secwatch.observer — SEC 8-K summary
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Issuer:     POWER SOLUTIONS INTERNATIONAL, INC. (PSIX)
CIK:        0001137091
Form:       8-K
Filed at:   2022-05-16T23:59:59+00:00
Accession:  0001193125-22-151961
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PSI Q1 sales $98.9M, net loss narrows to $2.6M; adjusted EBITDA turns positive $3.7M
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- Sales $98.9M, down 1% YoY; power systems +52%, industrial +33%, transportation -$25.8M.
- Gross profit more than doubled; gross margin 16.9% vs 7.1% on lower warranty expense.
- Net loss $2.6M ($0.11/sh) vs $18.2M ($0.79) prior year; adjusted net loss $0.9M.
- Adjusted EBITDA positive $3.7M vs loss of $8.5M in Q1 2021.
- Operating expenses fell 27% due to lower legal, wage, and R&D costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137091/000119312522151961/0001193125-22-151961-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137091/000119312522151961/d272160d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-151961

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer