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Stock Market & Financial Investment News

News Breaks
August 4, 2014
16:12 EDTOESXOrion Energy reports Q1 EPS (20c), consensus (12c)
Reports Q1 revenue $13.3M, consensus $16.45M. As of June 30, the company had a current backlog of purchase orders amounting to $7.4M, with $7.0M in LED and HIF lighting orders, the largest lighting backlog total since September 2011.
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May 21, 2015
16:15 EDTOESXOrion Energy sees returning to historical margin levels
"Now that the legacy inventory issues and adjustment to addressing the rapid LED sales transition are well behind the company, we believe margins will begin to return to historical levels. Further, the changes in our operating infrastructure that were implemented earlier this year are expected to reduce approximately $10M in expenses... Orion launched several new products at Lightfair in May, and... received numerous orders at the event. We are now seeing accelerating sales in each of our core target markets for LED retrofit products, including industrial, commercial and exterior applications," said Orion during its earnings release.
16:13 EDTOESXOrion Energy reports Q4 EPS (19c), three estimates (17c)
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