OESX on Nasdaq
ORION ENERGY SYSTEMS, INC.
American electric lighting and wiring equipment company1
In its 2026 annual report the company says: “We provide state-of-the-art light emitting diode lighting systems, wireless Internet of Things enabled control solutions, commercial and industrial electric vehicle charging infrastructure solutions and lighting and electrical maintenance services. We help our customers achieve their sustainability, energy savings and carbon footprint reduction goals through innovative technology and exceptional service. We sell our products and services into many vertical markets within the broader commercial and industrial market segment.”4 It is headquartered in Manitowoc, Wisconsin.1 Its shares trade on Nasdaq under the symbol OESX.1
Price unavailable
Last updated Oct 21, 2026.
Overview
Compare with SKYX Platforms Corp., CCSC Technology International Holdings Ltd or LSI INDUSTRIES INC, or pick any stock.
- TickerOESX on Nasdaq1
- IndustryElectric Lighting & Wiring Equipment1
- HeadquartersManitowoc, Wisconsin1
- Incorporated inWI3
- Business address2210 Woodland Drive, Manitowoc, Wi 542203
- Filer categoryNon-accelerated filer, Smaller reporting company3
See how the biggest companies compare on our leaderboards
As used herein, unless otherwise expressly stated or the context otherwise requires, all references to “Orion,” “we,” “us,” “our,” “Company” and similar references are to Orion Energy Systems, Inc. and its consolidated subsidiaries.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
32.6%Gross margin2
-1.9%Operating margin2
-3.7%Net margin2
8.3%Revenue growth, 20262
-19.0%Return on equity2
0.34×Debt to equity2
-$1.2MFree cash flow2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Product brought in 66% of the revenue ORION ENERGY SYSTEMS, INC. broke down this way in fiscal 2026.
Products and services by year
| Products and services | 2024 | 2025 | 2026 |
|---|---|---|---|
| Product | $63.3M | $54.4M | $57.0M |
| Service | $27.3M | $25.4M | $29.3M |
Business segments
Lighting brought in 64% of the revenue ORION ENERGY SYSTEMS, INC. broke down this way in fiscal 2026.
Business segments by year
| Business segments | 2024 | 2025 | 2026 |
|---|---|---|---|
| Lighting | $61.1M | $47.7M | $55.9M |
| Maintenance Services | $17.1M | $15.2M | $16.0M |
| Electric Vehicle Charging Systems | $12.3M | $16.8M | $14.4M |
| Outside The United States in Germany | $6.4M | $1.8M | $1.5M |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue67¢$58.2M
- Research and development1¢$945.0K
- Other costs31¢$27.1M
- Income tax0¢$60.0K
Out of $86.3M in revenue.2 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Revenues | $86.3M | $79.7M | $90.6M |
| Cost of revenue | $58.2M | $59.5M | $69.7M |
| Gross profit | $28.1M | $20.2M | $20.9M |
| General and administrative | $18.7M | $18.0M | $16.7M |
| Impairment on intangibles | $0 | $0 | $456.0K |
| Acquisition related costs | $0 | $0 | $56.0K |
| Sales and marketing | $10.1M | $11.6M | $13.0M |
| Research and development | $945.0K | $1.2M | $1.5M |
| Total operating expenses | $29.7M | $30.8M | $31.7M |
| Loss from operations | -$1.6M | -$10.6M | -$10.8M |
| Other income | $51.0K | $62.0K | $39.0K |
| Interest expense | -$783.0K | -$1.0M | -$752.0K |
| Amortization of debt issue costs | -$170.0K | -$206.0K | -$95.0K |
| Loss on debt extinguishment | -$562.0K | $0 | $0 |
| Interest income | $3.0K | $7.0K | $2.0K |
| Total other expense | -$1.5M | -$1.2M | -$806.0K |
| Loss before income tax | -$3.1M | -$11.8M | -$11.6M |
| Income tax expense | $60.0K | $42.0K | $41.0K |
| Net Income (Loss) | -$3.2M | -$11.8M | -$11.7M |
| Basic net loss per share attributable to common shareholders | -$0.89 | -$3.59 | -$3.59 |
| Weighted-average common shares outstanding | 3.6M shares | 3.3M shares | 3.2M shares |
| Diluted net loss per share | -$0.89 | -$3.59 | -$3.59 |
| Weighted-average common shares and share equivalents outstanding | 3.6M shares | 3.3M shares | 3.2M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $3.3M | $6.0M | ||
| Accounts receivable, net | $16.3M | $12.8M | $14.0M | |
| Revenue earned but not billed | $6.4M | $3.4M | ||
| Inventories | $10.3M | $11.4M | ||
| Prepaid expenses and other current assets | $1.4M | $1.9M | ||
| Total current assets | $37.7M | $35.5M | ||
| Property and equipment, net | $6.1M | $8.0M | ||
| Goodwill | $1.5M | $1.5M | ||
| Other intangible assets, net | $2.6M | $3.4M | ||
| Other long-term assets, net | $3.7M | $4.1M | ||
| Total assets | $51.6M | $52.5M | ||
| Accounts payable | $15.5M | $13.3M | ||
| Accrued expenses and other | $10.7M | $12.7M | ||
| Deferred revenue, current | $155.0K | $491.0K | ||
| Current maturities of long-term debt | $353.0K | $353.0K | ||
| Total current liabilities | $26.7M | $26.8M | ||
| Revolving credit facility | $3.0M | $7.0M | ||
| Long-term debt, less current maturities | $2.6M | $3.0M | ||
| Deferred revenue, long-term | $0 | $337.0K | ||
| Other long-term liabilities | $2.7M | $3.4M | ||
| Total liabilities | $35.0M | $40.6M | ||
| Preferred stock, $0.01 par value: Shares authorized: 30,000,000 shares at March 31, 2026 and 2025; no shares issued and outstanding at March 31, 2026 and 2025 | $0 | $0 | ||
| Common stock, no par value: Shares authorized: 200,000,000 at March 31, 2026 and 2025; shares issued: 4,819,013 and 4,247,023 at March 31, 2026 and 2025; shares outstanding:4,056,528 and 3,298,389 at March 31, 2026 and 2025 | $0 | $0 | ||
| Additional paid-in capital | $169.6M | $163.0M | ||
| Treasury stock: 762,485 and 948,634 common shares at March 31, 2026 and 2025 | -$35.0M | -$36.2M | ||
| Retained deficit | -$118.1M | -$114.9M | ||
| Total shareholders equity | $16.6M | $11.9M | $22.5M | $33.2M |
| Total liabilities and shareholders equity | $51.6M | $52.5M | ||
| Preferred stock, par value (USD per share) | $0.01 | $0.01 | ||
| Preferred stock, shares authorized (in shares) | 30.0M shares | 30.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | |||
| Common stock, par value (USD per share) | $0 | $0 | ||
| Common stock, shares authorized (in shares) | 20.0M shares | 20.0M shares | ||
| Common stock, shares issued (in shares) | 4.8M shares | 4.2M shares | ||
| Common stock, shares outstanding (in shares) | 4.1M shares | 3.3M shares | ||
| Treasury stock (in shares) | 762.5K shares | 948.6K shares |
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $3.3M | $6.0M | ||
| Accounts receivable, net | $16.3M | $12.8M | $14.0M | |
| Revenue earned but not billed | $6.4M | $3.4M | ||
| Inventories | $10.3M | $11.4M | ||
| Prepaid expenses and other current assets | $1.4M | $1.9M | ||
| Total current assets | $37.7M | $35.5M | ||
| Property and equipment, net | $6.1M | $8.0M | ||
| Goodwill | $1.5M | $1.5M | ||
| Other intangible assets, net | $2.6M | $3.4M | ||
| Other long-term assets, net | $3.7M | $4.1M | ||
| Total assets | $51.6M | $52.5M | ||
| Accounts payable | $15.5M | $13.3M | ||
| Accrued expenses and other | $10.7M | $12.7M | ||
| Deferred revenue, current | $155.0K | $491.0K | ||
| Current maturities of long-term debt | $353.0K | $353.0K | ||
| Total current liabilities | $26.7M | $26.8M | ||
| Revolving credit facility | $3.0M | $7.0M | ||
| Long-term debt, less current maturities | $2.6M | $3.0M | ||
| Deferred revenue, long-term | $0 | $337.0K | ||
| Other long-term liabilities | $2.7M | $3.4M | ||
| Total liabilities | $35.0M | $40.6M | ||
| Preferred stock, $0.01 par value: Shares authorized: 30,000,000 shares at March 31, 2026 and 2025; no shares issued and outstanding at March 31, 2026 and 2025 | $0 | $0 | ||
| Common stock, no par value: Shares authorized: 200,000,000 at March 31, 2026 and 2025; shares issued: 4,819,013 and 4,247,023 at March 31, 2026 and 2025; shares outstanding:4,056,528 and 3,298,389 at March 31, 2026 and 2025 | $0 | $0 | ||
| Additional paid-in capital | $169.6M | $163.0M | ||
| Treasury stock: 762,485 and 948,634 common shares at March 31, 2026 and 2025 | -$35.0M | -$36.2M | ||
| Retained deficit | -$118.1M | -$114.9M | ||
| Total shareholders equity | $16.6M | $11.9M | $22.5M | $33.2M |
| Total liabilities and shareholders equity | $51.6M | $52.5M | ||
| Preferred stock, par value (USD per share) | $0.01 | $0.01 | ||
| Preferred stock, shares authorized (in shares) | 30.0M shares | 30.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | |||
| Common stock, par value (USD per share) | $0 | $0 | ||
| Common stock, shares authorized (in shares) | 20.0M shares | 20.0M shares | ||
| Common stock, shares issued (in shares) | 4.8M shares | 4.2M shares | ||
| Common stock, shares outstanding (in shares) | 4.1M shares | 3.3M shares | ||
| Treasury stock (in shares) | 762.5K shares | 948.6K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Net loss | -$3.2M | -$11.8M | -$11.7M |
| Depreciation and amortization | $1.8M | $2.6M | $2.6M |
| Stock-based compensation | $483.0K | $1.2M | $950.0K |
| Loss on debt extinguishment | $562.0K | $0 | $0 |
| Deferred taxes and impairment of property and equipment | $5.0K | $27.0K | $64.0K |
| Loss on asset disposals | $1.1M | $91.0K | $84.0K |
| Provision for inventory reserves | $461.0K | $552.0K | $562.0K |
| Provision for credit losses | $12.0K | $378.0K | $170.0K |
| Other | -$6.0K | $197.0K | $468.0K |
| Accounts receivable | -$3.5M | $800.0K | -$464.0K |
| Revenue earned but not billed | -$3.1M | $1.2M | -$3.2M |
| Inventories | $627.0K | $6.1M | -$603.0K |
| Prepaid expenses and other assets | $802.0K | $2.3M | -$1.4M |
| Accounts payable | $2.2M | -$5.1M | $5.0M |
| Accrued expenses and other liabilities | $1.3M | $1.9M | -$2.3M |
| Deferred revenue, current and long-term | -$673.0K | $155.0K | -$295.0K |
| Net cash provided by (used in) operating activities | -$1.1M | $599.0K | -$10.1M |
| Purchase of property and equipment | -$83.0K | -$99.0K | -$837.0K |
| Additions to patents and licenses | -$3.0K | -$6.0K | $0 |
| Proceeds from sales of property, plant and equipment | $0 | $233.0K | $106.0K |
| Net cash provided by (used in) investing activities | -$86.0K | $128.0K | -$731.0K |
| Payment of long-term debt | -$3.4M | -$206.0K | -$15.0K |
| Proceeds from revolving credit facility | $4.2M | $500.0K | $0 |
| Payments of revolving credit facility | -$8.2M | -$3.5M | $0 |
| Proceeds from long-term debt | $0 | $3.5M | $0 |
| Unamortized debt issuance cost write-off | -$180.0K | $0 | $0 |
| Issuance of treasury stock | $300.0K | $0 | $0 |
| Proceeds from public stock offering, net of issuance costs | $6.1M | $0 | $0 |
| Payments to settle employee tax withholdings on stock-based compensation | -$11.0K | $0 | -$2.0K |
| Debt issue costs | -$383.0K | -$216.0K | $0 |
| Proceeds from employee equity exercises | -$3.0K | -$13.0K | $3.0K |
| Net cash provided by (used in) financing activities | -$1.5M | $90.0K | -$14.0K |
| Net increase (decrease) in cash and cash equivalents | -$2.7M | $817.0K | -$10.8M |
| Cash paid for interest | -$758.0K | -$962.0K | -$691.0K |
| Cash paid for income taxes | -$36.0K | -$26.0K | -$59.0K |
| Operating lease assets obtained in exchange for new operating lease liabilities | $0 | $2.7M | $0 |
| Issuance of common stock to Final Frontier, LLC as partial payment of earnout obligation | $1.0M | $0 | $0 |
No quarter-by-quarter statement was filed.
Corporate structure
ORION ENERGY SYSTEMS, INC. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of ORION ENERGY SYSTEMS, INC.
- North Star Investment Management Corp. Filed SCHEDULE 13G/A on ORION ENERGY SYSTEMS, INC., latest Jul 2, 2026 (7 filings since Jan 7, 2022)
- Tieton Capital Management, LLC Filed SCHEDULE 13G/A on ORION ENERGY SYSTEMS, INC., latest May 13, 2026 (4 filings since Jan 25, 2023)
- GRACE & WHITE INC /NY Filed SCHEDULE 13G/A on ORION ENERGY SYSTEMS, INC., latest Jan 27, 2026 (4 filings since Dec 7, 2023)
- Kathleen Marie Connors Filed SCHEDULE 13G on ORION ENERGY SYSTEMS, INC., latest Aug 15, 2025
- Acuitas Investments, LLC Filed SCHEDULE 13G/A on ORION ENERGY SYSTEMS, INC., latest May 2, 2025 (2 filings since Feb 3, 2025)
- Philotimo Fund, LP Filed SC 13D/A on ORION ENERGY SYSTEMS, INC., latest Oct 30, 2023 (4 filings since Sep 30, 2022)
- RENAISSANCE TECHNOLOGIES LLC Filed SC 13G/A on ORION ENERGY SYSTEMS, INC., latest Feb 13, 2023 (2 filings since Feb 11, 2022)
- BNP Paribas Asset Management UK Ltd Filed SC 13G/A on ORION ENERGY SYSTEMS, INC., latest Jan 4, 2022 (2 filings since Oct 5, 2021)
- ORION ENERGY SYSTEMS, INC. Manitowoc, Wisconsin
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What ORION ENERGY SYSTEMS, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $24.7M2 Mar 31, 2026 | $34.8M2 Mar 31, 2025 | −29.1% |
| Accumulated depreciation | $18.6M2 Mar 31, 2026 | $26.8M2 Mar 31, 2025 | −30.7% |
| Property and equipment, net | $6.1M2 Mar 31, 2026 | $8.0M2 Mar 31, 2025 | −23.8% |
| Operating-lease assets (leased space) | $2.7M2 Mar 31, 2026 | $3.5M2 Mar 31, 2025 | −22.7% |
Investments
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $1.5M2 Mar 31, 2026 | $1.5M2 Mar 31, 2025 | 0% |
| Intangible assets, net (excluding goodwill) | $2.6M2 Mar 31, 2026 | $3.4M2 Mar 31, 2025 | −21.7% |
| Indefinite-lived intangibles (excluding goodwill) | $990.0K2 Mar 31, 2026 | $990.0K2 Mar 31, 2025 | 0% |
| Finite-lived intangibles, gross | $10.7M2 Mar 31, 2026 | $10.8M2 Mar 31, 2025 | −0.3% |
| Accumulated amortization | $9.1M2 Mar 31, 2026 | $8.4M2 Mar 31, 2025 | +8.4% |
| Finite-lived intangibles, net | $1.7M2 Mar 31, 2026 | $2.4M2 Mar 31, 2025 | −30.7% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $10.3M2 Mar 31, 2026 | $11.4M2 Mar 31, 2025 | −9.6% |
| Work in process | $150.0K2 Mar 31, 2026 | $286.0K2 Mar 31, 2025 | −47.6% |
| Finished goods | $7.6M2 Mar 31, 2026 | $6.4M2 Mar 31, 2025 | +18.4% |
Properties, in its own words
We lease our approximately 266,000 square foot manufacturing and distribution facility located in Manitowoc, Wisconsin, the term of which lease expires on January 31, 2030.
We own our approximately 70,000 square foot technology center and corporate headquarters adjacent to our leased Manitowoc manufacturing and distribution facility. We also lease approximately 10,500 square feet of office space in Jacksonville, Florida and 5,375 square feet in Lawrence, Massachusetts.
The rest of Item 2
The Manitowoc and Jacksonville facilities noted above are utilized by all our business segments and the Lawrence facility by our EV segment.
Item 2 of the 10-K filed Jun 4, 2026.4
Leadership
Who has led ORION ENERGY SYSTEMS, INC., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerSally A. Washlow Jul 1, 2025 to now14
- Chief executive officerMichael H. Jenkins Nov 14, 2022 to Jul 1, 202515
- Chief executive officerMichael W. Altschaefl Jun 15, 2017 to Sep 16, 202216
- Chief executive officerJohn H. Scribante Oct 1, 2012 to Jun 10, 201617
- Chief executive officerNeal R. Verfuerth Dec 18, 2007 to Jul 11, 201218
- ChairMichael W. Altschaefl Nov 29, 2021 to Sep 16, 202219
- PresidentScott A. Green Nov 19, 2021 to now20
- PresidentDaniel J. Waibel May 25, 2011 to May 25, 201121
- PresidentJames R. Kackley Aug 5, 2009 to Aug 20, 201322
- PresidentJohn H. Scribante Sep 2, 2009 to Jun 20, 201223
- PresidentNeal R. Verfuerth Dec 18, 2007 to Jun 4, 200918
- Chief financial officerJ. Per Brodin Oct 4, 2022 to now24
- Chief financial officerWilliam T. Hull Oct 7, 2015 to Jun 11, 202025
- Chief financial officerScott R. Jensen Jul 21, 2008 to May 27, 201526
- Chief financial officerDaniel J. Waibel Dec 18, 2007 to Dec 18, 200727
- Chief operating officerMichael H. Jenkins Nov 15, 2021 to Jun 13, 202228
- Chief operating officerScott A. Green Jun 15, 2017 to Nov 15, 202129
- Chief operating officerJames R. Kackley Aug 5, 2009 to Aug 20, 201322
- Chief operating officerErik G. Birkerts Aug 12, 2008 to May 21, 200930
Board members and other officers (35)
- Executive Vice PresidentJ. Per Brodin Oct 21, 2020 to Jun 13, 202231
- Executive Vice PresidentScott A. Green Aug 9, 2016 to Mar 25, 202032
- Executive Vice PresidentMarc Meade Jan 3, 2014 to Aug 12, 201933
- VP, Gen. Counsel & SecretaryPaul J. Kardish Jun 20, 2012 to Jun 20, 201234
- Executive Vice PresidentRichard Gaumer Feb 8, 2011 to Jun 6, 201135
- Chief Accounting OfficerScott R. Jensen May 25, 2011 to May 25, 201136
- Senior VP - Human ResourcesStuart L. Ralsky Sep 17, 2009 to May 25, 201137
- Pres. Asset Management Div.Daniel J. Waibel Aug 12, 2008 to May 20, 201038
- VP of Strategic InitiativesErik G. Birkerts Dec 18, 2007 to Dec 18, 200739
- VP, Gen Counsel and SecretaryEstorff Eric Von Dec 18, 2007 to Mar 18, 201040
- Sr. VP of Business DevelopmentJohn H. Scribante Dec 18, 2007 to May 28, 200941
- VP of OperationsPatricia A. Verfuerth Dec 18, 2007 to Mar 8, 201042
- VP of Technical ServicesRichard J. Olsen Dec 18, 2007 to Dec 27, 200743
- Board memberCharles R. McDulin Jan 12, 2023 to Jan 12, 202344
- Board memberRichard A. Shapiro Mar 9, 2023 to now45
- Board memberHeather L. Wishart-Smith Aug 15, 2023 to now46
- Board memberSally A. Washlow Aug 5, 2022 to now47
- Board memberMichael H. Jenkins Nov 22, 2022 to now48
- Board memberKenneth M. Young Feb 14, 2018 to Jun 11, 202049
- Board memberEllen B. Richstone Feb 22, 2017 to now50
- Board memberAnthony L. Otten Aug 11, 2015 to now51
- Board memberJohn H. Scribante Oct 1, 2012 to Feb 22, 201717
- Board memberTryg C. Jacobson Jun 8, 2011 to Aug 9, 201652
- Board memberThomas N. Schueller May 7, 2010 to Aug 9, 201653
- Board memberElizabeth G. Rich Jul 6, 2010 to Jun 15, 201754
- Board memberMichael W. Altschaefl Nov 3, 2009 to May 26, 202355
- Board memberRoland G. Stephenson Sep 22, 2008 to Aug 12, 201056
- Board memberRussell M. Flaum Sep 22, 2008 to May 21, 200957
- Board memberDe Callejon Diana Propper Dec 18, 2007 to Jul 3, 200858
- Board memberEckhart G. Grohmann Dec 18, 2007 to Aug 12, 200859
- Board memberJames R. Kackley Dec 18, 2007 to Jun 15, 201760
- Board memberNeal R. Verfuerth Dec 18, 2007 to Jul 11, 201218
- Board memberPatrick J. Trotter Dec 18, 2007 to Dec 27, 200761
- Board memberThomas A. Quadracci Dec 18, 2007 to May 25, 201162
- General counselPaul J. Kardish Oct 27, 2011 to Jun 15, 201263
Timeline
- Sep 15, 20268-K Results of operations64
- Aug 7, 20268-K Executive or director change; Shareholder vote65
- Aug 5, 20268-K Results of operations66
- Jun 4, 20268-K Results of operations67
- May 19, 20268-K Results of operations68
- Apr 16, 20268-K Results of operations69
- Mar 20, 20268-K Entered a material agreement; Other events70
- Feb 5, 20268-K Results of operations71
- Feb 2, 20268-K Entered a material agreement; Regulation FD disclosure72
- Jan 20, 20268-K Results of operations73
- Nov 14, 20258-K Executive or director change74
- Nov 5, 20258-K Results of operations75
- Jul 1, 2025New chief executive Sally A. Washlow becomes CEO14
- Nov 14, 2022New chief executive Michael H. Jenkins becomes CEO15
- Jun 15, 2017New chief executive Michael W. Altschaefl becomes CEO16
- Oct 1, 2012New chief executive John H. Scribante becomes CEO17
- Dec 18, 2007New chief executive Neal R. Verfuerth becomes CEO18
Calendar
Coming up
- Nov 4, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.17) a share, on Nov 5, 2025.76
When it reported results
- Sep 15, 2026Reported quarterly or annual results64
- Aug 5, 2026Reported quarterly or annual results66
- Jun 4, 2026Reported quarterly or annual results67
- May 19, 2026Reported quarterly or annual results68
- Apr 16, 2026Reported quarterly or annual results69
- Feb 5, 2026Reported quarterly or annual results71
- Jan 20, 2026Reported quarterly or annual results73
- Nov 5, 2025Reported quarterly or annual results75
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
224 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 59 major events, 87 insider forms, 26 large holders, 32 other. The latest 20:
- Sep 15, 20268-K EDGAR
- Aug 24, 20264 EDGAR
- Aug 12, 20264 EDGAR
- Aug 12, 20264 EDGAR
- Aug 12, 20264 EDGAR
- Aug 12, 20264 EDGAR
- Aug 12, 20264 EDGAR
- Aug 12, 20264 EDGAR
- Aug 12, 20264 EDGAR
- Aug 7, 2026S-8 EDGAR
- Aug 7, 20268-K EDGAR
- Aug 5, 202610-Q EDGAR
- Aug 5, 20268-K EDGAR
- Jul 2, 2026SCHEDULE 13G/A EDGAR
- Jun 25, 20264 EDGAR
- Jun 24, 2026DEFA14A EDGAR
- Jun 23, 2026ARS EDGAR
- Jun 23, 2026DEF 14A EDGAR
- Jun 4, 202610-K EDGAR
- Jun 4, 20268-K EDGAR
The 224 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
43 open-market trades by officers, directors and large owners since October 2021: 41 buys and 2 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 20, 2026 | Wishart-Smith Heather LDirector | Buy | 1,054 | $18.96 | $20.0K | Form 4 |
| Jun 24, 2026 | Washlow Sally A.Chief Executive Officer | Buy | 1,780 | $9.47 | $16.9K | Form 4 |
| Jun 23, 2026 | Washlow Sally A.Chief Executive Officer | Buy | 955 | $9.50 | $9.1K | Form 4 |
| Feb 27, 2026 | BRODIN J PEREVP, CFO, CAO & Treasurer | Buy | 500 | $11.07 | $5.5K | Form 4 |
| Nov 19, 2025 | Washlow Sally A.Chief Executive Officer | Buy | 21,166 | $14.17 | $299.9K | Form 4 |
| Feb 25, 2025 | JENKINS MICHAEL HChief Executive Officer | Buy | 5,682 | $0.88 | $5.0K | Form 4 |
| Feb 21, 2025 | RICHSTONE ELLEN BDirector | Buy | 20,000 | $0.91 | $18.2K | Form 4 |
| Feb 21, 2025 | Washlow Sally A.Chief Executive Officer | Buy | 2,000 | $0.92 | $1.8K | Form 4 |
| Feb 20, 2025 | RICHSTONE ELLEN BDirector | Buy | 874 | $0.88 | $769 | Form 4 |
| Feb 19, 2025 | RICHSTONE ELLEN BDirector | Buy | 13,000 | $0.84 | $10.9K | Form 4 |
| Feb 18, 2025 | Otten Anthony L.Director | Buy | 5,000 | $0.83 | $4.2K | Form 4 |
| Feb 18, 2025 | RICHSTONE ELLEN BDirector | Buy | 13,000 | $0.84 | $10.9K | Form 4 |
| Feb 14, 2025 | Wishart-Smith Heather LDirector | Buy | 7,000 | $0.80 | $5.6K | Form 4 |
| Feb 14, 2025 | RICHSTONE ELLEN BDirector | Buy | 10,000 | $0.82 | $8.2K | Form 4 |
| Nov 18, 2024 | Otten Anthony L.Director | Buy | 5,000 | $0.86 | $4.3K | Form 4 |
| Jun 28, 2024 | Washlow Sally A.Chief Executive Officer | Buy | 1,080 | $1.24 | $1.3K | Form 4 |
| Jun 27, 2024 | Washlow Sally A.Chief Executive Officer | Buy | 1,200 | $1.22 | $1.5K | Form 4 |
| Jun 24, 2024 | Washlow Sally A.Chief Executive Officer | Buy | 1,550 | $1.42 | $2.2K | Form 4 |
| Jun 14, 2024 | RICHSTONE ELLEN BDirector | Buy | 20,000 | $1.15 | $23.0K | Form 4 |
| Jun 12, 2024 | Wishart-Smith Heather LDirector | Buy | 9,025 | $1.11 | $10.0K | Form 4 |
All 43 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- North Star Investment Management Corp.SCHEDULE 13G/A, 7 filings Jan 7, 2022 to Jul 2, 202677
- Tieton Capital Management, LLCSCHEDULE 13G/A, 4 filings Jan 25, 2023 to May 13, 202678
- GRACE & WHITE INC /NYSCHEDULE 13G/A, 4 filings Dec 7, 2023 to Jan 27, 202679
- Kathleen Marie ConnorsSCHEDULE 13G, 1 filing Aug 15, 202580
- Acuitas Investments, LLCSCHEDULE 13G/A, 2 filings Feb 3, 2025 to May 2, 202581
- Philotimo Fund, LPSC 13D/A, 4 filings Sep 30, 2022 to Oct 30, 202382
- RENAISSANCE TECHNOLOGIES LLCSC 13G/A, 2 filings Feb 11, 2022 to Feb 13, 202383
- BNP Paribas Asset Management UK LtdSC 13G/A, 2 filings Oct 5, 2021 to Jan 4, 202284
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2026 | Sally A. Washlow | 55 | $381.7K | $1.8M85 |
| 2026 | Scott A. Green | 68 | $361.0K | $908.0K85 |
| 2026 | J. Per Brodin | 64 | $361.0K | $906.5K85 |
| 2026 | Michael H. Jenkins | $33.0K | $412.7K85 | |
| 2025 | Former ChiefExecutive Officer | $375.6K | $814.6K85 | |
| 2025 | President and Chief Operating Officer | $375.6K | $814.6K85 | |
| 2025 | Chief Financial OfficerExecutive Vice President, Chief Accounting Officer and Treasurer | $375.6K | $803.7K85 | |
| 2024 | Former ChiefExecutive Officer | $372.7K | $842.9K85 | |
| 2024 | President and Chief Operating Officer | $372.7K | $842.9K85 | |
| 2024 | Chief Financial OfficerExecutive Vice President, Chief Accounting Officer and Treasurer | $372.7K | $830.0K85 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 34. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How ORION ENERGY SYSTEMS, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARORION ENERGY SYSTEMS, INC.1
- CIK0001409375
- Employer ID (EIN)39-18472694
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inWisconsin4
- Fiscal year endsMarch 311
- Industry code (SIC)3640 Electric Lighting & Wiring Equipment1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address2210 Woodland Drive, Manitowoc, WI 542201
- Phone800-660-93401
- Shares outstanding4,089,286 as of Feb 4, 202612
- Public float$734.2K as of Sep 30, 20254
- AuditorBDO USA, P.C., Milwaukee, WI PCAOB ID 243; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceAug 20, 20071
- Filings1,027 in all: 4 (467), 8-K (210), 10-Q (56), SC 13G/A (42), 3 (40), 10-K (19), DEF 14A (19), SC 13G (16)1
All 39 form types
UPLOAD (15), DEFA14A (13), SD (13), 4/A (12), CORRESP (11), 10-Q/A (9), ARS (9), SCHEDULE 13G/A (9), S-8 (8), EFFECT (6), SC 13D/A (6), 3/A (5), 424B5 (5), S-1/A (5), S-3 (5), 8-A12B (4), 10-K/A (3), 8-K/A (3), 25 (2), CERTNAS (2), SC 13D (2), SCHEDULE 13G (2), 424B4 (1), 5 (1), 8-A12B/A (1), CERTNYS (1), DEFR14A (1), NT 10-K (1), NT 10-Q (1), PRE 14A (1), S-1 (1)
- Latest filingsAnnual report (10-K) Jun 4, 2026
Quarterly report (10-Q) Aug 5, 2026
Proxy statement (DEF 14A) Jun 23, 2026
Latest 8-K (8-K) Sep 15, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common stock, no par value | OESX | Nasdaq |
From the cover page of the 10-K filed Jun 4, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks ORION ENERGY SYSTEMS, INC. names in Item 1A of its 10-K filed Jun 4, 2026: 35 risks under these headings, as written.4
- Risks Related to Our Business
- Financial Risks
- Our ability to achieve our budgeted fiscal 2027 revenue expectations, and related public fiscal 2027 revenue guidance, will have a significant impact on our cash flow and stock price and ability to fund our operations and satisfy our debt obligations.
- Any economic and political uncertainty caused by tariffs posed by the United States on other countries, and any corresponding tariffs from such other countries in response, may negatively impact demand and/or increase the cost for our products and components used in our products and reduce our gross margins.
- Over the past several years we have incurred substantial net losses and negative cash flow. If these trends continue, our liquidity and financial condition will be further materially adversely affected.
- We have a significant amount of goodwill and intangible assets on our balance sheet and our results of operations may be adversely affected if we are required to recognize an impairment charge against our goodwill and intangible assets.
- We are subject to financial and operating covenants in our credit agreement, and any failure to comply with such covenants, or obtain waivers in the event of non-compliance, could limit our borrowing availability or result in a default under our credit agreement, materially adversely impacting our liquidity.
- Our net operating loss carry-forwards provide a future benefit only if we regain sustained profitability and may be subject to limitation based upon ownership changes.
- Risks Related to Our Common Stock
- Our shareholders may experience substantial dilution in the value of their investment or may otherwise have their interests impaired to the extent we issue additional shares of our common stock.
- If securities or industry analysts do not continue to publish research or publish inaccurate or unfavorable research about our business, our stock price and trading volume could decline.
- We are not currently paying dividends on our common stock and will likely continue not paying dividends for the foreseeable future.
The other 26 risks
- Anti-takeover provisions included in the Wisconsin Business Corporation Law, provisions in our Amended and Restated Articles of Incorporation or Bylaws could delay or prevent a change of control of our company, which could adversely impact the value of our common stock and may prevent or frustrate attempts by our shareholders to replace or remove our current Board or management.
- The market price of our common stock could be adversely affected by future sales of our common stock in the public market by us or our executive officers and directors.
- The price of our common stock has been, and may continue to be, volatile.
- Operational Risks
- Our products use components and raw materials that may be subject to price fluctuations, shortages or interruptions of supply, including semiconductor chips. If we are unable to maintain supply sources of our components and raw materials or if our sources fail to satisfy our supply requirements, we may lose sales and experience increased component costs.
- Our inability to successfully manage the implementation of a new Enterprise Resource Planning (“ERP”) system may adversely affect our business, results of operations and cash flows and may adversely impact the effectiveness of our internal controls over financial reporting.
- The success of our EV segment ultimately depends on consumers’ willingness to adopt electric vehicles in an unstable and changing market.
- The reduction or elimination of incentives from the United States government for investments in EV charging infrastructure may reduce demand for public EV charging products, in addition to reducing overall demand for EVs.
- Our ability to achieve our desired revenue and profitability goals depends on our ability to effectively and timely execute on our key strategic initiatives.
- If our information technology systems security measures are breached or fail, our products may be perceived as not being secure, customers may curtail or stop buying our products, we may incur significant legal and financial exposure, and our results of operations, financial condition and cash flows could be materially adversely affected.
- We increasingly rely on third-party manufacturers for the manufacture and development of our products and product components.
- Legal, Regulatory and Compliance Risks
- Government tariffs and other actions have adversely affected, and may continue to adversely affect, our business.
- Changes in government budget priorities, including the rollback of EV initiatives, political gridlock, and future potential government shutdown, have negatively impacted, and may in the future continue to negatively impact, our results of operations, financial condition and cash flows.
- The reduction or elimination of investments in, or incentives to adopt, LED lighting or the elimination of, or changes in, policies, incentives or rebates in certain states or countries that encourage the use of LEDs over some traditional lighting technologies could cause the growth in demand for our products to slow, which could have a material adverse effect on our results of operations, financial condition and cash flows.
- Strategic Risks
- We are experiencing ongoing increasing pressures to reduce the average selling price of our products and related negative impact on our gross margins driven largely by the ongoing increase in competition from foreign competitors.
- If we are unable to attract, incentivize and retain our third-party distributors, or our distributors do not sell our products and services at the levels expected, our revenues could decline and our costs could increase.
- The success of our LED lighting retrofit solutions depends, in part, on our ability to claim market share away from our competitors. If we are unable to expand our customer base and increase sales in our targeted markets, our results of operations, financial condition and cash flows will likely be materially adversely affected.
- General Risk Factors
- Adverse conditions in the global economy, including due to changes in diplomatic and trade relationships, have negatively impacted, and could in the future negatively impact, our customers, suppliers and business.
- Our inability to attract and retain key employees, our reseller network members or manufacturer representative agencies could adversely affect our operations and our ability to execute on our operating plan and growth strategy.
- The success of our business depends upon market acceptance of our energy management products and services.
- Macroeconomic pressures in the markets in which we operate or anticipate operating in the future may adversely affect our financial results.
- We operate in a highly competitive industry and, if we are unable to compete successfully, our results of operations, financial condition and cash flows will likely be materially adversely affected.
- If we fail to establish and maintain effective internal controls over financial reporting, our business and financial results could be harmed.
- Our retrofitting process frequently involves responsibility for the removal and disposal of components containing hazardous materials.
- Product liability claims could adversely affect our business, results of operations and financial condition.
- Our inability to protect our intellectual property, or our involvement in damaging and disruptive intellectual property litigation, could adversely affect our results of operations, financial condition and cash flows or result in the loss of use of the related product or service.
- The cost of compliance with environmental laws and regulations and any related environmental liabilities could adversely affect our results of operations, financial condition and cash flows.
Legal proceedings
We are subject to various claims and legal proceedings arising in the ordinary course of business. As of the date of this report, we do not believe that the final resolution of any of such claims or legal proceedings would have a material adverse effect on our future results of operations.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19SEC EDGARMichael W. Altschaefl, Chair
- 20SEC EDGARScott A. Green, President
- 21SEC EDGARDaniel J. Waibel, President
- 22SEC EDGARJames R. Kackley, President
- 23SEC EDGARJohn H. Scribante, President
- 24
- 25
- 26
- 27
- 28
- 29
- 30
- 31
- 32
- 33SEC EDGARMarc Meade, Executive Vice President
- 34
- 35
- 36
- 37
- 38
- 39
- 40
- 41
- 42
- 43
- 44SEC EDGARCharles R. McDulin, Board member
- 45SEC EDGARRichard A. Shapiro, Board member
- 46
- 47SEC EDGARSally A. Washlow, Board member
- 48SEC EDGARMichael H. Jenkins, Board member
- 49SEC EDGARKenneth M. Young, Board member
- 50SEC EDGAREllen B. Richstone, Board member
- 51SEC EDGARAnthony L. Otten, Board member
- 52SEC EDGARTryg C. Jacobson, Board member
- 53SEC EDGARThomas N. Schueller, Board member
- 54SEC EDGARElizabeth G. Rich, Board member
- 55SEC EDGARMichael W. Altschaefl, Board member
- 56SEC EDGARRoland G. Stephenson, Board member
- 57SEC EDGARRussell M. Flaum, Board member
- 58
- 59SEC EDGAREckhart G. Grohmann, Board member
- 60SEC EDGARJames R. Kackley, Board member
- 61SEC EDGARPatrick J. Trotter, Board member
- 62SEC EDGARThomas A. Quadracci, Board member
- 63SEC EDGARPaul J. Kardish, General counsel
- 64SEC EDGARResults of operations
- 65
- 66SEC EDGARResults of operations
- 67SEC EDGARResults of operations
- 68SEC EDGARResults of operations
- 69SEC EDGARResults of operations
- 70
- 71SEC EDGARResults of operations
- 72
- 73SEC EDGARResults of operations
- 74SEC EDGARExecutive or director change
- 75SEC EDGARResults of operations
- 76NasdaqNasdaq calendar
- 77
- 78
- 79
- 80
- 81
- 82
- 83
- 84
- 85