OESX - Orion Energy Systems nabs follow-on national account orders worth $16.4M

Orion Energy Systems (OESX) secured $16.4M in follow-on orders from two of its major retail customers.The first contract is a extension from its large national retail customer totaling ~$14.9M; expected to complete during the first three quarters of FY22.The second one is an additional award of ~$1.5M from its large national specialty retail customer and expects to complete this work during the first and second quarters of FY22."We believe these projects and others we have underway will propel us to achieve our previously stated objective of generating at least $150M in revenue in FY22," CEO Mike Altschaefl commented.

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Orion Energy Systems nabs follow-on national account orders worth $16.4M