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

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. 

===> Click Here For Your FREE Orion Energy Analysis

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. 

Leave a Reply

Your email address will not be published. Required fields are marked *