### Orion Energy Systems Reports Fiscal Q1 2025 Financial Results

### Orion Energy Systems Reports Fiscal Q1 2025 Financial Results **Manitowoc, Wisc., Aug. 7, 2024** – Orion Energy Systems, Inc. (NASDAQ:OESX), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations, and maintenance services solutions, has reported its financial results for the fiscal 2025 first quarter (Q1'25) ended June 30, 2024. #### Key Financial Metrics | Metric | Q1'25 | Q1'24 | Year-over-Year Change | |-------------------------|-----------|-----------|-----------------------| | Total Revenue | $19.9M | $17.6M | +13.0% | | Earnings Per Share (EPS)| ($0.12) | ($0.21) | Improved by $0.09 | | Gross Profit | $4.3M | $3.2M | +34.4% | | Gross Profit Margin | 21.6% | 18.0% | +360 bps | | Net Loss | ($3.8M) | ($6.6M) | Improved by $2.8M | *Orion Energy Systems saw notable financial improvement with a 13% increase in total revenue to $19.9M. The company reduced its net loss significantly, demonstrating higher operational efficiency and profitability.* #### Revenue Performance by Segment | Segment | Q1'25 Revenue | Change | |-------------------------|---------------|-----------| | EV Charging Solutions | $3.8M | +200% | | LED Lighting | $12.8M | +1% | | Maintenance Services | $3.3M | -11% | *The EV charging solutions segment displayed strong growth with a 200% increase, bolstered by the commencement of several large construction contracts. LED lighting showed modest growth, driven by significant projects in various sectors. Maintenance services declined as anticipated, following strategic repricing efforts.* #### Officer Comments Orion CEO Mike Jenkins stated, "Orion's overall business grew 13.0% in Q1'25, primarily reflecting expected strength in our Voltrek EV charging station solutions business. We anticipate continued momentum as public and private sector organizations implement EV charging programs." Jenkins reiterated confidence in Orion's diversified business platform and future growth prospects, particularly in LED lighting and maintenance services profitability. #### Forward Guidance Orion reiterated its fiscal 2025 consolidated revenue growth target of 10-15%, driven by expected large national LED lighting projects and ongoing strength in the EV charging solutions business. However, maintenance services revenue is forecasted to contract due to non-renewals from legacy contracts. #### Stock Price Movement Following the earnings release, Orion Energy Systems observed a share price decline of -6.6%. Overall, Orion Energy Systems demonstrated improved financial performance in Q1'25, with significant growth in its EV charging solutions segment and a positive outlook for the remainder of the fiscal year, despite specific challenges in the maintenance services area. --- This report has been organized to provide clear and concise information for investors.