Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $70.2M | $60.3M | $65.8M | $151M | $117M | $124M | $77.4M | $90.6M | $79.7M | $86.3M |
| Revenue growth | — | -14.1% | 9.0% | 129.4% | -22.5% | 6.5% | -37.8% | 17.1% | -12.0% | 8.3% |
| Gross profit | $17.3M | $14.7M | $14.6M | $37.1M | $30.1M | $33.9M | $17.5M | $20.9M | $20.2M | $28.1M |
| Gross margin | 24.7% | 24.3% | 22.1% | 24.6% | 25.8% | 27.3% | 22.6% | 23.1% | 25.4% | 32.6% |
| Operating income | -$12.5M | -$13.0M | -$6.16M | $13.1M | $6.84M | $8.39M | -$16.0M | -$10.8M | -$10.6M | -$1.64M |
| Operating margin | -17.8% | -21.5% | -9.4% | 8.7% | 5.9% | 6.7% | -20.7% | -11.9% | -13.3% | -1.9% |
| Net income | -$12.3M | -$13.1M | -$6.67M | $12.5M | $26.1M | $6.09M | -$34.3M | -$11.7M | -$11.8M | -$3.16M |
| Net margin | -17.5% | -21.8% | -10.1% | 8.3% | 22.4% | 4.9% | -44.4% | -12.9% | -14.8% | -3.7% |
| EPS (diluted) | -$0.44 | -$0.46 | -$0.23 | $0.40 | $0.83 | $0.19 | -$1.08 | -$3.59 | -$3.59 | -$0.89 |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.90M | -$4.42M | -$5.06M | $20.3M | $1.73M | -$113K | -$2.29M | -$10.1M | $599K | -$1.08M |
| Capital expenditures | $660K | $512K | $381K | $814K | $902K | $518K | $586K | $837K | $99.0K | $83.0K |
| Free cash flow | -$2.56M | -$4.93M | -$5.44M | $19.5M | $827K | -$631K | -$2.88M | -$10.9M | $500K | -$1.16M |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $17.3M | $9.42M | $8.73M | $28.8M | $19.4M | $14.5M | $16.0M | $5.16M | $5.97M | $3.27M |
| Total assets | $62.1M | $45.3M | $56.0M | $72.6M | $92.8M | $86.8M | $71.6M | $63.2M | $52.5M | $51.6M |
| Total liabilities | $26.6M | $21.9M | $38.1M | $41.5M | $34.7M | $21.7M | $38.3M | $40.6M | $40.6M | $35.0M |
| Long-term debt | $6.82M | $4.01M | $9.28M | $10.1M | $35.0K | $19.0K | $10.0M | $10.0M | $9.97M | $5.62M |
| Shareholders' equity | $35.5M | $23.4M | $18.0M | $31.0M | $58.1M | $65.1M | $33.2M | $22.5M | $11.9M | $16.6M |
| Retained earnings | -$82.4M | -$95.5M | -$102M | -$89.3M | -$63.2M | -$57.1M | -$91.4M | -$103M | -$115M | -$118M |
| Shares (wtd avg diluted) | 28.2M | 28.8M | 29.4M | 31.0M | 31.3M | 31.3M | 31.7M | 3.25M | 3.28M | 3.56M |
Every figure is extracted from ORION ENERGY SYSTEMS, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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