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SEGMENT DATA | 9 Months Ended
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Dec. 31, 2025
Segment Reporting [Abstract] |
SEGMENT DATA | NOTE 17 — SEGMENT DATA Reportable segments are components of an entity that have separate financial data that the entity's chief operating decision maker ("CODM") regularly reviews when allocating resources and assessing performance. Orion's CODM is the chief executive officer. Orion's CODM focuses primarily on each segment's ability to generate sufficient revenues and manage cost of services along with operating expenses. As such, the CODM measures operating performance at the segment level based on operating income or loss, including evaluation of budget to actual variances. Orion evaluates and reports on the business using three segments: lighting segment, maintenance segment and electric vehicle charging segment (“EV segment”). Lighting Segment The lighting segment develops and sells lighting products and provides construction and engineering services for Orion's commercial lighting and energy management systems. The lighting segment provides engineering, design, lighting products and in many cases turnkey solutions for large national accounts, governments, municipalities, schools and other customers mostly through direct sales and also sells lighting products though manufacturer representative agencies and to the wholesale contractor markets through energy service companies and contractors. Maintenance Segment The 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. EV Segment The EV segment offers leading electric vehicle charging expertise, sells and installs sourced electric vehicle charging stations with related software subscriptions and renewals and provides EV turnkey installation solutions with ongoing support to all commercial verticals. Corporate and Other Corporate and other is comprised of operating expenses not allocated to Orion’s segments and adjustments to reconcile to consolidated results.
Three Months Ended December 31, 2025 |  |  |  |  |  |  |  |  |  |
(dollars in thousands) |  |  |  |  |  |  |  |  |  |
| Lighting |  | Maintenance |  | EV |  | Corporate and Other |  | Total |
Product revenue | $ | 9,138 |  | $ | 2,165 |  | $ | 3,336 |  | $ | — |  | $ | 14,639 |
Service revenue |  | 2,936 |  |  | 2,191 |  |  | 1,323 |  |  | — |  |  | 6,450 |
Total revenue |  | 12,074 |  |  | 4,356 |  |  | 4,659 |  |  | — |  |  | 21,089 |
Cost of product revenue |  | 6,679 |  |  | 1,151 |  |  | 1,950 |  |  | — |  |  | 9,780 |
Cost of service revenue |  | 1,843 |  |  | 1,957 |  |  | 1,002 |  |  | — |  |  | 4,802 |
Total cost of revenue |  | 8,522 |  |  | 3,108 |  |  | 2,952 |  |  | — |  |  | 14,582 |
Gross profit |  | 3,552 |  |  | 1,248 |  |  | 1,707 |  |  | — |  |  | 6,507 |
Operating expenses: |  |  |  |  |  |  |  |  |  |
General and administrative |  | 1,424 |  |  | 532 |  |  | 713 |  |  | 716 |  |  | 3,385 |
Sales and marketing |  | 2,014 |  |  | 112 |  |  | 267 |  |  | 106 |  |  | 2,499 |
Research and development |  | 116 |  |  | 36 |  |  | 21 |  |  | 64 |  |  | 237 |
Total operating expenses |  | 3,554 |  |  | 680 |  |  | 1,001 |  |  | 886 |  |  | 6,121 |
Income (loss) from operations |  | (2 | ) |  | 568 |  |  | 706 |  |  | (886 | ) |  | 386 |
Other income (expense): |  |  |  |  |  |  |  |  |  |
Royalty income |  |  |  |  |  |  |  |  |  | 46 |
Interest expense |  |  |  |  |  |  |  |  |  | (203 | )
Amortization of debt issue cost |  |  |  |  |  |  |  |  |  | (51 | )
Total other expense |  |  |  |  |  |  |  |  |  | (208 | )
Income before income tax |  |  |  |  |  |  |  |  | $ | 178 |
Three Months Ended December 31, 2024 |  |  |  |  |  |  |  |  |  |
(dollars in thousands) |  |  |  |  |  |  |  |  |  |
| Lighting |  | Maintenance |  | EV |  | Corporate and Other |  | Total |
Product revenue | $ | 11,460 |  | $ | 1,672 |  | $ | 1,176 |  | $ | — |  | $ | 14,308 |
Service revenue |  | 1,754 |  |  | 2,253 |  |  | 1,269 |  |  | — |  |  | 5,276 |
Total revenue |  | 13,214 |  |  | 3,925 |  |  | 2,445 |  |  | — |  |  | 19,584 |
Cost of product revenue |  | 7,878 |  |  | 784 |  |  | 685 |  |  | — |  |  | 9,347 |
Cost of service revenue |  | 1,352 |  |  | 2,103 |  |  | 1,028 |  |  | — |  |  | 4,483 |
Total cost of revenue |  | 9,230 |  |  | 2,887 |  |  | 1,713 |  |  | — |  |  | 13,830 |
Gross profit |  | 3,984 |  |  | 1,038 |  |  | 732 |  |  | — |  |  | 5,754 |
Operating expenses: |  |  |  |  |  |  |  |  |  |
General and administrative |  | 1,330 |  |  | 523 |  |  | 1,370 |  |  | 634 |  |  | 3,857 |
Sales and marketing |  | 2,079 |  |  | 166 |  |  | 501 |  |  | 113 |  |  | 2,859 |
Research and development |  | 146 |  |  | 40 |  |  | 27 |  |  | 74 |  |  | 287 |
Total operating expenses |  | 3,555 |  |  | 729 |  |  | 1,898 |  |  | 821 |  |  | 7,003 |
Income (loss) from operations |  | 429 |  |  | 309 |  |  | (1,166 | ) |  | (821 | ) |  | (1,249 | )
Other income (expense): |  |  |  |  |  |  |  |  |  |
Royalty income |  |  |  |  |  |  |  |  |  | 45 |
Interest expense |  |  |  |  |  |  |  |  |  | (255 | )
Interest income |  |  |  |  |  |  |  |  |  | 1 |
Amortization of debt issue cost |  |  |  |  |  |  |  |  |  | (49 | )
Total other expense |  |  |  |  |  |  |  |  |  | (258 | )
Loss before income tax |  |  |  |  |  |  |  |  | $ | (1,507 | )
Nine Months Ended December 31, 2025 |  |  |  |  |  |  |  |  |  |
(dollars in thousands) |  |  |  |  |  |  |  |  |  |
| Lighting |  | Maintenance |  | EV |  | Corporate and Other |  | Total |
Product revenue | $ | 27,880 |  | $ | 5,711 |  | $ | 7,373 |  | $ | — |  | $ | 40,964 |
Service revenue |  | 7,740 |  |  | 7,133 |  |  | 4,746 |  |  | — |  |  | 19,619 |
Total revenue |  | 35,620 |  |  | 12,844 |  |  | 12,119 |  |  | — |  |  | 60,583 |
Cost of product revenue |  | 19,881 |  |  | 3,128 |  |  | 4,370 |  |  | — |  |  | 27,379 |
Cost of service revenue |  | 5,374 |  |  | 6,296 |  |  | 2,949 |  |  | — |  |  | 14,619 |
Total cost of revenue |  | 25,255 |  |  | 9,424 |  |  | 7,319 |  |  | — |  |  | 41,998 |
Gross profit |  | 10,365 |  |  | 3,420 |  |  | 4,800 |  |  |  |  | 18,585 |
Operating expenses: |  |  |  |  |  |  |  |  |  |
General and administrative |  | 4,813 |  |  | 1,731 |  |  | 2,482 |  |  | 2,461 |  |  | 11,487 |
Sales and marketing |  | 5,882 |  |  | 332 |  |  | 753 |  |  | 326 |  |  | 7,293 |
Research and development |  | 330 |  |  | 103 |  |  | 59 |  |  | 182 |  |  | 674 |
Total operating expenses |  | 11,025 |  |  | 2,166 |  |  | 3,294 |  |  | 2,969 |  |  | 19,454 |
Income (loss) from operations |  | (660 | ) |  | 1,254 |  |  | 1,506 |  |  | (2,969 | ) |  | (869 | )
Other income (expense): |  |  |  |  |  |  |  |  |  |
Royalty income |  |  |  |  |  |  |  |  |  | 49 |
Interest expense |  |  |  |  |  |  |  |  |  | (652 | )
Amortization of debt issue cost |  |  |  |  |  |  |  |  |  | (152 | )
Total other expense |  |  |  |  |  |  |  |  |  | (755 | )
Loss before income tax |  |  |  |  |  |  |  |  | $ | (1,624 | )
Nine Months Ended December 31, 2024 |  |  |  |  |  |  |  |  |  |
(dollars in thousands) |  |  |  |  |  |  |  |  |  |
| Lighting |  | Maintenance |  | EV |  | Corporate and Other |  | Total |
Product revenue | $ | 31,080 |  | $ | 3,795 |  | $ | 4,567 |  | $ | — |  | $ | 39,442 |
Service revenue |  | 5,725 |  |  | 7,250 |  |  | 6,434 |  |  | — |  |  | 19,409 |
Total revenue |  | 36,805 |  |  | 11,045 |  |  | 11,001 |  |  | — |  |  | 58,851 |
Cost of product revenue |  | 21,958 |  |  | 2,007 |  |  | 2,844 |  |  | — |  |  | 26,809 |
Cost of service revenue |  | 5,227 |  |  | 7,292 |  |  | 5,022 |  |  | — |  |  | 17,541 |
Total cost of revenue |  | 27,185 |  |  | 9,299 |  |  | 7,866 |  |  | — |  |  | 44,350 |
Gross profit |  | 9,620 |  |  | 1,746 |  |  | 3,135 |  |  |  |  | 14,501 |
Operating expenses: |  |  |  |  |  |  |  |  |  |
General and administrative |  | 4,516 |  |  | 2,169 |  |  | 4,007 |  |  | 2,278 |  |  | 12,970 |
Sales and marketing |  | 6,731 |  |  | 478 |  |  | 1,051 |  |  | 384 |  |  | 8,644 |
Research and development |  | 428 |  |  | 118 |  |  | 78 |  |  | 216 |  |  | 840 |
Total operating expenses |  | 11,675 |  |  | 2,765 |  |  | 5,136 |  |  | 2,878 |  |  | 22,454 |
Loss from operations |  | (2,055 | ) |  | (1,019 | ) |  | (2,001 | ) |  | (2,878 | ) |  | (7,953 | )
Other income (expense): |  |  |  |  |  |  |  |  |  |
Royalty income |  |  |  |  |  |  |  |  |  | 61 |
Interest expense |  |  |  |  |  |  |  |  |  | (800 | )
Interest income |  |  |  |  |  |  |  |  |  | 1 |
Amortization of debt issue cost |  |  |  |  |  |  |  |  |  | (155 | )
Total other expense |  |  |  |  |  |  |  |  |  | (893 | )
Loss before income tax |  |  |  |  |  |  |  |  | $ | (8,846 | )
|  | Depreciation and Amortization | Capital Expenditures |
|  | Nine Months Ended December 31, | Nine Months Ended December 31, |
(dollars in thousands) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Segments: |  |  |  |  |  |  |  |  |  |  |  |
Lighting Segment |  | $ | 487 |  |  | $ | 596 |  |  | $ | 55 |  |  | $ | 12 |
Maintenance Segment |  |  | 146 |  |  |  | 289 |  |  |  | 4 |  |  |  | 1 |
EV Segment |  |  | 632 |  |  |  | 777 |  |  |  | — |  |  |  | - |
Corporate and Other |  |  | 212 |  |  |  | 206 |  |  |  | (1 | ) |  |  | 35 |
|  | $ | 1,477 |  |  | $ | 1,868 |  |  | $ | 58 |  |  | $ | 48 |
|  | Total Assets |
(dollars in thousands) |  | December 31, 2025 |  |  | March 31, 2025 |
Segments: |  |  |  |  |  |
Lighting Segment |  | $ | 18,074 |  |  | $ | 20,646 |
Maintenance Segment |  |  | 5,833 |  |  |  | 4,384 |
EV Segment |  |  | 10,043 |  |  |  | 11,963 |
Corporate and Other |  |  | 14,301 |  |  |  | 15,470 |
|  | $ | 48,251 |  |  | $ | 52,463 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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