U.S. company Orion Lighting posted its FY 2020 financial results ending March 31, 2020. The revenue of FY 2020 grew by 129%YoY to US$150.8 million comparing to US$65.8 million in FY 2019. The gross profit also reached US$37.1 million with an on-year growth of 155%. Net income of the fiscal year came to US$12.5 million or US$0.40 per share. EBITDA came to US$14.7 million. Orion Lighting noted that the revenue increase was mainly driven by a large LED lighting and controls retrofit project of one national account. The company said its business ha...

Orion Lighting highlighted its offering of specialized lighting solutions to combat bacteria, fungus, mold and mildew in high-traffic areas such as schools, healthcare, foodservice and fitness facilities, including high-risk areas such as bathrooms, waiting areas, locker rooms and other public spaces. Orion’s ISON™ LDRMH1 LED Fixture Features Britex™ Anti-Microbial Fixture Coating, Plus an Option to Add VioSafe™ Anti-Microbial Light Technology Orion’s solutions utilize a combination of proprietary technologies, including its B...

LED lighting solution provider Orion Lighting reported results of the third quarter of its fiscal 2020 ended December 31, 2019. Orion lighting registered a revenue of US$34 million for the quarter, which increased by 110%, compared to the same period last year. The company said that the strong growth came from a large turnkey LED lighting retrofit contract for a major national account. Gross profit also grew by 98% YoY to US$8.3 million for a gross margin of 24.2%. EBITDA rose to US$2.8 million in fiscal 3Q20 and US$14.7 million for the first 9 months of fisca...

Orion Energy Systems (Orion Lighting), LED lighting and energy project solutions provider, and Arizona based energy solutions firm BC Energy Solutions, announced that they have completed US$4.9 million in LED lighting upgrade projects across nine states in the U.S. funded in part by helping clients secure nearly US$1.3 million in electric utility rebates from October 2018 to March 2019. The rebates provide added financial incentives for companies to prioritize their investment in converting to LED lighting systems and controls. In aggregate, the utility reba...

U.S. based Orion Energy System (Orion Lighting) updated that the company has continued to receive orders and letters of intent from major national accounts. With the orders, the company is expected to reach the 10 percent growth goal for the fiscal 2019 year ending March 31, 2019*. 

Lighting companies have released updates about their financial results and reported their outlook for the second half of 2018.

Orion Energy Systems, Inc. , a leading designer and manufacturer of high-performance, energy-efficient retrofit lighting platforms, today announced Vac-Con®, Inc., a Florida-based manufacturer, has again selected Orion lighting for a major facility expansion. The project features a combination of first and second generation HARRIS LED High Bays.