OESX · Orion Energy Systems, Inc.

Orion Energy Systems’ April 15, 2026 press release—filed as Exhibit 99.1 to this 8-K—reiterates and extends forward-looking financial expectations, marking a material update to investor guidance. The Company confirmed its revised FY 2026 revenue range of $84–$86 million (up from a prior ~$84 million outlook) and affirmed its expectation of achieving positive adjusted EBITDA for the full fiscal year ended March 31, 2026. More significantly, Orion introduced its first formal FY 2027 guidance: $95–$97 million in revenue and continued positive adjusted EBITDA, commencing April 1, 2026. Management attributes this upward trajectory to three interlocking drivers: accelerating demand from large enterprise customers—including expansions with global automotive and retail leaders and public-sector EV charging deployments via Voltrek; successful execution of cost-structure improvements; and enhanced market positioning supported by a vertically integrated, proprietary supply chain. The $42–$45 million three-year maintenance renewal with a major national retailer exemplifies both customer retention and service monetization strength. CEO Sally Washlow’s first-year leadership is framed as catalytic, with strategic initiatives including geographic expansion into the Southeast and California, and new offerings in Energy Storage and Electrical Contracting broadening the company’s addressable market. Notably, Orion explicitly states it has delivered six straight quarters of positive adjusted EBITDA—a milestone underscoring operational discipline—and emphasizes that its guidance is non-GAAP, with no GAAP reconciliation provided due to the inherent difficulty in forecasting certain reconciling items. Investors should recognize this filing as a high-materiality confirmation of inflection toward sustained profitability, anchored in tangible commercial wins and structural improvements—not just macro tailwinds like U.S. manufacturing re-shoring or federal EV infrastructure funding.