ORION ENERGY SYSTEMS INC

For the period ended Mar 31, 2025. Filed Jun 26, 2025.

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.

FY2025 · Filed Jun 26, 2025

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,
	2025	2024	2023
Product revenue	$54,368	$63,307	$57,210
Service revenue	25,352	27,274	20,173
Total revenue	79,720	90,581	77,383
Cost of product revenue	37,319	44,466	42,979
Cost of service revenue	22,165	25,204	16,893
Total cost of revenue	59,484	69,670	59,872
Gross profit	20,236	20,911	17,511
Operating expenses:
General and administrative	18,008	16,740	19,487
Impairment on Intangibles	—	456	—
Acquisition related costs	—	56	765
Sales and marketing	11,595	12,988	11,392
Research and development	1,229	1,495	1,852
Total operating expenses	30,832	31,735	33,496
Loss from operations	(10,596)	(10,824)	(15,985)
Other income (expense):
Other income	62	39	—
Interest expense	(1,026)	(752)	(339)
Amortization of debt issue costs	(206)	(95)	(73)
Interest income	7	2	34
Total other expense	(1,163)	(806)	(378)
Loss before income tax	(11,759)	(11,630)	(16,363)
Income tax expense	42	41	17,978
Net loss	$(11,801)	$(11,671)	$(34,341)
Basic net loss per share attributable to common shareholders	$(0.36)	$(0.36)	$(1.08)
Weighted-average common shares outstanding	32,829,470	32,486,240	31,703,712
Diluted net loss per share	$(0.36)	$(0.36)	$(1.08)
Weighted-average common shares and share equivalents outstanding	32,829,470	32,486,240	31,703,712

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.