Orion Energy Systems, Inc. Reports Impairment on Intangibles for the Fourth Quarter Ended March 31, 2024
June 06, 2024 at 04:59 pm IST
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Orion Energy Systems, Inc. reported impairment on Intangibles for the fourth quarter ended March 31, 2024. For the quarter, the company reported impairment on Intangibles of $456,000.
Orion Energy Systems, Inc. provides light emitting diode (LED) lighting systems, wireless Internet of Things (IoT) enabled control solutions, commercial and industrial electric vehicle (EV) charging infrastructure solutions and lighting and electrical maintenance services. Its lighting segment develops and sells lighting products and provides construction and engineering services for its commercial lighting and energy management systems. Its lighting segment provides engineering, design, lighting products and, in many cases, turnkey solutions for large national accounts, governments, municipalities, schools, and other customers. Its maintenance segment provides retailers, distributors and other businesses with maintenance, repair and replacement services for the lighting and related electrical components deployed in their facilities. Its EV segment offers electric vehicle charging expertise and provides EV turnkey installation solutions with ongoing support to all commercial verticals.