Pioneer Power Q2 revenue record $12.1M, up 149% YoY; gross margin expands to 22.4%

PIONEER POWER SOLUTIONS, INC.

2023-Q2 EPS reported -$0.02 revenue$20,638,000

Revenue $12.1M (record), up 149% YoY from $4.9M; T&D Solutions revenue up 263%.
Gross profit $2.7M (22.4% margin) vs $63K (1.3%) last year.
Operating loss $378K incl. $819K non-cash stock comp; ex-stock comp, operating income $441K.
Net loss $0.03/share ($319K) vs $0.26 loss last year; ex-stock comp, EPS $0.05 positive.
Backlog $33.6M; reiterates FY2023 revenue $42-45M and positive EPS.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PIONEER POWER SOLUTIONS, INC. reported the second quarter and six months ended June 30, 2023 results: revenue $12.1 million. Guidance reaffirmed.

Period: the second quarter and six months ended June 30, 2023
Revenue: $12.1 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

forth by specific reference in such filing. --- EX-99.1 () --- EX-99.1 2 ex99-1.htm Exhibit 99.1 Pioneer Power Increases Revenue 149% during the Second Quarter to a Record $12.1 Million; Gross Profit Increases to $2.7 Million, Achieving a 22% Gross Margin Management Reiterates Guidance of Full Year Revenue of $42 to $45 Million, Full year positive EPS;

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Source: SEC EDGAR

accession 0001493152-23-028542

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