secwatch.observer — SEC 8-K summary
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Issuer:     PIONEER POWER SOLUTIONS, INC. (PPSI)
CIK:        0001449792
Form:       8-K
Filed at:   2024-11-14T23:59:59+00:00
Accession:  0001493152-24-045405
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1449792/000149315224045405/0001493152-24-045405-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1449792/000149315224045405/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-045405

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