Orion Energy posts $1.9 million loss on lower revenues

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Orion Energy Systems posted a net loss of $1.9 million, or $0.09 per share, for the first quarter of fiscal 2013, a higher loss than the $800,000, or $0.03 per share, reported in the first quarter of fiscal 2012.

The Manitowoc-based company, which produces energy-efficient lighting and systems, also reported revenues of $15.3 million, a 16% decrease from the $18.2 million for the first quarter of fiscal 2012.

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