Orion Energy Systems, Inc. (OESX) Financial Statements (2024 and earlier)

Company Profile

Business Address 2210 WOODLAND DRIVE
MANITOWOC, WI 54220
State of Incorp. WI
Fiscal Year End March 31
Industry (SIC) 364 - Electric Lighting And Wiring Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
3/31/2023
12/31/2022
MRQ
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15,9928,14214,46619,39328,7518,729
Cash and cash equivalents15,9928,14214,46619,39328,7518,729
Receivables13,72813,68811,89913,57210,42714,804
Inventory, net of allowances, customer advances and progress billings18,20519,30519,83219,55414,50713,403
Inventory18,20519,30519,83219,55414,50713,403
Prepaid expense1,1167601,044  695
Other undisclosed current assets1,3204,6944,0084,0121,2833,746
Total current assets:50,36146,58951,24956,53154,96841,377
Noncurrent Assets
Property, plant and equipment10,47010,67911,46611,36911,81712,010
Long-term investments and receivables     760 
Accounts and financing receivable, after allowance for credit loss     760 
Intangible assets, net (including goodwill)7,4887,6092,7541,9522,2162,469
Goodwill1,4841,425350   
Intangible assets, net (excluding goodwill)6,0046,1842,4041,9522,2162,469
Deferred income tax assets   17,80519,785 
Other noncurrent assets3,2603,4503,5433,1842,802165
Total noncurrent assets:21,21821,73835,56836,29017,59514,644
TOTAL ASSETS:71,57968,32786,81792,82172,56356,021
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities23,95721,87318,28230,27127,06227,116
Accounts payable13,40513,4589,85517,04519,83419,706
Accrued liabilities10,5528,4158,42713,2267,2287,410
Deferred revenue4801747687107
Debt171616143596
Contract with customer, liability123
Total current liabilities:24,45422,06318,37430,37227,20427,335
Noncurrent Liabilities
Long-term debt and lease obligation      9,283
Long-term debt, excluding current maturities      9,283
Liabilities, other than long-term debt3,8733,1043,3244,3404,2611,433
Deferred revenue489507564640715
Contract with customer, liability791
Other liabilities3,3842,5972,7603,7003,546642
Other undisclosed noncurrent liabilities10,0035,007193510,063 
Total noncurrent liabilities:13,8768,1113,3434,37514,32410,716
Total liabilities:38,33030,17421,71734,74741,52838,051
Equity
Equity, attributable to parent33,24938,15365,10058,07431,03517,970
Treasury stock, value(36,237)(36,238)(36,239)(36,240)(36,163)(36,091)
Additional paid in capital160,907160,696158,419157,485156,503155,828
Accumulated deficit(91,421)(86,305)(57,080)(63,171)(89,305)(101,767)
Total equity:33,24938,15365,10058,07431,03517,970
TOTAL LIABILITIES AND EQUITY:71,57968,32786,81792,82172,56356,021

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Revenues77,38398,794124,383116,840150,84165,754
Cost of revenue
(Cost of Goods and Services Sold)
(59,872)(73,016)(90,471)(86,716)(113,718)(51,202)
Gross profit:17,51125,77833,91230,12437,12314,552
Operating expenses(33,496)(32,824)(25,521)(23,288)(24,013)(20,709)
Operating income (loss):(15,985)(7,046)8,3916,83613,110(6,157)
Nonoperating expense(378)(58)(141)(318)(489)(503)
Other nonoperating income (expense) (55)1562880
Interest and debt expense    (90)(243)(493)
Other undisclosed income from continuing operations before equity method investments, income taxes  90   493
Income (loss) from continuing operations before equity method investments, income taxes:(16,363)(7,014)8,2506,42812,378(6,660)
Other undisclosed income (loss) from continuing operations before income taxes  (90) 90243 
Income (loss) from continuing operations before income taxes:(16,363)(7,104)8,2506,51812,621(6,660)
Income tax expense (benefit)(17,978)(20,040)(2,159)19,616(159)(14)
Income (loss) from continuing operations:(34,341)(27,144)6,09126,13412,462(6,674)
Income (loss) before gain (loss) on sale of properties:(3,085)6,09126,13412,462(6,674)
Net income (loss) available to common stockholders, diluted:(34,341)(27,144)6,09126,13412,462(6,674)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net income (loss):(34,341)(27,144)6,09126,13412,462(6,674)
Comprehensive income (loss), net of tax, attributable to parent:(34,341)(27,144)6,09126,13412,462(6,674)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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