ORION ENERGY SYSTEMS, INC. OESX Income Statement

Orion energy systems, inc. (OESX)

Income statement / TTM

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10
Product revenue
-	-	-	-	-	-	-	-	-	-	-	-	70,312	67,147	64,454	64,897	64,218	71,770	69,433	65,881	59,404	58,138	66,674	71,954	80,517	80,797	76,547	72,604	72,207	73,821	87,001	90,782	95,139	92,498	77,473	75,870	0	0	0
Service revenue
-	-	-	-	-	-	-	-	-	-	-	-	3,185	2,484	2,235	2,745	4,214	6,049	6,051	6,329	6,024	8,844	14,410	16,669	17,803	18,918	15,081	13,482	13,058	9,763	10,650	9,780	9,526	8,405	5,808	6,167	0	0	0
Revenues
147,392	129,434	94,310	65,754	58,368	59,340	61,564	60,300	60,533	63,887	67,135	70,211	73,497	69,631	66,689	67,642	68,432	77,819	75,484	72,210	65,428	66,982	81,084	88,623	98,320	99,715	91,628	86,086	85,265	83,584	97,651	100,562	104,665	100,903	83,281	82,037	0	0	0
Cost of revenue
111,660	97,806	72,931	51,202	44,976	45,002	46,147	45,628	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of product revenue
-	-	-	-	-	-	-	-	-	-	-	-	50,390	48,387	48,936	49,630	50,864	59,583	70,646	68,388	63,671	59,120	51,394	54,423	56,643	56,609	52,838	49,551	49,530	51,267	60,847	62,842	66,107	62,796	51,094	49,809	0	0	0
Cost of service revenue
-	-	-	-	-	-	-	-	-	-	-	-	2,063	1,646	1,487	2,015	3,208	4,761	4,830	4,959	4,598	6,377	9,821	11,220	12,004	13,002	10,710	9,805	9,840	7,489	8,400	7,682	7,214	6,443	4,294	4,589	0	0	0
Total cost of revenue
-	-	-	-	-	-	-	-	-	-	-	-	52,453	50,033	50,423	51,645	54,072	64,344	75,476	73,347	68,269	65,497	61,215	65,643	68,647	69,611	63,548	59,356	59,370	58,756	69,247	70,524	73,321	69,239	55,388	54,398	0	0	0
Gross profit
35,732	31,628	21,379	14,552	13,392	14,338	15,417	14,672	12,360	13,399	16,022	17,337	21,044	19,598	16,266	15,997	14,360	13,475	8	-1,137	-2,841	1,485	19,869	22,980	29,673	30,104	28,080	26,730	25,895	24,828	28,404	30,038	31,344	31,664	27,893	27,639	0	0	0
Operating expenses:
General and administrative
10,824	10,431	10,162	10,231	9,470	10,079	10,900	13,159	15,107	15,770	16,211	14,777	16,788	17,108	16,913	16,884	14,716	14,671	15,110	14,908	17,070	16,531	15,862	14,951	12,367	11,938	13,403	13,946	13,546	13,539	11,626	11,399	11,685	11,553	11,816	11,686	0	0	0
Impairment of intangible assets
-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition and integration related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	819	444	356	0	-	0	0	-	-	-	-	-	-	-	-	-
Sales and marketing
10,560	10,015	9,232	9,104	9,541	10,332	11,103	11,879	12,907	13,073	13,292	12,833	12,399	11,661	11,170	11,343	11,385	12,747	13,480	13,290	13,199	12,825	13,102	13,527	14,230	15,563	16,480	17,129	17,285	16,608	15,776	15,599	15,107	14,289	13,859	13,674	0	0	0
Research and development
1,557	1,416	1,380	1,374	1,442	1,760	1,786	1,905	2,031	1,910	2,047	2,004	1,917	1,803	1,727	1,668	1,924	2,432	2,560	2,554	2,484	2,073	1,952	2,026	1,841	1,790	2,052	2,259	2,581	2,710	2,593	2,518	2,307	2,365	2,345	2,333	0	0	0
Total operating expenses
22,941	21,862	20,774	20,709	20,453	22,171	24,499	27,653	31,005	31,713	31,800	29,864	37,127	36,595	35,833	35,918	28,072	29,897	31,197	30,799	33,128	31,892	31,735	31,323	28,882	29,647	31,935	33,334	33,412	32,857	29,995	29,516	29,099	28,207	28,020	27,693	0	0	0
Income (loss) from operations
12,791	9,766	605	-6,157	-7,061	-7,833	-9,082	-12,981	-18,645	-18,314	-15,778	-12,527	-16,083	-16,997	-19,567	-19,921	-13,712	-16,422	-31,189	-31,936	-35,969	-30,407	-11,866	-8,343	791	457	-3,855	-6,604	-7,517	-8,029	-1,591	522	2,245	3,457	-127	-54	0	0	0
Other income (expense):
Other income
37	66	73	80	313	282	267	248	25	25	115	215	190	190	100	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
-	-	540	-	-	-	355	333	240	231	160	163	278	284	276	297	363	354	377	376	338	399	458	481	504	519	519	567	595	617	625	551	580	518	423	406	0	0	0
Amortization of debt issue costs
252	222	162	101	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
8	8	10	11	10	13	13	15	18	20	31	36	52	72	90	128	161	203	254	300	354	417	487	567	672	0	0	-	0	-	-	-	-	-	-	-	-	-	-
Dividend and interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	0	0	0
Total other expense
-626	-606	-619	-503	-160	-182	-167	-162	-335	-296	-124	-22	-36	-22	-86	-169	-202	-151	-123	-76	16	18	29	86	144	210	275	278	349	340	328	331	-862	-837	-803	-847	0	0	0
Income (loss) before income tax
12,165	9,160	-14	-6,660	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss before income tax
-	-	-	-	-	-	-	-	-	-18,610	-15,902	-	-16,119	-17,019	-19,653	-20,090	-13,914	-16,573	-31,312	-32,012	-35,953	-30,389	-11,837	-8,257	935	667	-3,580	-6,326	-7,168	-7,689	-1,263	853	1,383	2,620	-930	-901	0	0	0
Income tax expense
54	15	0	14	34	11	7	-15	-23	0	10	-261	-253	-235	-239	36	35	35	42	49	254	137	-2,060	-2,058	-2,254	-2,155	5,660	4,073	3,937	3,993	-598	370	224	1,717	-1,015	-1,242	0	0	0
Net income (loss)
12,111	9,145	-14	-6,674	-7,255	-8,026	-9,256	-13,128	-18,957	-18,610	-15,912	-12,288	-15,866	-16,784	-19,414	-20,126	-13,949	-16,608	-31,354	-32,061	-36,207	-30,526	-9,777	-6,199	3,189	2,822	-9,240	-10,399	-11,105	-11,682	-665	483	1,159	903	85	341	0	0	0
Basic net income (loss) per share attributable to common shareholders
0.08	0.22	0.13	-0.04	-0.02	-0.08	-0.09	-0.05	-0.05	-0.13	-0.23	-0.26	-0.04	-0.03	-0.11	-0.40	-0.07	-0.13	-0.13	-0.18	-0.21	-0.84	-0.20	-0.42	0.05	0.11	-0.04	0.02	0.03	-0.46	-0.09	-0.01	0.00	0.06	-0.03	0.03	-0.01	0.02	-0.02
Weighted-average common shares outstanding
30,243	30,189	29,723	29,590	29,568	29,488	29,070	28,935	28,909	28,834	28,455	28,309	28,258	28,171	27,885	27,759	27,671	27,598	27,481	24,041	21,882	21,820	21,669	21,468	21,219	21,089	20,173	20,158	20,191	21,075	22,561	22,905	22,996	22,989	22,921	22,825	22,726	22,638	22,523
Diluted net income (loss) per share
0.07	0.22	0.13	-0.04	-0.02	-0.08	-0.09	-0.05	-0.05	-0.13	-0.23	-0.26	-0.04	-0.03	-0.11	-0.40	-0.07	-0.13	-0.13	-0.18	-0.21	-0.84	-0.20	-0.42	0.05	0.11	-0.04	0.02	0.03	-0.46	-0.09	-0.01	0.00	0.06	-0.03	0.02	-0.01	0.02	-0.02
Weighted-average common shares and share equivalents outstanding
30,824	30,830	30,550	29,590	29,568	29,488	29,070	28,935	28,909	28,834	28,455	28,309	28,258	28,171	27,885	27,759	27,671	27,598	27,481	24,041	21,882	21,820	21,669	19,907	22,328	21,541	20,173	20,104	20,245	21,075	22,561	24,000	23,254	23,369	22,921	24,641	22,726	22,901	22,523
Product revenue
Revenues
111,689	99,774	75,792	56,261	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenue
83,290	74,723	58,212	44,111	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service revenue
Revenues
35,703	29,660	18,518	9,493	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenue
28,370	23,083	14,719	7,091	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-