Orion Energy Systems (OESX) 10-Q 5 Aug 22 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2022	Jul. 29, 2022
Cover [Abstract]
Entity Registrant Name	Orion Energy Systems, Inc.
Entity Central Index Key	0001409375
Document Type	10-Q
Document Period End Date	Jun. 30, 2022
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--03-31
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Common Stock, Shares Outstanding		31,250,071
Entity File Number	001-33887
Entity Tax Identification Number	39-1847269
Entity Address, Address Line One	2210 Woodland Drive
Entity Address, City or Town	Manitowoc
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	54220
City Area Code	920
Local Phone Number	892-9340
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	WI
Document Quarterly Report	true
Document Transition Report	false
Title of 12(b) Security	Common stock, no par value
Trading Symbol	OESX
Security Exchange Name	NASDAQ

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022
Assets
Cash and cash equivalents	$ 9,424	$ 14,466
Accounts receivable, net	11,735	11,899
Revenue earned but not billed	1,894	2,421
Inventories, net	18,753	19,832
Prepaid expenses and other current assets	2,624	2,631
Total current assets	44,430	51,249
Property and equipment, net	11,061	11,466
Goodwill	622	350
Other intangible assets, net	2,330	2,404
Deferred tax assets	18,783	17,805
Other long-term assets	3,375	3,543
Total assets	80,601	86,817
Liabilities and Shareholders’ Equity
Accounts payable	7,411	9,855
Accrued expenses and other	7,362	8,427
Deferred revenue, current	127	76
Current maturities of long-term debt	16	16
Total current liabilities	14,916	18,374
Long-term debt, less current maturities	15	19
Deferred revenue, long-term	545	564
Other long-term liabilities	2,553	2,760
Total liabilities	18,029	21,717
Commitments and contingencies
Shareholders’ equity:
Preferred stock, $0.01 par value: Shares authorized: 30,000,000 at June 30, 2022 and March 31, 2022; no shares issued and outstanding at June 30, 2022 and March 31, 2022	0	0
Common stock, no par value: Shares authorized: 200,000,000 at June 30, 2022 and March 31, 2022; shares issued: 40,723,299 at June 30, 2022 and 40,570,909 at March 31, 2022; shares outstanding: 31,250,071 at June 30, 2022 and 31,097,872 at March 31, 2022	0	0
Additional paid-in capital	158,727	158,419
Treasury stock, common shares: 9,476,228 at June 30, 2022 and 9,473,037 at March 31, 2022	(36,240)	(36,239)
Retained deficit	(59,915)	(57,080)
Total shareholders’ equity	62,572	65,100
Total liabilities and shareholders’ equity	$ 80,601	$ 86,817

UNAUDITED CONDENSED CONSOLIDA_2

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2022	Mar. 31, 2022
Statement Of Financial Position [Abstract]
Preferred stock, par value (USD per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	30,000,000	30,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (USD per share)
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	40,723,299	40,570,909
Common stock, shares outstanding (in shares)	31,250,071	31,097,872
Treasury stock (in shares)	9,476,228	9,473,037

UNAUDITED CONDENSED CONSOLIDA_3

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Revenues	$ 17,906	$ 35,101
Cost of revenue	14,352	24,871
Gross profit	3,554	10,230
Operating expenses:
General and administrative	3,754	3,111
Acquisition costs	14
Sales and marketing	2,889	3,245
Research and development	514	456
Total operating expenses	7,171	6,812
(Loss) income from operations	(3,617)	3,418
Other income (expense):
Other (expense) income	(1)	1
Interest expense	(17)	(19)
Amortization of debt issue costs	(15)	(16)
Total other expense	(33)	(34)
(Loss) income before income tax	(3,650)	3,384
Income tax (benefit) expense	(815)	874
Net (loss) income	$ (2,835)	$ 2,510
Basic net (loss) income per share attributable to common shareholders	$ (0.09)	$ 0.08
Weighted-average common shares outstanding	31,138,398	30,860,178
Diluted net (loss) income per share	$ (0.09)	$ 0.08
Weighted-average common shares and share equivalents outstanding	31,138,398	31,289,924
Product revenue
Revenues	$ 13,483	$ 28,246
Cost of revenue	10,385	19,433
Service revenue
Revenues	4,423	6,855
Cost of revenue	$ 3,967	$ 5,438

UNAUDITED CONDENSED CONSOLIDA_4

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock, Shares	Common Stock, Additional Paid-in Capital	Treasury Stock	Retained Deficit
Shareholders' equity, beginning of period at Mar. 31, 2021	$ 58,074		$ 157,485	$ (36,240)	$ (63,171)
Shareholders' equity, beginning of period (Shares) at Mar. 31, 2021		30,805,300
Exercise of stock options for cash	101		101
Exercise of stock options for cash (shares)		24,045
Shares issued under Employee Stock Purchase Plan	3			3
Shares issued under Employee Stock Purchase Plan (shares)		496
Stock-based compensation	160		160
Stock-based compensation (shares)		171,470
Employee tax withholdings on stock-based compensation	(4)			(4)
Employee tax withholdings on stock-based compensation (shares)		(610)
Net income (loss)	2,510				2,510
Shareholders' equity, end of period at Jun. 30, 2021	60,844		157,746	(36,241)	(60,661)
Shareholders' equity, at end of period (shares) at Jun. 30, 2021		31,000,701
Shareholders' equity, beginning of period at Mar. 31, 2022	65,100		158,419	(36,239)	(57,080)
Shareholders' equity, beginning of period (Shares) at Mar. 31, 2022		31,097,872
Exercise of stock options for cash	54		54
Exercise of stock options for cash (shares)		26,646
Shares issued under Employee Stock Purchase Plan	$ 1			1
Shares issued under Employee Stock Purchase Plan (shares)	443	443
Stock-based compensation	$ 254		254
Stock-based compensation (shares)		125,744
Employee tax withholdings on stock-based compensation	(2)			(2)
Employee tax withholdings on stock-based compensation (shares)		(634)
Net income (loss)	(2,835)				(2,835)
Shareholders' equity, end of period at Jun. 30, 2022	$ 62,572		$ 158,727	$ (36,240)	$ (59,915)
Shareholders' equity, at end of period (shares) at Jun. 30, 2022		31,250,071

UNAUDITED CONDENSED CONSOLIDA_5

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating activities
Net (loss) income	$ (2,835)	$ 2,510
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Depreciation	354	309
Amortization of intangible assets	52	67
Stock-based compensation	254	160
Amortization of debt issue costs	15	16
Deferred income tax	(978)	872
Gain on sale of property and equipment	(1)
Provision for inventory reserves	100	134
Other	(9)
Changes in operating assets and liabilities:
Accounts receivable	109	(5,934)
Revenue earned but not billed	527	1,886
Inventories	979	(1,232)
Prepaid expenses and other assets	160	251
Accounts payable	(2,491)	1,447
Accrued expenses and other	(1,273)	(3,550)
Deferred revenue, current and long-term	32	98
Net cash used in operating activities	(5,005)	(2,966)
Investing activities
Cash to fund acquisition	55
Cash paid for investment		(500)
Purchases of property and equipment	(139)	(152)
Additions to patents and licenses	(1)	(4)
Net cash used in investing activities	(85)	(656)
Financing activities
Payment of long-term debt	(4)	(4)
Payments to settle employee tax withholdings on stock-based compensation	(2)	(4)
Deferred financing costs		(4)
Net proceeds from employee equity exercises	54	104
Net cash provided by financing activities	48	92
Net decrease in cash and cash equivalents	(5,042)	(3,530)
Cash and cash equivalents at beginning of period	14,466	19,393
Cash and cash equivalents at end of period	$ 9,424	$ 15,863

DESCRIPTION OF BUSINESS

DESCRIPTION OF BUSINESS	3 Months Ended
	Jun. 30, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS	NOTE 1 — DESCRIPTION OF BUSINESS Orion includes Orion Energy Systems, Inc., a Wisconsin corporation, and all consolidated subsidiaries. Orion is a developer, manufacturer and provider of energy-efficient LED lighting, controls and Internet of Things (“IoT”) systems, including turnkey project implementation, program management and system maintenance to commercial and industrial businesses, and federal and local governments, predominantly in North America.

IMPACT OF COVID-19

IMPACT OF COVID-19	3 Months Ended
	Jun. 30, 2022
Extraordinary And Unusual Items [Abstract]
IMPACT OF COVID-19	NOTE 2 — IMPACT OF COVID-19 The COVID-19 pandemic has disrupted business, trade, commerce, financial and credit markets, in the U.S. and globally. Orion’s business was adversely impacted by measures taken by customers, suppliers, government entities and others to control the spread of the virus beginning in March 2020, the last few weeks of Orion’s 2020 fiscal year, and continuing most significantly into the second quarter of fiscal 2021. During the third quarter of fiscal 2021, Orion experienced a rebound in business as project installations resumed for its largest customer. However, potential future risks remain due to the COVID-19 pandemic. It is not possible to predict the overall impact, including the economic and regulatory impact, the COVID-19 pandemic will have on Orion’s business, liquidity, capital resources or financial results. If the COVID-19 pandemic becomes more pronounced in Orion’s markets or experiences a resurgence in markets recovering from the spread of COVID-19, Orion’s results of operation would likely be materially adversely affected.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The consolidated financial statements include the accounts of Orion and its wholly-owned subsidiaries. All significant intercompany transactions and balances have been eliminated in consolidation. Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements of Orion have been prepared in accordance with accounting principles generally accepted in the United States (GAAP) for interim financial information and with the rules and regulations of the Securities and Exchange Commission (SEC). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair statement have been included. Interim results are not necessarily indicative of results that may be expected for the fiscal year ending March 31, 2023 or other interim periods. The Condensed Consolidated Balance Sheet March 31, 2022 has been derived from the audited consolidated financial statements at that date but does not include all of the information required by GAAP for complete financial statements. The accompanying unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited consolidated financial statements and footnotes thereto included in Orion’s Annual Report on Form 10-K for the fiscal year ended March 31, 2022 filed with the SEC on June 10, 2022. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during that reporting period. Areas that require the use of significant management estimates include revenue recognition, inventory obsolescence, allowance for doubtful accounts, accruals for warranty and loss contingencies, income taxes, impairment analyses, and certain equity transactions. Accordingly, actual results could differ from those estimates. Concentration of Credit Risk and Other Risks and Uncertainties Orion's cash is primarily deposited with one financial institution. At times, deposits in this institution exceeds the amount of insurance provided on such deposits. Orion has not experienced any losses in such accounts and believes that it is not exposed to any significant financial institution viability risk on these balances. Orion purchases components necessary for its lighting products, including lamps and LED components, from multiple suppliers. For the three months ended June 30, 2022, no suppliers accounted for more than 10.0% of total cost of revenue. For the three months ended June 30, 2021, one supplier accounted for 12.8% of total cost of revenue. For the three months ended June 30, 2022, one customer accounted for 13.8% of total revenue. For the three months ended June 30, 2021, two customers accounted for 50.9 % and 14.2% of total revenue, respectively. As of June 30, 2022, one customer accounted for 10.8% of accounts receivable. As of March 31, 2022, two customers accounted for 11.8% and 10.4% of accounts receivable, respectively. Recent Accounting Pronouncements Issued: Not Yet Adopted In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), which requires an entity to assess impairment of its financial instruments based on its estimate of expected credit losses. Since the issuance of ASU 2016-13, the FASB released several amendments to improve and clarify the implementation guidance. The provisions of ASU 2016-13 and the related amendments are effective for Orion for fiscal years (and interim reporting periods within those years) beginning after December 15, 2022. Entities are required to apply these changes through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. Orion is currently evaluating the impact of adoption of this standard on its consolidated statements of operations, cash flows and the related footnote disclosures.

REVENUE

REVENUE	3 Months Ended
	Jun. 30, 2022
Revenue From Contract With Customer [Abstract]
REVENUE	NOTE 4 — REVENUE Orion generates revenue primarily by selling manufactured or sourced commercial lighting fixtures and components, installing these fixtures in customer’s facilities, and providing maintenance services including repairs and replacements for the lighting and related electrical components. Orion recognizes revenue in accordance with the guidance in “Revenue from Contracts with Customers” (Topic 606) (“ASC 606”) when control of the goods or services being provided (which we refer to as a performance obligation) is transferred to a customer at an amount that reflects the consideration Orion expects to receive in exchange for those goods or services. During the fourth quarter of fiscal 2022, Orion acquired Stay-Lite Lighting, which provides lighting and electrical services. The results of Stay-Lite Lighting are included in the Orion Services Group segment and accelerate the growth of Orion’s maintenance services customer offering. The disaggregated revenue table provides total revenue from the maintenance services offering. Revenue from the maintenance offering that includes both the sale of Orion manufactured or sourced product and service is allocated between the product and service performance obligations based on relative standalone selling prices, and is recorded in Product revenue and Service revenue, respectively, in the Condensed Consolidated Statement of Operations. The following tables provide detail of Orion’s total revenue for the three months ended June 30, 2022 and June 30, 2021 (dollars in thousands): Three Months Ended June 30, 2022 Product Services Total Revenue from contracts with customers: Lighting product and installation $ 12,404 $ 1,358 $ 13,762 Maintenance services 989 3,065 4,054 Solar energy related revenues — — — Total revenues from contracts with customers 13,393 4,423 17,816 Revenue accounted for under other guidance 90 — 90 Total revenue $ 13,483 $ 4,423 $ 17,906 Three Months Ended June 30, 2021 Product Services Total Revenue from contracts with customers: Lighting product and installation $ 27,359 $ 6,661 $ 34,020 Maintenance services 98 194 292 Solar energy related revenues 16 — 16 Total revenues from contracts with customers 27,473 6,855 34,328 Revenue accounted for under other guidance 773 — 773 Total revenue $ 28,246 $ 6,855 $ 35,101 From time to time, Orion sells the receivables from one customer to a financing institution. The was no activity during the three months ended June 30, 2022. The total amount received from the sales of these receivables during the three months ended June 30, 2021 was $2.4 million. Orion’s losses on these sales were $2 thousand, for the three months ended June 30, 2021 and are included in Interest expense in the Condensed Consolidated Statement of Operations. The following chart shows the balance of Orion’s receivables arising from contracts with customers, contract assets and contract liabilities as of June 30, 2022 and March 31, 2022 (dollars in thousands): June 30, 2022 March 31, 2022 Accounts receivable, net $ 11,735 $ 11,899 Contract assets $ 1,704 $ 1,966 Contract liabilities $ (52 ) $ — There were no significant changes in the contract assets outside of standard reclassifications to accounts receivable, net upon billing. There were no significant changes to contract liabilities.

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET	3 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
ACCOUNTS RECEIVABLE, NET	NOTE 5 — ACCOUNTS RECEIVABLE, NET As of June 30, 2022, and March 31, 2022, Orion's accounts receivable and allowance for doubtful accounts balances were as follows (dollars in thousands): June 30, 2022 March 31, 2022 Accounts receivable, gross $ 11,753 $ 11,907 Allowance for doubtful accounts (18 ) (8 ) Accounts receivable, net $ 11,735 $ 11,899

INVENTORIES, NET

INVENTORIES, NET	3 Months Ended
	Jun. 30, 2022
Inventory Disclosure [Abstract]
INVENTORIES, NET	NOTE 6 — INVENTORIES, NET As of June 30, 2022, and March 31, 2022, Orion's inventory balances were as follows (dollars in thousands): Cost Excess and Obsolescence Reserve Net As of June 30, 2022 Raw materials and components $ 10,462 $ (799 ) $ 9,663 Work in process 1,356 (178 ) 1,178 Finished goods 8,506 (594 ) 7,912 Total $ 20,324 $ (1,571 ) $ 18,753 As of March 31, 2022 Raw materials and components $ 10,781 $ (1,140 ) $ 9,641 Work in process 1,529 (267 ) 1,262 Finished goods 9,593 (664 ) 8,929 Total $ 21,903 $ (2,071 ) $ 19,832

PREPAID EXPENSES AND OTHER CURR

PREPAID EXPENSES AND OTHER CURRENT ASSETS	3 Months Ended
	Jun. 30, 2022
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
PREPAID EXPENSES AND OTHER CURRENT ASSETS	NOTE 7 — PREPAID EXPENSES AND OTHER CURRENT ASSETS As of June 30, 2022, and March 31, 2022, prepaid expenses and other current assets include the following (dollars in thousands): June 30, 2022 March 31, 2022 Payroll tax credit $ 1,587 $ 1,587 Other prepaid expenses 1,037 1,044 Total $ 2,624 $ 2,631

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	3 Months Ended
	Jun. 30, 2022
Property Plant And Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	NOTE 8 — PROPERTY AND EQUIPMENT, NET As of June 30, 2022, and March 31, 2022, property and equipment, net, included the following (dollars in thousands): June 30, 2022 March 31, 2022 Land and land improvements $ 433 $ 433 Buildings and building improvements 9,491 9,491 Furniture, fixtures and office equipment 7,690 7,650 Leasehold improvements 490 490 Equipment leased to customers 4,997 4,997 Plant equipment 11,135 11,130 Vehicles 568 796 Construction in Progress 134 3 Gross property and equipment 34,938 34,990 Less: accumulated depreciation (23,877 ) (23,524 ) Total property and equipment, net $ 11,061 $ 11,466

LEASES

LEASES	3 Months Ended
	Jun. 30, 2022
Leases [Abstract]
LEASES	NOTE 9 — LEASES From time to time, Orion leases assets from third parties. Orion also leases certain assets to third parties. Orion accounts for leases in accordance with ASC 842. Under ASC 842, both finance and operating lease ROU assets and lease liabilities for leases with initial terms in excess of 12 months are recognized at the commencement date based on the present value of lease payments over the lease term. Orion recognizes lease expense for leases with an initial term of 12 months or less, referred to as short term leases, on a straight-line basis over the lease term. A summary of Orion’s assets leased from third parties follows (dollars in thousands): Balance sheet classification June 30, 2022 March 31, 2022 Assets Operating lease assets Other long-term assets $ 2,283 $ 2,440 Liabilities Current liabilities Operating lease liabilities Accrued expenses and other $ 784 $ 768 Non-current liabilities Operating lease liabilities Other long-term liabilities 2,068 2,271 Total lease liabilities $ 2,852 $ 3,039 Orion had operating lease costs of $0.3 million for the three months ended June 30, 2022. Orion had operating lease costs of $0.2 million for the three months ended June 30, 2021. The estimated maturity of lease liabilities for each of the next five years is shown below (dollars in thousands): Maturity of Lease Liabilities Operating Leases Fiscal 2023 $ 857 Fiscal 2024 838 Fiscal 2025 828 Fiscal 2026 722 Fiscal 2027 71 Total lease payments $ 3,316 Less: Interest (464 ) Present value of lease liabilities $ 2,852 Assets Orion Leases to Other Parties One of Orion’s frequent customers purchases products and installation services under agreements that provide for monthly payments, at a fixed monthly amount, of the contract price, plus interest, typically over a five-year period. While Orion retains ownership of the light fixtures during the financing period, the transaction terms and the underlying economics associated with used lighting fixtures results in Orion essentially ceding ownership of the lighting fixtures to the customer after completion of the agreement. The portions of the transaction associated with the sale of the light fixtures is accounted for as a sales-type lease under ASC 842. The total transaction price in these contracts is allocated between the lease and non-lease components in the same manner as the total transaction price of other turnkey projects containing lighting fixtures and installation services. Revenues, and production and acquisition costs, associated with sales-type leases are included in Product revenue and Costs of product revenues in the Condensed Consolidated Statement of Operations. The following chart shows the amount of revenue and cost of sales arising from sales-type leases during the three months ended June 30, 2022 and June 30, 2021 (dollars in thousands): Three Months Ended June 30, 2022 2021 Product revenue $ — $ 552 Cost of product revenue $ — $ 480

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS, NET	3 Months Ended
	Jun. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS, NET	NOTE 10 — GOODWILL AND OTHER INTANGIBLE ASSETS, NET Orion has $0.6 million of goodwill related to its purchase of Stay-Light Lighting during fiscal year 2022, which has an indefinite life. The goodwill is assigned to the Orion Services Group reporting unit. Goodwill increased by $0.2 million to $0.6 million as compared to March 31, 2022. This increase is due to updates to purchase accounting within the measurement period. See Note 19 – Acquisition for further discussion of the Stay-Lite Lighting acquisition. As of June 30, 2022, and March 31, 2022, the components of, and changes in, the carrying amount of other intangible assets, net, were as follows (dollars in thousands): June 30, 2022 March 31, 2022 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Amortized Intangible Assets Patents $ 2,620 $ (1,927 ) $ 693 $ 2,652 $ (1,932 ) $ 720 Licenses 58 (58 ) — 58 (58 ) — Trade name and trademarks 164 (16 ) 148 118 (6 ) 112 Customer relationships 4,109 (3,632 ) 477 4,178 (3,618 ) 560 Developed technology 900 (900 ) — 900 (900 ) — Total Amortized Intangible Assets $ 7,851 $ (6,533 ) $ 1,318 $ 7,906 $ (6,514 ) $ 1,392 Indefinite-lived Intangible Assets Trade name and trademarks $ 1,012 $ — $ 1,012 $ 1,012 $ — $ 1,012 Total Amortized Intangible Assets $ 1,012 $ — $ 1,012 $ 1,012 $ — $ 1,012 Amortization expense on intangible assets was $0.1 million for the three months ended June 30, 2022. Amortization expense on intangible assets was $0.1 million for the three months ended June 30, 2021. As of June 30, 2022, the weighted average remaining useful life of intangible assets was 8.5 years. The estimated amortization expense for the remainder of fiscal 2022, the next five fiscal years and beyond is shown below (dollars in thousands): Fiscal 2023 (period remaining) $ 155 Fiscal 2024 203 Fiscal 2025 193 Fiscal 2026 184 Fiscal 2027 163 Fiscal 2028 118 Thereafter 302 Total $ 1,318

ACCRUED EXPENSES AND OTHER

ACCRUED EXPENSES AND OTHER	3 Months Ended
	Jun. 30, 2022
Other Liabilities Disclosure [Abstract]
ACCRUED EXPENSES AND OTHER	NOTE 11 — ACCRUED EXPENSES AND OTHER As of June 30, 2022, and March 31, 2022, accrued expenses and other included the following (dollars in thousands): June 30, 2022 March 31, 2022 Other accruals $ 2,266 $ 2,221 Compensation and benefits 1,598 1,668 Accrued project costs 1,307 2,215 Credits due to customers 884 1,209 Warranty 684 728 Legal and professional fees 264 106 Sales tax 222 157 Sales returns reserve 137 123 Total $ 7,362 $ 8,427 Orion generally offers a limited warranty of one to ten years on its lighting products, including the pass through of standard warranties offered by major original equipment component manufacturers. The manufacturers’ warranties cover lamps, power supplies, LED modules, chips and drivers, control devices, and other fixture related items, which are significant components in Orion's lighting products. Changes in Orion’s warranty accrual (both current and long-term) were as follows (dollars in thousands): For the Three Months Ended June 30, 2022 2021 Beginning of period $ 860 $ 1,009 Accruals 167 117 Warranty claims (net of vendor reimbursements) (216 ) (88 ) End of period $ 811 $ 1,038

NET (LOSS) INCOME PER COMMON SH

NET (LOSS) INCOME PER COMMON SHARE	3 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
NET (LOSS) INCOME PER COMMON SHARE	NOTE 12 — NET (LOSS) INCOME PER COMMON SHARE Basic net income per common share is computed by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding for the period and does not consider common stock equivalents. Diluted net income per common share reflects the dilution that would occur if stock options were exercised and restricted shares vested. In the computation of diluted net income per common share, Orion uses the treasury stock method for outstanding options and restricted shares. For the three months ended June 30, 2022, Orion was in a net loss position; therefore, the Basic and Diluted weighted-average shares outstanding are equal because any increase to the basic shares would be anti-dilutive. Net income per common share is calculated based upon the following shares: For the Three Months Ended June 30, 2022 2021 Numerator: Net (loss) income (in thousands) $ (2,835 ) $ 2,510 Denominator: Weighted-average common shares outstanding 31,138,398 30,860,178 Weighted-average common shares and common share equivalents outstanding 31,138,398 31,289,924 Net (loss) income per common share: Basic $ (0.09 ) $ 0.08 Diluted $ (0.09 ) $ 0.08 The following table indicates the number of potentially dilutive securities excluded from the calculation of Diluted net income per common share because their inclusion would have been anti-dilutive. The number of shares is as of the end of each period: For the Three Months Ended June 30, 2022 2021 Common stock options — — Restricted shares — 26,205 Total — 26,205

LONG-TERM DEBT

LONG-TERM DEBT	3 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
LONG-TERM DEBT	NOTE 13 — LONG-TERM DEBT Long-term debt consisted of the following (dollars in thousands): June 30, 2022 March 31, 2022 Revolving credit facility $ — $ — Equipment debt obligations 31 35 Total long-term debt 31 35 Less current maturities (16 ) (16 ) Long-term debt, less current maturities $ 15 $ 19 Revolving Credit Agreement On December 29, 2020, Orion entered into a new $25 million Loan and Security Agreement with Bank of America, N.A., as lender (the “Credit Agreement”). The Credit Agreement replaced Orion’s prior $20.15 million secured revolving credit and security agreement (the “Prior Credit Agreement”). The replacement of the Prior Credit Agreement with the Credit Agreement provides Orion with increased financing capacity and liquidity to fund its operations and implement its strategic plans. The Credit Agreement provides for a five-year As of June 30, 2022 , Orion was in compliance with all debt covenants. Equipment Debt Obligations In February 2019, Orion entered into additional debt agreements with a financing company in the principal amount of $44 thousand and $30 thousand to fund the purchase of certain equipment. The debts are secured by the related equipment. The debts bear interest at a rate of 6.43% and 8.77% per annum, respectively, and both debts mature in January 2024.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 14 — INCOME TAXES Orion’s income tax provision was determined by applying an estimated annual effective tax rate, based upon the facts and circumstances known, to book income (loss) before income tax, adjusting for discrete items. Orion’s actual effective tax rate is adjusted each interim period, as appropriate, for changes in facts and circumstances. For the three months ended June 30, 2022 and 2021, Orion recorded income tax (benefit)/expense of $(0.8) million and $0.9 million, respectively, using this methodology. As of June 30, 2022 and March 31, 2022, Orion has a recorded valuation allowance of $1.2 million against its net deferred tax asset balance. As of each reporting date, management considers new evidence, both positive and negative, that could affect its view of the future realization of deferred tax assets. Orion considers future taxable income and ongoing prudent and feasible tax planning strategies in assessing the need for the valuation allowance. In the event that Orion determines that the more or less of its deferred tax assets are able to be realized, an adjustment to the valuation allowance would be reflected in the company’s provision for income taxes. Uncertain Tax Positions As of June 30, 2022, Orion’s balance of gross unrecognized tax benefits was approximately $0.2 million, all of which would reduce Orion’s effective tax rate if recognized. Orion has classified the amounts recorded for uncertain tax benefits in the balance sheet as Other long-term liabilities to the extent that payment is not anticipated within one year. Orion recognizes penalties and interest related to uncertain tax liabilities in income tax (benefit) expense. Penalties and interest are included in the unrecognized tax benefits.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Jun. 30, 2022
Commitments And Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 15 — COMMITMENTS AND CONTINGENCIES Litigation Orion is subject to various claims and legal proceedings arising in the ordinary course of business. Orion does not believe the final resolution of any of such claims or legal proceedings will have a material adverse effect on Orion’s future results of operations or financial condition. State Tax Assessment During fiscal year 2018, Orion was notified of a pending sales and use tax audit by the Wisconsin Department of Revenue for the period covering April 1, 2013 through March 31, 2017. This sales and use tax audit was settled during the quarter ended June 30, 2022 with no tax adjustment.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	3 Months Ended
	Jun. 30, 2022
Stockholders Equity Note [Abstract]
SHAREHOLDERS' EQUITY	NOTE 16 — SHAREHOLDERS’ EQUITY Shareholder Rights Plan On January 3, 2019, Orion entered into Amendment No. 1 to the Rights Agreement, which amended the Rights Agreement dated as of January 7, 2009 and extended its terms by three years to January 7, 2022. In December 2021, Orion’s Board of Directors announced that it had decided to allow the Rights Agreement to terminate and expire by its terms on January 7, 2022 . Employee Stock Purchase Plan In August 2010, Orion’s Board of Directors approved a non-compensatory employee stock purchase plan, or “ESPP”. In the three months ended June 30, 2022, Orion issued 443 shares under the ESPP plan at a closing market price of $2.01. Sale of shares In March 2020, Orion filed a universal shelf registration statement with the Securities and Exchange Commission. Under the shelf registration statement, Orion currently has the flexibility to publicly offer and sell from time to time up to $100 million of debt and/or equity securities. The filing of the shelf registration statement may help facilitate Orion’s ability to raise public equity or debt capital to expand existing businesses, fund potential acquisitions, invest in other growth opportunities, repay existing debt, or for other general corporate purposes. In March 2021, Orion entered into an At Market Issuance Sales Agreement to undertake an “at the market” (ATM) public equity capital raising program pursuant to which Orion may offer and sell shares of common stock from time to time, having an aggregate offering price of up to $50 million. No share sales were effected pursuant to the ATM program through June 30, 2022.

STOCK OPTIONS AND RESTRICTED SH

STOCK OPTIONS AND RESTRICTED SHARES	3 Months Ended
	Jun. 30, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
STOCK OPTIONS AND RESTRICTED SHARES	NOTE 17 — STOCK OPTIONS AND RESTRICTED SHARES At Orion’s 2019 annual meeting of shareholders held on August 7, 2019, Orion’s shareholders approved the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan, as amended and restated (the “Amended 2016 Plan”). The Amended 2016 Plan increased the number of shares of Orion’s common stock available for issuance under the Amended 2016 Plan from 1,750,000 shares to 3,500,000 shares (an increase of 1,750,000 shares); added a minimum vesting period for all awards granted under the Amended 2016 Plan (with limited exceptions); and added a specific prohibition on the payment of dividends and dividend equivalents on unvested awards. The Amended 2016 Plan authorizes grants of equity-based and incentive cash awards to eligible participants designated by the Plan's administrator. Awards under the Amended 2016 Plan may consist of stock options, stock appreciation rights, performance shares, performance units, common stock, restricted stock, restricted stock units, incentive awards or dividend equivalent units. Prior to the 2016 Omnibus Incentive Plan, Orion maintained its 2004 Stock and Incentive Awards Plan, as amended, which authorized the grant of cash and equity awards to employees (the “2004 Plan”). No new awards are being granted under the 2004 Plan; however, all awards granted under the 2004 Plan that are outstanding will continue to be governed by the 2004 Plan. Forfeited awards originally issued under the 2004 Plan are canceled and are not available for subsequent issuance under the 2004 Plan or under the Amended 2016 Plan. The Amended 2016 Plan and the 2004 Plan also permit accelerated vesting in the event of certain changes of control of Orion as well as under other special circumstances. Certain non-employee directors have from time to time elected to receive stock awards in lieu of cash compensation pursuant to elections made under Orion’s non-employee director compensation program. The following amounts of stock-based compensation were recorded (dollars in thousands): For the Three Months Ended June 30, 2022 2021 Cost of product revenue $ 1 $ 1 General and administrative 250 155 Sales and marketing 2 3 Research and development 1 1 Total $ 254 $ 160 During the first three months of fiscal 2022, Orion had the following activity related to its stock-based compensation: Restricted Shares Stock Options Awards outstanding at March 31, 2022 450,458 142,428 Awards granted 756,738 — Awards vested or exercised (125,744 ) (26,646 ) Awards forfeited — — Awards outstanding at June 30, 2022 1,081,452 115,782 Per share weighted average price on grant date $ 2.18 — As of June 30, 2022, the amount of deferred stock-based compensation expense to be recognized, over a remaining period of 3.0 years, was approximately $2.1 million.

SEGMENTS

SEGMENTS	3 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
SEGMENTS	NOTE 18 — SEGMENTS Orion has the following business segments: Orion Services Group Division ("OSG"), Orion Distribution Services Division ("ODS"), and Orion U.S. Markets Division ("USM"). The accounting policies are the same for each business segment as they are on a consolidated basis. Orion Services Group Division The OSG segment develops and sells lighting products and provides construction, engineering along with installation and maintenance services for Orion's commercial lighting and energy management systems. OSG provides engineering, design, lighting products and in many cases turnkey solutions for large national accounts, governments, municipalities, schools and other customers. Orion Distribution Services Division The ODS segment sells lighting products through manufacturer representative agencies and a network of North American broadline electrical distributors and contractors. Orion U.S. Markets Division The USM segment sells commercial lighting systems and energy management systems to contractors and energy service companies ("ESCOs"). Corporate and Other Corporate and Other is comprised of operating expenses not directly allocated to Orion’s segments and adjustments to reconcile to consolidated results (dollars in thousands). Revenues Operating Income (Loss) For the Three Months Ended June 30, For the Three Months Ended June 30, 2022 2021 2022 2021 Segments: Orion Services Group $ 9,035 $ 21,988 $ (2,229 ) $ 1,864 Orion Distribution Services 4,826 9,286 (51 ) 2,122 Orion U.S. Markets 4,045 3,827 186 651 Corporate and Other — — (1,523 ) (1,219 ) $ 17,906 $ 35,101 $ (3,617 ) $ 3,418

ACQUISITION

ACQUISITION	3 Months Ended
	Jun. 30, 2022
Business Combinations [Abstract]
ACQUISITION	NOTE 19 — ACQUISITION Effective on January 1, 2022, Orion acquired all of the issued and outstanding capital stock of Stay-Lite Lighting, Inc. (“Stay-Lite Lighting”), a nationwide lighting and electrical maintenance service provider, for $4.3 million (the “Stay-Lite Acquisition”). Stay-Lite Lighting will operate as Stay-Lite Lighting, an Orion Energy Systems business. The acquisition accelerates the growth of Orion's maintenance services offerings through its Orion Services Group, which provides lighting and electrical services to customers. Orion has accounted for this transaction as a business combination. Orion has preliminarily allocated the purchase price of approximately $4.3 million, which includes an estimate of the earn-out liability of $0.2 million and $0.1 million for the working capital adjustment received in the first quarter fiscal 2023, to the assets acquired and liabilities assumed at estimated fair values, and the excess of the purchase price over the aggregate fair values is recorded as goodwill. Orion could pay up to $0.7 million in earnout related purchase price, which is based on performance during the current and following calendar years. Orion is in the process of finalizing third party valuations of property and equipment and intangible assets and related tax impacts. The preliminary allocation of the purchase consideration to the fair value of the assets acquired and liabilities assumed as of January 1, 2022, is as follows (dollars in thousands): Cash $ 95 Accounts receivable 2,690 Revenue earned but not billed 342 Inventory 504 Prepaid expenses and other current assets 41 Property and equipment 725 Goodwill 622 Other intangible assets 673 Other long-term assets 537 Accounts payable (965 ) Accrued expenses and other (550 ) Other long-term liabilities (411 ) Net purchase consideration 4,303 Goodwill recorded from the acquisition of Stay-Lite Lighting is attributable to the expected synergies from the business combination. The goodwill resulting from the acquisition is deductible for tax purposes. The intangible assets include amounts recognized for the fair value of the trade name and customer relationships. The fair value of the intangible assets was determined based upon the income (discounted cash flow) approach. The following table presents the details of the intangible assets acquired at the date of acquisition (dollars in thousands): Estimated Fair Value Estimated Useful Life (Years) Tradename $ 164 5 Customer relationships 509 8 Transaction costs related to the acquisition totaled $0.5 million in fiscal 2022 and $14 thousand in the first quarter fiscal 2023 and are recorded in acquisition costs in the consolidated statements of operations. Stay-Lite Lighting’s post-acquisition results of operations since January 1, 2022 are included in the Orion’s Consolidated Statements of Operations. The operating results of Stay-Lite Lighting are included in the Orion Services Group segment.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 20 — SUBSEQUENT EVENTS Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements. Non-recognized subsequent events are events that provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of Orion and its wholly-owned subsidiaries. All significant intercompany transactions and balances have been eliminated in consolidation.
Basis of Presentation	Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements of Orion have been prepared in accordance with accounting principles generally accepted in the United States (GAAP) for interim financial information and with the rules and regulations of the Securities and Exchange Commission (SEC). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair statement have been included. Interim results are not necessarily indicative of results that may be expected for the fiscal year ending March 31, 2023 or other interim periods. The Condensed Consolidated Balance Sheet March 31, 2022 has been derived from the audited consolidated financial statements at that date but does not include all of the information required by GAAP for complete financial statements. The accompanying unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited consolidated financial statements and footnotes thereto included in Orion’s Annual Report on Form 10-K for the fiscal year ended March 31, 2022 filed with the SEC on June 10, 2022.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during that reporting period. Areas that require the use of significant management estimates include revenue recognition, inventory obsolescence, allowance for doubtful accounts, accruals for warranty and loss contingencies, income taxes, impairment analyses, and certain equity transactions. Accordingly, actual results could differ from those estimates.
Concentration of Credit Risk and Other Risks and Uncertainties	Concentration of Credit Risk and Other Risks and Uncertainties Orion's cash is primarily deposited with one financial institution. At times, deposits in this institution exceeds the amount of insurance provided on such deposits. Orion has not experienced any losses in such accounts and believes that it is not exposed to any significant financial institution viability risk on these balances. Orion purchases components necessary for its lighting products, including lamps and LED components, from multiple suppliers. For the three months ended June 30, 2022, no suppliers accounted for more than 10.0% of total cost of revenue. For the three months ended June 30, 2021, one supplier accounted for 12.8% of total cost of revenue. For the three months ended June 30, 2022, one customer accounted for 13.8% of total revenue. For the three months ended June 30, 2021, two customers accounted for 50.9 % and 14.2% of total revenue, respectively. As of June 30, 2022, one customer accounted for 10.8% of accounts receivable. As of March 31, 2022, two customers accounted for 11.8% and 10.4% of accounts receivable, respectively.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Issued: Not Yet Adopted In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), which requires an entity to assess impairment of its financial instruments based on its estimate of expected credit losses. Since the issuance of ASU 2016-13, the FASB released several amendments to improve and clarify the implementation guidance. The provisions of ASU 2016-13 and the related amendments are effective for Orion for fiscal years (and interim reporting periods within those years) beginning after December 15, 2022. Entities are required to apply these changes through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. Orion is currently evaluating the impact of adoption of this standard on its consolidated statements of operations, cash flows and the related footnote disclosures.

REVENUE (Tables)

REVENUE (Tables)	3 Months Ended
	Jun. 30, 2022
Revenue From Contract With Customer [Abstract]
Disaggregation of Revenue	The following tables provide detail of Orion’s total revenue for the three months ended June 30, 2022 and June 30, 2021 (dollars in thousands): Three Months Ended June 30, 2022 Product Services Total Revenue from contracts with customers: Lighting product and installation $ 12,404 $ 1,358 $ 13,762 Maintenance services 989 3,065 4,054 Solar energy related revenues — — — Total revenues from contracts with customers 13,393 4,423 17,816 Revenue accounted for under other guidance 90 — 90 Total revenue $ 13,483 $ 4,423 $ 17,906 Three Months Ended June 30, 2021 Product Services Total Revenue from contracts with customers: Lighting product and installation $ 27,359 $ 6,661 $ 34,020 Maintenance services 98 194 292 Solar energy related revenues 16 — 16 Total revenues from contracts with customers 27,473 6,855 34,328 Revenue accounted for under other guidance 773 — 773 Total revenue $ 28,246 $ 6,855 $ 35,101
Summary of Contract Assets and Liabilities	The following chart shows the balance of Orion’s receivables arising from contracts with customers, contract assets and contract liabilities as of June 30, 2022 and March 31, 2022 (dollars in thousands): June 30, 2022 March 31, 2022 Accounts receivable, net $ 11,735 $ 11,899 Contract assets $ 1,704 $ 1,966 Contract liabilities $ (52 ) $ —

ACCOUNTS RECEIVABLE, NET (Table

ACCOUNTS RECEIVABLE, NET (Tables)	3 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Accounts Receivable and Allowance for Doubtful Accounts Balances	As of June 30, 2022, and March 31, 2022, Orion's accounts receivable and allowance for doubtful accounts balances were as follows (dollars in thousands): June 30, 2022 March 31, 2022 Accounts receivable, gross $ 11,753 $ 11,907 Allowance for doubtful accounts (18 ) (8 ) Accounts receivable, net $ 11,735 $ 11,899

INVENTORIES, NET (Tables)

INVENTORIES, NET (Tables)	3 Months Ended
	Jun. 30, 2022
Inventory Disclosure [Abstract]
Inventories	As of June 30, 2022, and March 31, 2022, Orion's inventory balances were as follows (dollars in thousands): Cost Excess and Obsolescence Reserve Net As of June 30, 2022 Raw materials and components $ 10,462 $ (799 ) $ 9,663 Work in process 1,356 (178 ) 1,178 Finished goods 8,506 (594 ) 7,912 Total $ 20,324 $ (1,571 ) $ 18,753 As of March 31, 2022 Raw materials and components $ 10,781 $ (1,140 ) $ 9,641 Work in process 1,529 (267 ) 1,262 Finished goods 9,593 (664 ) 8,929 Total $ 21,903 $ (2,071 ) $ 19,832

PREPAID EXPENSES AND OTHER CU_2

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)	3 Months Ended
	Jun. 30, 2022
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Summary of Prepaid Expenses and Other Current Assets	As of June 30, 2022, and March 31, 2022, prepaid expenses and other current assets include the following (dollars in thousands): June 30, 2022 March 31, 2022 Payroll tax credit $ 1,587 $ 1,587 Other prepaid expenses 1,037 1,044 Total $ 2,624 $ 2,631

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	3 Months Ended
	Jun. 30, 2022
Property Plant And Equipment [Abstract]
Property and Equipment, Net	As of June 30, 2022, and March 31, 2022, property and equipment, net, included the following (dollars in thousands): June 30, 2022 March 31, 2022 Land and land improvements $ 433 $ 433 Buildings and building improvements 9,491 9,491 Furniture, fixtures and office equipment 7,690 7,650 Leasehold improvements 490 490 Equipment leased to customers 4,997 4,997 Plant equipment 11,135 11,130 Vehicles 568 796 Construction in Progress 134 3 Gross property and equipment 34,938 34,990 Less: accumulated depreciation (23,877 ) (23,524 ) Total property and equipment, net $ 11,061 $ 11,466

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Summary of Assets Leased from Third Parties	A summary of Orion’s assets leased from third parties follows (dollars in thousands): Balance sheet classification June 30, 2022 March 31, 2022 Assets Operating lease assets Other long-term assets $ 2,283 $ 2,440 Liabilities Current liabilities Operating lease liabilities Accrued expenses and other $ 784 $ 768 Non-current liabilities Operating lease liabilities Other long-term liabilities 2,068 2,271 Total lease liabilities $ 2,852 $ 3,039
Summary of Estimated Maturity of Lease Liabilities	The estimated maturity of lease liabilities for each of the next five years is shown below (dollars in thousands): Maturity of Lease Liabilities Operating Leases Fiscal 2023 $ 857 Fiscal 2024 838 Fiscal 2025 828 Fiscal 2026 722 Fiscal 2027 71 Total lease payments $ 3,316 Less: Interest (464 ) Present value of lease liabilities $ 2,852
Schedule of Revenue and Cost of Sales Arising from Sales-Type Leases	The following chart shows the amount of revenue and cost of sales arising from sales-type leases during the three months ended June 30, 2022 and June 30, 2021 (dollars in thousands): Three Months Ended June 30, 2022 2021 Product revenue $ — $ 552 Cost of product revenue $ — $ 480

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables)	3 Months Ended
	Jun. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Summary of Components and Changes in Other Intangible Assets	As of June 30, 2022, and March 31, 2022, the components of, and changes in, the carrying amount of other intangible assets, net, were as follows (dollars in thousands): June 30, 2022 March 31, 2022 Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Amortized Intangible Assets Patents $ 2,620 $ (1,927 ) $ 693 $ 2,652 $ (1,932 ) $ 720 Licenses 58 (58 ) — 58 (58 ) — Trade name and trademarks 164 (16 ) 148 118 (6 ) 112 Customer relationships 4,109 (3,632 ) 477 4,178 (3,618 ) 560 Developed technology 900 (900 ) — 900 (900 ) — Total Amortized Intangible Assets $ 7,851 $ (6,533 ) $ 1,318 $ 7,906 $ (6,514 ) $ 1,392 Indefinite-lived Intangible Assets Trade name and trademarks $ 1,012 $ — $ 1,012 $ 1,012 $ — $ 1,012 Total Amortized Intangible Assets $ 1,012 $ — $ 1,012 $ 1,012 $ — $ 1,012
Summary of Estimated Amortization Expense	The estimated amortization expense for the remainder of fiscal 2022, the next five fiscal years and beyond is shown below (dollars in thousands): Fiscal 2023 (period remaining) $ 155 Fiscal 2024 203 Fiscal 2025 193 Fiscal 2026 184 Fiscal 2027 163 Fiscal 2028 118 Thereafter 302 Total $ 1,318

ACCRUED EXPENSES AND OTHER (Tab

ACCRUED EXPENSES AND OTHER (Tables)	3 Months Ended
	Jun. 30, 2022
Other Liabilities Disclosure [Abstract]
Schedule of Accrued Expenses and Other	As of June 30, 2022, and March 31, 2022, accrued expenses and other included the following (dollars in thousands): June 30, 2022 March 31, 2022 Other accruals $ 2,266 $ 2,221 Compensation and benefits 1,598 1,668 Accrued project costs 1,307 2,215 Credits due to customers 884 1,209 Warranty 684 728 Legal and professional fees 264 106 Sales tax 222 157 Sales returns reserve 137 123 Total $ 7,362 $ 8,427
Changes in Warranty Accrual	Changes in Orion’s warranty accrual (both current and long-term) were as follows (dollars in thousands): For the Three Months Ended June 30, 2022 2021 Beginning of period $ 860 $ 1,009 Accruals 167 117 Warranty claims (net of vendor reimbursements) (216 ) (88 ) End of period $ 811 $ 1,038

NET (LOSS) INCOME PER COMMON _2

NET (LOSS) INCOME PER COMMON SHARE (Tables)	3 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Summary of the Effect of Net Income Per Common Share	Net income per common share is calculated based upon the following shares: For the Three Months Ended June 30, 2022 2021 Numerator: Net (loss) income (in thousands) $ (2,835 ) $ 2,510 Denominator: Weighted-average common shares outstanding 31,138,398 30,860,178 Weighted-average common shares and common share equivalents outstanding 31,138,398 31,289,924 Net (loss) income per common share: Basic $ (0.09 ) $ 0.08 Diluted $ (0.09 ) $ 0.08
Number of Potentially Dilutive Securities Excluded from the Calculation of Diluted Net Income per Common Share	The following table indicates the number of potentially dilutive securities excluded from the calculation of Diluted net income per common share because their inclusion would have been anti-dilutive. The number of shares is as of the end of each period: For the Three Months Ended June 30, 2022 2021 Common stock options — — Restricted shares — 26,205 Total — 26,205

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	3 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt consisted of the following (dollars in thousands): June 30, 2022 March 31, 2022 Revolving credit facility $ — $ — Equipment debt obligations 31 35 Total long-term debt 31 35 Less current maturities (16 ) (16 ) Long-term debt, less current maturities $ 15 $ 19

STOCK OPTIONS AND RESTRICTED _2

STOCK OPTIONS AND RESTRICTED SHARES (Tables)	3 Months Ended
	Jun. 30, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-based Compensation	The following amounts of stock-based compensation were recorded (dollars in thousands): For the Three Months Ended June 30, 2022 2021 Cost of product revenue $ 1 $ 1 General and administrative 250 155 Sales and marketing 2 3 Research and development 1 1 Total $ 254 $ 160
Summary of Stock Options Activity	During the first three months of fiscal 2022, Orion had the following activity related to its stock-based compensation: Restricted Shares Stock Options Awards outstanding at March 31, 2022 450,458 142,428 Awards granted 756,738 — Awards vested or exercised (125,744 ) (26,646 ) Awards forfeited — — Awards outstanding at June 30, 2022 1,081,452 115,782 Per share weighted average price on grant date $ 2.18 —

SEGMENTS (Tables)

SEGMENTS (Tables)	3 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Schedule of Segment Information	Corporate and Other is comprised of operating expenses not directly allocated to Orion’s segments and adjustments to reconcile to consolidated results (dollars in thousands). Revenues Operating Income (Loss) For the Three Months Ended June 30, For the Three Months Ended June 30, 2022 2021 2022 2021 Segments: Orion Services Group $ 9,035 $ 21,988 $ (2,229 ) $ 1,864 Orion Distribution Services 4,826 9,286 (51 ) 2,122 Orion U.S. Markets 4,045 3,827 186 651 Corporate and Other — — (1,523 ) (1,219 ) $ 17,906 $ 35,101 $ (3,617 ) $ 3,418

ACQUISITION (Tables)

ACQUISITION (Tables)	3 Months Ended
	Jun. 30, 2022
Business Combinations [Abstract]
Schedule of Preliminary Allocation of Purchase Consideration to Fair Value of Assets Acquired and Liabilities Assumed	The preliminary allocation of the purchase consideration to the fair value of the assets acquired and liabilities assumed as of January 1, 2022, is as follows (dollars in thousands): Cash $ 95 Accounts receivable 2,690 Revenue earned but not billed 342 Inventory 504 Prepaid expenses and other current assets 41 Property and equipment 725 Goodwill 622 Other intangible assets 673 Other long-term assets 537 Accounts payable (965 ) Accrued expenses and other (550 ) Other long-term liabilities (411 ) Net purchase consideration 4,303
Schedule of Intangible Assets Acquired at Date of Acquisition	The following table presents the details of the intangible assets acquired at the date of acquisition (dollars in thousands): Estimated Fair Value Estimated Useful Life (Years) Tradename $ 164 5 Customer relationships 509 8

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details)	3 Months Ended		12 Months Ended
	Jun. 30, 2022 Customer financial_instituion Supplier	Jun. 30, 2021 Supplier Customer	Mar. 31, 2022 Customer
Concentration of Credit Risk and Other Risks and Uncertainties
Number of financial institutions | financial_instituion	1
Number of supplier more than ten percent of cost of revenue | Supplier	0	1
Number of customer more than ten percent of revenue	1	2
Number of customer more than ten percent of accounts receivable	1		2
Cost of revenue | Supplier Concentration Risk | Minimum
Concentration of Credit Risk and Other Risks and Uncertainties
Concentration risk, percentage	10%	12.80%
Revenue | Customer Concentration Risk | Customer One
Concentration of Credit Risk and Other Risks and Uncertainties
Concentration risk, percentage	13.80%	50.90%
Revenue | Customer Concentration Risk | Customer Two
Concentration of Credit Risk and Other Risks and Uncertainties
Concentration risk, percentage		14.20%
Accounts Receivable | Credit Concentration Risk | Customer One
Concentration of Credit Risk and Other Risks and Uncertainties
Concentration risk, percentage	10.80%		11.80%
Accounts Receivable | Credit Concentration Risk | Customer Two
Concentration of Credit Risk and Other Risks and Uncertainties
Concentration risk, percentage			10.40%

REVENUE - Disaggregation of Rev

REVENUE - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	$ 17,816	$ 34,328
Revenue accounted for under other guidance	90	773
Total revenue	17,906	35,101
Product revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	13,393	27,473
Revenue accounted for under other guidance	90	773
Total revenue	13,483	28,246
Service revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	4,423	6,855
Revenue accounted for under other guidance	0	0
Total revenue	4,423	6,855
Lighting product and installation
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	13,762	34,020
Lighting product and installation | Product revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	12,404	27,359
Lighting product and installation | Service revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	1,358	6,661
Maintenance services
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	4,054	292
Maintenance services | Product revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	989	98
Maintenance services | Service revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	3,065	194
Solar energy related revenues
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	0	16
Solar energy related revenues | Product revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	0	16
Solar energy related revenues | Service revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	$ 0	$ 0

REVENUE (Narrative) (Details)

REVENUE (Narrative) (Details) - USD ($)	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Revenue From Contract With Customer [Abstract]
Proceeds from sale of revenue earned but not billed		$ 2,400,000
Gain (loss) on sale of revenue earned but not billed		$ (2,000)
Change in contract asset reclassified to accounts receivable	$ 0
Change in contract liability	$ 0

REVENUE - Summary of Contract A

REVENUE - Summary of Contract Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022
Revenue From Contract With Customer [Abstract]
Accounts receivable, net	$ 11,735	$ 11,899
Contract assets	1,704	$ 1,966
Contract liabilities	$ (52)

ACCOUNTS RECEIVABLE, NET (Accou

ACCOUNTS RECEIVABLE, NET (Accounts Receivable and Allowance for Doubtful Accounts) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022
Receivables [Abstract]
Accounts receivable, gross	$ 11,753	$ 11,907
Allowance for doubtful accounts	(18)	(8)
Accounts receivable, net	$ 11,735	$ 11,899

INVENTORIES, NET (Details)

INVENTORIES, NET (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022
Cost
Raw materials and components	$ 10,462	$ 10,781
Work in process	1,356	1,529
Finished goods	8,506	9,593
Total	20,324	21,903
Reserve
Raw materials and components	(799)	(1,140)
Work in process	(178)	(267)
Finished goods	(594)	(664)
Total	(1,571)	(2,071)
Net
Raw materials and components	9,663	9,641
Work in process	1,178	1,262
Finished goods	7,912	8,929
Total	$ 18,753	$ 19,832

PREPAID EXPENSES AND OTHER CU_3

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Summary of Prepaid Expenses and Other Current Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Payroll tax credit	$ 1,587	$ 1,587
Other prepaid expenses	1,037	1,044
Total	$ 2,624	$ 2,631

PROPERTY AND EQUIPMENT, NET (Su

PROPERTY AND EQUIPMENT, NET (Summary of Property and Equipment) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022
Property and equipment
Gross property and equipment	$ 34,938	$ 34,990
Less: accumulated depreciation	(23,877)	(23,524)
Total property and equipment, net	11,061	11,466
Land and land improvements
Property and equipment
Gross property and equipment	433	433
Buildings and building improvements
Property and equipment
Gross property and equipment	9,491	9,491
Furniture, fixtures and office equipment
Property and equipment
Gross property and equipment	7,690	7,650
Leasehold Improvements
Property and equipment
Gross property and equipment	490	490
Equipment leased to customers
Property and equipment
Gross property and equipment	4,997	4,997
Plant equipment
Property and equipment
Gross property and equipment	11,135	11,130
Vehicles
Property and equipment
Gross property and equipment	568	796
Construction in Progress
Property and equipment
Gross property and equipment	$ 134	$ 3

LEASES (Summary of Assets Lease

LEASES (Summary of Assets Leased from Third Parties) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2021
Leases [Abstract]
Operating lease assets	$ 2,283	$ 2,440
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	Other long-term assets	Other long-term assets
Operating lease liabilities current	$ 784	$ 768
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other	Accrued expenses and other
Operating lease liabilities non-current	$ 2,068	$ 2,271
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other long-term liabilities	Other long-term liabilities
Total lease liabilities	$ 2,852	$ 3,039

LEASES (Narrative) (Details)

LEASES (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Operating lease costs	$ 0.3	$ 0.2

LEASES (Summary of Estimated Ma

LEASES (Summary of Estimated Maturity of Lease Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2021
Leases [Abstract]
Fiscal 2023	$ 857
Fiscal 2024	838
Fiscal 2025	828
Fiscal 2026	722
Fiscal 2027	71
Total lease payments	3,316
Less: Interest	(464)
Present value of lease liabilities	$ 2,852	$ 3,039

LEASES (Schedule of Revenue and

LEASES (Schedule of Revenue and Cost of Sales Arising from Sales-Type Leases) (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2021 USD ($)
Leases [Abstract]
Product revenue	$ 552
Cost of product revenue	$ 480

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022
Finite Lived Intangible Assets [Line Items]
Goodwill	$ 622		$ 350
Goodwill, increase	200
Amortization expense	$ 52	$ 67
Weighted average
Finite Lived Intangible Assets [Line Items]
Intangible assets, useful life	8 years 6 months

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Summary of Components and Changes in Other Intangible Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 7,851	$ 7,906
Accumulated Amortization	(6,533)	(6,514)
Intangible Assets, Net	1,318	1,392
Indefinite-lived Intangible Assets	1,012	1,012
Trade name and trademarks
Finite Lived Intangible Assets [Line Items]
Indefinite-lived Intangible Assets	1,012	1,012
Patents
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,620	2,652
Accumulated Amortization	(1,927)	(1,932)
Intangible Assets, Net	693	720
Licenses
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	58	58
Accumulated Amortization	(58)	(58)
Intangible Assets, Net	0	0
Trade name and trademarks
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	164	118
Accumulated Amortization	(16)	(6)
Intangible Assets, Net	148	112
Customer relationships
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	4,109	4,178
Accumulated Amortization	(3,632)	(3,618)
Intangible Assets, Net	477	560
Developed technology
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	900	900
Accumulated Amortization	(900)	(900)
Intangible Assets, Net	$ 0	$ 0

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Summary of Estimated Amortization Expense) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022
Finite-Lived Intangible Assets, Estimated Amortization Expense
Fiscal 2023 (period remaining)	$ 155
Fiscal 2024	203
Fiscal 2025	193
Fiscal 2026	184
Fiscal 2027	163
Fiscal 2028	118
Thereafter	302
Intangible Assets, Net	$ 1,318	$ 1,392

ACCRUED EXPENSES AND OTHER (Acc

ACCRUED EXPENSES AND OTHER (Accrued Expenses and Other) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022
Other Liabilities Disclosure [Abstract]
Other accruals	$ 2,266	$ 2,221
Compensation and benefits	1,598	1,668
Accrued project costs	1,307	2,215
Credits due to customers	884	1,209
Warranty	684	728
Legal and professional fees	264	106
Sales tax	222	157
Sales returns reserve	137	123
Total	$ 7,362	$ 8,427

ACCRUED EXPENSES AND OTHER (Nar

ACCRUED EXPENSES AND OTHER (Narrative) (Details)	3 Months Ended
	Jun. 30, 2022
Minimum
Product Warranty Liability [Line Items]
Limited warranty term	1 year
Maximum [Member]
Product Warranty Liability [Line Items]
Limited warranty term	10 years

ACCRUED EXPENSES AND OTHER (War

ACCRUED EXPENSES AND OTHER (Warranty Accrual) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Movement in Standard Product Warranty Accrual
Beginning of period	$ 860	$ 1,009
Accruals	167	117
Warranty claims (net of vendor reimbursements)	(216)	(88)
End of period	$ 811	$ 1,038

NET (LOSS) INCOME PER COMMON _3

NET (LOSS) INCOME PER COMMON SHARE (Earnings per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Numerator:
Net (loss) income (in thousands)	$ (2,835)	$ 2,510
Denominator:
Weighted-average common shares outstanding	31,138,398	30,860,178
Weighted-average common shares and common share equivalents outstanding	31,138,398	31,289,924
Net (loss) income per common share:
Basic	$ (0.09)	$ 0.08
Net (loss) income per common share:
Diluted	$ (0.09)	$ 0.08

NET (LOSS) INCOME PER COMMON _4

NET (LOSS) INCOME PER COMMON SHARE (Potentially Dilutive Securities Excluded From the Calculation of Diluted Net Income Per Common Share) (Details)	3 Months Ended
	Jun. 30, 2021 shares
Number of potentially dilutive securities
Potentially dilutive securities outstanding	26,205
Restricted shares
Number of potentially dilutive securities
Potentially dilutive securities outstanding	26,205

LONG-TERM DEBT (Summary of Long

LONG-TERM DEBT (Summary of Long-Term Debt) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022
Long-term debt
Total long-term debt	$ 31	$ 35
Less current maturities	(16)	(16)
Long-term debt, less current maturities	15	19
Equipment debt obligations
Long-term debt
Total long-term debt	$ 31	$ 35

LONG-TERM DEBT (Narrative) (Det

LONG-TERM DEBT (Narrative) (Details) - USD ($)		3 Months Ended
	Dec. 29, 2020	Jun. 30, 2022	Feb. 28, 2019	Oct. 26, 2018
Credit Agreement | Bank of America N A | Line of Credit | Revolving credit facility
Line Of Credit Facility [Line Items]
Credit facility, amount	$ 25,000,000
Credit agreement period	5 years
Credit agreement, maturity date		Dec. 29, 2025
Credit facility, available amount	$ 15,800,000
Credit agreement, amounts borrowed		$ 0
Prior Credit Agreement | Western Alliance Bank | Line of Credit | Revolving credit facility
Line Of Credit Facility [Line Items]
Credit facility, amount				$ 20,150,000
Debt Instrument 1 | Equipment debt obligations
Line Of Credit Facility [Line Items]
Principal amount of debt			$ 44,000
Stated interest rate, percentage			6.43%
Debt maturity month and year		2024-01
Debt Instrument 2 | Equipment debt obligations
Line Of Credit Facility [Line Items]
Principal amount of debt			$ 30,000
Stated interest rate, percentage			8.77%
Debt maturity month and year		2024-01

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income tax (benefit)/expense	$ (815)	$ 874
Valuation allowance	1,200		$ 1,200
Unrecognized tax benefits	$ 200

SHAREHOLDERS' EQUITY (Narrative

SHAREHOLDERS' EQUITY (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions		1 Months Ended			3 Months Ended
	Jan. 03, 2019	Dec. 31, 2021	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2022
Equity Class Of Treasury Stock [Line Items]
Rights agreement extended term	3 years
Rights agreement terminate and expire date		Jan. 07, 2022
Shares issued under ESPP plan					443
Closing market price					$ 2.01
At Market Issuance Sales Agreement
Equity Class Of Treasury Stock [Line Items]
Sale of share					0
Maximum
Equity Class Of Treasury Stock [Line Items]
Proceeds from issuance of debt or sale of equity securities				$ 100
Maximum | At Market Issuance Sales Agreement
Equity Class Of Treasury Stock [Line Items]
Proceeds from sale of common stock			$ 50

STOCK OPTIONS AND RESTRICTED _3

STOCK OPTIONS AND RESTRICTED SHARES (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2022	Aug. 07, 2019	Aug. 03, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred stock-based compensation related to grants of restricted shares, period of recognition	3 years
Deferred stock-based compensation related to grants of restricted shares	$ 2.1
2016 Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reserved shares for issuance to eligible participants (in shares)		3,500,000	1,750,000
Increase in number of common stock shares available for issuance		1,750,000

STOCK OPTIONS AND RESTRICTED _4

STOCK OPTIONS AND RESTRICTED SHARES (Stock-based Compensation) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Stock-based compensation
Total	$ 254	$ 160
Cost of product revenue
Stock-based compensation
Total	1	1
General and administrative
Stock-based compensation
Total	250	155
Sales and marketing
Stock-based compensation
Total	2	3
Research and development
Stock-based compensation
Total	$ 1	$ 1

STOCK OPTIONS AND RESTRICTED _5

STOCK OPTIONS AND RESTRICTED SHARES (Restricted Shares and Stock Options) (Details)	3 Months Ended
	Jun. 30, 2022 $ / shares shares
Stock Options
Non-vested, beginning balance (shares)	142,428
Awards granted (shares)	0
Awards vested or exercised (shares)	(26,646)
Non-vested, ending balance (shares)	115,782
Per share weighted average price on grant date (USD per share) | $ / shares	$ 0
Restricted shares
Restricted Shares
Beginning balance (shares)	450,458
Awards granted (shares)	756,738
Awards vested or exercised (shares)	(125,744)
Ending balance (shares)	1,081,452
Restricted shares | Minimum
Restricted Shares
Per share weighted average price on grant date (USD per share) | $ / shares	$ 2.18

SEGMENTS (Reconciliation of Seg

SEGMENTS (Reconciliation of Segment Operations) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Corporate and Other
Revenues	$ 17,906	$ 35,101
Operating Income (Loss)	(3,617)	3,418
Operating Segments | Orion Services Group
Corporate and Other
Revenues	9,035	21,988
Operating Income (Loss)	(2,229)	1,864
Operating Segments | Orion Distribution Services
Corporate and Other
Revenues	4,826	9,286
Operating Income (Loss)	(51)	2,122
Operating Segments | Orion U.S. Markets
Corporate and Other
Revenues	4,045	3,827
Operating Income (Loss)	186	651
Corporate and Other
Corporate and Other
Operating Income (Loss)	$ (1,523)	$ (1,219)

ACQUISITION (Narrative) (Detail

ACQUISITION (Narrative) (Details) - Stay-Lite Lighting, Inc. - USD ($)		3 Months Ended
	Jan. 01, 2022	Jun. 30, 2022	Mar. 31, 2022
Business Acquisition [Line Items]
Business combination, cash purchase price	$ 4,300,000
Purchase price	4,300,000
Business combination, working capital adjustment received		$ 100,000
Business combination, estimate of earn-out liability	200,000
Transaction costs		$ 14,000	$ 500,000
Maximum [Member]
Business Acquisition [Line Items]
Business combination, earnout related purchase price	$ 700,000

ACQUISITION - Schedule of Preli

ACQUISITION - Schedule of Preliminary Allocation of Purchase Consideration to Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022	Jan. 01, 2022
Business Acquisition [Line Items]
Goodwill	$ 622	$ 350
Stay-Lite Lighting, Inc.
Business Acquisition [Line Items]
Cash			$ 95
Accounts receivable			2,690
Revenue earned but not billed			342
Inventory			504
Prepaid expenses and other current assets			41
Property and equipment			725
Goodwill			622
Other intangible assets			673
Other long-term assets			537
Accounts payable			(965)
Accrued expenses and other			(550)
Other long-term liabilities			(411)
Net purchase consideration			$ 4,303

ACQUISITION - Schedule of Intan

ACQUISITION - Schedule of Intangible Assets Acquired at Date of Acquisition (Details) - Stay-Lite Lighting, Inc. $ in Thousands	Jan. 01, 2022 USD ($)
Trade name
Business Acquisition [Line Items]
Estimated Fair Value	$ 164
Estimated Useful Life (Years)	5 years
Customer relationships
Business Acquisition [Line Items]
Estimated Fair Value	$ 509
Estimated Useful Life (Years)	8 years