Orion Energy Systems, Inc. Provides Revenue Guidance for the Fiscal Year 2023
June 07, 2022 at 07:29 am EDT
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Orion Energy Systems, Inc. provided revenue guidance for the fiscal year 2023. Orion envisions a realistic path to meet or exceed Fiscal Year 2022 revenue performance in Fiscal year 2023. Assuming approximately $25 Million in revenue from largest customer in fiscal 2023, this implies organic growth of approximately 50% in business outside of largest customer.
Orion Energy Systems, Inc. provides light emitting diode (LED) lighting systems, wireless Internet of Things (IoT) enabled control solutions, commercial and industrial electric vehicle (EV) charging infrastructure solutions and lighting and electrical maintenance services. Its lighting segment develops and sells lighting products and provides construction and engineering services for its commercial lighting and energy management systems. Its lighting segment provides engineering, design, lighting products and, in many cases, turnkey solutions for large national accounts, governments, municipalities, schools, and other customers. Its maintenance segment provides retailers, distributors and other businesses with maintenance, repair and replacement services for the lighting and related electrical components deployed in their facilities. Its EV segment offers electric vehicle charging expertise and provides EV turnkey installation solutions with ongoing support to all commercial verticals.