Orion Announces Second Quarter 2025 Revenue of $19.4 Million

Orion Energy Systems, Inc. reported its fiscal 2025 second-quarter results, revealing total revenue of $19.4 million, a decrease from $20.6 million in the same quarter last year, primarily due to a 20% drop in LED lighting revenue following the completion of a significant project. However, revenue from electric vehicle (EV) charging solutions grew by 40% to $4.7 million, driven by contracts in Eversource Energy’s EV program and other projects. Maintenance services also increased by 5% to $3.8 million, aided by improved profitability following the non-renewal of unprofitable contracts. The company’s net loss narrowed to $3.6 million, or ($0.11) per share, a marginal improvement from the previous year’s loss. Looking ahead, Orion’s CEO expressed optimism about upcoming projects in the LED segment and continued growth in EV charging solutions, anticipating overall revenue growth of around 10% for the fiscal year. The company is focused on leveraging regulatory changes toward energy efficiency and maintaining a solid operational strategy moving forward.

Orion Announces Second Quarter 2025 Revenue of $19.4 Million

Cal Thomas Reflects on the Significance of Christmas Trees

Knicks Take Strategic Gamble as Simmons Aims for Career Comeback at Madison Square Garden

LG Electronics Set to Reveal New Line of ‘Plant Household Appliances’

Unveiling the Cosmos: Pench Tiger Reserve Becomes India’s First Dark Sky Park