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.