ENERGY SYSTEMS, INC. (OESX) does not currently pay a regular dividend.
ORION ENERGY SYSTEMS, INC. (OESX) operates in the Electric Lighting & Wiring Equipment industry, within the Industrials sector.
ORION ENERGY SYSTEMS, INC. (OESX) reported annual revenue of $80 million in its most recent fiscal year, based on SEC EDGAR filings.
ORION ENERGY SYSTEMS, INC. (OESX) has a net profit margin of -14.8%. The company is currently unprofitable.
ORION ENERGY SYSTEMS, INC. (OESX) generated $500 thousand in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
As used herein, unless otherwise expressly stated or the context otherwise requires, all references to “Orion,” “we,” “us,” “our,” “Company” and similar references are to Orion Energy Systems, Inc. and its consolidated subsidiaries. We provide state-of-the-art light emitting diode (“LED”) lighting systems, wireless Internet of Things (“IoT”) enabled control solutions, commercial and industrial electric vehicle "EV" charging infrastructure solutions and lighting and electrical maintenance services. We help our customers achieve their sustainability, energy savings and carbon footprint reduction goals through innovative technology and exceptional service. We sell our products and services into many vertical markets within the broader commercial and industrial market segment. Primary verticals include: big box retail, manufacturing, warehousing/logistics, commercial office, federal and municipal government, healthcare and schools.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 81M | 80M | 91M | 77M | 124M | 117M |
| Net Income | -4.6M | -12M | -12M | -34M | 6.1M | 26M |
| EPS | $-0.57 | $-3.60 | $-3.60 | $-10.80 | $1.90 | $8.30 |
| Free Cash Flow | -401K | 500K | -11M | -2.9M | -631K | 827K |
| ROIC | -38.0% | -43.4% | -30.8% | -70.4% | 13.9% | 52.7% |
| Gross Margin | 29.9% | 25.4% | 23.1% | 22.6% | 27.3% | 25.8% |
| Debt/Equity | 0.41 | 0.87 | 0.60 | - | 0.00 | 0.00 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -3.5M | -11M | -11M | -16M | 8.4M | 6.8M |
| Operating Margin | -4.3% | -13.3% | -11.9% | -20.7% | 6.7% | 5.9% |
| ROE | -38.7% | -68.6% | -41.8% | - | 9.9% | 58.7% |
| Shares Outstanding | 4M | 3M | 3M | 3M | 3M | 3M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 89M | 72M | 68M | 70M | 60M | 66M | 151M | 117M | 124M | 77M | 91M | 80M | 81M |
| Gross Margin | 25.9% | -1.6% | 23.6% | 24.7% | 24.3% | 22.1% | 24.6% | 25.8% | 27.3% | 22.6% | 23.1% | 25.4% | 29.9% |
| R&D | 2.0M | 2.6M | 1.7M | 2.0M | 1.9M | 1.4M | 1.7M | 1.7M | 1.7M | 1.9M | 1.5M | 1.2M | 1.1M |
| SG&A | 15M | 15M | 17M | 15M | 13M | 10M | 11M | 11M | 12M | 19M | 17M | 18M | 17M |
| EBIT | -8.3M | -32M | -20M | -13M | -13M | -6.2M | 13M | 6.8M | 8.4M | -16M | -11M | -11M | -3.5M |
| Op. Margin | -9.4% | -44.2% | -29.5% | -17.8% | -21.5% | -9.4% | 8.7% | 5.9% | 6.7% | -20.7% | -11.9% | -13.3% | -4.3% |
| Net Income | -6.2M | -32M | -20M | -12M | -13M | -6.7M | 12M | 26M | 6.1M | -34M | -12M | -12M | -4.6M |
| Net Margin | -7.0% | -44.4% | -29.8% | -17.5% | -21.8% | -10.1% | 8.3% | 22.4% | 4.9% | -44.4% | -12.9% | -14.8% | -5.6% |
| Non-Recurring | -1.7M | 21K | 4.4M | 249K | 2.9M | 43K | 381K | 399K | 77K | -27K | 108K | 977K | 314K |
| Returns on Capital | |||||||||||||
| ROIC | -7.7% | -43.4% | -34.2% | -26.6% | -37.7% | -24.4% | 83.8% | 52.7% | 13.9% | -70.4% | -30.8% | -43.4% | -38.0% |
| ROE | -8.0% | -45.3% | -36.4% | -30.2% | -44.6% | -32.2% | 50.9% | 58.7% | 9.9% | N/A | -41.8% | -68.6% | -38.7% |
| ROA | -6.2% | -34.3% | -25.4% | -18.5% | -24.5% | -13.2% | 19.4% | 31.6% | 6.8% | -62.7% | -27.2% | -20.4% | -9.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 9.9M | -13M | -3.5M | -1.9M | -4.4M | -5.1M | 20M | 1.7M | -113K | -2.3M | -10M | 599K | -292K |
| Free Cash Flow | 9.5M | -15M | -3.9M | -2.6M | -4.9M | -5.4M | 20M | 827K | -631K | -2.9M | -11M | 500K | -401K |
| Owner Earnings | 3.8M | -18M | -9.1M | -5.8M | -7.5M | -7.7M | 18M | -504K | -2.5M | -6.0M | -14M | -3.0M | -28M |
| CapEx | 410K | 2.0M | 401K | 660K | 512K | 381K | 814K | 902K | 518K | 586K | 837K | 99K | 109K |
| Maint. CapEx | 4.5M | 4.2M | 4.2M | 2.3M | 2.0M | 1.8M | 1.6M | 1.5M | 1.6M | 2.1M | 2.5M | 2.4M | 27M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 4.5M | 4.2M | 4.2M | 2.3M | 2.0M | 1.8M | 1.6M | 1.5M | 1.6M | 2.1M | 2.5M | 2.4M | 27M |
| CapEx/OCF | 4.1% | N/A | N/A | N/A | N/A | N/A | 4.0% | 52.2% | N/A | N/A | N/A | 16.5% | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 1.6M | 1.5M | 1.5M | 1.6M | 1.1M | 825K | 618K | 753K | 813K | 1.6M | 950K | 1.2M | 655K |
| Debt Repayment | 3.2M | 4.5M | 1.9M | 880K | 158K | 80K | 73M | 18M | 4K | 29K | 0 | 3.5M | 3.5M |
| Balance Sheet | |||||||||||||
| Net Debt | -11M | -15M | -11M | -10M | -5.3M | 650K | -19M | -19M | -14M | -6.0M | 8.4M | 4.4M | -4.5M |
| Cash & Equiv. | 18M | 20M | 16M | 17M | 9.4M | 8.7M | 29M | 19M | 14M | 16M | 5.2M | 6.0M | 9.4M |
| Long-Term Debt | 3.2M | 3.2M | 4.0M | 6.8M | 4.0M | 9.3M | 10M | 35K | 19K | 10M | 10M | 10.0M | 3.3M |
| Debt/Equity | 0.09 | 0.08 | 0.10 | 0.20 | 0.17 | 0.52 | 0.33 | 0.00 | 0.00 | N/A | 0.60 | 0.87 | 0.41 |
| Interest Coverage | -17.3 | -84.9 | -67.1 | -76.9 | -39.0 | -12.5 | 47.0 | 53.8 | 104.9 | -47.2 | -14.4 | -10.3 | -10.3 |
| Equity | 77M | 65M | 46M | 35M | 23M | 18M | 31M | 58M | 65M | N/A | 23M | 12M | 12M |
| Total Assets | 99M | 88M | 71M | 62M | 45M | 56M | 73M | 93M | 87M | 23M | 63M | 52M | 48M |
| Total Liabilities | 22M | 23M | 25M | 27M | 22M | 38M | 42M | 35M | 22M | N/A | 41M | 41M | 36M |
| Intangibles | 7.6M | 6.3M | 5.0M | 4.2M | 2.9M | 2.5M | 2.2M | 2.0M | 2.4M | 6.0M | 4.5M | 3.4M | 4.3M |
| Retained Earnings | -18M | -50M | -70M | -82M | -95M | -102M | -89M | -63M | -57M | -91M | -103M | -115M | -117M |
| Working Capital | 33M | 37M | 29M | 25M | 13M | 14M | 28M | 26M | 33M | 26M | 17M | 8.7M | 8.6M |
| Current Assets | 50M | 55M | 49M | 44M | 29M | 41M | 55M | 57M | 51M | 50M | 45M | 35M | 33M |
| Current Liabilities | 17M | 18M | 19M | 18M | 16M | 27M | 27M | 30M | 18M | 24M | 28M | 27M | 24M |
| Per Share Data | |||||||||||||
| EPS | -3.00 | -14.30 | -7.30 | -4.40 | -4.60 | -2.30 | 4.00 | 8.30 | 1.90 | -10.80 | -3.60 | -3.60 | -0.57 |
| Owner EPS | 1.82 | -8.25 | -3.30 | -2.09 | -2.64 | -2.64 | 5.83 | -0.16 | -0.79 | -1.89 | -4.18 | -0.91 | -7.75 |
| Book Value | 37.27 | 28.77 | 16.68 | 12.69 | 8.21 | 6.19 | 9.96 | 18.44 | 20.31 | N/A | 6.95 | 3.63 | 3.33 |
| Cash Flow/Share | 4.79 | -5.71 | -1.26 | -0.68 | -1.55 | -1.74 | 6.53 | 0.55 | -0.04 | -0.72 | -3.11 | 0.18 | 6.19 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 2.1M | 2.2M | 2.8M | 2.8M | 2.9M | 2.9M | 3.1M | 3.1M | 3.2M | 3.2M | 3.2M | 3.3M | 3.6M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | 10.2 | 8.6 | 15.2 | N/A | N/A | N/A | -17.8 |
| P/FCF | 15.3 | N/A | N/A | N/A | N/A | N/A | 6.5 | 271.5 | N/A | N/A | N/A | 49.8 | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | 7.5 | 30.0 | 9.3 | N/A | N/A | N/A | N/A |
| Price/Book | 1.9 | 1.2 | 0.9 | 1.5 | 1.0 | 1.5 | 4.1 | 3.9 | 1.4 | 1.8 | 1.3 | 2.1 | 3.0 |
| Price/Sales | 1.0 | 1.5 | 0.9 | 0.6 | 0.5 | 0.4 | 0.6 | 1.8 | 1.2 | 0.8 | 0.5 | 0.4 | 0.4 |
| FCF Yield | 6.5% | -19.7% | -9.6% | -4.8% | -20.8% | -20.8% | 15.4% | 0.4% | -0.7% | -4.7% | -38.7% | 2.0% | -1.1% |
| Market Cap | 145M | 75M | 40M | 53M | 24M | 26M | 127M | 225M | 93M | 61M | 28M | 25M | 36M |
| Avg. Price | 42.94 | 47.68 | 22.01 | 15.94 | 10.95 | 9.05 | 30.37 | 68.34 | 44.92 | 20.07 | 12.97 | 9.05 | 10.13 |
| Year-End Price | 70.20 | 33.50 | 14.60 | 19.00 | 8.30 | 9.00 | 40.70 | 71.30 | 28.90 | 19.20 | 8.70 | 7.60 | 10.13 |
ORION ENERGY SYSTEMS, INC. passes 2 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 24.8%. At current prices, the estimated annualized return to fair value is -43.7%.
ORION ENERGY SYSTEMS, INC. (OESX) has a debt-to-equity ratio of 0.87. This indicates moderate leverage.
ORION ENERGY SYSTEMS, INC. (OESX) reported earnings per share (EPS) of $-3.60 in its most recent fiscal year.
ORION ENERGY SYSTEMS, INC. (OESX) has a return on equity (ROE) of -68.6%. A negative ROE may indicate losses or negative equity.
ORION ENERGY SYSTEMS, INC. (OESX) has a 5-year average gross margin of 24.8%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for ORION ENERGY SYSTEMS, INC. (OESX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ORION ENERGY SYSTEMS, INC. (OESX) has a book value per share of $3.63, based on its most recent annual SEC filing.