OESX (OESX) financial statements
OESX reported revenue of $86M in fiscal 2026, up 2.3% a year over 9 years.
Net income was -$3M and the operating margin -1.9%, against -17.8% in 2017.
Free cash flow was -$1M.
The diluted share count rose 26% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from OESX's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $70M | $60M | $66M | $151M | $117M | $124M | $77M | $91M | $80M | $86M |
| Cost of revenue | $53M | $46M | $51M | $114M | $87M | $90M | $60M | $70M | $59M | $58M |
| Gross profit | $17M | $15M | $15M | $37M | $30M | $34M | $18M | $21M | $20M | $28M |
| Research and development | $2M | $2M | $1M | $2M | $2M | $2M | $2M | $1M | $1M | $945,000 |
| Selling, general and admin | $28M | $25M | $19M | $22M | $22M | $23M | $31M | $30M | $30M | $29M |
| Operating income | -$13M | -$13M | -$6M | $13M | $7M | $8M | -$16M | -$11M | -$11M | -$2M |
| Interest expense | $163,000 | $333,000 | $493,000 | — | — | — | — | — | — | — |
| Pre-tax income | -$13M | -$13M | -$7M | $13M | $7M | $8M | -$16M | -$12M | -$12M | -$3M |
| Income tax | -$261,000 | -$15,000 | $14,000 | $159,000 | -$20M | $2M | $18M | $41,000 | $42,000 | $60,000 |
| Net income | -$12M | -$13M | -$7M | $12M | $26M | $6M | -$34M | -$12M | -$12M | -$3M |
| EPS (diluted) | -$4.40 | -$4.60 | -$2.30 | $4.00 | $8.30 | $1.90 | -$10.80 | -$3.59 | -$3.59 | -$0.89 |
| Diluted shares | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 4M |
| Gross margin | 24.7% | 24.3% | 22.1% | 24.6% | 25.8% | 27.3% | 22.6% | 23.1% | 25.4% | 32.6% |
| Operating margin | -17.8% | -21.5% | -9.4% | 8.7% | 5.9% | 6.7% | -20.7% | -11.9% | -13.3% | -1.9% |
| Net margin | -17.5% | -21.8% | -10.1% | 8.3% | 22.4% | 4.9% | -44.4% | -12.9% | -14.8% | -3.7% |
Balance sheet
Fiscal years, from OESX's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $17M | $9M | $9M | $29M | $19M | $14M | $16M | $5M | $6M | $3M |
| Receivables | $9M | $9M | $15M | $10M | $14M | $12M | $14M | $14M | $13M | $16M |
| Inventory | $14M | $8M | $13M | $15M | $20M | $20M | $18M | $18M | $11M | $10M |
| Total current assets | $44M | $29M | $41M | $55M | $57M | $51M | $50M | $45M | $35M | $38M |
| Property, plant and equipment | $14M | $13M | $12M | $12M | $11M | $11M | $10M | $10M | $8M | $6M |
| Goodwill | $0 | $0 | — | — | — | $350,000 | $1M | $1M | $1M | $1M |
| Total assets | $62M | $45M | $56M | $73M | $93M | $87M | $72M | $63M | $52M | $52M |
| Total current liabilities | $18M | $16M | $27M | $27M | $30M | $18M | $24M | $28M | $27M | $27M |
| Long-term debt | $7M | $4M | $9M | $10M | $35,000 | $19,000 | $10M | $10M | $10M | $6M |
| Total liabilities | $27M | $22M | $38M | $42M | $35M | $22M | $38M | $41M | $41M | $35M |
| Shareholders' equity | $35M | $23M | $18M | $31M | $58M | $65M | $33M | $23M | $12M | $17M |
| Net debt | -$10M | -$5M | $650,000 | -$19M | -$19M | -$14M | -$6M | $5M | $4M | $3M |
Cash flow
Fiscal years, from OESX's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$2M | -$4M | -$5M | $20M | $2M | -$113,000 | -$2M | -$10M | $599,000 | -$1M |
| Capital spending | $660,000 | $512,000 | $381,000 | $814,000 | $902,000 | $518,000 | $586,000 | $837,000 | $99,000 | $83,000 |
| Free cash flow | -$3M | -$5M | -$5M | $20M | $827,000 | -$631,000 | -$3M | -$11M | $500,000 | -$1M |
| Stock-based compensation | $2M | $1M | $825,000 | $618,000 | $753,000 | $813,000 | $2M | $950,000 | $1M | $483,000 |
| Net borrowing | -$880,000 | -$158,000 | -$80,000 | — | — | — | $0 | $0 | $4M | $0 |
| Free cash flow margin | -3.7% | -8.2% | -8.3% | 12.9% | 0.7% | -0.5% | -3.7% | -12.1% | 0.6% | -1.3% |
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Open OESX in InvestinglyQuestions
What was OESX's revenue in 2026?
$86M in fiscal 2026, from its 10-K filing.
How much free cash flow does OESX generate?
-$1M in fiscal 2026 (operating cash flow minus capital spending).
From OESX's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.