Pioneer Power Q3 revenue record $12.4M (+99%), EPS $0.10 vs -$0.13, guidance $42-45M

PIONEER POWER SOLUTIONS, INC.

2023-Q3 EPS reported $0.08 revenue$33,080,000

Q3 revenue $12.4M (+99% YoY); gross profit $3.7M (29.8% margin) vs $0.9M (13.8%).
Net income $1.0M ($0.10 diluted EPS) vs net loss $1.3M (-$0.13) in Q3 2022.
Operating income $953k vs operating loss $1.4M in prior-year quarter.
Backlog $33.6M; cash $7.6M; no bank debt; guides FY23 revenue $42-45M, positive EPS.
E-Bloc and e-Boost product platforms driving growth; e-Boost provided 13,000 EV charges YTD.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PIONEER POWER SOLUTIONS, INC. reported the third quarter ended September 30, 2023 results: revenue $12.4 million, net income $1.0 million, EPS $0.10 per basic and diluted share. Guidance reaffirmed.

Period: the third quarter ended September 30, 2023
Revenue: $12.4 million
Net income: $1.0 million
EPS: $0.10 per basic and diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

be expressly set forth by specific reference in such filing. --- EX-99.1 () --- EX-99.1 2 ex99-1.htm Exhibit 99.1 Pioneer’s Third Quarter Revenue Increases 99.1% to a Record $12.4 Million; Grows Profitability to $0.10 in Quarterly EPS Management Reiterates Guidance of Full Year Revenue of $42 to $45 Million, Full year positive EPS; Company Maintains $33.6 Million

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Source: SEC EDGAR

accession 0001493152-23-041094

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