---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-009803"
form_type: "8-K"
ticker: "PPSI"
cik: "0001449792"
company_name: "PIONEER POWER SOLUTIONS, INC."
filed_at: "2023-03-30T23:59:59+00:00"
generated_at: "2026-06-17T09:09:10.722858+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pioneer Power Q4 revenue $9.5M (+172% YoY); guides FY2023 revenue $42-45M, positive EPS

## Summary
- Q4 revenue $9.5M, up 172% YoY and 52% sequentially.
- Full-year revenue $27.0M, up 48% YoY; backlog $37.2M, up 63% YoY.
- Q4 net income $0.10 per share vs loss of $0.16 last year; full-year net loss $0.37 per share.
- Management expects FY2023 revenue $42-45M (at least 50% growth) and positive EPS.
- Q4 gross margin improved to 29.0% from 0.7% last year.

## SEC filing metadata
- accession: 0001493152-23-009803
- form_type: 8-K
- ticker: PPSI
- cik: 0001449792
- company_name: PIONEER POWER SOLUTIONS, INC.
- filed_at: 2023-03-30T23:59:59+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/1449792/000149315223009803/0001493152-23-009803-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1449792/000149315223009803/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-009803
- JSON: https://secwatch.observer/filing/0001493152-23-009803.json
- Plain text: https://secwatch.observer/filing/0001493152-23-009803.txt

## Key facts
- Earnings Releases
  PIONEER POWER SOLUTIONS, INC. reported the fourth quarter ended December 31, 2022 results: revenue $9.5 million, net income $948,000, EPS $0.10 per basic and diluted share. Guidance initiated.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $9.5 million
  - Net income: $948,000
  - EPS: $0.10 per basic and diluted share
  - Guidance: initiated
  - Result: reported results
  source text: except as shall be expressly set forth by specific reference in such filing. --- EX-99.1 () --- EX-99.1 2 ex99-1.htm Exhibit 99.1 Pioneer Power Delivers Quarterly Revenue of $9.5 Million, Up 172% Year-over-Year and 52% Sequentially, Driven by Demand for E-Bloc Solution Full-Year Revenue Up 48% to $27.0 Million, Backlog Grows 63% Year-Over-Year to $37.2 Million;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1449792/000149315223009803/0001493152-23-009803-index.htm
- Earnings Releases
  PIONEER POWER SOLUTIONS, INC. reported the full-year ended December 31, 2022 results: revenue $27.0 million, net income $3.6 million, EPS $(0.37) per share. Guidance initiated.
  - Period: the full-year ended December 31, 2022
  - Revenue: $27.0 million
  - Net income: $3.6 million
  - EPS: $(0.37) per share
  - Guidance: initiated
  - Result: reported results
  source text: Pioneer Power Delivers Quarterly Revenue of $9.5 Million, Up 172% Year-over-Year and 52% Sequentially, Driven by Demand for E-Bloc Solution Full-Year Revenue Up 48% to $27.0 Million, Backlog Grows 63% Year-Over-Year to $37.2 Million; Fourth Quarter Earnings per Share of $0.10; Management Expects Positive EPS for Full-Year of 2023; Company Expects Full Year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1449792/000149315223009803/0001493152-23-009803-index.htm

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