Orion Energy (OESX) Reports Preliminary Results Ahead Of Obama Visit

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10:14:18 am on January 25, 2011

Orion Energy Systems (OESX) reported preliminary financial results yesterday and the results were quite good.  The company reported record revenues of $29.7 million and a GAAP EPS of .03/share.  While that’s a 54% increase in revenues that EPS number was a bit below the year ago quarter when the company reported .04/share.  The total backlog increased more than 50% over the year ago quarter. 

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The company will report official results on Feb 1st after the market close.  Obama visits company headquarters tomorrow which could give the stock a boost, but it’s already moving today up 12% on heavy volume. 

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