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Posted On: 02/08/2017 12:11:30 PM
Post# of 144758
LED lighting Co. $OESX: Q3 Revs +23% to $20.6M, Net loss trimmed to $1.1M from $2.0M on higher margins & new distribution channel
Highlights:
Revenue rose 23% to $20.6M versus $16.8M in Q3’16;
Gross margin rose 180 bps to 30% versus 28% in Q3’16;
Net Loss improved to $1.1M versus $2.0M in Q3’16;
Cash and cash equivalents were $19.1M at the end of Q3’17 versus $17.5M at the end of Q3’16;
Backlog rose 28% to $9.6 million from $7.5 million in Q3‘16;
Here's the release: Orion Lighting Q3 Results
Highlights:
Revenue rose 23% to $20.6M versus $16.8M in Q3’16;
Gross margin rose 180 bps to 30% versus 28% in Q3’16;
Net Loss improved to $1.1M versus $2.0M in Q3’16;
Cash and cash equivalents were $19.1M at the end of Q3’17 versus $17.5M at the end of Q3’16;
Backlog rose 28% to $9.6 million from $7.5 million in Q3‘16;
Here's the release: Orion Lighting Q3 Results
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Posts that I make on Investors Hangout reflect my own personal thinking and opinion and are neither endorsed nor approved by the subject companies, many of which may be clients or client prospects of our our NY-based investor relations consulting firm.
David Collins, Managing Director
Catalyst Global Investor Relations
www.catalyst-ir.com
dcc@catatalyst-ir.com
212 924 9800
David Collins, Managing Director
Catalyst Global Investor Relations
www.catalyst-ir.com
dcc@catatalyst-ir.com
212 924 9800
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