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Orion Energy Systems

OverviewSuggest Edit

Orion is the transformation of commercial and industrial buildings with state-of-the-art energy efficient lighting systems. Orion manufactures and markets a cutting edge portfolio of products encompassing LED Solid-State Lighting and high intensity fluorescent lighting. The Company also provides energy management services, including site assessment, site field verification, utility incentive and government subsidy management, engineering design, project management, installation services, and recycling in connection with its retrofit installations.

TypePublic
Founded1996
HQManitowoc, USMap
Websiteorionlighting.com
Employee Ratings2.7More
View Jobs (8)

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Latest Updates

Employees (est.) (Mar 2019)186(+22%)
Job Openings8
Revenue (FY, 2020)$150.8 M(+130%)
Share Price (Nov 2020)$8.9
Cybersecurity ratingAMore

Key People/Management at Orion Energy Systems

Mike Altschaefl

Mike Altschaefl

CEO & Board Chair
Scott Green

Scott Green

COO
Bill Hull

Bill Hull

CFO
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Orion Energy Systems Office Locations

Orion Energy Systems has offices in Manitowoc, Chicago and Jacksonville
Manitowoc, US (HQ)
2210 Woodland Dr
Chicago, US
105 W Adams St
Jacksonville, US
9143 Philips Hwy #420
Show all (3)

Orion Energy Systems Financials and Metrics

Orion Energy Systems Revenue

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Orion Energy Systems's revenue was reported to be $150.84 m in FY, 2020
USD

Revenue (Q2, 2021)

26.3m

Gross profit (Q2, 2021)

7.3m

Gross profit margin (Q2, 2021), %

27.6%

Net income (Q2, 2021)

1.9m

EBIT (Q2, 2021)

1.9m

Market capitalization (20-Nov-2020)

273.1m

Closing stock price (20-Nov-2020)

8.9

Cash (30-Sept-2020)

12.1m

EV

268.9m
Orion Energy Systems's current market capitalization is $273.1 m.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

100.6m86.1m88.6m72.2m67.6m70.2m60.3m65.8m150.8m

Revenue growth, %

(19%)(6%)4%

Cost of goods sold

70.5m59.4m65.6m73.3m51.6m52.9m45.6m51.2m113.7m

Gross profit

30.0m26.7m23.0m(1.1m)16.0m17.3m14.7m14.6m37.1m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

18.2m19.3m27.4m15.3m19.4m29.1m20.9m27.5m27.7m13.3m13.4m26.1m16.6m15.7m16.8m15.6m18.7m20.6m12.6m15.4m17.3m13.8m13.2m16.3m42.4m48.3m34.2m10.8m26.3m

Cost of goods sold

12.2m12.4m19.9m10.9m13.6m20.5m15.1m19.7m19.5m10.7m23.9m22.3m12.8m12.8m12.0m11.6m12.4m14.5m9.8m11.8m12.1m10.4m10.7m12.1m32.1m35.5m26.0m8.2m19.0m

Gross profit

6.0m6.8m7.5m4.4m5.8m8.6m5.7m7.8m8.2m2.6m(10.6m)3.8m3.8m2.9m4.7m4.0m6.2m6.2m2.7m3.6m5.1m3.5m2.5m4.2m10.3m12.8m8.3m2.6m7.3m

Gross profit Margin, %

33%35%27%29%30%30%27%28%29%20%(79%)15%23%19%28%26%33%30%22%23%30%25%19%26%24%26%24%24%28%
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Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

23.0m14.4m17.6m20.0m15.5m17.3m9.4m8.7m28.8m

Accounts Receivable

19.2m18.4m10.9m9.2m8.7m14.8m10.4m

Prepaid Expenses

2.2m2.5m5.0m2.5m695.0k723.0k

Inventories

18.1m15.2m4.7m2.4m17.0m13.6m7.8m13.4m14.5m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

12.6m15.6m18.2m19.0m13.2m13.1m15.5m17.6m18.3m16.3m11.1m4.8m17.9m13.4m17.5m14.2m18.7m19.1m8.5m8.7m10.6m7.8m5.7m6.6m10.2m11.1m13.8m10.8m12.1m

Accounts Receivable

24.8m21.6m20.5m16.4m19.4m20.2m23.7m17.3m20.3m13.7m14.8m18.0m18.9m15.9m14.6m13.1m12.2m11.7m7.0m8.1m8.7m7.2m5.8m6.1m24.0m27.0m15.2m5.7m17.0m

Prepaid Expenses

1.5m4.1m2.3m2.1m1.7m3.4m2.0m2.5m4.8m2.8m1.7m7.2m1.4m1.2m528.0k2.8m1.2m1.7m3.1m1.8m1.5m408.0k417.0k627.0k677.0k676.0k714.0k570.0k659.0k

Inventories

18.4m32.8m19.5m16.4m18.4m17.8m15.4m15.2m13.5m10.9m12.1m15.0m15.7m15.9m18.4m15.5m17.0m16.6m12.3m9.3m8.8m8.6m8.3m9.0m14.9m17.6m12.2m17.1m18.1m
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Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

483.0k(10.4m)(6.2m)(32.1m)(20.1m)(12.3m)(13.1m)(6.7m)12.5m

Depreciation and Amortization

4.2m4.6m3.8m2.9m4.2m2.3m607.0k1.8m1.6m

Inventories

(1.4m)3.7m(1.1m)1.3m(3.2m)1.2m4.7m(4.7m)(1.3m)

Accounts Payable

1.8m(6.5m)(762.0k)2.5m713.0k(81.0k)20.0k8.9m(79.0k)
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

(792.0k)(318.0k)640.0k(1.9m)(11.6m)(10.9m)(781.0k)1.6m2.6m(4.4m)(22.7m)(27.4m)(3.7m)(7.3m)(9.3m)(2.9m)(3.9m)(5.0m)(6.6m)(10.2m)(11.7m)(2.7m)(5.1m)(5.8m)4.0m10.7m13.0m(2.2m)(305.0k)

Depreciation and Amortization

927.0k1.9m3.0m1.1m2.2m3.4m1.1m2.0m3.0m762.0k1.5m2.2m786.0k1.6m2.3m389.0k755.0k1.1m400.0k701.0k1.1m300.0k700.0k1.0m315.0k610.0k910.0k292.0k587.0k

Inventories

(2.6m)(3.3m)(3.6m)1.3m(224.0k)823.0k1.5m3.3m5.3m612.0k154.0k(3.0m)(1.5m)(1.6m)(4.2m)1.3m(426.0k)(169.0k)1.2m4.0m4.1m(102.0k)345.0k(367.0k)(1.6m)(4.4m)970.0k(2.6m)(3.7m)

Accounts Payable

4.1m(2.1m)3.0m(2.5m)866.0k(941.0k)2.9m2.6m1.9m(1.6m)537.0k8.1m2.0m(2.3m)1.0m(1.5m)667.0k602.0k(2.0m)(3.8m)30.0k(575.0k)(1.9m)555.0k7.1m12.7m(3.0m)(6.1m)(6.3m)
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USDQ1, 2012

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

1.5 x
Show all financial metrics

Orion Energy Systems Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

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Orion Energy Systems Online and Social Media Presence

Orion Energy Systems's Trends

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Orion Energy Systems News and Updates

June 04, 2020

Orion Energy Systems FY 2020 Revenue Grew 129% to $151M and EPS Rose to $0.40, Driven by Major Turnkey LED Lighting Retrofit Projects; Investor Call Today at 10am ET

MANITOWOC, Wis., June 04, 2020 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of LED lighting systems and turnkey project implementation including installation and commissioning of fixtures, controls and IoT systems, ongoing system maintenance and progra…
September 17, 2019

LED Lighting Solutions Provider Orion Energy Systems Adds Three Senior Sales Executives to Support National Account Sales and Overall Growth

MANITOWOC, Wis., Sept. 17, 2019 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of enterprise-grade LED lighting and energy project solutions, today announced the appointment of three senior sales executives, each with extensive industry relationships and…
August 23, 2019

Turnkey LED Lighting Retrofit Provider Orion Energy Systems to Webcast Presentation at Gateway Investor Conference in San Francisco Wednesday, Sept. 4th at 7:30am PT

SAN FRANCISCO and MANITOWOC, Wis., Aug. 23, 2019 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a leading provider of enterprise-grade LED lighting and energy project solutions, announced it will present and participate in one-on-one meetings at the 8th Annual Gate…
May 17, 2019

LED Lighting Provider Orion Energy Systems Names Seasoned Business Leader and Public Company Director Alan B. Howe to its Board

MANITOWOC, Wis., May 17, 2019 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of enterprise-grade LED lighting and energy project solutions, today announced the expansion of its Board of Directors with the appointment of Alan B. Howe.
June 04, 2018

Orion Energy Systems' (OESX) CEO Mike Altschaefl on F4Q 2017 Results - Earnings Call Transcript

Orion Energy Systems Blogs

August 13, 2019

August 2019 Product Launch

We are pleased to announce one of our biggest product launches to date including new product series, and dozens of expansions. Some of the product highlights include our first ever ISONTM Linear Retrofit Kits, two new HARRIS troffer retrofit product lines, and a new field adjustable lumen output HAR…
August 13, 2019

Webinar OnDemand: Orion August 2019 Product Launch Training

The post Webinar OnDemand: Orion August 2019 Product Launch Training appeared first on Orion Energy Systems Inc..
October 30, 2018

September 2018 Product Launch

We are pleased to announce an expansion of several of our ISON™ and HARRIS products. Among the enhancements, you will find HBHC2 high efficiency options, a new form factor LDRE1 1’x4′ retrofit troffer, a new generation of exterior area light, and additional product updates. HARRIS LED High Bay Patri…
October 02, 2018

Webinar OnDemand: Orion September 2018 Product Launch Training

The post Webinar OnDemand: Orion September 2018 Product Launch Training appeared first on Orion Energy Systems Inc..

 Orion Energy Systems Frequently Asked Questions

  • When was Orion Energy Systems founded?

    Orion Energy Systems was founded in 1996.

  • Who are Orion Energy Systems key executives?

    Orion Energy Systems's key executives are Mike Altschaefl, Scott Green and Bill Hull.

  • How many employees does Orion Energy Systems have?

    Orion Energy Systems has 186 employees.

  • What is Orion Energy Systems revenue?

    Latest Orion Energy Systems annual revenue is $150.8 m.

  • What is Orion Energy Systems revenue per employee?

    Latest Orion Energy Systems revenue per employee is $811 k.

  • Who are Orion Energy Systems competitors?

    Competitors of Orion Energy Systems include edotco, Advanced Electrical Installations and China Huaneng Group.

  • Where is Orion Energy Systems headquarters?

    Orion Energy Systems headquarters is located at 2210 Woodland Dr, Manitowoc.

  • Where are Orion Energy Systems offices?

    Orion Energy Systems has offices in Manitowoc, Chicago and Jacksonville.

  • How many offices does Orion Energy Systems have?

    Orion Energy Systems has 3 offices.