ORION ENERGY SYSTEMS, INC.
For the period ended Mar 31, 2026. Filed Jun 4, 2026.
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FY2026 · Filed Jun 4, 2026
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
| March 31, | ||
|---|---|---|
| (in thousands, except share amounts) | 2026 | 2025 |
| Assets | ||
| Cash and cash equivalents | $3,265 | $5,972 |
| Accounts receivable, net | 16,340 | 12,845 |
| Revenue earned but not billed | 6,409 | 3,350 |
| Inventories, net | 10,304 | 11,392 |
| Prepaid expenses and other current assets | 1,364 | 1,939 |
| Total current assets | 37,682 | 35,498 |
| Property and equipment, net | 6,114 | 8,026 |
| Goodwill | 1,484 | 1,484 |
| Other intangible assets, net | 2,646 | 3,379 |
| Other long-term assets, net | 3,679 | 4,076 |
| Total assets | $51,605 | $52,463 |
| Liabilities and Shareholders’ Equity | ||
| Accounts payable | $15,451 | $13,272 |
| Accrued expenses and other | 10,728 | 12,728 |
| Deferred revenue, current | 155 | 491 |
| Current maturities of long-term debt | 353 | 353 |
| Total current liabilities | 26,687 | 26,844 |
| Revolving credit facility | 3,000 | 7,000 |
| Long-term debt, less current maturities | 2,619 | 2,971 |
| Deferred revenue, long-term | - | 337 |
| Other long-term liabilities | 2,671 | 3,427 |
| Total liabilities | 34,977 | 40,579 |
| Commitments and contingencies (Note 14) | ||
| Shareholders’ equity: | ||
| Preferred stock, $0.01 par value: Shares authorized: 30,000,000 shares at March 31, 2026 and 2025; no shares issued and outstanding at March 31, 2026 and 2025 | — | — |
| Common stock, no par value: Shares authorized: 20,000,000 at March 31, 2026 and 2025; shares issued: 4,819,013 and 4,247,023 at March 31, 2026 and 2025; shares outstanding: 4,056,528 and 3,298,389 at March 31, 2026 and 2025 | — | — |
| Additional paid-in capital | 169,646 | 163,025 |
| Treasury stock: 762,485 and 948,634 common shares at March 31, 2026 and 2025 | (34,962) | (36,248) |
| Accumulated deficit | (118,056) | (114,893) |
| Total shareholders’ equity | 16,628 | 11,884 |
| Total liabilities and shareholders’ equity | $51,605 | $52,463 |
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