Every material Form 8-K ORION ENERGY SYSTEMS, INC. has filed with the SEC since August 07, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Orion Energy Systems reported fiscal 2027 second-quarter results for the quarter ended September 30, 2026. Revenue rose 9% to $21.7 million, but gross margin fell to 28.7% from 31.0%, and the net loss widened to $0.8 million, or $(0.20) per share, from $0.6 million a year earlier. The company reiterated its full-year fiscal 2027 revenue expectation of $100 million to $102 million and said it expects positive adjusted EBITDA for the year.
Revenue was $21.7 million versus $19.9 million; LED lighting rose to $14.9 million from $10.7 million, while EV charging fell to $2.8 million from $4.8 million.
Gross margin was 28.7% versus 31.0%, and the net loss was $0.8 million, or $(0.20) per share, versus $0.6 million, or $(0.17) per share.
Adjusted EBITDA was $0.0 million, compared with $0.5 million in the year-earlier quarter.
The company reiterated its fiscal 2027 revenue expectation of $100 million to $102 million, which it raised from $95 million to $97 million on September 15.
Orion Energy Systems said a longtime US retailer customer made a follow-on commitment for a new LED lighting project estimated at $10 million to $15 million, and raised its fiscal 2027 revenue outlook to $100 million to $102 million from $95 million to $97 million. The company said the timing of individual purchase orders is uncertain, and that Q2 revenue is expected to fall from the previously announced Q1 revenue of $25.7 million.
FY 2027 revenue outlook raised to $100 million to $102 million, up from $95 million to $97 million
New retailer project estimated at $10 million to $15 million; most revenue expected in the second half of fiscal 2027, which ends March 31, 2027
Fiscal Q2 revenue expected to decrease compared with Q1 revenue of $25.7 million
Company continues to expect positive Adjusted EBITDA for the fiscal year as a whole
At its August 6, 2026 annual meeting, Orion Energy Systems shareholders approved an amended and restated 2016 Omnibus Incentive Plan that raises the share reserve from 600,000 to 900,000 shares and extends the plan's term to the tenth anniversary of the meeting. Shareholders also re-elected two Class I directors, approved executive pay on an advisory basis, and ratified BDO USA, P.C. as auditor for fiscal 2027. The plan change adds potential equity dilution for existing shareholders, and the filing does not state the value of future awards.
Amended 2016 Plan increases available shares from 600,000 to 900,000, an increase of 300,000 shares
Plan term extended to the 10th anniversary of the August 6, 2026 annual meeting; non-employee director annual award limit set at $500,000 combined grant value and cash fees
Plan proposal approved by over 82% of votes cast; 301,419 votes against
Richard A. Shapiro and Heather L. Wishart-Smith re-elected as Class I directors with over 93% of votes cast
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