ORION ENERGY SYSTEMS INC

For the period ended Mar 31, 2024. Filed Jun 12, 2024.

About this filing

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

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Contents

Consolidated Statements of Operations

(in thousands, except share and per share amounts)

	Fiscal Year Ended March 31,
	2024	2023	2022
Product revenue	$63,307	$57,210	$91,889
Service revenue	27,274	20,173	32,494
Total revenue	90,581	77,383	124,383
Cost of product revenue	44,466	42,979	65,249
Cost of service revenue	25,204	16,893	25,222
Total cost of revenue	69,670	59,872	90,471
Gross profit	20,911	17,511	33,912
Operating expenses:
General and administrative	16,740	19,487	11,680
Impairment on Intangibles	456	—	—
Acquisition related costs	56	765	512
Sales and marketing	12,988	11,392	11,628
Research and development	1,495	1,852	1,701
Total operating expenses	31,735	33,496	25,521
(Loss) income from operations	(10,824)	(15,985)	8,391
Other income (expense):
Other income	39	—	1
Interest expense	(752)	(339)	(80)
Amortization of debt issue costs	(95)	(73)	(62)
Interest income	2	34	—
Total other expense	(806)	(378)	(141)
(Loss) income before income tax	(11,630)	(16,363)	8,250
Income tax expense	41	17,978	2,159
Net (loss) income	$(11,671)	$(34,341)	$6,091
Basic net (loss) income per share attributable to common shareholders	$(0.36)	$(1.08)	$0.20
Weighted-average common shares outstanding	32,486,240	31,703,712	31,018,356
Diluted net (loss) income per share	$(0.36)	$(1.08)	$0.19
Weighted-average common shares and share equivalents outstanding	32,486,240	31,703,712	31,294,573

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.