ORION ENERGY SYSTEMS, INC. · Electric Lighting & Wiring Equipment

OESX

Moderate riskNext report: In 7 days (est.)

View price ↗

The short version

A company still losing money with growing sales.

Going well

Sales up 32% in the latest quarter vs a year ago

Watch out for

Losing money

Money moves

No insider buying or selling in the last 30 days
Institutions cut 8.1% from their holdings in the quarter ending June 2026 (20 bought, 10 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$19.52-2.1% that day

Company value: $80M; Share price times all shares
Price vs sales: 0.86x; No profit over the last year, so this compares value with sales instead
Cash vs value: 6%; Cash as a share of company value
Debt vs value: 12%; Debt as a share of company value

From OESX's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$25.7M+32% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $92.5M, up 16% from the 12 months before. Over 5 years, sales shrank about 5.9% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of OESX. Starting points are the company's recent numbers.

Sales growth+16% a yearRecently: +16% a yearProfit margin1%Last 12 months: 0.0%P/E at the end15xMany steady companies trade at 12x to 25xShare count change0% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$194M

Profit in 5 years$2M

Price these guesses point to$7.12-64% vs $19.52 todayAbout -18% a year, before dividends

What today's price needs: with a 1% margin and a 15x P/E, sales would have to grow about 42% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

0/6Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.-24.3%
MissDebt under half of equityNot relying on borrowed money.0.83x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-3.7%
MissProfitable every yearSteady profits, not one good year.3 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$1.2M
MissGross margin 40%+Pricing power: sells for well above what it costs to make.32.6%

Revenue: $86.3M; +8.3% vs prior year
5-year growth: -5.9%/yr; revenue, per year
Total debt: $9.8M; 0.83x equity
Current ratio: 1.35x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: share count not growing. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Sep 15

Revenue: $25.7M; +31.5% YoY
EPS: $0.47; vs -$0.37
Op. margin: 8.2%; +13.4 pts
Gross margin: 34.6%; +4.5 pts
Free cash flow: $1.3M
Share count: +25.0%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 1.1
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady-8.1%

Institutions cut 8.1% from their holdings. 20 bought, 10 sold.

Shares held by institutions1.8M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+8.1%

Cash runwayAt last year's cash burn

57 months

Debt to equityLatest balance sheet: debt compared with what owners have

0.3x · $6.5M debt

Shares outstandingLatest reported

Why moderate risk

Losing money
Share count growing 8.1% a year

Earnings reports

Last 12

Next reportIn 7 days (est.)Estimated from the same quarter last year

Results filedSep 15
Results filedAug 5
Results filedJun 4
Results filedMay 19
Results filedApr 16

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

New 5%+ holder (passive)Oct 19 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

New 5%+ holder (passive)Oct 19 · Form SCHEDULE 13G ↗Earnings resultsSep 15 · Form 8-K ↗

BoughtHeather L Wishart-smithDirector

1,054 shares at $18.96 · $20K

+10% of holdings
Now owns 11,405 shares
Filed 4 days after trade

Aug 20Form 4 ↗

Stock awardJ Per BrodinEVP, CFO, CAO & Treasurer

9,000 shares

+12% of holdings
Now owns 85,263 shares
Exercise price $19.75
Filed 1 day after trade

Aug 11Form 4 ↗

Stock awardScott A. GreenPresident and COO

9,000 shares

+7% of holdings
Now owns 129,678 shares
Exercise price $19.75
Filed 1 day after trade

Aug 11Form 4 ↗

Stock awardAnthony L. OttenDirector

2,532 shares

+11% of holdings
Now owns 25,973 shares
Filed 1 day after trade

Aug 11Form 4 ↗

Stock awardEllen B RichstoneDirector

2,532 shares

+8% of holdings
Now owns 35,897 shares
Filed 1 day after trade

Aug 11Form 4 ↗

Stock awardRichard A ShapiroDirector

2,532 shares

+38% of holdings
Now owns 9,219 shares
Filed 1 day after trade

Aug 11Form 4 ↗

Insider tradeAug 12 · Form 4 ↗Insider tradeAug 12 · Form 4 ↗Leadership changeAug 7 · Form 8-K ↗Employee stock plan registrationAug 7 · Form S-8 ↗Earnings resultsAug 5 · Form 8-K ↗Quarterly reportAug 5 · Form 10-Q ↗5%+ holder update (passive)Jul 2 · Form SCHEDULE 13G/A ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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