$OESX To put the current year goal in perspective, Orion had revenue of $66M in FY 2019 and a net loss of $6.7M - vs. 6 months revenue this year of $90.7M and net income of $10.7M or $0.35 per share. The improvement is driven by a major customer LED lighting retrofit project amounting to over $100M in FY 2020 (ending March 31, 2020) - the award today is an extension of that project and Orion is pursuing other large customers with its turnkey approach from design to build through installation of fixtures & controls - which is not broadly offered in the industry.
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David Collins, Managing Director
Catalyst Global Investor Relations www.catalyst-ir.com
dcc@catatalyst-ir.com
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