ORION ENERGY SYSTEMS INC
For the period ended Mar 31, 2024. Filed Jun 12, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Jun 12, 2024
OESX$13.24+5.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(in thousands, except share amounts)
| March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Cash and cash equivalents | $5,155 | $15,992 |
| Accounts receivable, net | 14,022 | 13,728 |
| Revenue earned but not billed | 4,539 | 1,320 |
| Inventories | 18,246 | 18,205 |
| Prepaid expenses and other current assets | 2,860 | 1,116 |
| Total current assets | 44,822 | 50,361 |
| Property and equipment, net | 9,593 | 10,470 |
| Goodwill | 1,484 | 1,484 |
| Other intangible assets, net | 4,462 | 6,004 |
| Other long-term assets | 2,808 | 3,260 |
| Total assets | $63,169 | $71,579 |
| Liabilities and Shareholders’ Equity | ||
| Accounts payable | $18,350 | $13,405 |
| Accrued expenses and other | 9,440 | 10,552 |
| Deferred revenue, current | 260 | 480 |
| Current maturities of long-term debt | 3 | 17 |
| Total current liabilities | 28,053 | 24,454 |
| Revolving credit facility | 10,000 | 10,000 |
| Long-term debt, less current maturities | — | 3 |
| Deferred revenue, long-term | 413 | 489 |
| Other long-term liabilities | 2,161 | 3,384 |
| Total liabilities | 40,627 | 38,330 |
| Commitments and contingencies (Note 14) | ||
| Shareholders’ equity: | ||
| Preferred stock, $0.01 par value: Shares authorized: 30,000,000 shares at March 31, 2024 and 2023; no shares issued and outstanding at March 31, 2024 and 2023 | — | — |
| Common stock, no par value: Shares authorized: 200,000,000 at March 31, 2024 and 2023; shares issued: 42,038,967 and 41,767,092 at March 31, 2024 and 2023; shares outstanding: 32,567,746 and 32,295,408 at March 31, 2024 and 2023 | — | — |
| Additional paid-in capital | 161,869 | 160,907 |
| Treasury stock: 9,471,221 and 9,471,684 common shares at March 31, 2024 and 2023 | (36,235) | (36,237) |
| Retained deficit | (103,092) | (91,421) |
| Total shareholders’ equity | 22,542 | 33,249 |
| Total liabilities and shareholders’ equity | $63,169 | $71,579 |
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