secwatch.observer — SEC 8-K summary
======================================

Issuer:     PIONEER POWER SOLUTIONS, INC. (PPSI)
CIK:        0001449792
Form:       8-K
Filed at:   2022-03-31T23:59:59+00:00
Accession:  0001387131-22-004476
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pioneer Power Q4 revenue down 35% with net loss $1.4M; backlog doubles to $22.8M; guides 50%+ revenue growth in 2022
--------------------------------------------------------------------------------

- Q4 2021 revenue $3.5M (-35% YoY); net loss $1.4M ($0.16/shr) vs $744k loss prior year.
- Backlog more than doubled to $22.8M at Dec 31, 2021 from $10.9M at Sep 30, 2021.
- E-BOOST launched Nov 2021; received $788k order from hotel/casino and $120k order for school bus charging in Q1 2022.
- FY2021 revenue $18.3M (-6% YoY); net loss narrowed to $2.2M from $3.0M in FY2020.
- Guides FY2022 revenue up at least 50% over 2021, margin expansion, and positive operating cash flow.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1449792/000138713122004476/0001387131-22-004476-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1449792/000138713122004476/ppsi-8k_033122.htm
  HTML page:      https://secwatch.observer/filing/0001387131-22-004476

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