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Lighting companies have released updates about their financial results and reported their outlook for the second half of 2018.
Orion Energy System (Orion Lighting), a U.S. based LED lighting and energy project solution provider, reported the result for the first quarter in fiscal year 2019*. The company’s Q1’19 revenue grew 10.1% YoY to US$ 13.8 million and its gross margin improved 340 basis points to 25.0%. Its EBITDA loss has decreased from US$ 6 million in Q1’18 to US$ 2.1 million.
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