Afternoon, ladies and gentlemen, and welcome to the 2026 Orion Energy Systems Annual Meeting of Shareholders, which is being held as a virtual meeting. The meeting will please come to order. I am Tony Otten, Board Chair for Orion Energy Systems, and will act as chair of this meeting. Garrett Bishop of Foley & Lardner, and the Board Secretary will act as secretary of the meeting, and Garrett Bishop has been appointed as the Inspector of Elections for the shareholder actions to be taken at this meeting. As a preliminary matter, a virtual meeting is one that takes place via an electronic format. An audio feed from this meeting is being webcast as we speak, and this webcast incorporates shareholder validation capabilities which allow shareholders to vote in real time during the meeting until the polls are closed. We believe that holding a virtual meeting expands shareholder access to our annual meeting. Our shareholders anywhere globally can attend this meeting, and other interested parties can listen to this webcast over the internet. If you are a shareholder and did not enter this meeting by using your 16-digit control number found on your proxy card, you will be unable to vote your shares unless you enter this control number. It is now 1:01 P.M. Central Time, and the polls are open. Please note that the polls will close in several minutes, and we urge you to vote your shares now if you have not already submitted a proxy or otherwise voted. If you have already submitted your proxy, you need not vote again. However, you may revoke your previously submitted proxy by voting online at this meeting. We will first hold the official business portion of this meeting. During this meeting, questions can be submitted via the virtual meeting website. Following the business meeting, we will have a question and answer session. To allow us to answer questions from as many shareholders as possible, each shareholder will be limited to two questions. I would like to start the meeting by introducing the other members of our Board of Directors participating virtually through the webcast today. Alan Ruud. Alan is also the current Chair of our Audit and Finance Committee. Heather Wishart-Smith. Heather is also the current Chair of our Human Capital Management and Compensation Committee. Richard Shapiro, and Sally Washlow, who is also Orion's Chief Executive Officer. Also in virtual attendance today are Scott Green, Orion's President and Chief Operating Officer, and Per Brodin, Orion's Chief Financial Officer, Chief Accounting Officer, and Treasurer. I would like to introduce Stephanie de Groot, the representative present from our independent public accounting firm, BDO USA, P.C.. Ms. de Groot will be available to answer appropriate questions during the question and answer session at the end of the meeting. Mr. Bishop has advised me that the notice of meeting and proxy materials were mailed beginning on June 23rd to all shareholders as of the June 10th record date of the meeting. Copies of the proxy materials are also posted on the company's website. As of the record date for this meeting, a total of 4,056,568 shares of common stock were outstanding and eligible to vote. Mr. Bishop has advised me that there are shareholders present by proxy representing over a majority of the total numbers of shares of our common stock eligible to vote at the meeting, constituting a quorum. Accordingly, I declare this annual meeting to be properly, legally convened, and we are ready to transact the legal portion of this meeting. It is now 1:04 P.M. Central, and since everyone has now had a chance to vote, I hereby declare that the polls are officially closed. The first item of business to be presented for shareholder consideration at this meeting is the election of Richard A. Shapiro and Heather L. Wishart-Smith to serve as directors for a term to expire at the 2029 Annual Meeting of Shareholders, and until each of their respective successors are duly qualified and elected. Based on a preliminary tabulation provided by the Inspector of Elections, each of the director nominees has been elected by over 93% of the shareholder vote cast at the meeting. Therefore, Richard A. Shapiro and Heather L. Wishart-Smith have been duly elected as directors of the board to serve until the 2029 Annual Meeting of the Shareholders, and until each of their respective successors are duly qualified and elected. Next, the second item of business to be presented for shareholder consideration at this meeting is a resolution approving, on an advisory basis, the compensation of our named executive officers as disclosed in the company's 2026 Annual Meeting proxy statement. Based on a preliminary tabulation provided by the Inspector of Elections, the compensation of our named executive officers has been approved by the affirmative vote of at least a majority of the shareholder votes cast at the meeting. Therefore, I hereby declare that the shareholders have approved, on an advisory basis, the compensation for our named executive officers. Third, the business for shareholders' consideration at this meeting is the ratification of the appointment of BDO USA, P.C. to serve as the company's independent registered public accounting firm for 2027. Based on a preliminary tabulation provided by the Inspector of Elections, the ratification of the appointment of BDO USA, P.C. to serve as the company's independent registered public accounting firm for the fiscal 2027 has been approved by the affirmative vote of at least a majority of the shareholder votes cast at the meeting. Therefore, I hereby declare that the appointment of BDO USA, P.C. to serve as the company's independent registered public accounting firm for fiscal 2027 has been ratified. Finally, the business for shareholder consideration at this meeting is the approval of the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan as amended and restated. Based on a preliminary tabulation provided by the Inspector of Elections, the approval of the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan as amended and restated has been approved by the affirmative vote of at least a majority of the shareholder votes cast at the meeting. Therefore, I hereby declare the shareholders have approved the amended and restated 2016 Orion Energy Systems, Inc. Omnibus Incentive Plan. Final vote tabulations for these matters for this meeting will be reported by the company in a current form on a current report on Form 8-K that we will timely file with the U.S. Securities and Exchange Commission following this meeting. There being no other legal business to come before this meeting, this legal portion of the meeting is hereby adjourned. Now, I will introduce Sally Washlow and Per Brodin, who will provide a presentation on some of the accomplishments and future plans of our company. Thank you, Tony. Before we begin, I need to tell you that certain matters we will discuss will be forward-looking statements intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because of the context of the statements will include words such as: "We believe, anticipate, expect," or words of similar import. Statements that describe our future plans, objectives, strategies, or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that may materially adversely affect our anticipated results. Such risks and uncertainties include, but are not limited to, the factors summarized in our Form 10-K for our fiscal year ended March 31st, 2026. Copies of our Form 10-K are available on the SEC's website, which is www.sec.gov, or through a link on our website located at www.orionlighting.com. The forward-looking statements made at this meeting are only made as of the date of this meeting, we disclaim any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. We routinely post news releases and other information regarding developments at our company that impact our investors, customers, vendors, and other shareholders. You should look to our website, www.orionlighting.com, as an important source of information regarding our company. I will turn the call over to Sally. Good afternoon. In fiscal 2026, Orion expanded within our enterprise customer base and extended our product and service portfolio. We right-sized the company, optimized our cost structure, and enabled substantial margin expansion as we increased our revenue. The result was a successful year, with revenue of $86.3 million and positive adjusted EBITDA. It was also a year that set this company on a path of profitable growth. In the current fiscal year, we expect revenue between $95 million-$97 million at positive adjusted EBITDA. We expect fiscal year 2027 to represent another step-up in revenue, another improvement in profitability, further extensions in our product and service offerings, and expansion in commercial and geographic markets. We believe that we are on our way to achieving that in fiscal 2027 based on our first quarter announced yesterday. In our fourth decade, we believe that Orion is poised to meet the moment to serve an industrial build-out that is reshoring, refurbishing, and reasserting leadership throughout the United States. Orion today is an emerging provider of choice for electrification to Fortune 100 corporations and other global leaders in sectors ranging from hyperscale data centers to manufacturing, to retail, to government. Orion designs, installs, and maintains LED lighting systems, EV charging stations, and electrical infrastructure from some of the largest enterprises in the United States. Whether deployed independently or in combination with our partners, Orion's discrete, bespoke, and turnkey solutions generate unsurpassed ROI to industrial facilities requiring the most demanding standards of efficiency, reliability, and compliance. We deliver complete turnkey electrical infrastructure solutions powered by the products that we design, engineer, and manufacture in the United States. Our turnkey execution from fixture to final commissioning delivers end-to-end electrical infrastructure solutions, lighting controls, EV charging, and maintenance delivered under a single contract and accountability structure. Orion's lighting products are either built in our 260,000 sq ft manufacturing facility in Manitowoc, Wisconsin, or by one of our global supply chain partners. Our effective in-house approach gives customers confidence in Orion's supply chain reliability, quality control, and domestic sourcing compliance. This is critical for government contracts, federal incentives, shortened lead times, and Buy American requirements. Built for demanding and mission-critical environments, from hyperscale data centers to public school bus fleets, Orion solutions are engineered for applications in which performance and uptime are non-negotiable. LED lighting continues to generate a number of growth opportunities as we progress through the new fiscal year. An example is our recent entry into the data center market with a multimillion-dollar engagement with one of the largest hyperscale operators in the world. We expect more business in the data center space, just as we do in our legacy markets such as automotive, retail, logistics, distribution, and public sectors. We also expect continued growth in our ESCO and distribution channels, driven in part by increasing adoption of our Triton Pro high bay lighting products and an expanded selection of exterior LED fixtures. We developed these and other new solutions in response to requests by our customers and partners for a wider array of competitively priced products. Fiscal 2026 also represented a growth year in maintenance as well, in both revenue and profitability. In our EV charging segment, Orion Voltrek adjusted to the new EV market environment in the United States. Last year, we expected that the EV sector would undergo a reset, and it has. Nevertheless, what is unchanged is the ongoing need for an EV infrastructure build-out throughout the United States. Indeed, we saw continuing deployment of EV charging infrastructure in FY 2026, and we expect these installations to continue in the new fiscal year. With an approach and model similar to our LED retrofit projects, our Orion Voltrek approach includes on-site presence as well as custom design and engineering to match the specific requirements of every customer. With system commissioning frequently at multiple sites, we manage every deployment from beginning to end. FY 2026 was a right-sizing year for Orion and a successful one. Our focused cost containment initiatives had a positive impact on multiple fronts, including product re-engineering, plant efficiency, and diversified sourcing of products. This continued to bolster our LED lighting margins even while we maintained unsurpassed levels of design, quality, and energy efficiency. It also enabled us to record positive adjusted EBITDA in every quarter of FY 2026. Clearly, FY 2026 represented a successful turnaround year by any measure, as well as a strong start in FY 2027. Now I will hand it back to Per for the year in review and outlook. Thank you, Sally. Fiscal 2026 was indeed a year of growth in both revenue and profitability. LED lighting revenue was $55.9 million in fiscal 2026, compared to $47.7 million in fiscal 2025, reflecting increases in large LED lighting projects and activity in Orion's energy service company and electrical distribution channels. Lighting achieved a fiscal year 2026 gross margin of 33.8% versus 26.6% in fiscal 2025 due to targeted price increases, cost reductions, and sourcing initiatives. EV charging solutions revenue in fiscal 2026 totaled $14.4 million, compared to $16.8 million in fiscal 2025, principally related to a new environment for electric vehicle charging solutions. Fiscal 2026 gross margin stood at 37.7% versus 28.3% in fiscal 2025. Maintenance services revenue was $16.0 million in fiscal 2026, compared to $15.2 million in fiscal 2025, as new revenue opportunities continued to grow. Improved pricing, restructuring, and cost containment helped enable gross profit margin of 23.7% in fiscal 2026, from 18.2% in fiscal 2025. Orion's fiscal 2026 total revenue was $86.3 million above our original revenue outlook, compared to $79.7 million in fiscal 2025. Our gross profit percentage improved to 32.6% from 25.4%. Operating expenses were 29.7% in fiscal 2026, compared to $30.8 million in fiscal 2025, reflecting the success of our ongoing cost containment. Orion's fiscal 2026 net loss was $3.2 million, or $0.89 per share, compared to a fiscal 2025 net loss of $11.8 million or $3.59 per share, reflecting improvement in revenue, gross profit percentage, and operating expense in fiscal 2026. Orion ended fiscal 2026 with current assets of $37.7 million, including $3.3 million of cash and equivalents, $16.3 million of accounts receivable, and $10.3 million of inventories. Net of current liabilities, working capital was $11 million. Given our current financial position, expected obligations, and business outlook, we believe Orion has sufficient resources to fund its operations and growth objectives for the foreseeable future. As Sally noted, Orion's fiscal 2027 revenue outlook expects revenue growth to total in the range of $95 million-$97 million, with potential upside depending on the level of increased customer infrastructure investment. We also expect Orion to achieve positive adjusted EBITDA for the full fiscal year. We are excited to see the momentum we are building and look forward to reporting our results as we progress throughout fiscal 2027. Let me pass the call back to Sally to conclude and open up the call for questions. Thank you, Per. In closing, I extend our board and management's sincere thanks to the entire Orion team for its dedication in the successful growth year of FY 2026, so far in the current fiscal year of 2027. We especially thank you, our shareholders, for your ongoing trust and investment in our company. Thank you, Sally. We have not received any questions that would be of general interest to the shareholders, thank you for joining our virtual meeting and for your continued support of Orion. I thereby conclude this annual shareholder meeting. The event has now concluded. Thank you for attending today's presentation. You may now disconnect.
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