Orion Energy Systems, Inc. Revises Revenue Guidance for the Fiscal Year 2022
January 18, 2022 at 04:02 pm
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Orion Energy Systems, Inc. revised revenue guidance for the fiscal year 2022. The company now anticipates fiscal year 2022 revenue of approximately $130 million, as compared to its prior expectation of at least $150 million. The company's updated fiscal year 2022 revenue outlook represents growth of approximately 11% over fiscal year 2021 revenue of $116.8 million.
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.
ORION ENERGY SYSTEMS, INC. 
