Orion Energy Systems GAAP EPS of -$0.09 misses by $0.08, revenue of $17.9M misses by $6.9M

Aug. 03, 2022 7:36 AM ETOrion Energy Systems, Inc. (OESX)By: Deepa Sarvaiya, SA News Editor
  • Orion Energy Systems press release (NASDAQ:OESX): Q1 GAAP EPS of -$0.09 misses by $0.08.
  • Revenue of $17.9M (-49.0% Y/Y) misses by $6.9M.
  •  Orion now expects a modest sequential revenue improvement in Q2'23 over Q1'23 and full-year FY 2023 revenue of between $90M and $110M vs consensus of $124.56M. This range principally reflects potential variability in the timing of large customer projects. This updated FY 2023 revenue outlook implies double digit organic growth in business outside of its largest customer.

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