Orion Energy Systems Inc. Common Stock (OESX)

FairStock Score: 48/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

In the latest filed quarter, fiscal Q1 2027 ended 2026-06-30, Orion earned $2.0M on $25.7M of revenue, or $0.47 diluted EPS. That is a real improvement over fiscal Q1 2026 ended 2025-06-30, when it lost $1.2M, and fiscal Q2 2026 ended 2025-09-30, when it lost $581,000. But the annual record is poor: FY2026 ended 2026-03-31 lost $3.2M on $85.5M revenue; FY2025 ended 2025-03-31 lost $11.8M on $78.9M; FY2024 ended 2024-03-31 lost $11.7M on $90.5M. Revenue is not compounding, and profitability is unproven. Financial health is not compelling: FairStock calculates debt-to-equity of 0.51, an Altman Z-Score of -0.37, a Piotroski F-Score of 4/9, trailing free cash flow of $751,000, and a 0.7% FCF yield. Returns are weak, with ROE of 0.27% and ROCE of 1.81%. The business sells electrical equipment and lighting, and at 174 employees it has no obvious durable moat. At the 2026-10-13 close of $24.80, market cap is $101.4M. FairStock shows P/B of 5.39, EV/EBITDA of 44.17, and negative P/E. I see no margin of safety. The Lynch category is none because of losses in each of the last four years. The latest quarter hints at a possible inflection, but one quarter does not make a trend. I would want several quarters of positive net income and free cash flow before paying such multiples.

In plain English: Orion Energy Systems sells and installs energy-efficient lighting and electrical systems for commercial, industrial, and government buildings. The business has grown revenue recently and had a small quarterly profit, but it has lost money in each of the last four fiscal years and generates very little spare cash. At $24.80, the shares look expensive compared with those weak profits and net assets.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2027 10-Q (period ended 2026-06-30) · fiscal Q3 2026 10-Q (period ended 2025-12-31) · fiscal Q2 2026 10-Q (period ended 2025-09-30) · fiscal Q1 2026 10-Q (period ended 2025-06-30) · FY2026 10-K (period ended 2026-03-31) · FY2025 10-K (period ended 2025-03-31) · FY2024 10-K (period ended 2024-03-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer