Pioneer Power Q3 net loss $1.1M; Critical Power revenue +130%; declares special dividend $1.50

PIONEER POWER SOLUTIONS, INC.

2024-Q3 EPS reported -$0.42 revenue$25,841,000

Net loss of $1.1M ($0.10 per share) vs net income of $1.0M ($0.10 per share) in Q3 2023.
Critical Power segment revenue $6.4M, up 130% YoY; backlog $24M, up ~200% YoY.
Closed sale of PCEP business unit for $50M in cash and equity on Oct 29, 2024.
Declared one-time special cash dividend of $1.50/share (~$16.5M total) payable Jan 7, 2025 to holders of record Dec 17, 2024.
2025 revenue guidance of $27-29M, representing ~25% year-over-year growth.

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