| Schedule of Segment Information |
Corporate and other is comprised of operating expenses not allocated to Orion’s segments and adjustments to reconcile to consolidated results.
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Three Months Ended June 30, 2026 |
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(dollars in thousands) |
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|
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Lighting |
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Maintenance |
|
EV |
|
Corporate and Other |
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Total |
|
Product revenue |
$ |
10,785 |
|
$ |
1,617 |
|
$ |
1,817 |
|
$ |
— |
|
$ |
14,219 |
|
Service revenue |
|
6,882 |
|
|
2,479 |
|
|
2,163 |
|
|
— |
|
|
11,524 |
|
Total revenue |
|
17,667 |
|
|
4,096 |
|
|
3,980 |
|
|
— |
|
|
25,743 |
|
Cost of product revenue |
|
6,585 |
|
|
842 |
|
|
1,241 |
|
|
— |
|
|
8,668 |
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Cost of service revenue |
|
4,422 |
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|
2,074 |
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|
1,668 |
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|
— |
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|
8,164 |
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Total cost of revenue |
|
11,007 |
|
|
2,916 |
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|
2,909 |
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|
— |
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|
16,832 |
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Gross profit |
|
6,660 |
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|
1,180 |
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|
1,071 |
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— |
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|
8,911 |
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Operating expenses: |
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General and administrative |
|
1,600 |
|
|
591 |
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|
638 |
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|
865 |
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|
3,694 |
|
Sales and marketing |
|
2,355 |
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|
102 |
|
|
268 |
|
|
113 |
|
|
2,838 |
|
Research and development |
|
129 |
|
|
40 |
|
|
23 |
|
|
76 |
|
|
268 |
|
Total operating expenses |
|
4,084 |
|
|
733 |
|
|
929 |
|
|
1,054 |
|
|
6,800 |
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Income (loss) from operations |
|
2,576 |
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|
447 |
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|
142 |
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(1,054 |
) |
|
2,111 |
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Other income (expense): |
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Royalty income |
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1 |
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Interest expense |
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(98 |
) |
Amortization of debt issue cost |
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(18 |
) |
Other |
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(42 |
) |
Total other expense |
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(157 |
) |
Income before income tax |
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$ |
1,954 |
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Three Months Ended June 30, 2025 |
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(dollars in thousands) |
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Lighting |
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Maintenance |
|
EV |
|
Corporate and Other |
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Total |
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Product revenue |
$ |
10,435 |
|
$ |
1,501 |
|
$ |
1,576 |
|
$ |
— |
|
$ |
13,512 |
|
Service revenue |
|
2,447 |
|
|
2,496 |
|
|
1,120 |
|
|
— |
|
|
6,063 |
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Total revenue |
|
12,882 |
|
|
3,997 |
|
|
2,696 |
|
|
— |
|
|
19,575 |
|
Cost of product revenue |
|
7,123 |
|
|
833 |
|
|
866 |
|
|
— |
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|
8,822 |
|
Cost of service revenue |
|
1,716 |
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|
2,218 |
|
|
918 |
|
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— |
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|
4,852 |
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Total cost of revenue |
|
8,839 |
|
|
3,051 |
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|
1,784 |
|
|
— |
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|
13,674 |
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Gross profit |
|
4,043 |
|
|
946 |
|
|
912 |
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|
— |
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|
5,901 |
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Operating expenses: |
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|
|
|
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General and administrative |
|
1,799 |
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|
675 |
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|
918 |
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|
898 |
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|
4,290 |
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Sales and marketing |
|
1,908 |
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|
108 |
|
|
297 |
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|
103 |
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|
2,416 |
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Research and development |
|
101 |
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|
34 |
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|
19 |
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|
54 |
|
|
208 |
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Total operating expenses |
|
3,808 |
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|
817 |
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|
1,234 |
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|
1,055 |
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|
6,914 |
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Income (loss) from operations |
|
235 |
|
|
129 |
|
|
(322 |
) |
|
(1,055 |
) |
|
(1,013 |
) |
Other income (expense): |
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Royalty income |
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|
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2 |
|
Interest expense |
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|
(169 |
) |
Amortization of debt issue cost |
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|
(51 |
) |
Total other expense |
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|
(218 |
) |
Loss before income tax |
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$ |
(1,231 |
) |
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Depreciation and Amortization |
Capital Expenditures |
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Three Months Ended June 30, |
Three Months Ended June 30, |
|
(dollars in thousands) |
|
2026 |
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|
2025 |
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|
2026 |
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|
2025 |
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Segments: |
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Lighting Segment |
|
$ |
67 |
|
|
$ |
168 |
|
|
$ |
4 |
|
|
$ |
51 |
|
Maintenance Segment |
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|
24 |
|
|
|
48 |
|
|
|
— |
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|
|
4 |
|
EV Segment |
|
|
123 |
|
|
|
249 |
|
|
|
— |
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|
— |
|
Corporate and Other |
|
|
37 |
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|
70 |
|
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|
2 |
|
|
|
— |
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|
$ |
251 |
|
|
$ |
535 |
|
|
$ |
6 |
|
|
$ |
55 |
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Total Assets |
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(dollars in thousands) |
|
June 30, 2026 |
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|
March 31, 2026 |
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Segments: |
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Lighting Segment |
|
$ |
23,145 |
|
|
$ |
26,185 |
|
Maintenance Segment |
|
|
3,933 |
|
|
|
3,697 |
|
EV Segment |
|
|
9,721 |
|
|
|
7,505 |
|
Corporate and Other |
|
|
16,504 |
|
|
|
14,218 |
|
|
|
$ |
53,303 |
|
|
$ |
51,605 |
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