Pioneer Power Announces Financial Results for Fourth Quarter and Full Year 2024
Pioneer Power Solutions (PPSI) reported strong financial results for Q4 and full year 2024, with annual revenue growing 106% to $22.9 million. The company sold its Electrical Infrastructure business for $50 million to Mill Point Capital and paid a special dividend of $16.7 million in early 2025.
Q4 2024 highlights include revenue of $9.8 million (up 265% YoY), gross profit of $2.8 million (29% margin), and net income of $36.3 million. The company's e-Boost mobile EV charging business saw significant growth, with charging sessions increasing 93% to 14,500 in 2024.
Full-year results showed gross profit of $5.5 million (24% margin) and net income of $31.9 million. The company ended 2024 with $41.6 million in cash and a backlog of $19.8 million. Management reaffirmed 2025 revenue guidance of $27-29 million.
Pioneer Power Solutions (PPSI) ha riportato risultati finanziari solidi per il quarto trimestre e l'intero anno 2024, con un fatturato annuo in crescita del 106% a 22,9 milioni di dollari. L'azienda ha venduto la sua divisione Electrical Infrastructure per 50 milioni di dollari a Mill Point Capital e ha distribuito un dividendo speciale di 16,7 milioni di dollari all'inizio del 2025.
Tra i punti salienti del quarto trimestre 2024, si segnalano ricavi per 9,8 milioni di dollari (in aumento del 265% su base annua), un utile lordo di 2,8 milioni di dollari (margine del 29%) e un utile netto di 36,3 milioni di dollari. Il business e-Boost per la ricarica mobile di veicoli elettrici ha registrato una crescita significativa, con sessioni di ricarica aumentate del 93% a 14.500 nel 2024.
I risultati dell’intero anno mostrano un utile lordo di 5,5 milioni di dollari (margine del 24%) e un utile netto di 31,9 milioni di dollari. L’azienda ha chiuso il 2024 con 41,6 milioni di dollari in contanti e un portafoglio ordini di 19,8 milioni di dollari. La direzione ha confermato le previsioni di fatturato per il 2025 tra 27 e 29 milioni di dollari.
Pioneer Power Solutions (PPSI) reportó sólidos resultados financieros para el cuarto trimestre y el año completo 2024, con ingresos anuales que crecieron un 106% hasta alcanzar los 22,9 millones de dólares. La compañía vendió su negocio de Infraestructura Eléctrica por 50 millones de dólares a Mill Point Capital y pagó un dividendo especial de 16,7 millones de dólares a principios de 2025.
Los aspectos destacados del cuarto trimestre de 2024 incluyen ingresos de 9,8 millones de dólares (un aumento del 265% interanual), un beneficio bruto de 2,8 millones de dólares (margen del 29%) y un ingreso neto de 36,3 millones de dólares. El negocio móvil de carga para vehículos eléctricos e-Boost experimentó un crecimiento significativo, con sesiones de carga que aumentaron un 93% hasta 14.500 en 2024.
Los resultados anuales mostraron un beneficio bruto de 5,5 millones de dólares (margen del 24%) y un ingreso neto de 31,9 millones de dólares. La compañía cerró 2024 con 41,6 millones de dólares en efectivo y una cartera de pedidos de 19,8 millones de dólares. La dirección reafirmó la previsión de ingresos para 2025 entre 27 y 29 millones de dólares.
Pioneer Power Solutions (PPSI)는 2024년 4분기 및 연간 재무 실적에서 강력한 성과를 보고했으며, 연간 매출은 106% 증가한 2,290만 달러를 기록했습니다. 회사는 전기 인프라 사업부를 Mill Point Capital에 5,000만 달러에 매각했으며 2025년 초에 1,670만 달러의 특별 배당금을 지급했습니다.
2024년 4분기 주요 실적은 매출 980만 달러(전년 대비 265% 증가), 총이익 280만 달러(29% 마진), 순이익 3,630만 달러를 포함합니다. 회사의 e-Boost 모바일 전기차 충전 사업은 큰 성장을 이루었으며, 2024년 충전 세션 수가 93% 증가하여 14,500회를 기록했습니다.
연간 실적은 총이익 550만 달러(24% 마진)와 순이익 3,190만 달러를 보여줍니다. 회사는 2024년 말 현금 4,160만 달러와 1,980만 달러의 수주 잔고를 보유하고 있습니다. 경영진은 2025년 매출 가이던스를 2,700만~2,900만 달러로 재확인했습니다.
Pioneer Power Solutions (PPSI) a annoncé de solides résultats financiers pour le quatrième trimestre et l'ensemble de l'année 2024, avec un chiffre d'affaires annuel en hausse de 106 % à 22,9 millions de dollars. La société a vendu son activité d'infrastructure électrique pour 50 millions de dollars à Mill Point Capital et a versé un dividende exceptionnel de 16,7 millions de dollars début 2025.
Les points forts du quatrième trimestre 2024 comprennent un chiffre d'affaires de 9,8 millions de dollars (en hausse de 265 % sur un an), un bénéfice brut de 2,8 millions de dollars (marge de 29 %) et un bénéfice net de 36,3 millions de dollars. L’activité e-Boost de recharge mobile pour véhicules électriques a connu une croissance significative, avec une augmentation des sessions de recharge de 93 % à 14 500 en 2024.
Les résultats annuels montrent un bénéfice brut de 5,5 millions de dollars (marge de 24 %) et un bénéfice net de 31,9 millions de dollars. La société a terminé 2024 avec 41,6 millions de dollars en liquidités et un carnet de commandes de 19,8 millions de dollars. La direction a réaffirmé ses prévisions de chiffre d'affaires pour 2025, entre 27 et 29 millions de dollars.
Pioneer Power Solutions (PPSI) meldete starke Finanzergebnisse für das vierte Quartal und das Gesamtjahr 2024, mit einem jährlichen Umsatzwachstum von 106 % auf 22,9 Millionen US-Dollar. Das Unternehmen verkaufte sein Geschäft mit elektrischer Infrastruktur für 50 Millionen US-Dollar an Mill Point Capital und zahlte Anfang 2025 eine Sonderdividende von 16,7 Millionen US-Dollar.
Die Highlights des vierten Quartals 2024 umfassen einen Umsatz von 9,8 Millionen US-Dollar (plus 265 % im Jahresvergleich), einen Bruttogewinn von 2,8 Millionen US-Dollar (29 % Marge) und einen Nettogewinn von 36,3 Millionen US-Dollar. Das mobile EV-Ladegeschäft e-Boost verzeichnete ein deutliches Wachstum, mit einer Steigerung der Ladesitzungen um 93 % auf 14.500 im Jahr 2024.
Die Jahresergebnisse zeigten einen Bruttogewinn von 5,5 Millionen US-Dollar (24 % Marge) und einen Nettogewinn von 31,9 Millionen US-Dollar. Das Unternehmen beendete 2024 mit 41,6 Millionen US-Dollar in bar und einem Auftragsbestand von 19,8 Millionen US-Dollar. Das Management bestätigte die Umsatzprognose für 2025 von 27 bis 29 Millionen US-Dollar.
- Revenue grew 106% to $22.9 million in 2024
- Q4 revenue increased 265% year-over-year to $9.8 million
- Gross margin improved to 24% in 2024 from 20% in 2023
- Secured $50 million from sale of Electrical Infrastructure business
- Strong cash position of $41.6 million at year-end
- Backlog increased to $19.8 million, up $3.1 million YoY
- 93% growth in charging sessions to 14,500 in 2024
- Operating loss of $5.2 million from continuing operations in 2024
- Net loss of $3.3 million from continuing operations in 2024
- Q4 operating loss of $1.1 million from continuing operations
Insights
Pioneer Power's Q4 and FY2024 results reflect a substantial financial transformation. Annual revenue grew
The company's e-Boost mobile EV charging business is driving margin expansion, with gross margins improving to
The balance sheet has been dramatically strengthened, with cash increasing to
The
Pioneer's strategic pivot toward mobile EV charging solutions is bearing fruit, with e-Boost clearly emerging as their growth engine. The
The
The sale of the Electrical Infrastructure business allows Pioneer to focus exclusively on distributed energy resources and mobile EV charging, streamlining operations around their highest-growth segment. Critically, e-Boost's superior margins (
Pioneer's approach to mobile charging addresses a critical infrastructure bottleneck in EV adoption – the mismatch between power availability and charging demand. Their ability to secure pilot programs with major e-commerce players suggests potential for significant expansion as these customers scale their delivery EV fleets nationally. The company's success in converting these initial deployments into larger rollouts will be crucial to achieving their 2025 guidance and long-term profitability.
Reports Full Year Revenue Growth of
Reaffirms Full-Year 2025 Revenue Guidance of
Management to Host Conference Call Today at 4:30 pm ET
The financial results also reflect income from discontinued operations of the Company’s Electrical Infrastructure segment due to the previously announced sale of that business unit for
Recent Business Highlights
-
Sold its Electrical Infrastructure business for
$50 million -
Renewed and extended a service agreement with an existing customer, a large
U.S. retailer, for on-site power services. The new agreement is valued at approximately$6.0 million -
Received an order valued at approximately
$1.3 million City of Portland, Oregon for multiple e-Boost© Mobile units through Graybar Electric Company, Inc. - Awarded a groundbreaking pilot program from a Fortune 100 e-commerce retailer to tackle the “grid gap” challenge between the increasing power needs of the retailer’s EV delivery fleet and the limited amount of grid supplied power at its depots.
-
Increased charging sessions to 14,500 in 2024, up
93% from 7,500 charging sessions in 2023.
Q4 2024 Financial Highlights
-
Revenue was
$9.8 million $2.7 million $7.1 million 265% . -
Gross profit was
$2.8 million 29% , as compared to$0.6 million 23% , for the same quarter in 2023. -
Operating loss from continuing operations was
$(1.1) million $(1.9) million $0.8 million -
Non–GAAP operating income* from continuing operations, which excludes corporate overhead expenses, research and development expenses and non-recurring professional fees, was
$1.6 million $0.1 million $1.5 million -
Net income was
$36.3 million $35.5 million ( , inclusive of a loss from discontinued operations of$4.5) million ( , in the year ago quarter.$3.1) million
Full Year 2024 Financial Highlights
-
Revenue was
$22.9 million $11.1 million 106% . -
Gross profit was
$5.5 million 24% , as compared to$2.2 million 20% , for the year ended December 31, 2023. -
Operating loss from continuing operations was
$(5.2) million $(7.0) million $1.8 million -
Non–GAAP operating income* from continuing operations, which excludes corporate overhead expenses, research and development expenses and non-recurring professional fees, was
$1.7 million ( for the year ended December 31, 2023, a year-over-year improvement of approximately$1.3) million $3.0 million -
Net income was
$31.9 million $35.2 million ( , inclusive of income from discontinued operations of$1.9) million $4.4 million -
Backlog of
$19.8 million $16.7 million $3.1 million -
Cash on hand at December 31, 2024 was
$41.6 million $3.6 million $38.0 million $16.7 million
*A reconciliation between GAAP and non-GAAP measures is provided below. The non-GAAP measures should not be considered an alternative to GAAP measures as an indicator of the Company’s operating performance.
Fourth Quarter 2024 Financial Results
Revenue
Revenue for the three months ended December 31, 2024, was
Gross Profit/Margin
Gross profit for the fourth quarter of 2024 was
Operating Loss from Continuing Operations
For the three months ended December 31, 2024, operating loss from continuing operations was
Net Income (Loss) from Continuing Operations
The Company’s net income from continuing operations was
Net Income (Loss)
Net income was
Full Year 2024 Financial Results from Continuing Operations
Revenue
Revenue for the year ended December 31, 2024, was
Gross Profit/Margin
Gross profit for 2024 was
Operating Loss from Continuing Operations
Operating loss from continuing operations for the year ended December 31, 2024, was
Net Income (Loss) from Continuing Operations
Net loss from continuing operations for the year ended December 31, 2024, was
Net Income (Loss)
Net income was
Balance Sheet
As of December 31, 2024, the Company had
2025 Outlook
Management reiterates its expectation for revenue of
The foregoing projected outlook constitutes forward-looking information and is intended to provide information about management’s current expectations for the Company’s 2025 fiscal year. Although considered reasonable as of the date hereof, this outlook, and the underlying assumptions may prove to be inaccurate. Accordingly, actual results could differ materially from the Company’s expectations as set forth herein. See “Forward-Looking Statements.”
In preparing the above outlook, the Company assumed, among other things, (i) that the Company’s backlog orders will translate into revenue, (ii) that the Company will be able to satisfactorily complete and deliver all orders and (iii) the timely payment by customers for all billings. This section includes forward-looking statements. See “Forward-Looking Statements.”
Earnings Conference Call:
Management will host a conference call Tuesday, April 15, 2025, at 4:30 p.m. Eastern Time to discuss Pioneer’s 2024 fourth quarter and full year 2024 financial results with the investment community.
Anyone interested in participating should call 1-877-407-0789 if calling within
A replay will be available until April 17, 2025, which can be accessed by dialing 1-844-512-2921 if calling within
The call will also be accompanied live by webcast over the Internet and accessible at https://viavid.webcasts.com/starthere.jsp?ei=1712844&tp_key=c8ff18fe09.
Non-GAAP Measures
In addition to disclosing financial results in accordance with accounting principles generally accepted in
The Company’s management uses non-GAAP operating income (loss) from continuing operations (a) as a measure of operating performance, (b) for planning and forecasting in future periods, and (c) in communications with the Company’s board of directors concerning the Company’s financial performance. The Company’s presentation of this non-GAAP measure is not necessarily comparable to other similarly titled captions of other companies due to different methods of calculation and should not be used by investors as a substitute or alternative to any measure of financial performance calculated and presented in accordance with
Please refer to "Reconciliation of Non-GAAP Measures" in this document for a detailed explanation of the adjustments made to the comparable
About Pioneer Power Solutions, Inc.
Pioneer Power Solutions, Inc. is a leader in the design, manufacture, integration, service of distributed energy resources, power generation equipment and mobile electric charging solutions for applications in the utility, industrial and commercial markets. To learn more about Pioneer, please visit its website at www.pioneerpowersolutions.com.
e-Boost is Pioneer’s portfolio of smart, mobile EV charging solutions. The Company has been aggressively marketing e-Boost to electric bus and truck manufacturers, fleet management companies, municipalities and EV infrastructure providers since its initial launch in November 2021.
Forward-Looking Statements:
This press release contains “forward-looking statements” within the meaning of the federal securities laws. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the Company’s ability to successfully operate its business after the divestiture of its E-Bloc business, (ii) the Company’s ability to successfully increase its revenue and profit in the future, (iii) general economic conditions and their effect on demand for electrical equipment, (iv) the effects of fluctuations in the Company’s operating results, (v) the fact that many of the Company’s competitors are better established and have significantly greater resources than the Company, (vi) the Company’s dependence on two customers for a large portion of its business, (vii) the potential loss or departure of key personnel, (viii) unanticipated increases in raw material prices or disruptions in supply, (ix) the Company’s ability to realize revenue reported in the Company’s backlog, (x) future labor disputes, (xi) changes in government regulations, (xii) the liquidity and trading volume of the Company’s common stock, (xiii) an outbreak of disease, epidemic or pandemic, such as the global coronavirus pandemic, or fear of such an event, (xiv) risks associated with litigation and claims, which could impact our financial results and condition, and (xv) the Company’s ability to maintain compliance with the continued listing requirements of the Nasdaq Capital Market.
More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the
-- Tables Follow --
PIONEER POWER SOLUTIONS, INC. Consolidated Statements of Operations (Unaudited) (In thousands, except for share and per share amounts) |
|||||||
| For the Years Ended | |||||||
| December 31, | |||||||
2024 |
2023 |
||||||
| Revenues | $ | 22,879 |
|
$ | 11,116 |
|
|
| Cost of goods sold | 17,365 |
|
8,891 |
|
|||
| Gross profit | 5,514 |
|
2,225 |
|
|||
| Operating expenses | |||||||
| Selling, general and administrative | 9,712 |
|
8,375 |
|
|||
| Research and development | 1,050 |
|
885 |
|
|||
| Total operating expenses | 10,762 |
|
9,260 |
|
|||
| Operating loss from continuing operations | (5,248 |
) |
(7,035 |
) |
|||
| Interest income, net | 431 |
|
232 |
|
|||
| Other income, net | 50 |
|
524 |
|
|||
| Loss before income taxes | (4,767 |
) |
(6,279 |
) |
|||
| Income tax benefit | (1,418 |
) |
- |
|
|||
| Net loss from continuing operations | (3,349 |
) |
(6,279 |
) |
|||
| Income from discontinued operations, net of income taxes | 35,204 |
|
4,381 |
|
|||
| Net income (loss) | $ | 31,855 |
|
$ | (1,898 |
) |
|
| Basic (loss) earnings per share: | |||||||
| Loss from continuing operations | $ | (0.31 |
) |
$ | (0.63 |
) |
|
| Earnings from discontinued operations | 3.28 |
|
0.44 |
|
|||
| Basic earnings (loss) per share | $ | 2.97 |
|
$ | (0.19 |
) |
|
| Diluted (loss) earnings per share: | |||||||
| Loss from continuing operations | $ | (0.31 |
) |
$ | (0.63 |
) |
|
| Earnings from discontinued operations | 3.21 |
|
0.43 |
|
|||
| Diluted earnings (loss) per share | $ | 2.90 |
|
$ | (0.20 |
) |
|
| Weighted average common shares outstanding: | |||||||
| Basic | 10,745,217 |
|
9,905,234 |
|
|||
| Diluted | 10,953,861 |
|
10,127,188 |
|
|||
PIONEER POWER SOLUTIONS, INC. Consolidated Balance Sheets (Unaudited) (In thousands, except for share amounts) |
|||||||
| December 31, | |||||||
2024 |
2023 |
||||||
| ASSETS | |||||||
| Current assets | |||||||
| Cash | $ | 41,622 |
$ | 3,582 |
|
||
| Accounts receivable, net of allowance for credit losses of |
7,826 |
|
1,219 |
|
|||
| Inventories | 6,068 |
|
3,078 |
|
|||
| Prepaid expenses and other current assets | 1,141 |
|
6,159 |
|
|||
| Current assets held for sale | - |
|
13,645 |
|
|||
| Total current assets | 56,657 |
|
27,683 |
|
|||
| Property and equipment, net | 6,503 |
|
3,601 |
|
|||
| Operating lease right-of-use assets | 530 |
|
425 |
|
|||
| Financing lease right-of-use assets | 221 |
|
403 |
|
|||
| Deferred financing costs | - |
|
195 |
|
|||
| Investments | 2,000 |
|
- |
|
|||
| Other assets | 40 |
|
40 |
|
|||
| Noncurrent assets held for sale | - |
|
675 |
|
|||
| Total assets | $ | 65,951 |
|
$ | 33,022 |
|
|
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||
| Current liabilities | |||||||
| Accounts payable and accrued liabilities | $ | 4,543 |
|
$ | 8,111 |
|
|
| Current portion of operating lease liabilities | 244 |
|
237 |
|
|||
| Current portion of financing lease liabilities | 109 |
|
139 |
|
|||
| Deferred revenue | 991 |
|
307 |
|
|||
| Consideration due to buyer | 3,347 |
|
- |
|
|||
| Income taxes payable | 4,079 |
|
- |
|
|||
| Dividend payable | 16,665 |
|
- |
|
|||
| Current liabilities held for sale | - |
|
9,468 |
|
|||
| Total current liabilities | 29,978 |
|
18,262 |
|
|||
| Operating lease liabilities, non-current portion | 301 |
|
215 |
|
|||
| Financing lease liabilities, non-current portion | 121 |
|
278 |
|
|||
| Other long-term liabilities | 122 |
|
49 |
|
|||
| Total liabilities | 30,522 |
|
18,804 |
|
|||
| Commitments and contingencies (Note 7) | |||||||
| Stockholders’ equity | |||||||
| Preferred stock, |
- |
|
- |
|
|||
| Common stock, |
11 |
|
10 |
|
|||
| Additional paid-in capital | 35,418 |
|
33,837 |
|
|||
| Accumulated deficit | - |
|
(19,629 |
) |
|||
| Total stockholders’ equity | 35,429 |
|
14,218 |
|
|||
| Total liabilities and stockholders’ equity | $ | 65,951 |
|
$ | 33,022 |
|
|
PIONEER POWER SOLUTIONS, INC. Consolidated Statements of Cash Flows (Unaudited) (In thousands) |
|||||||
| For the Years Ended | |||||||
| December 31, | |||||||
2024 |
2023 |
||||||
| Operating activities | |||||||
| Net income (loss) | $ | 31,855 |
|
$ | (1,898 |
) |
|
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | |||||||
| Depreciation | 716 |
|
397 |
|
|||
| Amortization of right-of-use financing leases | 129 |
|
324 |
|
|||
| Amortization of right-of-use operating leases | 224 |
|
690 |
|
|||
| Change in allowance for credit losses | 35 |
|
97 |
|
|||
| Stock-based compensation | 1,055 |
|
1,471 |
|
|||
| Gain on sale of PCEP business | (35,044 |
) |
- |
|
|||
| Loss on disposal of fixed assets | 177 |
|
- |
|
|||
| Other | - |
|
(14 |
) |
|||
| Changes in current operating assets and liabilities: | |||||||
| Accounts receivable | (10,360 |
) |
585 |
|
|||
| Inventories | (14,536 |
) |
511 |
|
|||
| Prepaid expenses and other assets | 4,558 |
|
(4,982 |
) |
|||
| Assets held for sale | 14,320 |
|
- |
|
|||
| Liabilities held for sale | (9,468 |
) |
- |
|
|||
| Accounts payable, accrued liabilities and other liabilities | 11,609 |
|
5,361 |
|
|||
| Income taxes | (1,418 |
) |
(7 |
) |
|||
| Deferred revenue | 684 |
|
(5,727 |
) |
|||
| Operating lease liabilities | (748 |
) |
(703 |
) |
|||
| Net cash used in operating activities | (6,212 |
) |
(3,895 |
) |
|||
| Investing activities | |||||||
| Purchase of property and equipment | (3,759 |
) |
(2,496 |
) |
|||
| Proceeds from sale of PCEP business, net of transaction costs | 42,635 |
|
- |
|
|||
| Net cash provided by/(used in) investing activities | 38,876 |
|
(2,496 |
) |
|||
| Financing activities | |||||||
| Net proceeds from the exercise of options for common stock | 519 |
|
50 |
|
|||
| Net proceeds from issuance of common stock | 4,986 |
|
177 |
|
|||
| Payment of deferred financing costs | - |
|
(195 |
) |
|||
| Principal repayments of financing leases | (129 |
) |
(355 |
) |
|||
| Net cash provided by/ (used in) financing activities | 5,376 |
|
(323 |
) |
|||
| Increase (decrease) in cash | 38,040 |
|
(6,714 |
) |
|||
| Cash | |||||||
| Cash, beginning of year | 3,582 |
|
10,296 |
|
|||
| Cash, end of year | $ | 41,622 |
|
$ | 3,582 |
|
|
| Supplemental cash flow information: | |||||||
| Interest paid | $ | 35 |
|
$ | 7 |
|
|
| Income taxes paid, net of refunds | 7 |
|
2 |
|
|||
| Non-cash investing and financing activities: | |||||||
| Surrender and retirement of common stock | 344 |
|
720 |
|
|||
| Acquisition of right-of-use assets and lease liabilities | 330 |
|
- |
|
|||
| Property and equipment obtained in exchange for accounts payable | 272 |
|
- |
|
|||
| Cash dividend declared | 16,665 |
|
- |
|
|||
PIONEER POWER SOLUTIONS, INC. Reconciliation of Non-GAAP Measures (Unaudited) (In thousands) |
|||||||||||||||
| For the Three Months Ended | For the Year Ended | ||||||||||||||
| December 31, | December 31, | ||||||||||||||
2024 |
2023 |
2024 |
2023 |
||||||||||||
| GAAP operating loss from continuing operations | $ |
(1,073 |
) |
$ |
(1,937 |
) |
$ |
(5,248 |
) |
$ |
(7,035 |
) |
|||
| Corporate overhead expenses |
|
2,109 |
|
|
986 |
|
|
5,324 |
|
|
4,519 |
|
|||
| Research and development expenses |
|
345 |
|
|
885 |
|
|
1,050 |
|
|
885 |
|
|||
| Non-recurring professional fees |
|
239 |
|
|
171 |
|
|
546 |
|
|
347 |
|
|||
| Non-GAAP operating income (loss) from continuing operations | $ |
1,620 |
|
$ |
105 |
|
$ |
1,672 |
|
$ |
(1,284 |
) |
|||
View source version on businesswire.com: https://www.businesswire.com/news/home/20250415794288/en/
Brett Maas, Managing Partner
Hayden IR
(646) 536-7331
brett@haydenir.com
Source: Pioneer Power Solutions, Inc.
FAQ
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