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Orion Continues To Expect FY24 Revenue Growth Of 30% Or More To ~$100M, With The Bulk Of The Increase Occurring In 2H; EV Is Anticipated To Strengthen In 2H FY24 Due To Increased Project Activation And Equipment Sales Through Partners

Author: Benzinga Newsdesk | November 07, 2023 09:00am

Business Outlook

Orion continues to expect FY 2024 revenue growth of 30% or more to approximately $100M, with the bulk of the increase occurring in the second half of the year.
EV is anticipated to strengthen in 2H FY24 due to increased project activation and equipment sales through partners.
LED lighting growth is also anticipated in 2H FY'24 from a range of large national account projects currently underway or anticipated over the balance of the fiscal year. These include the balance of the $9.6M DoD European retrofit project; an outdoor lighting project for Orion's largest customer; and continued ramp from projects for a large warehouse/logistics sector customer.

Posted In: OESX