Brief: Orion Energy Reports Third Quarter 2023 Results

Orion Energy Systems

09/02/2023 13:41

Feb 9 (Reuters) - Orion Energy Systems Inc  OESX.O :
    * ORION ENERGY SYSTEMS REPORTS Q3 REVENUE OF $20.3M;
REITERATES
FY’24 OUTLOOK FOR 30% REVENUE GROWTH
    * ORION ENERGY SYSTEMS INC Q3 REVENUE $20.3 MILLION VERSUS
$30.7
MILLION
    * ORION ENERGY SYSTEMS INC Q3 LOSS PER SHARE $0.75
    * ORION ENERGY SYSTEMS INC - EXPECTS CONTINUED SEQUENTIAL
REVENUE
GROWTH IN Q4'23 VERSUS. Q3'23
    * ORION ENERGY SYSTEMS INC - FULL FY'23 REVENUE OF $77M TO
$80M IS
EXPECTED
    * ORION ENERGY SYSTEMS INC - EXPECTS FY'24 REVENUE GROWTH OF
30%
OR MORE OVER FY'23
    * ORION ENERGY SYSTEMS INC - EXPECTS FY'24 REVENUE GROWTH OF
30%
OR MORE OVER FY'23 AND PLANS
    * ORION ENERGY SYSTEMS INC - WE WERE OPERATING CASH FLOW
POSITIVE
IN Q3 AND EXPECT Q4 WILL BE OUR STRONGEST REVENUE QUARTER OF
YEAR

Source text for Eikon:  ID:nGNXSM6j3 
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