---
schema_version: "secwatch.filing_event.v1"
accession: "0001387131-22-006209"
form_type: "8-K"
ticker: "PPSI"
cik: "0001449792"
company_name: "PIONEER POWER SOLUTIONS, INC."
filed_at: "2022-05-16T23:59:59+00:00"
generated_at: "2026-06-25T14:33:24.281515+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pioneer Power Q1 revenue up 72% to $6.0M; backlog hits $24M

## Summary
- Revenue increased 72% to $6.0M; gross profit up 450% to $875,000 (14.5% margin).
- Net loss of $788,000 ($0.08 per share) vs net income $351,000 in prior year (which included $1.4M PPP loan forgiveness).
- Backlog increased to $24M, highest since transformer business sale; e-Bloc accounts for $15.2M of backlog.
- E-BOOST EV-charging solutions contributed $788,000 revenue; first order received from Navistar.
- Guidance: expects 2022 revenue growth of at least 50% over 2021; positive operating cash flow expected.

## SEC filing metadata
- accession: 0001387131-22-006209
- form_type: 8-K
- ticker: PPSI
- cik: 0001449792
- company_name: PIONEER POWER SOLUTIONS, INC.
- filed_at: 2022-05-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1449792/000138713122006209/0001387131-22-006209-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1449792/000138713122006209/ppsi-8k_051622.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001387131-22-006209
- JSON: https://secwatch.observer/filing/0001387131-22-006209.json
- Plain text: https://secwatch.observer/filing/0001387131-22-006209.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.