Thu, Jun 26, 8:08 PM (17 days ago)
### Summary of Orion Energy Systems, Inc. (OESX) 10-K Annual Report **Financial Performance:** - **Revenue:** $79.7 million (down 12% YoY) - **Net Income:** $(11.8) million (down from $(11.7) million YoY) - **Earnings per Share (EPS):** $(0.36) (unchanged YoY) - **Gross Margin:** 25.4% (up from 23.1% YoY) - **Operating Expenses:** $30.8 million (up from $31.7 million YoY) **Strategic Overview:** - Orion Energy Systems provides LED lighting systems, IoT-enabled control solutions, and EV charging infrastructure solutions. - The company focuses on commercial, industrial, and government markets. - Orion has three segments: lighting, maintenance, and EV charging. **Future Outlook:** - The company aims to cross-sell its lighting, maintenance, and EV charging solutions. - Orion plans to grow organically and expand its geographic reach. - The company is implementing a new ERP system, expected to go live in Q1 2027. **Risk Factors:** - **Liquidity and Capital Resources:** The company may not have sufficient liquidity to fund operations or pay debt obligations. - **EV Charging Infrastructure:** The reduction or elimination of incentives for EV charging infrastructure may reduce demand. - **Competition:** The company faces strong competition in the lighting and EV charging markets. - **Regulatory Matters:** Government tariffs and other actions may adversely affect the business. **Financial Condition:** - **Cash and Cash Equivalents:** $5.97 million (up from $5.16 million YoY) - **Debt:** $10.3 million (up from $10.0 million YoY) - **Working Capital:** $8.7 million (down from $16.7 million YoY) **Market Position Changes:** - The company's stock is listed on the NASDAQ Capital Market under the symbol "OESX." - Orion is not paying dividends and does not anticipate paying dividends in the foreseeable future. **Amendment Information:** - The 10-K/A amendment includes changes to the financial statements and notes to reflect the company's financial performance and strategic initiatives.