OESX - Orion Energy Systems GAAP EPS of -$0.21 misses by $0.11 revenue of $17.6M misses by $3.98M
2023-08-09 07:30:39 ET
- Orion Energy Systems press release ( NASDAQ: OESX ): Q1 GAAP EPS of -$0.21 misses by $0.11 .
- Revenue of $17.6M (-1.7% Y/Y) misses by $3.98M .
- Lighting revenues were $12.6M in Q1’24, compared to $13.9M in Q1’23, reflecting variability in timing of larger projects. Several larger projects for national customers are now ramping in Q2’24.
- Orion continues to expect FY 2024 revenue growth of 30% or more to approximately $100M, generally building as the year progresses with Q2’24 and the second half of the year, being stronger than Q1’24 and the first half of the year.
For further details see:
Orion Energy Systems GAAP EPS of -$0.21 misses by $0.11, revenue of $17.6M misses by $3.98M