OESX - Orion Energy Systems reports prelim Q3 revenue of $20M
- Orion Energy Systems ( NASDAQ: OESX ) on Monday said it expects to report third quarter 2023 revenue of about $20 million, compared to $30.7 million in Q3’22.
- The consensus estimate for Q3 2023 revenue is $25.3M.
- The company said Q3 gross profit percentage is anticipated to be about 25% vs 24.9% last year, and expects "positive" cash flow from operations in the quarter.
- "Orion expects continued sequential revenue growth in Q4’23 vs. Q3’23, which should be the strongest quarter of FY’23, and likely will exceed Q4’22 revenue of $22.1M," the company said.
- 2023 revenue is expected to be $77M to $80M, the consensus estimate is $99.3M.
- Orion currently preliminarily expects FY’24 revenue growth of 30% or more over FY’23.
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Orion Energy Systems reports prelim Q3 revenue of $20M