OESX - Orion Energy Systems Inc. (OESX) Q4 2024 Earnings Call Transcript

2024-06-06 22:48:08 ET

Orion Energy Systems, Inc. (OESX)

Q4 2024 Earnings Conference Call

June 06, 2024 10:00 AM ET

Company Participants

William Jones - IR

Michael Jenkins - CEO

Per Brodin - CFO

Conference Call Participants

Eric Stine - Craig-Hallum

Amit Dayal - H.C. Wainwright

B.J. Cook - Singular Research

William Dezellem - Tieton Capital Management

Andrew Shapiro - Lawndale Capital Management

Presentation

Operator

Good morning, everyone, and welcome to Orion Energy Systems Fiscal 2024 Fourth Quarter Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to turn the conference over to Bill Jones, Investor Relations, to begin.

William Jones

Thanks, Michelle, and good morning, everyone, and thank you for joining this call today. Mike Jenkins, Orion's CEO; and Per Brodin, Orion's CFO, will review the company's Q4 and full year results, the company's financial position, and its fiscal '25 outlook. Then we will open the call to investor questions. Today's conference call is being recorded, and a replay will be posted on the Investor Relations section of Orion's website, orionlighting.com.

As a reminder, remarks that follow and answers to questions include statements that are forward-looking as per the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include words such as anticipate, believe, expect, project, or similar words. Also, any statements that describe future targets, goals, or company plans or its outlook are also forward-looking. These forward-looking statements are subject to various risks that could cause actual results to differ materially from current expectations.

Such risks include, among other matters, matters that Orion has described in its press release issued this morning, as well as in its filings with the SEC. Except as described therein, the company disclaims any obligation to update or revise these forward-looking statements, which are made as of today's date. Reconciliations of certain non-GAAP financial metrics to the closest GAAP measures are also provided in today's press release.

Now I will turn the call over to Mike Jenkins. Mike?

Michael Jenkins

Thanks, Bill. Good morning, and thank you all for joining today's call. As anticipated, Orion's revenue momentum continued to build across the business in the fourth quarter, enabling us to achieve our strongest revenue quarter of the year and end within our full year revenue guidance. We expect this positive revenue momentum to continue in fiscal 2025 and have guided 10% to 15% revenue growth over fiscal '24 for the full year....

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