Earlier in the week Orion Energy Systems (OESX) launched new hybrid LED/high intensity fluorescent lighting at the ProMat 2011 show in Chicago. The new technology combines the best of LED with the best of HIF providing high levels of illumination at the lowest possible cost in areas where the lights are high above the floor. Adding to the great efficiency is the InteLite Dynamic Control device which automatically adjusts light output based on the duration … Read the rest
Tag Archives: oesx
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.
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The company … Read the rest
Orion Energy (OESX) Back In The Black
Orion Energy Systems (OESX), an efficient lighting solutions play, got back in the black after the bell today posting a non GAAP EPS gain of .03/share which beat the consensus estimate of a 1 cent share loss. Revenues came in a bit shy of analyst estimates at $13.7 million, but the company indicated it received an influx of orders right at the end of the quarter which were not able to be produced and shipped … Read the rest
Ratings Roundup: OESX, POWR, STRI, ITRI
Merriman Capital initiated coverage on both Orion Energy (OESX) and Powersecure (POWR) with Buy ratings. OESX which is an efficient lighting/LED play has had a huge run off the bottom in recent weeks, but a bit overdone in the short term. It’s an LED play to keep on the radar.
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STR Holdings (STRI) was initiated with a Buy and $33 price target at Craig … Read the rest
Orion Energy Systems (OESX) Reports Mixed Results, Reaffirms Guidance
Orion Energy Systems (OESX) reported results after the bell today that were mixed. While they beat analyst estimates on the revenue side posting $18.8 million vs the estimate of $17.58 million, the EPS loss of .05 was greater than the estimate of a .04 loss. Sequentially, revenues were about inline with what they posted last quarter, but the EPS loss was greater than the .01 EPS loss of last quarter. Quarter over quarter, revenues jumped … Read the rest
Orion Energy Systems (OESX) Issued Two New Efficient Lighting Patents
Orion Energy Systems (OESX) announced that on June 1 it was issued two new patents for its efficient exterior lighting technology, which reduces energy consumption by up to 50% when compared to current lighting found in 96% of parking lots (according to a study done for the DOE). It should be noted that this is not LED technology. Orion’s systems improve upon traditional fluorescent lighting and incorporate intelligent wireless control systems as well as solar … Read the rest
Orion Energy (OESX) Swings To Profit, But Misses Street & Guides Lower
Orion Energy Systems (OESX) swung to a quarterly profit vs the .05/share loss they reported in the year ago quarter, but missed the Street estimates on both EPS and revenues. They reported a non GAAP EPS of .01, missing by a penny on revenues of $18.88 which was shy of estimates by about $1.5 million.
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The guidance isn’t impressive either. The company expects EPS for … Read the rest