earnings
confidence high
sentiment positive
materiality 0.80
Pioneer Power reports FY2023 revenue up 51% to $40.8M, net income $138K; guides FY2024 revenue $52-54M
PIONEER POWER SOLUTIONS, INC.
2024-Q1 EPS reported
-$0.10
revenue$8,590,000
- FY2023 revenue $40.8M (+51% YoY); gross margin 25.5% vs 17.1%; net income $138K vs loss of $3.6M.
- Q4 2023 revenue $7.7M (down 19% YoY) due to order timing; net loss $689K vs income $948K.
- Backlog $45.9M as of Dec 31, 2023, up 36% sequentially and 23% YoY.
- FY2024 guidance: revenue $52-54M (~30% growth), EPS $0.31-0.34.
- e-Boost charging sessions surged to 7,500 (220 MWh) vs 350 (7.5 MWh) in 2022.