SEGMENTS

3 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

SEGMENTS

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 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.

Electric Vehicle Charging Segment

The Electric Vehicle Charging 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 (dollars in thousands).

	Revenues				Operating Loss						Total Assets
	For the Three Months Ended June 30,				For the Three Months Ended June 30,
	2024		2023		2024			2023			June 30, 2024		March 31, 2024
Segments:
Lighting Segment	$	12,751	$	12,621	$	(1,206	)	$	(766	)	$	23,785	$	25,911
Maintenance Segment		3,324		3,754		(976	)		(1,840	)		5,856		8,827
Electric Vehicle Charging Segment		3,831		1,238		(231	)		(1,934	)		14,812		15,291
Corporate and Other		—		—		(1,019	)		(1,857	)		15,302		13,140
	$	19,906	$	17,613	$	(3,432	)	$	(6,397	)	$	59,755	$	63,169