orion is a leader in led lighting systems which transform commercial and industrial buildings into state of the art energy efficient facilities. orion is a us based manufacturer and is proud to claim made in the usa on our products. our product portfolio includes led products covering industrial, commercial, agricultural, exterior and lighting control applications. many of orion's nearly 100 granted patents relate to lighting systems that provide exceptional optical and thermal performance, driving financial, environmental and work-space benefits for a wide variety of customers in the retrofit category. we are driven, passionate and committed to helping our customers save money and improve their lighting effectiveness. we work hard and we celebrate our wins. our thriving culture and strong values challenge us to be the best. if your goal is to be part of an organization that is doing great things in a fast-paced environment with great rewards, then orion is the right place for you.
Company profile
Ticker
OESX
Exchange
Website
CEO
Michael W. Altschaefl
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Great Lakes Energy • Clean Energy • Orion Asset Management, LLC • Orion LED Canada, Inc. • Stay-Lite Lighting, Inc. • Voltrek, LLC ...
IRS number
391847269
OESX stock data
Latest filings (excl ownership)
10-Q
2024 Q3
Quarterly report
7 Feb 24
8-K
Orion’s Q3’24 Revenue Rose 28% to $26M on Strength in LED Lighting; Reiterates Revenue Growth Outlook of $90M-$95M for FY 2024
7 Feb 24
8-K
Other Events
30 Jan 24
8-K
LED Lighting, EV Charging and Electrical Maintenance Provider Orion Announces Preliminary
18 Jan 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
22 Dec 23
10-Q
2024 Q2
Quarterly report
9 Nov 23
8-K
Q2’24 Revenue Rose 17% to $20.6M; Maintains 30% Revenue Growth Outlook for FY 2024
7 Nov 23
S-8
Registration of securities for employees
11 Aug 23
8-K
Departure of Directors or Certain Officers
11 Aug 23
10-Q
2024 Q1
Quarterly report
9 Aug 23
Transcripts
OESX
Earnings call transcript
2024 Q3
7 Feb 24
OESX
Earnings call transcript
2024 Q2
7 Nov 23
OESX
Earnings call transcript
2024 Q1
9 Aug 23
OESX
Earnings call transcript
2023 Q4
6 Jun 23
OESX
Earnings call transcript
2023 Q3
9 Feb 23
OESX
Earnings call transcript
2023 Q2
8 Nov 22
OESX
Earnings call transcript
2023 Q1
3 Aug 22
OESX
Earnings call transcript
2022 Q4
7 Jun 22
OESX
Earnings call transcript
2022 Q3
9 Feb 22
OESX
Earnings call transcript
2022 Q2
9 Nov 21
Latest ownership filings
4
Heather L Wishart-Smith
14 Feb 24
SC 13G/A
GRACE & WHITE INC /NY
5 Feb 24
SC 13G/A
Tieton Capital Management, LLC
1 Feb 24
SC 13G/A
North Star Investment Management Corp.
10 Jan 24
SC 13G
GRACE & WHITE INC /NY
7 Dec 23
4
J PER BRODIN
1 Dec 23
4
Scott A. Green
30 Nov 23
4
ELLEN B RICHSTONE
30 Nov 23
4
Anthony L. Otten
29 Nov 23
4
MICHAEL H JENKINS
29 Nov 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Mar 23 | Mar 22 | Mar 21 | Mar 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 4.03 mm | 4.03 mm | 4.03 mm | 4.03 mm | 4.03 mm | 4.03 mm |
Cash burn (monthly) | 1.41 mm | 707.92 k | 1.46 mm | 1.73 mm | 1.33 mm | 584.25 k |
Cash used (since last report) | 8.39 mm | 4.22 mm | 8.68 mm | 10.28 mm | 7.92 mm | 3.48 mm |
Cash remaining | -4.36 mm | -191.11 k | -4.66 mm | -6.25 mm | -3.89 mm | 545.41 k |
Runway (months of cash) | -3.1 | -0.3 | -3.2 | -3.6 | -2.9 | 0.9 |
Institutional ownership, Q3 2023
53.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 53 |
Opened positions | 8 |
Closed positions | 11 |
Increased positions | 11 |
Reduced positions | 15 |
13F shares | Current |
---|---|
Total value | 14.60 bn |
Total shares | 17.53 mm |
Total puts | 0.00 |
Total calls | 600.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
North Star Investment Management | 2.86 mm | $3.61 bn |
Kanen Wealth Management | 2.16 mm | $2.72 bn |
Philotimo Fund | 2.13 mm | $4.05 mm |
Tieton Capital Management | 2.12 mm | $2.67 mm |
Renaissance Technologies | 1.27 mm | $1.60 mm |
Vanguard | 1.26 mm | $1.59 bn |
Acuitas Investments | 1.14 mm | $1.44 bn |
Grace & White | 1.04 mm | $1.31 bn |
Heartland Advisors | 714.61 k | $900.41 mm |
USB U.S. Bancorp. | 450.25 k | $567.32 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
12 Feb 24 | Heather L Wishart-Smith | Common Stock | Grant | Acquire A | No | No | 0 | 5,461 | 0.00 | 30,675 |
1 Dec 23 | J Per Brodin | Common Stock | Buy | Acquire P | No | No | 0.91 | 5,000 | 4.55 k | 430,911 |
30 Nov 23 | Green Scott A. | Common Stock | Buy | Acquire P | No | No | 0.9238 | 53,300 | 49.24 k | 830,060 |
29 Nov 23 | Richstone Ellen B | Common Stock | Buy | Acquire P | No | No | 0.93 | 30,000 | 27.90 k | 209,261 |
29 Nov 23 | Otten Anthony L. | Common Stock | Buy | Acquire P | No | No | 0.915 | 2,500 | 2.29 k | 171,889 |
News
HC Wainwright & Co. Maintains Buy on Orion Energy Sys, Lowers Price Target to $3
8 Feb 24
Orion Expects Fiscal 2024 Revenue Growth Of 16%-23% To A Range Of ~$90M-$95M Vs. $97.5M Est; Sees Q4 Revenue In The Range Of $26M-$31M Vs. $32.31M Est.
7 Feb 24
Orion Energy Systems Q3 EPS $(0.07), Inline, Sales $26.00M Miss $27.03M Estimate
7 Feb 24
Earnings Scheduled For February 7, 2024
7 Feb 24
Press releases
Orion Energy Systems' EV Charging Business (Voltrek), Secures Major EV Charger Project for Long-Time Municipal Customer
28 Feb 24
LED Lighting and EV Charging Solutions Provider Orion to Present in Singular Research's Emerging Growth & Value Webinar, Thurs. Feb. 22nd at 12:15pm ET
14 Feb 24
Orion's Q3'24 Revenue Rose 28% to $26M on Strength in LED Lighting; Reiterates Revenue Growth Outlook of $90M-$95M for FY 2024
7 Feb 24
LED Lighting, EV Charging and Maintenance Solutions Provider Orion Hosts Q3 Call Wed., February 7th at 10am ET
25 Jan 24
LED Lighting, EV Charging and Electrical Maintenance Provider Orion Announces Preliminary Q3'24 Revenue Growing to $25.8M-$26.2M and Improved Cash Position; Updates FY 2024 Anticipated Revenue Outlook to $90M-$95M
18 Jan 24